The Global Passive Daytime Radiative Cooling Paint Market was valued at US$ 3.98 Million in 2025 and is projected to reach US$ 22.59 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period (2024–2034). This remarkable growth is being driven by increasing global demand for energy-efficient building solutions, stringent environmental regulations, and the accelerating adoption of sustainable cooling technologies to combat urban heat islands and reduce air conditioning dependency.

As the world focuses on decarbonization and energy conservation, the spotlight turns to the advanced materials companies pioneering next-generation coatings. These innovators are developing paints that reflect sunlight and emit heat, effectively cooling surfaces below ambient temperature without electrical input. In this blog, we profile the Top 10 Companies in the Passive Daytime Radiative Cooling Paint Industry—a mix of established chemical giants, specialized material science firms, and agile startups leading the charge in thermal management innovation.

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🔟 1. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: High-reflectivity cool roof coatings, advanced PDRC formulations

Nippon Paint, one of the world’s largest paint and coatings manufacturers, has a significant R&D focus on sustainable solutions. Their cool roof coatings division is actively developing advanced Passive Daytime Radiative Cooling (PDRC) paints with high Solar Reflectance Index (SRI) values, targeting the commercial and residential construction markets across Asia and globally.

Innovation Initiatives:

• Development of nano-particle infused coatings for superior reflectivity

• Strategic partnerships with building material suppliers and contractors

• Commitment to sustainable product portfolio expansion under ESG goals

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9️⃣ 2. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Dulux Cool & Comfort, specialty reflective coatings

AkzoNobel, a global leader in paints and performance coatings, offers innovative cooling solutions through its extensive product portfolio. The company’s research into PDRC technology focuses on durable, high-performance coatings that maintain their reflective properties over time, serving the architectural, industrial, and marine sectors.

Innovation Initiatives:

• Investment in bio-based and sustainable raw materials for coatings

• Development of colored PDRC paints to expand aesthetic options

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8️⃣ 3. i2Cool

Headquarters: Hong Kong, China
Key Offering: i2Cool Radiative Cooling Paint, customized PDRC solutions

i2Cool is a specialized technology company dedicated exclusively to radiative cooling solutions. Founded as a spin-off from university research, the company has developed proprietary PDRC paint formulations that achieve exceptional cooling performance, with field tests demonstrating significant temperature reduction and energy savings.

Innovation Initiatives:

• Pioneering research in polymer-based radiative cooling materials

• Custom formulations for specific climatic conditions and applications

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

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7️⃣ 4. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: PPG SUNPROOF®, CORAFLON® cool roof coatings

PPG Industries brings extensive expertise in coating technologies to the PDRC market. Their architectural and specialty coatings divisions are developing advanced formulations that combine high solar reflectance with excellent weatherability and durability, making them suitable for harsh environmental conditions.

Innovation Initiatives:

• Integration of PDRC technology into existing commercial roofing systems

• Focus on lifecycle cost analysis and ROI for building owners

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6️⃣ 5. Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: SHER-COOL®, high-reflectivity roof coatings

As a leading global paints and coatings corporation, Sherwin-Williams has made significant investments in cool roof technology. The company is advancing PDRC paint formulations that offer both immediate cooling benefits and long-term protection for building envelopes, with products certified by leading energy efficiency standards organizations.

Innovation Initiatives:

• Development of elastomeric PDRC coatings for various substrates

• Expansion of distribution networks for energy-efficient coating solutions

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5️⃣ 6. Azure Era Materials Technology Ltd.

Headquarters: Shenzhen, China
Key Offering: AzureERA Radiative Cooling Coating, industrial PDRC solutions

Azure Era specializes in advanced materials for energy efficiency applications. The company’s PDRC paint technology utilizes specialized fillers and binders to achieve high emissivity in the atmospheric window, making it particularly effective in reducing cooling loads for industrial facilities and large-scale commercial buildings.

Innovation Initiatives:

• Focus on scalable manufacturing processes for cost-effective production

• Applications in data center cooling and industrial heat management

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4️⃣ 7. SKSHU Paint Co., Ltd.

Headquarters: Shanghai, China
Key Offering: SKSHU Cool Coatings, architectural PDRC paints

SKSHU Paint is a major Chinese coatings manufacturer with growing expertise in energy-efficient building materials. The company has developed PDRC paint products specifically for the Asian market, addressing the region’s specific climatic challenges and building standards while maintaining competitive pricing.

Innovation Initiatives:

• Adaptation of PDRC technology for high-humidity environments

• Integration with building information modeling (BIM) systems

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3️⃣ 8. Aorun Advanced Materials Co., Ltd.

Headquarters: Suzhou, China
Key Offering: Aorun radiative cooling coatings, nano-material solutions

Aorun Advanced Materials focuses on nanotechnology applications in functional coatings. Their PDRC paint formulations incorporate engineered nanoparticles that enhance both solar reflectance and thermal emissivity, resulting in superior cooling performance compared to conventional cool roof coatings.

Innovation Initiatives:

• Research on multi-functional coatings with self-cleaning properties

• Collaborations with research institutions for technology validation

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

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2️⃣ 9. MG Energy & Environment

Headquarters: Dubai, United Arab Emirates
Key Offering: MG CoolCoat, specialized PDRC for hot climates

MG Energy & Environment has developed PDRC solutions specifically engineered for extreme hot climates prevalent in the Middle East and North Africa region. Their formulations address the challenge of maintaining cooling performance under intense solar radiation and high ambient temperatures.

Innovation Initiatives:

• Field testing and performance validation in desert conditions

• Development of application protocols for optimal performance

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1️⃣ 10. China State Construction Engineering Corporation (CSCEC)

Headquarters: Beijing, China
Key Offering: Integrated building envelope solutions with PDRC coatings

As one of the world’s largest construction engineering companies, CSCEC incorporates PDRC technology into its sustainable building projects. The company develops and specifies PDRC paints for large-scale infrastructure and building projects, driving adoption through its substantial market influence and project portfolio.

Innovation Initiatives:

• Integration of PDRC coatings in green building certification projects

• Development of standardized application specifications for contractors

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Passive Daytime Radiative Cooling Paint Market – View in Detailed Research Report

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🌍 Outlook: The Future of Building Cooling Is Passive and Intelligent

The Passive Daytime Radiative Cooling Paint market is experiencing transformative growth as building codes evolve and sustainability becomes a core consideration in construction and renovation projects. While traditional coatings still dominate the broader market, specialized PDRC paints are capturing significant attention for their ability to reduce energy consumption and mitigate urban heat island effects.

📈 Key Trends Shaping the Market:

• Integration of PDRC technology with smart building systems for optimized energy management

• Development of colored and transparent PDRC paints to expand architectural applications

• Growing regulatory support and incentives for cool roof installations in major cities worldwide

• Advancements in durability and weather resistance to extend service life and reduce maintenance

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

The companies leading this market are not just selling paint—they’re providing sustainable cooling solutions that reduce energy costs, decrease carbon emissions, and create more comfortable urban environments. As research continues and manufacturing scales, PDRC technology is poised to become a standard feature in the toolkit for combating climate change and building a more sustainable future.