High SRI Coatings Market Trends and Forecast
The future of the global high SRI coatings market looks promising with opportunities in the commercial building and residential markets. The global high SRI coatings market is expected to grow with a CAGR of 7.3% from 2024 to 2030. The major drivers for this market are enhanced energy efficiency and reduced cooling costs, growing demand for sustainable and eco-friendly building materials, and stringent government regulations on building energy performance.
• Lucintel forecasts that acrylic coating is expected to witness the highest growth over the forecast period.
• Within this market, commercial building is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the High SRI Coatings Market
• United States: PPG Industries announced a target to increase the production capacity of high SRI coatings by 20% by 2025, supported by a $15 million investment in their Pennsylvania plant. The US government is promoting energy-efficient building materials through tax incentives.
• Germany: BASF SE launched a new line of high SRI coatings aimed at the automotive sector, projected to reduce vehicle heat absorption by 30%. The German government has introduced subsidies for companies adopting sustainable coating technologies.
• China: AkzoNobel announced a partnership with local construction firms to implement high SRI coatings in major urban projects, with a goal to reduce energy consumption by 10% in buildings. The Chinese government has set regulations mandating the use of high SRI coatings in public infrastructure projects.
• India: Asian Paints introduced a new range of high SRI coatings specifically for residential buildings, aiming for a market penetration increase of 15% within two years. The Indian government supports this initiative through green building certification programs and incentives for sustainable construction materials.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
High SRI Coatings Market by Segment
The study includes a forecast for the global high SRI coatings market by type, application, and region.
High SRI Coatings Market by Type [Value from 2018 to 2030]:
• Acrylic Coatings
• PVDF Coatings
• Aluminum Coatings
• Others
High SRI Coatings Market by Application [Value from 2018 to 2030]:
• Commercial Building
• Residential
High SRI Coatings Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of High SRI Coatings Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high SRI coatings companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high SRI coatings companies profiled in this report include-
• Indian Insulation and Engineering
• PPG
• Sherwin-Williams
• Gardner-Gibson
• Dow
• Jotun
• GAF
Recent Development in the High SRI Coatings Market
• AkzoNobel: AkzoNobel launched a new range of high Solar Reflective Index (SRI) coatings designed to reduce energy consumption in buildings. These coatings reflect more sunlight, reducing heat absorption and lowering cooling costs.
• PPG Industries: PPG Industries introduced its innovative high SRI coating technology aimed at enhancing the energy efficiency of commercial and residential buildings. This new product line is part of PPGÄX%$%Xs broader sustainability efforts.
• Sherwin-Williams: Sherwin-Williams expanded its high SRI coating offerings with the introduction of a new eco-friendly product. This development aligns with their commitment to providing sustainable building solutions that help reduce urban heat islands.
• BASF: BASF announced the development of advanced high SRI coatings that not only improve energy efficiency but also offer enhanced durability and resistance to weathering. These coatings are targeted at both industrial and architectural applications.
• RPM International: RPM InternationalÄX%$%Xs subsidiary, Tremco, launched a series of high SRI roof coatings designed to extend the life of roofing systems while significantly improving their thermal performance. This initiative is part of RPMÄX%$%Xs strategy to provide sustainable and energy-efficient building solutions.
Features of the Global High SRI Coatings Market
Market Size Estimates: High SRI coatings market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: High SRI coatings market size by type, application, and region in terms of value ($B).
Regional Analysis: High SRI coatings market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the high SRI coatings market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high SRI coatings market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for high SRI coatings market?
Answer: The global high SRI coatings market is expected to grow with a CAGR of 7.3% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the high SRI coatings market?
Answer: The major drivers for this market are enhanced energy efficiency and reduced cooling costs, growing demand for sustainable and eco-friendly building materials, and stringent government regulations on building energy performance.
Q3. What are the major segments for high SRI coatings market?
Answer: The future of the high SRI coatings market looks promising with opportunities in the commercial building and residential markets.
Q4. Who are the key high SRI coatings market companies?
Answer: Some of the key high SRI coatings companies are as follows:
• Indian Insulation and Engineering
• PPG
• Sherwin-Williams
• Gardner-Gibson
• Dow
• Jotun
• GAF
Q5. Which high SRI coatings market segment will be the largest in future?
Answer: Lucintel forecasts that acrylic coating is expected to witness the highest growth over the forecast period.
Q6. In high SRI coatings market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high SRI coatings market by type (acrylic coatings, PVDF coatings, aluminum coatings, and others), application (commercial building and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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