Favorable regulations and government support in the form of tax benefits and financial incentives are expected to propel product demand. Increasing awareness regarding energy savings as well as environmental benefits offered by cool enamels will play a vital role in market expansion. However, limitations associated with long-term durability of such coatings owing to usage of titanium dioxide as a critical ingredient is projected to remain a key challenge for market players. Advent of new polymers and resins with lower volatile organic compound (VOC) ratings are likely to contribute to product demand as an eco-friendly choice. Increasing efforts to reduce VOC limits in different geographies is expected to create ample opportunities for cool roof coatings as an alternative to meet stringent regulations.
A professional survey done by Research N Reports has formulated a report titled “Cool Roof Coating Market”, which instills a crisp idea of the influential aspects affecting the growth of the market. It gives the new entrants a clear idea of all the business strategies incorporated by the key players, which is helping them regulate their trade success. It serves a reliable business tool helping the reader to understand the global and domestic scope of the market. The report starts by explaining the importance of (application) in the Cool Roof Coating Market. The chain structure of the industry along with an industry news analysis has also been presented under this section of the study.
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Profiling Key players: DowDuPont, Nutech Paint, Huntsman International LLC, Nippon Paint (M) SDN.BHD, Akzo Nobel N.V., BASF SE, Sika AG, GAF Materials Corporation, PPG Industries Inc., and The Valspar Corporation, and others.
Key Findings from the Report:
- Global cool roof coating market demand is expected to increase by 7.4% per year from 2019 to 2024, reaching 78.5 million liters by 2024.
- According to the application, the slow slope segment dominated the global cool loop coating market with a share of over 65.0% in 2018.
- North America is expected to have a strong volume-based CAGR of 7.8% over the forecast period as raw materials are abundant and consumer preferences for green building initiatives increase.
- Asian countries like China and India are expected to witness significant growth over the forecast period due to rapid urbanization and increased infrastructure spending
- Some of the major companies in the industry are Dow Chemical Company, KST Coating, Valspar Corp., Sika Sarnafil, Nippon Paints, Monarch Industries and Nutech Paints.
In addition to corporate strategies, the Cool Roof Coating Market report also sheds light on significant factors that are working either as market driving or market restraining factors, thus hampering the progress of the industries. Moreover, in order to attain a higher economic outcome, the report also focuses on significant sales strategies to accelerate the process of company productivity. Moreover, the report addresses issues on competitive expansions such as research and development activities, online and offline activities, recent product launches, taken up by the leading key players across the globe.
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This report gives you knowledge of the following points:
- Market Penetration: Comprehensive data on item collection by top players in the market.
- Product Development / Innovation: Detailed knowledge of future advances, R & D activities and product dispatching in the market.
- Competitive appraisal: Ranking down the market system, geography and business sections of the major players in the market.
- Market development: Comprehensive data on market development. This report divides the market for other regions into an overall topographical map.
- Market diversification: Comprehensive data on new items, undiscovered topologies, late development and capital exposures in the market.
- To create a report, data is derived from paid and unpaid sources, such as presentations, white papers, journals, and press releases. Provides in-depth information from extensive primary and secondary research methods.
Table of Contents:
- Global Cool Roof Coating Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Cool Roof Coating Market Forecast
Conclusively, the report describes the performance of the key product and application segments in the Cool Roof Coating Market in each regional market. Likewise, the competitive dynamics of each regional market have been elaborated by providing information on the hierarchy among the major players operating within it. This provides a thorough and detailed analysis of the global market. The report also provides forecasts for 2014-2024 for each product, application and geographical segment of the global market.
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