A coating is a cover that is applied on the surface of any object, usually referred to as a substrate. The coating may be applied for functional or decorative purposes. Roof refers to the top covering of a building. Cool roof coating is a combination of organic and inorganic chemistry that reflects, scatters or absorbs reflection. Cool roof coating saves the costs of the building owners and enhances the building enduring capacity. These coatings help in lowering the interior and roof surface temperature.
MARKET SCOPE
The "Global Cool Roof Coating Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Cool roof coating market with detailed market segmentation by product, application, and geography. The report provides key statistics on the market status of the leading Cool roof coating market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on product, the global cool roof coating market is segmented into elastomeric, ir reflector, and others
- Based on application, the global cool roof coating market is segmented into residential, commercial, and industrial.
MARKET DYNAMICS
Drivers:
- The ability of cool roof coatings to prevent structural deformity caused by severe temperature and reducing the heat built up in the building.
- Increased awareness regarding environmental benefits as well as energy-saving proffered by cool enamels.
Restraints:
- Rules and regulations by various government authorities and high cost of cool roof coating.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The cool roof coating market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cool roof coating market in these regions.
IMPACT OF COVID-19 ON COOL ROOF COATING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the cool roof coating market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from cool roof coating market are anticipated to lucrative growth opportunities in the future with the rising demand for cool roof coating in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cool roof coating market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M
- AnCatt
- BASF SE
- Excel Coatings
- GAF Materials Corporation
- Monarch Industries, Inc.
- Nutech Paint
- Protexion LLP
- Shouguang Fengyuan Commercial Co., Ltd.
- Sika Sarnafil
- The Valspar Corporation
- Weifang Hongxin Waterproof Material Co., Ltd.
- PPG Industries, Inc.
- Ancatt Inc.
- Nippon Paint Holdings Co. Ltd.
- PPG Industries Inc.
- The Sherwin-Williams Co.
- Research Frontiers, Inc.
- Debiotech SA.
- Huntsman International LLC
- Dow Inc
- Shenzhen Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.