The Global Passive Radiant Cooling Coatings 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 (2026–2034). This exceptional growth is driven by escalating global temperatures, rising energy costs, and stringent building energy codes that favor solutions reducing urban heat islands and cooling energy consumption.

As the construction and industrial sectors intensify their focus on energy efficiency and sustainability, advanced materials that passively cool surfaces are gaining prominence. In this blog, we profile the Top 10 Companies in the Passive Radiant Cooling Coatings Industry—a combination of established chemical giants and pioneering material science firms shaping the future of thermal management.

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🔟 1. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Weathercoat Cool, Dulux Protective Coatings, Sustainable Cool Roof Solutions

AkzoNobel is a global leader in paints and coatings, with a strong portfolio in high-performance passive cooling solutions. The company’s dedicated cool roof coatings are engineered to reflect sunlight and emit thermal radiation, significantly reducing surface temperatures and cooling energy demands for buildings and industrial assets.

Sustainability Initiatives:

• Development of water-based, low-VOC formulations for environmental compliance

• Partnerships with major construction firms to integrate cooling coatings into sustainable building projects

• Committed to achieving carbon neutrality across its operations by 2050

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Passive Radiant Cooling Coatings Market – View in Detailed Research Report

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9️⃣ 2. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Nippon Paint Protec Cool, Heat Reflective Coatings

Nippon Paint is a major force in the Asian coatings market, with advanced R&D capabilities focused on thermal management. The company offers a range of passive radiant cooling coatings that provide high solar reflectance and durability for commercial roofs, industrial facilities, and residential buildings.

Sustainability Initiatives:

• Investment in nanotechnology to enhance the longevity and performance of cooling coatings

• Expansion of cool roof product lines to meet growing demand in tropical and subtropical climates

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8️⃣ 3. i2Cool Limited

Headquarters: Hong Kong, China
Key Offering: i2Cool Radiant Cooling Paint, Advanced Nano-ceramic Coatings

i2Cool is an innovative startup specializing in next-generation passive radiant cooling technologies. The company’s flagship product leverages a proprietary nanomaterial formulation that achieves sub-ambient cooling, making it highly effective even in high-humidity environments where traditional cool roofs struggle.

Sustainability Initiatives:

• Pioneering research in radiative cooling materials that do not require energy input

• Collaborations with universities and research institutions for continuous product enhancement

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7️⃣ 4. Azure Era Technology (Shenzhen) Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Azure Cool Coat, Radiative Cooling Films and Paints

Azure Era is a technology company focused on developing and commercializing passive cooling materials. Its coatings are designed to achieve high solar reflectance and strong mid-infrared emission, providing a sustainable solution for building cooling and energy savings.

Sustainability Initiatives:

• Focus on scalable manufacturing processes to reduce production costs

• Targeting applications in data centers and telecommunications infrastructure for critical cooling needs

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6️⃣ 5. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: PPG SUNPROOF™ Cool Roof Coatings, Coraflon Coatings

PPG is a leading global supplier of paints, coatings, and specialty materials. Its passive cooling offerings are part of a broader portfolio of building envelope solutions designed to improve energy efficiency and extend the life of roofing systems.

Sustainability Initiatives:

• Development of fluoropolymer-based coatings for superior weatherability and sustained reflectivity

• Commitment to providing products that contribute to LEED and other green building certifications

Download FREE Sample Report:
Passive Radiant Cooling Coatings Market – View in Detailed Research Report

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5️⃣ 6. The Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Sherwin-Williams SHER-COAT®, KoolKote Reflective Coatings

Sherwin-Williams offers a comprehensive range of high-performance coatings, including advanced passive radiant cooling solutions for commercial and industrial roofs. Their products are formulated to resist dirt pick-up and maintain high solar reflectance over time.

Sustainability Initiatives:

• Extensive product testing for durability and performance under various climatic conditions

• Integration of cooling coatings into building maintenance and retrofit programs

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4️⃣ 7. Aorun Advanced Materials Co., Ltd.

Headquarters: Guangzhou, China
Key Offering: Aorun Radiant Cooling Coatings, Insulating Nano-Coatings

Aorun Advanced Materials specializes in the research, development, and production of functional coatings. The company’s passive radiant cooling products are gaining traction in the Chinese market for their effectiveness in reducing surface temperatures and mitigating urban heat island effects.

Sustainability Initiatives:

• Focus on developing colored cooling coatings to meet architectural aesthetics without compromising performance

• Active participation in China’s green building material standardization efforts

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3️⃣ 8. SKSHU Paint Co., Ltd.

Headquarters: Shanghai, China
Key Offering: SKSHU Cool Roof Coatings, Architectural Energy-Saving Coatings

SKSHU Paint is a major Chinese coatings manufacturer with a growing portfolio of energy-efficient building materials. The company is investing in the development of passive cooling technologies to serve the massive construction market in Asia.

Sustainability Initiatives:

• Expansion of production capacity for environmentally friendly coating products

• Strategic focus on residential and commercial building sectors for energy retrofit applications

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2️⃣ 9. Beixin Jiabaoli Coatings Co., Ltd.

Headquarters: Tianjin, China
Key Offering: BJBL Reflective Coatings, Industrial Thermal Management Coatings

Beixin Jiabaoli is a specialized coatings producer with expertise in functional and protective coatings. The company has developed passive radiant cooling formulations aimed at industrial applications, such as storage tanks and factory roofs, where heat management is critical.

Sustainability Initiatives:

• R&D in coatings that combine corrosion protection with passive cooling properties

• Targeting energy-intensive industries for reducing operational cooling costs

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1️⃣ 10. First New Material Technology Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: FNM Radiant Cooling Paints, Specialty Functional Coatings

First New Material Technology focuses on innovative coating solutions for various industrial sectors. The company is emerging as a significant player in the passive radiant cooling space, particularly within the Chinese market, by offering cost-effective and efficient cooling coatings.

Sustainability Initiatives:

• Development of products that align with China’s dual carbon goals (carbon peak and carbon neutrality)

• Exploration of new application areas, including transportation and renewable energy infrastructure

Get Full Report Here:
Passive Radiant Cooling Coatings Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cooling Is Passive and Intelligent

The passive radiant cooling coatings market is undergoing a rapid transformation. While traditional insulation and active cooling systems still dominate, the industry is investing significantly in advanced material science, smart integration, and sustainable formulations.

📈 Key Trends Shaping the Market:

• Accelerated R&D in nanomaterials and photonic structures for enhanced cooling performance

• Regulatory push for cool roofs and energy-efficient building codes in major economies

• Integration of cooling coatings with IoT sensors for smart building energy management

• Strategic partnerships between coating manufacturers and construction companies for system-level solutions

Get Full Report Here:
Passive Radiant Cooling Coatings Market – View in Detailed Research Report

The companies listed above are not only providing innovative cooling solutions—they are actively redefining energy efficiency in the built environment.