Cool Roof Coatings Market Size | Business Opportunities, Demand, Insights Research And Outlook 2020-2027
Market Overview
The global cool
roof coatings market size has been segmented on the basis of product type, roof
slope, application, and region.
By product type,
the global cool roof coatings market 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 Size 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 market 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.
Market Players:
Some of the key
players operating in the global Cool
Roof Coatings market size 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 growth 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.
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/wax-emulsion-market-5035
https://www.marketresearchfuture.com/reports/alkylamines-market-10674
Comments
Post a Comment