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 (2024–2034). This explosive growth is primarily driven by the escalating global demand for energy-efficient building solutions, stringent environmental regulations, and the urgent need to mitigate urban heat island effects.

As the world grapples with increasing cooling demands and the climate crisis, 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 (PDRC) Materials Industry—a dynamic mix of global chemical giants, specialized startups, and coating specialists shaping the future of sustainable cooling.

---

🔟 1. 3M Company

Headquarters: Saint Paul, Minnesota, USA
Key Offering: Advanced Multi-Layer Radiative Cooling Films, Specialty Coatings

3M is a global science-based company that leverages its extensive expertise in materials science to develop high-performance PDRC solutions. Their offerings include sophisticated multi-layer polymer films engineered for maximum solar reflectance and thermal emissivity, targeting applications in building envelopes and specialized industrial settings.

Innovation Initiatives:

• R&D in nano-structured surfaces and polymer composites for enhanced cooling performance

• Integration of PDRC technology with existing building product portfolios

• Focus on durability and weatherability for long-term outdoor applications

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

---

9️⃣ 2. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: PDRC Paints and Coatings (e.g., Cool Roof Paints)

AkzoNobel, a leading global paints and coatings company, is actively developing PDRC paint formulations. Their research focuses on creating particle-dispersed coatings that offer high solar reflectance for commercial and residential buildings, contributing to reduced energy consumption for cooling.

Innovation Initiatives:

• Development of sustainable, high-durability cool roof coatings

• Partnerships with research institutions to advance pigment technology

---

8️⃣ 3. SPACE COOL

Headquarters: United States
Key Offering: Proprietary PDRC Coating Systems

SPACE COOL is a specialized company focused exclusively on radiative cooling technology. They have developed a proprietary coating system designed to achieve significant sub-ambient cooling, targeting large-scale applications in the construction and industrial sectors.

Innovation Initiatives:

• Proprietary formula optimized for high solar reflectance and infrared emission

• Focus on scalable application methods for rooftops and other large surfaces

---

7️⃣ 4. Azure Era

Headquarters: United States
Key Offering: Radiative Cooling Paints and Films

Azure Era is an innovator in the PDRC space, developing materials that leverage atmospheric window properties to reject heat. Their products are aimed at reducing cooling costs and improving energy efficiency for buildings and infrastructure.

Innovation Initiatives:

• Material designs focused on achieving high performance in various climatic conditions

• Exploration of applications beyond buildings, including transportation and textiles

---

6️⃣ 5. i2Cool

Headquarters: Hong Kong
Key Offering: i2Cool Radiative Cooling Paint

i2Cool is a Hong Kong-based startup that has developed an award-winning radiative cooling paint. Their water-based coating is designed to be easily applicable and effective in reducing surface temperatures, with a focus on the Asian market’s specific needs.

Innovation Initiatives:

• Development of an environmentally friendly, water-based PDRC paint

• Successful pilot projects and recognition for innovation in sustainable technology

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

---

5️⃣ 6. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: NEOCOOL® and other Energy-Saving Coatings

Nippon Paint, one of the largest paint manufacturers in Asia, is investing in thermo-regulative coatings. Their NEOCOOL® series includes products designed to reflect sunlight and reduce heat buildup, aligning with the principles of passive cooling for buildings.

Innovation Initiatives:

• Integration of advanced ceramic and hollow microsphere technologies in coatings

• Expansion of product lines for both residential and commercial energy-saving solutions

---

4️⃣ 7. MG Energy

Headquarters: China
Key Offering: PDRC Materials for Building Integration

MG Energy is a Chinese company involved in developing materials for energy efficiency. They are engaged in creating PDRC solutions tailored for the massive construction market in China and surrounding regions, focusing on practical application and cost-effectiveness.

Innovation Initiatives:

• Development of materials suited for high-temperature and high-humidity climates

• Focus on manufacturing scalability to serve large infrastructure projects

---

3️⃣ 8. Radi-Cool

Headquarters: Australia
Key Offering: Radiative Cooling Coatings

Radi-Cool is an Australian company specializing in coatings that utilize radiative cooling principles. They aim to provide solutions that lower cooling costs and combat the urban heat island effect, particularly relevant in sun-drenched regions like Australia.

Innovation Initiatives:

• Product development focused on durability under intense UV exposure

• Testing and validation in real-world Australian climate conditions

---

2️⃣ 9. Pirta

Headquarters: United States
Key Offering: Passive Cooling Material Solutions

Pirta is a technology company focused on developing passive cooling materials. Their research is directed towards creating surfaces that can achieve cooling without energy input, contributing to sustainability goals in building design and urban planning.

Innovation Initiatives:

• Exploration of novel material compositions for enhanced radiative heat rejection

• Targeting applications in energy-intensive sectors requiring thermal management

---

1️⃣ 10. Aorun Advanced Materials

Headquarters: China
Key Offering: Advanced PDRC Films and Coatings

Aorun Advanced Materials is a Chinese firm specializing in the research and development of new materials, including those for radiative cooling. They are part of the growing innovation ecosystem in China focused on next-generation energy-efficient technologies.

Innovation Initiatives:

• R&D in metamaterials and nano-photonics for ultrawhite coatings and films

• Collaboration with academic institutions to push the boundaries of cooling performance

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

---

🌍 Outlook: The Future of Radiative Cooling Is Smarter and More Integrated

The PDRC materials market is undergoing a rapid transformation. While fundamental research continues to push the limits of performance, the industry is moving towards commercialization, integration with smart systems, and expansion into new applications.

📈 Key Trends Shaping the Market:

• Advancements towards dynamic “smart” PDRC materials that adapt to environmental conditions

• Increasing integration of PDRC with Building Management Systems (BMS) for optimized energy savings

• Expansion into non-construction verticals like automotive, textiles, and electronics cooling

• Growing partnerships between material startups and large construction/chemical corporations to scale production

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

The companies listed above are not only developing innovative materials—they’re actively building a cooler, more sustainable future.