The Global Passive Daytime Radiative Cooling (PDRC) Materials Market was valued at USD 19.67 Million in 2025 and is projected to reach USD 125 Million by 2034, growing at a remarkable Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period (2026–2034). This explosive growth is being driven by escalating global demand for energy-efficient building solutions, stringent green building regulations, and the urgent need to mitigate urban heat island effects across construction, warehousing, and industrial sectors.

As industries worldwide seek sustainable alternatives to energy-intensive air conditioning, the spotlight is on the advanced material innovators who are redefining thermal management. In this blog, we profile the Top 10 Companies in the Passive Daytime Radiative Cooling Materials Industry—a dynamic mix of established chemical giants, pioneering startups, and specialized manufacturers shaping the future of zero-energy cooling.

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🔟 1. 3M Company

Headquarters: Maplewood, Minnesota, USA
Key Offering: Advanced Multi-Layer Polymer Films, Specialty Coatings

3M is a global science and innovation leader, applying its deep expertise in materials science to develop high-performance PDRC films. Their research focuses on creating durable, scalable films that achieve exceptional solar reflectance and thermal emittance, making them suitable for a wide range of applications from commercial building envelopes to specialized industrial equipment.

Innovation Initiatives:

• Development of next-generation multi-layer optical films for maximum cooling performance

• Investing in scalable manufacturing processes to reduce production costs

• Collaborations with roofing manufacturers for integrated PDRC solutions

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9️⃣ 2. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: High-Reflectance Paints and Coatings

As a world-leading paints and coatings company, AkzoNobel leverages its vast formulation expertise and global distribution network to bring PDRC technology to the construction market. Their products are designed to be easily applied using standard methods, offering a practical solution for retrofitting existing buildings to improve energy efficiency.

Innovation Initiatives:

• Focus on developing durable, weather-resistant PDRC paints for harsh climates

• Integration of PDRC formulations into mainstream architectural coating portfolios

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8️⃣ 3. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: PDRC Paints, Industrial Coatings

Nippon Paint is a major global player in the coatings industry, with significant investments in R&D for sustainable building materials. The company is developing PDRC solutions tailored for the Asian market, focusing on high-humidity performance and compatibility with regional construction practices.

Innovation Initiatives:

• Development of anti-fouling PDRC coatings to maintain performance over time

• Expansion of PDRC product lines for both residential and commercial segments

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7️⃣ 4. SPACE COOL

Headquarters: California, USA
Key Offering: Proprietary Radiative Cooling Films

SPACE COOL is a technology company dedicated to commercializing advanced radiative cooling films. Their products are engineered to achieve sub-ambient cooling under direct sunlight, targeting applications in building cooling, automotive, and outdoor equipment thermal management.

Innovation Initiatives:

• Focus on creating films with high durability and weatherability

• Development of application-specific formulations for different industries

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6️⃣ 5. Azure Era Cool

Headquarters: Utah, USA
Key Offering: Radiative Cooling Paints and Coatings

Azure Era Cool specializes in producing high-performance PDRC paints that are easy to apply and provide significant cooling benefits. The company focuses on creating products that are accessible to a broad range of customers, from individual homeowners to large-scale commercial projects.

Innovation Initiatives:

• Development of cost-effective PDRC paint formulations

• Focus on real-world performance validation and case studies

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5️⃣ 6. i2Cool Limited

Headquarters: Hong Kong
Key Offering: Nanoparticle-Based PDRC Paints

i2Cool is an innovative startup that has developed a proprietary PDRC paint using advanced nanoparticle technology. The company’s focus is on creating highly efficient cooling solutions that are particularly suited for the hot and humid climates prevalent in Asia.

Innovation Initiatives:

• Development of anti-soiling formulations to maintain high reflectivity

• Expansion into new application areas such as textiles and data centers

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4️⃣ 7. MG Energy

Headquarters: China
Key Offering: PDRC Films and Composite Materials

MG Energy is a Chinese company focused on the development and manufacturing of PDRC materials, with a strong emphasis on the domestic construction market. The company benefits from China’s massive building sector and government support for energy-efficient technologies.

Innovation Initiatives:

• Scalable production of PDRC films for large-area applications

• Development of integrated solutions for building energy efficiency

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3️⃣ 8. Radi-Cool

Headquarters: Australia
Key Offering: Advanced PDRC Coatings

Radi-Cool is an Australian company developing innovative PDRC coatings designed for the harsh climatic conditions of the region. Their technology focuses on achieving high performance while maintaining durability against intense UV exposure and other environmental stressors.

