Top 10 Companies in the Radiation Cooling Paint Industry (2024): Market Leaders Driving Energy Efficiency

In Business Insights
June 01, 2025

The Global Radiation Cooling Paint Market was valued at USD 265.4 Million in 2024 and is projected to reach USD 425.8 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period (2024–2030). This growth is fueled by stricter energy efficiency regulations, rising urban heat island effects, and accelerating adoption in commercial construction sectors worldwide.

As industries transition toward sustainable cooling solutions, radiation cooling paints are emerging as a game-changing technology. In this analysis, we profile the Top 10 Radiation Cooling Paint Companies – innovators developing advanced formulations that reduce surface temperatures by up to 8°C while cutting building energy consumption.


🔟 1. Applynano Solutions

Headquarters: Santa Clara, California, USA
Key Offering: Nano-enhanced radiation cooling coatings

Applynano leads in nanotechnology-driven cooling solutions, with proprietary formulations that achieve 95% solar reflectance. Their products are widely used in semiconductor facilities and data center cooling applications.

Innovation Highlights:

  • Patent-pending ceramic nano-composite technology

  • High-temperature resistance up to 600°C

  • Strategic partnerships with major construction firms

Download FREE Sample Report: Global Radiation Cooling Paint Market – View in Detailed Research Report


9️⃣ 2. APS Materials

Headquarters: Dayton, Ohio, USA
Key Offering: AeroShield radiation coatings

APS Materials specializes in high-performance coatings for industrial applications, with radiation cooling products that reduce HVAC loads by up to 40% in commercial buildings.

Innovation Highlights:

  • Military-grade durability formulations

  • 10-year performance warranties


8️⃣ 3. Okitsumo

Headquarters: Tokyo, Japan
Key Offering: CoolCoat radiation paint series

Okitsumo dominates the Asian market with advanced cooling paints that maintain efficacy in high-humidity environments – a critical advantage for tropical climates.

Innovation Highlights:

  • Moisture-resistant formulations

  • Solar reflectance index (SRI) exceeding 110


7️⃣ 4. HZO

Headquarters: Raleigh, North Carolina, USA
Key Offering: SmartCool advanced coatings

HZO’s radiation cooling paints combine passive cooling with active thermal management properties, making them ideal for precision manufacturing environments.

Innovation Highlights:

  • Dynamic emissivity adjustment

  • IoT-enabled temperature monitoring systems

Download FREE Sample Report: Global Radiation Cooling Paint Market – View in Detailed Research Report


6️⃣ 5. Graphene Manufacturing Group

Headquarters: Brisbane, Australia
Key Offering: Graphene-based cooling paints

This innovator leverages graphene’s unique properties to create radiation cooling paints with exceptional thermal conductivity and durability.

Innovation Highlights:

  • Ultra-thin application (200 micron)

  • Self-cleaning properties


5️⃣ 6. Bonehead Performance

Headquarters: McDonough, Georgia, USA
Key Offering: Thermal dispersion coatings

Originally serving the automotive sector, Bonehead now provides specialized radiation cooling solutions for industrial equipment and commercial roofing.

Innovation Highlights:

  • Extreme temperature formulations (-40°C to 260°C)

  • Fast-curing technology


4️⃣ 7. Cerakote

Headquarters: Columbia City, Indiana, USA
Key Offering: Ceramic-based cooling coatings

Cerakote’s high-performance ceramic formulations provide superior radiation cooling for industrial and architectural applications.

Innovation Highlights:

  • Superhydrophobic surface properties

  • Chemical resistance to industrial pollutants


3️⃣ 8. Ruipeim Smart Coating

Headquarters: Shanghai, China
Key Offering: Color-matched cooling paints

Ruipeim has solved the aesthetic challenge of radiation cooling technology by developing colored versions that maintain 90% of standard product performance.

Innovation Highlights:

  • Architectural color palette availability

  • Urban heat island mitigation focus


2️⃣ 9. Surface Technology

Headquarters: Dronfield, UK
Key Offering: Industrial radiation coatings

This European specialist provides cooling solutions for high-temperature industrial processes, from foundries to power generation.

Innovation Highlights:

  • Operational at 800°C+ environments

  • Corrosion-resistant formulations


1️⃣ 10. Morion

Headquarters: Moscow, Russia
Key Offering: Arctic-series cooling paints

Morion has developed radiation cooling technologies specifically engineered for extreme cold climates that also experience summer heat waves.

Innovation Highlights:

  • Thermal cycling durability

  • Winter-summer performance optimization

Read Full Report: Global Radiation Cooling Paint Market – View in Detailed Research Report


🌍 Market Outlook: The Future of Cooling is Passive and Smart

The radiation cooling paint sector is entering a phase of accelerated innovation, with technologies evolving beyond simple reflective coatings to intelligent thermal management systems.

📈 Key Market Trends:

  • Material science breakthroughs in metamaterials and nano-coatings

  • Integration with smart building management systems

  • Growing adoption in emerging markets with extreme climates

  • Increasing regulatory requirements for building energy efficiency

Read Full Report: Global Radiation Cooling Paint Market – View in Detailed Research Report

The companies profiled above are at the forefront of transforming how we manage heat in built environments – making buildings more energy efficient while combating urban heat effects.