Industry Background:
Cool roof coatings are defined as the coatings which protecting roofs from ultraviolet, infrared and visible light. Various benefits of cool roof coatings are performance concerning reduced energy bills, longer roof service life, and improved indoor comfort, Extends the life of air-conditioning systems, reduces the carbon footprint of the building, among others. It basically lowers the interior temperature from 6°C to 10°C as well as roof surface temperature by up to 60°C. Increasing usage of cool roof coatings in Residential, Commercial, Industrial, among others are some of the major factors which affect the growth of the market in the future.
This growth is primarily driven by Rising Demand for Energy-Efficient Roofing Systems and Increasing Usage of Cool Roof Coatings in Residential and Non-Residential Buildings to Reduce Energy Consumption.
Globally, a noticeable market trend is evident Growing Economic Conditions of the Developing Economies Such as India & China and Rising Urbanization Globally. The Commodity Chemicals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as The Dow Chemical Company (United States), Nippon Paint Pvt Ltd (Japan), Sika Sarnafil, Inc. (United States), The Valspar Corporation (United States), Nutech Paint Pty Ltd (Australia), GAF Materials Corporation (United States), Monarch Industries Ltd. (Canada), Excel Vinyl Coatings Pvt Ltd (India), Gaco Western, LLC (United States) and BASF SE (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2017, the IPS Corporation Company has acquired Metacrylics Cool Roof Coatings Company, which manufactures cool roof coating products. Henceforth, it will affect the growth of the market in the future.
In November 2018, the Nygra Coatings Company has launched cool roof technology, which reduces temperatures and reduces energy use. Hence, it will affect the growth of the market in the future
Market Drivers
- Rising Demand for Energy-Efficient Roofing Systems
- Increasing Usage of Cool Roof Coatings in Residential and Non-Residential Buildings to Reduce Energy Consumption
Market Trend
- Growing Economic Conditions of the Developing Economies Such as India & China and Rising Urbanization Globally
Restraints
- Problem related to Requirement of More Drying Time for Water-Based Coatings
- The issue regarding Stringent Regulatory Policies
Opportunities
Changing Consumer Preference towards Energy-Efficient Products such as Cool Roof Coating Products
Challenges
Problem lack of Awareness Regarding the Benefit of Cool Roof Coatings
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cool Roof Coating Study Sheds Light on
The Cool Roof Coating Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cool Roof Coating industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cool Roof Coating industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.