The Global Passive Radiative Cooling Paint Market was valued at USD 3.98 Million in 2025 and is projected to reach USD 22.59 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period (2024–2034). This explosive growth is driven by the escalating global demand for energy-efficient building solutions, stringent green building regulations, and the urgent need to mitigate urban heat island effects.

As the world prioritizes decarbonization and energy conservation, the spotlight is on advanced materials that deliver cooling without electricity. In this blog, we profile the Top 10 Companies in the Passive Radiative Cooling Paint Industry—a dynamic mix of established coatings giants and innovative startups pioneering the future of sustainable thermal management.

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🔟 1. i2Cool

Headquarters: Hong Kong
Key Offering: i2Cool Radiative Cooling Paint

i2Cool is a pioneering technology company dedicated to developing passive radiative cooling solutions. Their flagship paint is engineered to achieve exceptional solar reflectance and high thermal emittance, enabling surfaces to cool below ambient temperature without energy consumption. The company focuses on applications for buildings and outdoor structures to significantly reduce cooling energy demands.

Innovation Initiatives:

• Development of paints with solar reflectance exceeding 96%

• Focus on scalable manufacturing processes for broad adoption

• Research into enhancing durability and weather resistance

Download FREE Sample Report: Passive Radiative Cooling Paint Market – View in Detailed Research Report

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9️⃣ 2. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Nippon Paint Thermo-Shield & other advanced cooling coatings

As one of the largest paint manufacturers globally, Nippon Paint leverages its extensive R&D capabilities to develop high-performance radiative cooling paints. The company integrates advanced pigment technologies and polymer science to create coatings that effectively reflect solar heat and improve building energy efficiency across diverse climatic conditions.

Sustainability Initiatives:

• Investment in nanotechnology for superior reflectivity

• Development of eco-friendly, low-VOC formulations

• Global expansion of energy-saving coating solutions

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8️⃣ 3. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Dulux Weather Shield KeepCool & Interpon Cool Chemistry coatings

AkzoNobel, a global leader in paints and coatings, offers sophisticated radiative cooling solutions under its renowned brands. The company’s products are designed for both architectural and industrial applications, providing durable, high-performance cooling effects that contribute to significant reductions in energy consumption and carbon footprint.

Sustainability Initiatives:

• Commitment to carbon-neutral operations by 2030

• Continuous innovation in sustainable coating technologies

• Partnerships for large-scale sustainable urban development projects

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7️⃣ 4. Azure Era

Headquarters: Shenzhen, China
Key Offering: Azure CoolCoat radiative cooling paint

Azure Era is a specialized manufacturer focused on next-generation thermal management coatings. The company’s products are known for their high solar reflectance and effective passive cooling capabilities, targeting the construction and industrial sectors in China’s rapidly growing market.

Innovation Initiatives:

• Focus on cost-effective formulations for mass adoption

• Development of customized solutions for specific climate zones

• Expansion of product portfolio to include colored variants

Download FREE Sample Report: Passive Radiative Cooling Paint Market – View in Detailed Research Report

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6️⃣ 5. China State Construction Engineering Corporation (CSCEC)

Headquarters: Beijing, China
Key Offering: CSCEC Green Building Coatings, including radiative cooling paints

CSCEC, one of the world’s largest construction and engineering firms, develops and applies passive radiative cooling paints for its vast portfolio of building projects. The company integrates these advanced materials into its green building initiatives, leveraging its vertical integration from material production to construction.

Sustainability Initiatives:

• Integration of cooling paints into sustainable building standards

• Large-scale application in public infrastructure projects

• Research on long-term performance and durability in urban environments

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5️⃣ 6. Pirta

Headquarters: California, USA
Key Offering: Pirta Passive Cooling Coatings

Pirta is an innovative materials science company developing radiative cooling coatings for the North American market. The company focuses on creating products that are easy to apply and maintain, making advanced cooling technology accessible for commercial and residential use.

Innovation Initiatives:

• Development of user-friendly application systems

• Focus on aesthetic options beyond standard white coatings

• Partnerships with roofing and construction material suppliers

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4️⃣ 7. MG Energy

Headquarters: Shanghai, China
Key Offering: MG Energy Saving Coatings

MG Energy specializes in energy-efficient coating solutions, including a range of passive radiative cooling paints designed for industrial and commercial applications. The company’s products are engineered to withstand harsh environmental conditions while maintaining high cooling performance.

Innovation Initiatives:

• Development of high-durability formulations for industrial use

• Focus on cost-performance optimization

• Expansion into emerging markets with high cooling demand

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3️⃣ 8. Cryox

Headquarters: Texas, USA
Key Offering: Cryox Advanced Cooling Paints

Cryox is a technology startup focused on developing cutting-edge radiative cooling solutions for extreme climate conditions. The company’s research emphasizes maximizing the sub-ambient cooling effect through advanced material composition and nanostructure engineering.

Innovation Initiatives:

• R&D on metamaterials for enhanced radiative cooling

• Development of specialized formulations for specific substrates

• Collaboration with research institutions for technology validation

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2️⃣ 9. Aorun Advanced Materials

Headquarters: Guangzhou, China
Key Offering: Aorun Radiative Cooling Coating Systems

Aorun Advanced Materials is a specialized manufacturer focusing on high-performance functional coatings. The company’s radiative cooling paints are designed for integration into modern architectural systems, offering both energy savings and aesthetic flexibility.

Innovation Initiatives:

• Development of multi-functional coating systems

• Focus on compatibility with various building materials

• Expansion of product range to include transparent cooling coatings

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1️⃣ 10. SKSHU Paint Co., Ltd.

Headquarters: Shanghai, China
Key Offering: SKSHU Cool Roof and Facade Paints

SKSHU Paint is a major Chinese coatings manufacturer with a growing portfolio of energy-efficient products, including passive radiative cooling paints. The company leverages its extensive distribution network and manufacturing capability to bring cooling solutions to the mass market.

Sustainability Initiatives:

• Integration of cooling technology into standard product lines

• Focus on affordable solutions for residential applications

• Development of region-specific formulations for optimal performance

Get Full Report Here: Passive Radiative Cooling Paint Market – View in Detailed Research Report

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🌍 Outlook: The Future of Passive Radiative Cooling Paint Is Smarter and More Integrated

The passive radiative cooling paint market is undergoing a rapid transformation. While standard white high-reflectivity paints currently dominate, the industry is investing heavily in advanced formulations, colored variants, and integrated smart systems that will expand applicability across diverse sectors.

📈 Key Trends Shaping the Market:

• Development of colored and transparent radiative cooling paints for architectural integration

• Integration with IoT and smart building systems for optimized thermal management

• Expansion into automotive, aerospace, and specialized industrial applications

• Advancements in durability and self-cleaning properties for long-term performance

Get Full Report Here: Passive Radiative Cooling Paint Market – View in Detailed Research Report

The companies listed above are not only developing innovative coating solutions—they’re pioneering a sustainable approach to global cooling challenges that reduces energy consumption and carbon emissions.

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