The Global Electricity-free Cooling Materials Market was valued at USD 19.67 Million in 2025 and is projected to reach USD 125 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period (2024–2034). This explosive growth is being driven by the urgent global demand for energy-efficient building solutions, stringent sustainability regulations, and the need to mitigate urban heat island effects through innovative Passive Radiative Cooling (PRC) technologies.

As the construction and industrial sectors accelerate their transition toward net-zero operations, the focus intensifies on material innovators who are delivering solutions that cool surfaces without electrical input. In this blog, we profile the Top 10 Companies in the Electricity-free Cooling Materials Industry—a dynamic mix of multinational chemical giants, specialized coating developers, and agile startups shaping the future of sustainable thermal management.

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🔟 1. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Advanced Radiative Cooling Films, Multi-layer Polymer Coatings

3M is a global science-based company leveraging its extensive expertise in materials science to develop high-performance passive cooling films. Their products are designed for building integration and electronic equipment, utilizing proprietary multilayer optical film technology to achieve exceptional solar reflectance and thermal emittance.

Innovation Initiatives:

• Development of durable, weatherable films for long-term outdoor applications

• Research into scalable manufacturing processes for large-area deployment

• Focus on compatibility with existing construction and retrofitting practices

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9️⃣ 2. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Cool Roof Paints, Sustainable Architectural Coatings

AkzoNobel, a leading global paints and coatings company, offers a range of electricity-free cooling solutions primarily through its high-reflectance roof coatings. Their products are engineered to reduce surface temperatures significantly, lowering cooling energy demands in commercial and industrial buildings.

Innovation Initiatives:

• Integration of novel pigment technologies for enhanced solar reflectance

• Development of coatings with improved dirt pickup resistance to maintain performance

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8️⃣ 3. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Nippon Paint Thermo-Shield, Energy-Saving Coatings

Nippon Paint is a major force in the Asia-Pacific region, developing advanced cooling coatings that reflect infrared radiation. Their Thermo-Shield and similar product lines are widely used in temperature-sensitive markets, contributing to energy conservation in buildings.

Innovation Initiatives:

• Expansion of product portfolio to include colored cooling coatings

• Strategic focus on the high-growth Asian construction market

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7️⃣ 4. SPACE COOL

Headquarters: United States
Key Offering: Scalable Radiative Cooling Films and Coatings

SPACE COOL is an innovative company focused on developing and commercializing highly efficient passive radiative cooling materials. Their technology is designed for ease of application on various surfaces, offering a practical solution for reducing cooling loads.

Innovation Initiatives:

• Focus on achieving sub-ambient cooling under direct sunlight

• Development of materials suitable for both residential and industrial scales

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Electricity-free Cooling Materials Market – View in Detailed Research Report

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6️⃣ 5. i2Cool

Headquarters: Hong Kong
Key Offering: i2Cool Paint, Passive Daytime Radiative Cooling (PDRC) Solutions

i2Cool is a prominent startup that has developed a super-white paint capable of achieving significant sub-ambient cooling effects. Their award-winning technology is based on research from the City University of Hong Kong and is gaining traction for building energy efficiency.

Innovation Initiatives:

• Commercialization of a paint that reflects over 95% of solar radiation

• Applications spanning buildings, data centers, and telecommunications infrastructure

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5️⃣ 6. Radi-Cool

Headquarters: Australia
Key Offering: Metamaterial-based Radiative Cooling Films

Radi-Cool specializes in advanced metamaterials engineered for ultra-efficient passive cooling. Their films are designed to be effective across various climatic conditions, making them suitable for global deployment.

Innovation Initiatives:

• Utilization of photonic structures for precise thermal management

• Focus on creating products that perform reliably in humid environments

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4️⃣ 7. Azure Era

Headquarters: Hong Kong
Key Offering: Eco-friendly Cooling Coatings and Materials

Azure Era is dedicated to developing sustainable materials that reduce urban heat and energy consumption. Their solutions are tailored for the built environment, helping cities combat the urban heat island effect.

Innovation Initiatives:

• Emphasis on environmentally friendly formulations

• Targeting applications in green building and smart city projects

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3️⃣ 8. MG Energy

Headquarters: China
Key Offering: Industrial-grade Passive Cooling Solutions

MG Energy focuses on providing electricity-free cooling materials for industrial applications, including warehousing and energy facilities. Their products are designed to withstand harsh conditions while delivering consistent cooling performance.

Innovation Initiatives:

• Development of robust coatings for industrial asset protection

• Cost-effective solutions aimed at large-scale industrial users

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2️⃣ 9. SKSHU Paint Co., Ltd.

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

SKSHU Paint is a major Chinese coating manufacturer with a strong focus on energy-efficient products. Their cool roof coatings are widely adopted in China’s massive construction sector to meet building energy codes.

Innovation Initiatives:

• Alignment with China’s national energy efficiency and carbon reduction goals

• Extensive distribution network across China and neighboring countries

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1️⃣ 10. Aorun Advanced Materials

Headquarters: China
Key Offering: Nanomaterial-enhanced Cooling Coatings

Aorun Advanced Materials specializes in incorporating nanotechnology to enhance the performance of passive cooling coatings. Their advanced formulations aim to push the boundaries of reflectance and durability.

Innovation Initiatives:

• Research into nanoparticle-based formulations for superior thermal properties

• Focus on creating versatile products for diverse climatic zones

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Electricity-free Cooling Materials Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cooling Is Passive and Intelligent

The electricity-free cooling materials market is undergoing a radical transformation. While traditional HVAC systems still dominate, the industry is witnessing unprecedented investment in passive cooling technologies, advanced material formulations, and scalable manufacturing processes.

📈 Key Trends Shaping the Market:

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

• Regulatory mandates for cool roofs and building energy efficiency driving mainstream adoption

• Integration with smart building systems for hybrid cooling management

• Strategic partnerships between material developers and construction industry leaders

Get Full Report Here:
Electricity-free Cooling Materials Market – View in Detailed Research Report

The companies listed above are not only cooling our buildings and cities—they’re fundamentally redefining energy efficiency for a sustainable future.