Green Building Trends Drive Cool Roof Coatings Market Growth
• Global warming is increasing, affecting building performance and driving demand for energy-saving buildings and cool roof coatings to reduce heat expansion. This is a key growth driver.
• Government laws aim to develop green buildings and reduce energy costs by 40%, fueling growth of the cool roof coatings market.
• The construction industry's significant growth fuels demand in related sectors like cool roof coatings. This collaborative industry growth propels the market.
• Low-sloped roofs are a key market segment due to lower installation costs. Elastomeric coatings are popular due to longevity and withstanding adverse conditions.
• North America leads with 66.4% market share due to rising retrofitting projects. Europe holds 21.3% share given technological infrastructure advancement.