Innovation Initiatives:

• Development of coatings with enhanced UV stability

• Focus on applications in extreme climate regions

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2️⃣ 9. Pirta

Headquarters: USA
Key Offering: Bio-inspired PDRC Materials

Pirta is focused on developing bio-inspired PDRC materials that mimic natural cooling mechanisms found in nature. The company’s approach leverages principles from biomimicry to create highly efficient and sustainable cooling solutions.

Innovation Initiatives:

• Research into biomimetic designs for enhanced cooling performance

• Development of environmentally friendly material formulations

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1️⃣ 10. Cryox

Headquarters: USA
Key Offering: High-Performance PDRC Films

Cryox specializes in creating advanced PDRC films with exceptional optical properties. The company’s technology focuses on achieving near-ideal radiative cooling performance through precise nanoscale engineering of material structures.

Innovation Initiatives:

• Development of films with ultra-high solar reflectance

• Focus on niche applications requiring maximum cooling performance

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

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🌍 Outlook: The Future of Cooling Is Passive and Sustainable

The Passive Daytime Radiative Cooling Materials market is undergoing a transformative shift. While traditional cooling methods still dominate energy consumption, the industry is rapidly adopting these innovative materials that offer zero-energy cooling solutions with significant environmental benefits.

📈 Key Trends Shaping the Market:

• Accelerated R&D into colored and aesthetic PDRC formulations for architectural integration

• Increasing regulatory mandates for cool roofs and energy-efficient buildings worldwide

• Advancements in nanoparticle technology enabling higher performance and durability

• Strategic partnerships between material developers and large-scale construction companies

🔬 Technological Advancements Driving Growth:

The market is witnessing significant innovations in material science that are making PDRC solutions more effective and accessible. Researchers are developing new formulations that achieve solar reflectance exceeding 96% while maintaining high thermal emittance in the atmospheric window. Companies are also focusing on improving the durability of these materials, ensuring they can withstand environmental challenges like UV degradation, precipitation, and pollution while maintaining their cooling performance over extended periods.

🏗️ Application Expansion Beyond Buildings:

While building cooling remains the primary application, PDRC materials are finding new uses across various sectors. The automotive industry is exploring these materials for reducing cabin temperatures and improving electric vehicle range. Data centers are investigating PDRC solutions to reduce cooling energy consumption. Even the textile industry is developing cooling fabrics based on radiative cooling principles for personal thermal comfort.

Read Full Report: Passive Daytime Radiative Cooling Materials Market – View in Detailed Research Report

The companies listed above are not only developing innovative cooling solutions—they’re pioneering a sustainable approach to thermal management that could significantly reduce global energy consumption and combat urban heat island effects.

📊 Market Challenges and Opportunities:

Despite the promising growth, the PDRC materials market faces several challenges. The relatively high cost of advanced formulations compared to conventional coatings remains a barrier to widespread adoption. Performance limitations in humid and cloudy climates also restrict the technology’s effectiveness in certain geographic regions. However, these challenges present opportunities for further innovation in cost-reduction strategies and climate-specific formulations.

The market opportunity is substantial, particularly as climate change increases cooling demands globally. Governments and corporations are increasingly prioritizing sustainability, creating favorable conditions for PDRC material adoption. The potential for integration with other green technologies, such as solar panels (where PDRC can prevent overheating and maintain efficiency), represents another significant growth avenue.

🌐 Regional Market Dynamics:

The Asia-Pacific region, led by China, dominates the PDRC materials market due to massive construction activity and strong government support for energy-efficient technologies. North America and Europe are also significant markets, driven by stringent building codes and high awareness of sustainability. Emerging economies in hot climates present substantial growth potential as they seek solutions to manage increasing cooling demands sustainably.

Read Full Report: Passive Daytime Radiative Cooling Materials Market – View in Detailed Research Report

As research continues and manufacturing scales up, Passive Daytime Radiative Cooling Materials are poised to become an essential component of sustainable building practices and climate adaptation strategies worldwide. The companies leading this charge are transforming how we think about cooling—moving from energy-intensive systems to smart, passive solutions that work in harmony with natural physical principles.