Rockville, MD -- (SBWIRE) -- 07/22/2019 -- Fact.MR's report titled "Cool Roof Coating Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028," offered in-depth analysis on key dynamics, including growth determinants, impediments, opportunities, and trends, which have significant impact on prospects of the cool roof coating market. Size of the cool roof coating market has been evaluated in terms of volume (MT) and value (US$ Mn). A new Fact.MR study foresees promising growth prospects for the cool roof coating market, with a volume increase in 2018 over 2017 estimated at nearly 39,000 MT. Cool roof coatings have emerged as effective remedy to urbanization challenges, with elevating energy demand and scorching temperatures across tropical and subtropical regions. Additionally, cool roof coatings significantly aid in offsetting strain on electric grids owing to increasing demand for cooling and air conditioning abreast rising living standards.
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Increasing Palpability of Cool Roof Programs
As the housing and commercial construction activities continue to soar, the effect of "urban heat island" is getting worse against the backdrop of dark colored structured and streets, and lack of air-conditioned and green space. This has further supplemented energy demand and relevant cost in structures of commercial and residential sectors alike.
"Steep-sloped roofs are majorly observed in individual homes, particularly in countries with high snowfall and rainfall. Lower maintenance required in these in light of their structural advantage has resulted in comparatively lower penetration of cool roof coatings than in low-sloped roofs. However, the advent of advanced techniques and quick-drying colored coatings have attracted various consumers to use cool roof coatings, to curtail expenditure on energy in summers," says a lead analyst at Fact.MR.
Key segments of the cool roof coating market have been identified and represented in the report systematically by using a taxonomy table. The report splits the cool roof coating market primarily into 5 key segments, namely, roof type, material, technology, application, and region. Low slope and steep slope are two key types of cool roof coating studied in the report. Based on technology, the cool roof coating market has been bifurcated into solvent-based cool roof coating and water-based cool roof coating.
Air Sealing – Effective Alternative to Cool Roof Coating
Air sealing have gained significant traction as an effective alternative to cool roof coating, as proper sealing of attic floor and ceiling with weatherstripping and insulation prevents air leakage from interior of spaces. The Department of Energy states that attics offer the best opportunities for improving the energy efficiency in the residential spaces. Additionally, some air sealing methods such as weatherstripping and caulking enable do-it-yourself installment, thereby resulting in additional cost saving for consumers. However, inadequate ventilation and trapped moisture continue to remain key concerns associated with air sealing.
Fact.MR's unique research approach ensures credibility of the data obtained and statistics derived, which in turn offers readers with accurate information, and authentic data on the cool roof coating market. Scope of the cool roof coating market report is to deliver precise intelligence and valuable insights on the cool roof coating market, thereby enabling clients to make proper decision for future growth of their businesses in the cool roof coating market.
Competitive Landscape
Fact.MR's study on the cool roof coatings market delivers important information on the demand & supply trends of cool roof coatings across the globe, coupled with a scrutinized assessment on competition landscape of the cool roof coatings market. Exhaustive analysis on leading and emerging players in the cool roof coatings market is offered in the report, which involves company overview, product overview, key financials and recent developments.
Key Developments of Cool Roof Coating Market Players
The Sherwin Williams Company has introduced its "Kool Seal 7 Year Elastomeric Roof Coating", which is 100% acrylic & reflective cool roof coating. This cool roof coating has the ability to contract and expand with the roof.
GAF's recently introduced cool roof coating, called "United CoatingsTM," is claimed by the company to provide incomparable long-term reflectivity for a broad range of roofing substrates. Low VOC content and water-based nature of this cool roof coating by GAF offers enhanced consistency and flexibility to roof surfaces.
"CERAM-A-STAR 1050", a silicone-modified polyester cool roof coating system, introduced by Akzo Nobel is designed particularly for metal construction industry. This is also available in Akzo Nobel's COOL CHEMISTRY Series, which acts as sustainable building material by reducing air conditioning costs, peak energy demand, and mitigates the urban heat island effect.
Additional Questions Answered
The report provides answers to other imperative questions on the cool roof coatings market, apart from insights offered above.
What is the revenue comparison between water-based cool roof coating and solvent-based cool roof coating?
Which material is preferred for production of cool roof coating?
Where does cool roof coating find the largest application?
What will be the volume share of low sloped cool roof coating in 2018?
Which region will be the most lucrative for cool roof coating market growth?
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