The Global Passive Daytime Radiative Cooling (PDRC) Materials Market was valued at USD 19.67 Million in 2025 and is projected to reach USD 100 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 24.0% during the forecast period (2025–2034). This remarkable growth is being driven by escalating global demand for energy-efficient building solutions, stringent environmental regulations, and the urgent need to mitigate the urban heat island effect across commercial, industrial, and residential sectors.

As the world accelerates its transition toward sustainable and low-carbon cooling technologies, the focus shifts to the innovative material science companies developing advanced coatings, films, and paints that cool surfaces without energy consumption. In this blog, we profile the Top 10 Companies in the Passive Daytime Radiative Cooling (PDRC) Materials Industry—a dynamic mix of established chemical giants, specialized technology pioneers, and regional leaders shaping the future of thermal management.

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🔟 1. 3M

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Multilayer Optical Films, Advanced Ceramic Microspheres for PDRC Paints

3M is a global science and materials innovation leader, leveraging its deep expertise in optics, adhesives, and ceramics to develop high-performance PDRC solutions. The company’s advanced films and additive technologies enable paints and coatings to achieve exceptional solar reflectance and thermal emissivity, making them suitable for a wide range of commercial roofing and building envelope applications.

Sustainability & Innovation Initiatives:

• Development of next-generation PDRC film technologies with over 96% solar reflectivity

• Strategic focus on integrating PDRC materials into broader building energy efficiency solutions

• Committed to achieving carbon neutrality across its operations by 2050

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

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9️⃣ 2. AkzoNobel

Headquarters: Amsterdam, Netherlands
Key Offering: PDRC Paints, Cool Roof Coatings

AkzoNobel, a leading global paints and coatings company, is at the forefront of developing PDRC paint formulations for the construction industry. Their research focuses on creating durable, high-solar-reflectance coatings that can significantly reduce surface temperatures and lower cooling energy demands for buildings in hot climates.

Sustainability & Innovation Initiatives:

• Development of bio-based and low-VOC PDRC coating formulations

• Piloting PDRC solutions for large-scale infrastructure projects in partnership with urban developers

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8️⃣ 3. SPACE COOL

Headquarters: California, USA
Key Offering: SPACE COOL Radiative Cooling Paint

SPACE COOL is a specialized technology company dedicated exclusively to radiative cooling solutions. Their flagship paint product is engineered to achieve sub-ambient cooling, reflecting over 98% of sunlight and strongly emitting thermal radiation in the atmospheric window. The company targets commercial and industrial roofing applications to deliver substantial energy savings.

Sustainability & Innovation Initiatives:

• Focus on real-world performance validation and large-scale commercial deployment

• Ongoing R&D to enhance paint durability and self-cleaning properties for long-term efficacy

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7️⃣ 4. Azure Era

Headquarters: Utah, USA
Key Offering: Azure Cool Coatings

Azure Era develops innovative coatings that leverage passive radiative cooling principles. Their products are designed for easy application on various surfaces, including rooftops and building facades, to provide a sustainable alternative to energy-intensive air conditioning systems, particularly in sun-drenched regions.

Sustainability & Innovation Initiatives:

• Development of cost-effective PDRC solutions for residential and small commercial applications

• Active participation in industry consortia to establish performance standards for radiative cooling materials

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6️⃣ 5. i2Cool

Headquarters: Hong Kong
Key Offering: i2Cool Radiative Cooling Paint

i2Cool is an innovator in PDRC technology, originating from research at the City University of Hong Kong. The company’s paint formulation is designed to achieve high cooling performance in the high-humidity conditions typical of subtropical and tropical climates, a significant technical challenge in the field.

Sustainability & Innovation Initiatives:

• Specialization in PDRC solutions optimized for humid environments

• Expansion into the Asian market, targeting green building projects and urban heat island mitigation

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

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5️⃣ 6. Nippon Paint

Headquarters: Osaka, Japan
Key Offering: PDRC Coatings for Buildings and Infrastructure

Nippon Paint, one of the largest paint manufacturers in Asia, is actively developing its portfolio of PDRC coatings. The company utilizes its extensive R&D capabilities and distribution network to introduce energy-saving cooling paints to the construction markets across Asia-Pacific and beyond.

Sustainability & Innovation Initiatives:

• Integration of PDRC technology into existing premium coating product lines

• Focus on product durability and weatherability to meet the demands of diverse climatic zones

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4️⃣ 7. MG Energy

Headquarters: China
Key Offering: PDRC Films and Coatings

MG Energy is a key player in the Chinese market, focusing on the development and manufacturing of PDRC materials. The company is capitalizing on China’s massive construction sector and national push for building energy efficiency, positioning itself as a leading domestic supplier of advanced cooling solutions.

Sustainability & Innovation Initiatives:

• Scaling up manufacturing capacity to meet growing domestic demand

• Collaboration with research institutions to advance film-based PDRC technologies

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3️⃣ 8. Radi-Cool

Headquarters: Australia
Key Offering: Radi-Cool Paints and Coatings

Radi-Cool is an Australian company specializing in radiative cooling paint technologies. Their products are engineered to perform effectively under the harsh solar conditions of Australia, offering a viable solution for reducing energy costs and improving comfort in residential and commercial buildings.

Sustainability & Innovation Initiatives:

• Tailoring products for extreme solar exposure and specific regional climatic challenges

• Engagement in demonstration projects to showcase real-world energy savings and performance

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2️⃣ 9. Aorun Advanced Materials

Headquarters: China
Key Offering: Advanced PDRC Composite Materials

Aorun Advanced Materials focuses on the research and production of high-tech PDRC composites. The company invests heavily in material science to create products that offer superior and consistent cooling performance, targeting both the construction and specialized industrial sectors.

Sustainability & Innovation Initiatives:

• Development of multifunctional composites that combine cooling with other properties like water resistance

• Focus on proprietary manufacturing processes to ensure product quality and performance

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1️⃣ 10. Pirta

Headquarters: United States
Key Offering: Pirta Passive Cooling Films

Pirta specializes in thin-film PDRC technology, offering products that can be applied to a variety of surfaces. Their film-based approach provides an alternative to liquid coatings, with advantages in controlled application and performance consistency, particularly for retrofitting existing structures.

Sustainability & Innovation Initiatives:

• Innovation in easy-to-apply film products for building retrofits and new construction

• Exploration of applications beyond buildings, such as for transportation and outdoor equipment

Get Full Report Here: Passive Daytime Radiative Cooling (PDRC) Materials Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cooling Is Passive and Intelligent

The Passive Daytime Radiative Cooling (PDRC) materials market is undergoing a rapid transformation from a niche research topic to a commercially viable energy-saving technology. While material formulations are continually being refined, the industry is investing significantly in scaling production, improving durability, and integrating PDRC into smart building systems.

📈 Key Trends Shaping the Market:

• Accelerated R&D into multifunctional and “smart” PDRC materials that adapt to environmental conditions

• Growing integration of PDRC with Building Information Modeling (BIM) and energy management systems for optimized performance

• Expansion into new application verticals such as automotive, textiles, and solar panel cooling

• Increasing public-private partnerships and government incentives to promote adoption in urban heat island mitigation projects

Get Full Report Here: Passive Daytime Radiative Cooling (PDRC) Materials Market – View in Detailed Research Report

The companies listed above are not only developing advanced materials—they’re engineering a fundamentally cooler, more energy-efficient future for our built environment.