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 remarkable growth is driven by escalating global temperatures, rising demand for building energy efficiency, stringent green building codes, and the accelerated adoption of innovative cool roof technologies across the construction, industrial, and energy sectors.

As the world confronts the challenges of urban heat islands and soaring cooling costs, advanced materials that offer passive cooling without energy consumption are becoming crucial. These coatings are at the forefront of sustainable building solutions. In this blog, we profile the Top 10 Companies in the Passive Radiant Cooling Coatings Industry—a dynamic mix of global chemical giants, specialized material innovators, and regional leaders shaping the future of energy-efficient surfaces.

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🔟 1. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Ultra-Cool Roof Coatings, Specialty Reflective Paints

AkzoNobel is a global leader in paints and coatings, with a strong portfolio in high-performance reflective solutions. Their passive radiant cooling coatings are engineered using advanced polymer and filler technologies to achieve superior solar reflectance and thermal emissivity, significantly reducing surface temperatures on commercial and industrial buildings.

Innovation Initiatives:

• Development of next-generation cool roof coatings with enhanced durability

• Strategic R&D focused on expanding color options beyond traditional white

• Commitment to sustainable production and circular economy principles

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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 Thermo-Shield, Solar Reflective Coatings

Nippon Paint is a major force in the Asian and global coatings market, renowned for its innovative product development. The company’s passive cooling coatings leverage nanotechnology to provide exceptional heat reflection, helping to lower indoor temperatures and reduce air conditioning loads significantly.

Innovation Initiatives:

• Investment in nano-ceramic and hollow glass sphere technologies

• Expansion of product lines for diverse climatic conditions

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8️⃣ 3. i2Cool Limited

Headquarters: Hong Kong
Key Offering: i2Cool Radiant Cooling Paint, Advanced Passive Cooling Solutions

i2Cool is an innovative technology company specializing in passive radiative cooling materials. Their flagship product is a water-based coating that achieves sub-ambient cooling效果 by reflecting over 95% of solar radiation and strongly emitting heat in the atmospheric transparency window.

Innovation Initiatives:

• Pioneering research in photonic radiative cooling materials

• Focus on scalable manufacturing processes for global adoption

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7️⃣ 4. Azure Era Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: AzureCool Radiant Cooling Coatings

Azure Era is a prominent Chinese manufacturer focused on advanced thermal management materials. Their passive radiant cooling coatings are designed for building exteriors, industrial equipment, and infrastructure, offering high performance in hot climates and contributing to substantial energy savings.

Innovation Initiatives:

• Development of coatings with high resistance to weathering and UV degradation

• Targeting applications in data centers and renewable energy infrastructure

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

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6️⃣ 5. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: PPG SUNROOF® Cool Roof Coatings

PPG is a leading global supplier of paints, coatings, and specialty materials. Their expertise in cool roof coatings provides building owners with solutions that lower roof surface temperatures, improve building comfort, and extend roof service life while reducing energy consumption.

Innovation Initiatives:

• Integration of reflective technology into a wide range of coating systems

• Focus on elastomeric and silicone-based formulations for durability

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5️⃣ 6. Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: Sherwin-Williams SHER-COOL® Roof Coatings

Sherwin-Williams offers a comprehensive portfolio of high-performance roof coatings designed for energy efficiency. Their passive cooling solutions are formulated to reflect sunlight and emit absorbed heat, making them a trusted choice for commercial and industrial retrofits and new construction.

Innovation Initiatives:

• Continuous improvement of solar reflective indices (SRI) in product lines

• Development of products compliant with stringent VOC regulations

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4️⃣ 7. Kansai Paint Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Heat Shield Coatings, Energy-Saving Paints

Kansai Paint is a major global paint and coating manufacturer with significant R&D capabilities. The company’s passive cooling coatings utilize specialized pigments and resins to minimize heat absorption, contributing to cooler building interiors and reduced urban heat island effects.

Innovation Initiatives:

• Research into functional fillers that enhance infrared emissivity

• Expansion of market presence in Southeast Asia and the Middle East

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3️⃣ 8. SKSHU Paint Co., Ltd.

Headquarters: Shanghai, China
Key Offering: SKSHU Cool Coatings, Exterior Thermal Insulation Paints

SKSHU Paint is one of China’s leading coating companies, actively developing products for the energy-efficient building market. Their passive radiant cooling coatings are designed to meet the demands of China’s vast construction sector and its growing focus on sustainability.

Innovation Initiatives:

• Focus on cost-effective solutions for the mass market

• Alignment with Chinese national standards for green building materials

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2️⃣ 9. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Specialist Binders and Pigments for Cool Coatings

While not a direct formulator of final coating products for the consumer market in this segment, BASF is a critical upstream player. The company supplies high-performance pigments, additives, and resin binders that are essential for manufacturers to produce effective passive radiant cooling coatings with high solar reflectance and durability.

Innovation Initiatives:

• Development of advanced TiO2 and other reflective pigments

• Creation of polymer dispersions optimized for solar reflective coatings

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1️⃣ 10. Aorun Advanced Materials Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Aorun Radiant Cooling Coating Systems

Aorun Advanced Materials specializes in functional coatings, including those for thermal management. Their products are applied in various sectors, from building facades to industrial storage tanks, helping to manage heat gain and improve energy efficiency through passive cooling principles.

Innovation Initiatives:

• Investment in R&D for multi-functional coatings (cooling + anti-corrosion)

• Focus on enhancing product longevity and performance under harsh conditions

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

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🌍 Outlook: The Future of Passive Radiant Cooling is Smarter and More Integrated

The passive radiant cooling coatings market is experiencing a fundamental shift. While basic reflective paints have existed for years, the industry is now investing heavily in advanced nanomaterials, smarter application systems, and integration with building management technologies.

📈 Key Trends Shaping the Market:

• R&D into colored and transparent coatings that do not compromise on cooling performance

• Increasing regulatory support and building code mandates for cool roofs in major economies

• Integration with IoT sensors for real-time monitoring of surface temperature and energy savings

• Strategic partnerships between coating manufacturers and roofing system integrators

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

The companies listed above are not only supplying innovative coatings—they are enabling the sustainable transformation of the global built environment.