Passive Radiative Cooling Film Research:CAGR of 31.2% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Passive Radiative Cooling Film- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global Passive Radiative Cooling Film market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Passive Radiative Cooling Film was estimated to be worth US$ 2.7 million in 2025 and is projected to reach US$ million, growing at a CAGR of % from 2026 to 2032.

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Passive Radiative Cooling Film Market Summary

Passive Radiative Cooling Film is an advanced material capable of achieving efficient heat dissipation without external energy input. Its working principle relies on two key characteristics: first, emitting heat directly into outer space as infrared radiation through the atmospheric window (8-13 micrometre wavelength range); second, highly reflecting sunlight (particularly visible and near-infrared wavelengths) to minimize solar absorption. Typically structured with a multi-layered design, it incorporates materials with high infrared emissivity (e.g., polymers or metal oxides) and solar-reflective layers, enabling continuous operation day and night. Applications span building energy efficiency (e.g., reducing air conditioning loads), electronics thermal management, and solar panel cooling, offering environmental benefits, low energy consumption, and sustainability.

Key Drivers

Rising Energy Costs: The increasing cost of energy, particularly in hot climates, has pushed businesses and homeowners to seek more cost-effective and sustainable cooling solutions. Passive Radiative Cooling Films reduce the need for air conditioning and other energy-intensive cooling methods, making them an attractive alternative.

Climate Change and Urban Heat Island Effect: As Europe temperatures continue to rise, cities are becoming hotter, contributing to the Urban Heat Island (UHI) effect. PRC films help to mitigate this issue by cooling buildings and surrounding areas, making them essential in cities with extreme heat conditions. Urban planners are increasingly turning to these films as part of their strategies to combat UHI.

Government Policies and Environmental Regulations: Governments worldwide are introducing stricter building codes and regulations that promote energy-efficient construction and retrofit projects. Incentives and tax rebates for sustainable building materials, including passive cooling technologies, are encouraging the widespread adoption of PRC films in commercial and residential construction.

Growing Focus on Sustainability and Green Building Initiatives: As part of the Europe shift toward sustainability, there is increasing pressure on industries to adopt green building practices. Passive Radiative Cooling Films are often part of green building certifications like LEED (Leadership in Energy and Environmental Design), which boosts demand for these films.

Advances in Material Technology: Significant improvements in material science, such as the development of highly reflective and durable films, have enhanced the performance and cost-effectiveness of Passive Radiative Cooling Films. Innovations in nanomaterials, ceramics, and polymers are making these films more efficient and affordable, driving market growth.

Key Challenges

High Initial Costs: While Passive Radiative Cooling Films can lead to long-term savings on energy bills, the initial costs of production and installation can be relatively high. For many businesses or homeowners, the upfront investment may be a barrier, especially in markets where cost is a major consideration.

Limited Consumer Awareness: Despite growing environmental awareness, many consumers and businesses are still unfamiliar with passive cooling technologies. The lack of understanding about the benefits and functionalities of Passive Radiative Cooling Films may slow adoption, particularly in regions where conventional cooling methods dominate.

Competition from Conventional Cooling Technologies: Traditional cooling systems, such as air conditioners and fans, remain the dominant choice for cooling buildings. Although Passive Radiative Cooling Films provide long-term energy savings, they may not be perceived as an immediate or complete substitute for air conditioning, limiting their market share in some areas.

Climate and Geographical Limitations: The effectiveness of Passive Radiative Cooling Films is heavily dependent on climate conditions. In areas with cooler temperatures or regions that do not experience extreme heat, the demand for such films may be lower. This limits the geographic scope of the market, particularly in temperate climates.

Regulatory and Standardization Challenges: While many countries are encouraging sustainability in construction, there may still be regulatory hurdles to overcome in some regions. Building codes and energy efficiency standards are not always aligned with the adoption of newer technologies like Passive Radiative Cooling Films. Lack of standardization can also create uncertainty in product performance and market acceptance.

According to the new market research report "Europe Passive Radiative Cooling Film Market Report 2025-2031", published by QYResearch, the Europe Passive Radiative Cooling Film market size is projected to reach USD 0.6 billion by 2031, at a CAGR of 31.2% during the forecast period.

Figure00001. Europe Passive Radiative Cooling Film Market Size (US$ Million), 2020-2031

Passive Radiative Cooling Film

Above data is based on report from QYResearch: Europe Passive Radiative Cooling Film Market Report 2025-2031 (published in 2024). If you need the latest data, plaese contact QYResearch.

Figure00002. Europe Passive Radiative Cooling Film Top 7 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Passive Radiative Cooling Film

Above data is based on report from QYResearch: Europe Passive Radiative Cooling Film Market Report 2025-2031 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the Europe key manufacturers of Passive Radiative Cooling Film include 3M, Radi-Cool, etc. In 2024, the Europe top three players had a share approximately 80.0% in terms of revenue.

Figure00003. Passive Radiative Cooling Film, Europe Market Size, Split by Product Segment

Passive Radiative Cooling Film

Based on or includes research from QYResearch: Europe Passive Radiative Cooling Film Market Report 2025-2031.

In terms of product type, currently Reflection Type is the largest segment, hold a share of 74.6%.

In terms of product application, currently Construction Industry is the largest segment, hold a share of 44.2%.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Passive Radiative Cooling Film market is segmented as below:
By Company
SPACE COOL
Azure Era
Radi-Cool
i2Cool
3M
MG Energy
SVG Optoelectronics

Segment by Type
Transmission Type
Reflection Type

Segment by Application
Construction Industry
Logistics and Warehousing
Transportation Equipment
Energy and Power Facilities
Others

Each chapter of the report provides detailed information for readers to further understand the Passive Radiative Cooling Film market:

Chapter 1: Introduces the report scope of the Passive Radiative Cooling Film report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of Passive Radiative Cooling Film manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various Passive Radiative Cooling Film market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5: Sales, revenue of Passive Radiative Cooling Film in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6: Sales, revenue of Passive Radiative Cooling Film in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Passive Radiative Cooling Film competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Passive Radiative Cooling Film comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Passive Radiative Cooling Film market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

Other relevant reports of QYResearch:
Passive Radiative Cooling Film - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
Global Passive Radiative Cooling Film Sales Market Report, Competitive Analysis and Regional Opportunities 2025-2031
Global Passive Radiative Cooling Film Market Outlook, In‐Depth Analysis & Forecast to 2031
Global Passive Radiative Cooling Film Market Research Report 2025
Global Passive Radiative Cooling Film Market Insights, Forecast to 2031

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