Passive Radiative Cooling Materials Market Trends: at a CAGR of 28.8% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Passive Radiative Cooling Materials- 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 Materials market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Passive Radiative Cooling Materials was estimated to be worth US$ 21.54 million in 2025 and is projected to reach US$ 100 million, growing at a CAGR of 22.2% from 2026 to 2032.

【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】
https://www.qyresearch.com/reports/5649766/passive-radiative-cooling-materials



System Overview
Passive Radiative Cooling Materials represent a next-generation class of functional substances engineered to achieve sub-ambient cooling without energy input. These materials operate by simultaneously reflecting solar irradiance and emitting long-wave infrared radiation through the atmospheric transparency window (8-13 μm) into outer space. Characterized by high solar reflectance and high thermal emittance, they maintain cooler surface temperatures even under direct sunlight. Applicable across building envelopes, automotive surfaces, outdoor infrastructure, and electronic devices, these materials offer a scalable pathway to energy-efficient thermal management, reduced air conditioning dependency, and mitigation of urban heat island effects.

Market Size and Growth Projections

The global Passive Radiative Cooling Materials market is projected to reach USD 106.64 million by 2030.

The market is expected to expand at a compound annual growth rate (CAGR) of 28.8% during the 2026-2032 forecast period.

Competitive Landscape

The market remains highly concentrated, with the top three global players accounting for approximately 59.0% of total revenue in 2024.

Key manufacturers include SPACE COOL and Azure Era, among other emerging innovators.

Segmentation by Product Type

Membranes represent the dominant product segment, holding a 65.3% market share.

Other form factors include radiative cooling coatings, films, and functional textiles.

Segmentation by Application

The construction industry leads application segments, comprising 38.5% of total market demand.

Additional application areas include automotive thermal management, outdoor enclosures, cold chain logistics, and wearable textiles.

Regional Insights

Asia-Pacific is the fastest-growing regional market, driven by rapid urbanization, heat-stress mitigation needs, and green building policy momentum.

North America and Europe remain innovation hubs, with early adoption in net-zero building pilots and public-sector heat resilience programs.

Market Drivers

D1: Policy-Driven Decarbonization and Energy Efficiency Mandates
Government-led carbon reduction roadmaps, building-sector retrofit obligations, and public procurement with embedded low-carbon criteria are accelerating adoption. Passive radiative cooling is increasingly specified in funded energy-efficiency programs and incentive mechanisms targeting roof and facade upgrades.

D2: Surging Cooling Demand and Grid Resilience Pressures
Rising global temperatures, extended cooling seasons, and intensified peak electricity loads have created urgency for non‐vapor‐compression cooling alternatives. Passive radiative cooling offers grid-free cooling capacity, strengthening infrastructure resilience during heatwaves and outages.

D3: Integration into Building Energy Codes and Envelope Standards
More jurisdictions are embedding cool-surface requirements-such as solar reflectance, thermal emittance, and performance metrics like Cryox-into building energy codes. This regulatory pull is translating radiative cooling solutions from niche innovation into baseline specification.

D4: Scalable Retrofit Opportunity in Existing Building Stock
With the majority of global floor area already built, roof and vertical envelope retrofits represent a high-volume, repeatable deployment channel. Passive radiative cooling materials are particularly well suited for solar-exposed surfaces, enabling mass adoption beyond new construction.

D5: Material Science Advancements in Durability and Weatherability
Improvements in UV resistance, abrasion tolerance, self-cleaning functionality, and anti-soiling surface engineering have extended service life and reduced performance decay. These advances enable longer warranty periods and strengthen confidence among risk-averse specifiers and insurers.

D6: Urban Heat Island Mitigation and Public-Sector Procurement
Cities, campuses, and infrastructure agencies are launching heat resilience initiatives with dedicated funding. Passive radiative cooling is increasingly featured in standardized tender documents, pilot-to-rollout pathways, and publicly financed cool-roof programs.

D7: Product Differentiation and Premium Market Positioning
For manufacturers of roofing membranes, architectural coatings, and technical textiles, radiative cooling functionality enables distinct product tiers aligned with green building certifications and resilience-focused project pipelines.

Market Restraints

R1: Incomplete Market Awareness and Conceptual Ambiguity
As an emerging passive cooling discipline, radiative cooling remains poorly distinguished from conventional reflective coatings or insulation auxiliaries. Many end users overlook its core differentiator-net heat rejection via mid-infrared emission through the atmospheric window-resulting in decision friction during material selection and system integration.

R2: Immature Supply Chain and Production Scalability Constraints
The sector is transitioning from laboratory-scale fabrication to industrial mass production. Challenges persist in stable sourcing of functional-layer inputs, process window reproducibility, and quality assurance across diverse form factors. Limited long-term validation under harsh environmental conditions (high salinity, humidity, UV exposure) further constrains adoption in mission-critical applications.

R3: Absence of Standardized Testing and Performance Frameworks
No unified technical standards or certification regimes yet exist for passive radiative cooling materials. Evaluation protocols, energy-savings quantification methods, and product grading systems remain fragmented, often relying on proprietary metrics. This impedes integration into green-building rating systems, carbon accounting mechanisms, and subsidy eligibility frameworks.

R4: Immature Business Models and Limited Financing Channels
Most current deployments follow conventional material procurement models, lacking benefit-sharing structures that monetize long-term energy savings. The absence of verifiable performance-as-a-service frameworks or assetizable energy-efficiency cash flows limits participation from institutional capital and project finance vehicles. Until ESG value can be systematically converted into auditable carbon and energy metrics, large-scale capital formation will remain constrained.



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 Materials market is segmented as below:
By Company
SPACE COOL
Azure Era
i2Cool
MG Energy
Radi-Cool
CSCEC
Pirta
Cryox
3M
AkzoNobel
Aorun Advanced Materials
SKSHU Paint
Nippon Paint
Beixin Jiabaoli Coatings

Segment by Type
Paints
Films
Others

Segment by Application
Construction Industry
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 Materials market:

Chapter 1: Introduces the report scope of the Passive Radiative Cooling Materials 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 Materials 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 Materials 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 Materials 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 Materials 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 Materials 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 Materials 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 Materials 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:
Global Passive Radiative Cooling Materials Market Outlook, InDepth Analysis & Forecast to 2032
Global Passive Radiative Cooling Materials Market Research Report 2026
Global Passive Radiative Cooling Materials Sales Market Report, Competitive Analysis and Regional Opportunities 2026-2032

About Us:
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 19 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.

Contact Us:
If you have any queries regarding this report or if you would like further information, please contact us:
QY Research Inc.
Add: 17890 Castleton Street Suite 369 City of Industry CA 91748 United States
EN: https://www.qyresearch.com
Email: global@qyresearch.com
Tel: 001-626-842-1666(US)
JP: https://www.qyresearch.co.jp

This release was published on openPR.