The reduction in energy consumptions and favourable regulations are driving the need for the market.

The global  Cool Roof Coatings Market  is forecast to reach USD 6.84 Billion by 2027, according to a new report by Reports and Data. Rising developments in both the residential and manufacturing sectors are projected to affect demand positively. Cold roof coatings minimize the building heat accumulation, increasing its efficiency and reducing the total maintenance expense. In the near future, the growing need for energy efficiency, along with the adoption of green building codes, by numerous governments would embellish the growth of the demand. Also, growing environmental destruction as a result of greenhouse gases in the stratosphere and the need to improve the energy efficiency led to an increase in the consumer's tilt towards the cool roof market.

Cool roof coatings have various benefits, such as cost-effective and high solar reflect, which effectively minimizes heat accumulation in industrial and residential spaces and represents reliance on air conditioning, thus saving electricity and reducing air emissions. Increasing market preference carbon efficiency and attractive tax incentives towards policy programs promoting the use of green construction materials and is expected to fuel demand in the years ahead.

Recent trend shows that many companies focused on creating innovative technologies to improve UV surface resistance, and incorporating microcells and nanotechnology to mitigate heat flux, along with growing energy efficiency, will create a lucrative potential for global business growth. The high cost of coating techniques, however, may hinder the demand and restrain the market growth over the forecast period.

Key companies profiled in the report include

Sika AG, Nutech Paint, The Valspar Corporation, Dow Inc., Excel Coatings, GAF, KST Coatings, Indian Insulation Engineering PPG Industries, Inc., and Huntsman International LLC, among others.

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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Cool Roof Coatings market.

The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each player along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.

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The regional bifurcation of the regional key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The report in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.

The key geographical regions analyzed in the market report are:

• North America (USA, Canada)
• Europe (UK, Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)

Cool Roof Coatings Market Segmentation based on Types:

Product Outlook (Revenue, USD Billion; 2017-2027)

• Elastomeric
• IR Reflective

Application Outlook (Revenue, USD Billion; 2017-2027)

• Steep-sloped
• Low-sloped roofs

End-use Outlook (Revenue, USD Billion; 2017-2027)

• Residential
• Commercial
• Industrial

Further key findings from the report suggest

• The commercial segment is expected to grow over the forecast period at a CAGR of 7.7%, in terms of sales. Increasing investment in convenience stores, shopping centers, supermarkets, schools, hospitals, and other related ventures is projected to fuel demand.
• IR Reflective coatings have emerged as the fastest-growing product category, and a CAGR of 7.2% is projected to increase over the estimated period in terms of sales. The growing increase in energy costs in residential and commercial buildings is anticipated to augment the segment growth. Such types of coatings possess remarkable heat-reflective abilities filtering dangerous ultraviolet radiation and UV radiation out into the atmosphere and thereby minimizing heat generation inside the structure.
• Due to rising demand from residential and non-residential building projects, such as hospitals, schools, and universities, North America dominate the global industry in 2019. The growing population is projected to improve further the development of office spaces, manufacturing plants, hospitals, and universities, thus increasing the construction industry market.
• The Asia Pacific driven by China, India, and Japan's production may record improvements in revenue with a CAGR of 7.5% by 2027. Rapid industrialization, combined with rising urbanization and increasing customer purchasing potential in the region, is projected to fuel demand for consumer products , which is expected to raise the market over the forecast period.

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