Cool Roof Coating Market Will Grow At A Significant CAGR Of 7.0% In Future
Global cool roof coating market is expected to reach USD 5.41 billion by 2025. Cool roof coating is a white or bright colored coating that absorbs less heat, reduces energy consumption, and reflects more sunlight. The cool roof coating market is estimated to grow at a significant CAGR of 7.0% over the forecast period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the growth of cool roof coating market are the increasing construction activities across the globe, the rising use of green roof coating technology, and rise in R&D activities. However, issues related to the long-term durability of cool roof coatings are likely to restrain overall market growth in the years to come. Cool roof coating industry is segmented based on product type, application, end-user, and region. IR reflective/colored and elastomeric/white are the product types that could be explored in cool roof coating in the forec...