DUBLIN, Ireland – A new Fact.MR study foresees promising growth prospects for the cool roof coatings market, with a volume increase in 2018 over 2017 estimated at nearly 39,000 metric tons. Cool roof coatings have emerged as an effective remedy to urbanization challenges, which include elevating energy demand and scorching temperatures across tropical and subtropical regions. Additionally, cool roof coatings help to offset the strain on electric grids as rising living standards increase the demand for cooling and air conditioning.
Elastomeric plastic has traditionally reigned supreme among roofing materials in the cool roof coatings market. Over 6 in 10 metric tons of cool roof coatings are from these roofing materials, with global sales estimated at over 400,000 metric tons in 2018. The relative superiority of elastomeric plastic in terms of performance over its counterparts, such as tiles and metal, continues to underpin its supremacy in the cool roof coatings market.