The Global Electricity-Free Cooling Coating 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 being driven by escalating global energy costs, stringent building efficiency regulations, and the urgent need to mitigate the urban heat island effect through the adoption of passive radiative cooling technologies across construction, industrial, and automotive sectors.

As the world intensifies its focus on sustainable and energy-efficient building solutions, the spotlight turns to the innovators developing coatings that cool surfaces without any electrical input. In this blog, we profile the Top 10 Companies in the Electricity-Free Cooling Coating Industry—a dynamic mix of global paint giants, specialized material science firms, and emerging technology pioneers shaping the future of thermal management.

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🔟 1. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: High-reflectivity roof coatings, including products aligned with electricity-free cooling principles

AkzoNobel, a global leader in paints and coatings, offers a range of high-performance cool roof solutions through brands like Dulux. Their products are engineered to reflect solar radiation, significantly reducing surface temperatures and cooling energy demands for buildings. The company leverages its extensive R&D capabilities and global distribution network to advance sustainable coating technologies.

Sustainability & Innovation Initiatives:

• Development of coatings with high Solar Reflectance Index (SRI) values

• Commitment to carbon-neutral operations and sustainable product portfolios

• Active participation in green building certification programs like LEED

Download FREE Sample Report: Electricity-Free Cooling Coating 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 and other advanced temperature-regulating coatings

Nippon Paint is a major force in the Asian coatings market, with significant investments in developing innovative cooling technologies. Their research focuses on formulations that enhance solar reflectance and thermal emissivity, contributing to reduced urban heat and lower energy consumption in densely populated areas.

Sustainability & Innovation Initiatives:

• R&D into nano-technology and hybrid polymer formulations for superior cooling

• Expansion of cool coating applications to industrial and infrastructure projects

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8️⃣ 3. i2Cool Limited

Headquarters: Hong Kong, China
Key Offering: i2Cool radiative cooling paint

i2Cool is an emerging specialist focused exclusively on passive radiative cooling technology. Their paint is designed to achieve sub-ambient cooling by reflecting sunlight and emitting heat as infrared radiation directly into outer space. The company is at the forefront of commercializing this advanced technology for building envelopes.

Sustainability & Innovation Initiatives:

• Proprietary formulation achieving over 96% solar reflectance

• Focus on scalability and cost reduction for mass-market adoption

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7️⃣ 4. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: PPG SUNROOF® cool roof coatings and other reflective solutions

PPG is a leading global supplier of paints, coatings, and specialty materials. Their product portfolio includes highly reflective coatings for commercial and industrial roofs, which help lower surface temperatures and reduce air conditioning loads, aligning with the principles of electricity-free cooling.

Sustainability & Innovation Initiatives:

• Development of durable coatings that maintain reflectivity over time

• Commitment to sustainable innovation with a focus on water-based, low-VOC formulations

Download FREE Sample Report: Electricity-Free Cooling Coating Market – View in Detailed Research Report

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6️⃣ 5. Sherwin-Williams Company

Headquarters: Cleveland, Ohio, USA
Key Offering: SHER-COOL® high-reflectance roof coatings and other elastomeric coatings

Sherwin-Williams provides a comprehensive range of cool roof coatings designed to improve energy efficiency. Their products are widely used in commercial and industrial settings to combat heat gain, demonstrating the company’s role in promoting passive cooling solutions within the broader coatings industry.

Sustainability & Innovation Initiatives:

• Extensive product testing for energy savings and durability performance

• Integration of cool roofing solutions into building maintenance and retrofit programs

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5️⃣ 6. Azure Era Corporation

Headquarters: Texas, USA
Key Offering: Specialty radiative cooling coatings for various substrates

Azure Era is a technology company dedicated to developing advanced passive cooling materials. Their coatings are engineered for high performance in reducing surface temperatures, targeting applications in building integration and specialized industrial uses where thermal management is critical.

Sustainability & Innovation Initiatives:

• Focus on achieving high thermal emittance in the atmospheric window

• Development of application-specific formulations for diverse climates

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4️⃣ 7. SKSHU Paint Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Energy-saving and thermal insulation coatings

SKSHU Paint is a major Chinese coatings manufacturer with a strong focus on innovative, energy-saving products. The company has developed coatings that contribute to passive cooling, capitalizing on the vast demand for building efficiency solutions in China’s rapidly growing urban centers.

Sustainability & Innovation Initiatives:

• Investment in R&D for nano-ceramic and composite cooling technologies

• Alignment with Chinese national standards for green building materials

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3️⃣ 8. RPM International Inc. (Carlisle Coatings & Waterproofing)

Headquarters: Medina, Ohio, USA
Key Offering: Carlisle SynTec® systems including reflective roof coatings

Through its subsidiary Carlisle, RPM International is a key player in the commercial roofing market, offering systems that include highly reflective coatings. These products are integral to sustainable building practices, reducing the heat island effect and lowering cooling energy consumption.

Sustainability & Innovation Initiatives:

• Development of integrated roofing systems that maximize energy efficiency

• Focus on product longevity and lifecycle performance

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2️⃣ 9. Aorun Advanced Materials Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Advanced radiative cooling film and coating materials

Aorun Advanced Materials specializes in the research and production of new materials, including those designed for passive radiative cooling. The company focuses on the development and application of cutting-edge material science to address thermal management challenges.

Sustainability & Innovation Initiatives:

• R&D in photonic structures and metamaterials for enhanced cooling

• Exploration of applications beyond construction, such as textiles and electronics

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1️⃣ 10. Henry Company

Headquarters: El Segundo, California, USA
Key Offering: Blueskin® RF reflective roof coatings and other building envelope solutions

Henry Company, part of the Standard Industries portfolio, provides a range of building products, including reflective roof coatings that support passive cooling. Their solutions are designed for durability and performance, helping to reduce energy costs and improve building sustainability.

Sustainability & Innovation Initiatives:

• Emphasis on creating holistic building envelope solutions for energy efficiency

• Commitment to manufacturing sustainable construction materials

Get Full Report Here: Electricity-Free Cooling Coating Market – View in Detailed Research Report

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🌍 Outlook: The Future of Cooling Is Passive and Intelligent

The electricity-free cooling coating market is undergoing a significant transformation. While traditional insulation and active cooling still dominate, the industry is rapidly investing in advanced material science, scalable manufacturing processes, and integrated building solutions.

📈 Key Trends Shaping the Market:

• Accelerated R&D into colored and transparent cooling coatings for architectural integration

• Growing regulatory support through building energy codes and green certifications

• Increasing adoption in emerging economies with high cooling demands

• Strategic partnerships between material innovators and major coating manufacturers

Get Full Report Here: Electricity-Free Cooling Coating Market – View in Detailed Research Report

The companies listed above are not only developing innovative coatings—they are redefining how we manage heat and energy in an increasingly warm world.