New York
City, 29 January 2019: The global Cool Roof Coatings Market is expected to reach USD 5.95
billion by 2026 and is estimated to grow at a CAGR of 6.8 % from 2018 to 2026.
Cool roof coatings have increasingly gained significance in the growing green
construction sector on account of their efficient energy performance and and
being a comfort alternative for consumers. The global cool roof coatings market
is anticipated to witness a positive leap on the growth as the consumer
awareness concerning products with lesser environmental impact grows rapidly
along with the changing demographics.
Cool roof coatings help to reduce the
increased temperature due to the heat from that gets trapped inside the
buildings. Thus, results in lower dependency on energy-consuming equipment such
as air conditioners. It also helps in the reduction of costs concerning energy.
Cool roof coatings help in mitigating the harmful UV radiation affects and
structural deformations which might occur due to fluctuations in temperature.
 |
Technology advancements and material development
have played as significant part in the growth of cool roof technologies. With
the emergence of new polymers containing lower volatile organic compound (VOC)
are anticipated to contribute to product demand as an environmental-friendly
alternative. Regulations concerning limited or no quantity of VOC content in
paints & coatings is expected to strengthen the demand of cool roof
coatings market. Silicon based cool roof coatings are among the latest
innovations.
Green buildings demand
has also risen sharply, wherein green buildings incorporate unique construction
features ensuring effective use of water and energy. These are characterized as
those providing the required building performance during the whole building
life-cycle coupled with minimizing consumption of conventional energy sources.
Green buildings are certified as per programs such as Leadership in Energy and
Environmental Design (LEED) which have further resulted in growth of
environmentally-friendly coatings such as cool roof.
Competitive Landscape and Key Vendors:
North America is the largest regional
market for the cool roof coatings followed by Europe. Increasing consumer
preference and supportive government policies for curbing carbon footprint in
North America is the major growth factor for the growth of cool roof coatings
in the region. Asia Pacific is likely to witness the fastest growth during the
forecast period on account of increasing demand from its growing economies such
as India and Southeast Asian countries. China is expected to witness fast
growth in demand due to extensive implementation of green building codes.
The global cool roof coatings market is
highly competitive and is characterized by high degree of integration across
the manufacturing stage and distribution. Some of the key reclaimed rubber
market players KST Coatings (Sherwin-Williams), DowDupont, Nippon Paints, KST
Coatings (Sherwin-Williams), Monarch Industries, Sika Sarnafil, Nutech Paints,
Valspar Corporation, GAF Materials, and Excel Coatings.
No comments:
Post a Comment