Cool Roof Coatings Industry – Market Analysis, Forecast, Size, Trends and Insights. Update: COVID-19 Impact
Market Overview
The global cool roof coatings market has been
segmented on the basis of product type, roof slope, application, and region.
By product type, the
global Cool
Roof Coatings Industry has been classified into elastomeric and IR
reflective. Among these, the elastomeric segment accounted for the largest
market share and was the fastest growing segment in 2018. The segment is
expected to maintain its dominance during the review period, owing to the
relatively low cost of production as compared to the other materials.
Additionally, the application of the elastomeric cool roof coating is easy and
less labor intensive, which is also expected to contribute to the growth of the
elastomeric segment during the forecast period.
On the basis of roof
type, the global cool roof coatings market has been classified into low-sloped
roof, steep-sloped roof, and others. The low-sloped roof is the most commonly
used type of roofing in the industrial buildings as it prevents water
collection on the roof during the rainy seasons and is also proved to be ideal
for industrial buildings. Hence, the use of high-performance cool coatings on a
low-sloped roof appears to be highly beneficial in buildings. The segment is
expected to grow at a significant rate during the forecast period.
Based on application, the global cool roof coatings industry
has been divided into residential,
commercial, and industrial. The industrial segment held the largest share and
was the fastest growing segment in 2018, due to the increasing use of cool roof
coatings in industrial buildings. The adoption of cool roof coatings in
industrial buildings is high in North America. The adoption of new technologies
to execute thermal management in buildings was witnessed largely in the US
& Canada in 2018. The emerging economies of Asia-Pacific are also
responsible for the growth of the industrial segment due to growing
urbanization and environmental awareness in this region. Countries such as
India and China are adopting cool roof coating, particularly in industries to
save energy and enable thermal management in the buildings. The segment is
projected to continue its growth during the review period.
Browse Full Report
Details @ https://www.marketresearchfuture.com/reports/cool-roof-coatings-market-7832
Market
Players:
Some of the key players operating
in the global cool roof coatings market are BASF SE (Germany), Akzo Nobel NV
(Netherlands), RPM International Inc. (US), The Sherwin-Williams Company (US),
Hempel A/S (Denmark), The Dow Chemical Company (US), Wacker Chemie AG
(Germany), Sika AG (Switzerland), Nippon Paint Holdings Co., Ltd (Japan),
Valspar (US), Nutech Paints (US), GAF (US), Monarch Industries Ltd
(Canada), and Excel Coatings (India).
Regional
Analysis:
The global cool roof coatings
market has been spanned across five key regions, namely Asia-Pacific, North
America, Europe, Latin America, and the Middle East & Africa. North America
held the largest share of the global cool roof coatings market in 2018 and is
projected to continue the trend during the forecast period. Asia-Pacific held
the second-largest share and was the fastest growing regional market in 2018,
owing to the growing use of cool roof coatings in the industrial buildings. The
European market is expected to witness considerable growth, and the Latin
American market is expected to record moderate growth during the forecast
period. The Middle East & African market is projected to witness sluggish
growth during the review period.
Request
For Sample Report Here @ https://www.marketresearchfuture.com/sample_request/7832
About Market Research Future:
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting
Services.
MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients. Our
market research studies by products, services, technologies, applications, end
users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
In order to stay updated with technology and work
process of the industry, MRFR often plans & conducts meet with the industry
experts and industrial visits for its research analyst members.
Contact:
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone:
+1 628 258 0071(US)
+44 2035 002 764(UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Read More Related Article:
https://www.marketresearchfuture.com/reports/active-calcium-silicate-market-2114
https://www.marketresearchfuture.com/reports/ultra-high-molecular-weight-polyethylene-market-2081
https://www.marketresearchfuture.com/reports/calcium-chloride-market-2049
https://www.marketresearchfuture.com/reports/construction-chemicals-market-1960
https://www.marketresearchfuture.com/reports/industrial-adhesive-market-1927
Comments
Post a Comment