The Global Electrical 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. This explosive growth is fueled by intensifying climate change effects, stringent energy efficiency regulations, and the urgent need to mitigate urban heat islands across construction, electronics, and industrial sectors.

As industries worldwide pivot towards sustainable, passive cooling solutions to slash operational costs and carbon footprints, the demand for innovative materials that reduce surface temperatures without energy consumption is skyrocketing. In this blog, we profile the Top 10 Companies in the Electrical Cooling Coating Industry—a dynamic mix of pioneering material scientists, established paint giants, and specialized innovators shaping the future of thermal management.

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🔟 1. AkzoNobel N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: High-reflectance roof coatings, Specialty facade systems

AkzoNobel is a global leader in paints and coatings, with a strong portfolio of energy-efficient solutions. Their product line includes advanced cooling coatings designed for commercial and industrial buildings, leveraging decades of expertise in durable, high-performance materials. The company is heavily invested in R&D to enhance the solar reflectance and thermal emissivity of its coatings, making them a dominant force in the sustainable construction market.

Sustainability Initiatives:

• Commitment to carbon-neutral operations by 2030

• Integration of recycled materials into coating formulations

• Partnerships with green building councils for certification standards

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9️⃣ 2. Nippon Paint Holdings Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Nippon Paint Thermo-Shield, Cool Roof solutions

Nippon Paint is a major player in Asia and globally, renowned for its innovative coating technologies. Their Thermo-Shield and other cool roof products are specifically engineered to reflect solar radiation and reduce heat absorption, leading to significant energy savings for building owners. The company’s extensive distribution network and strong presence in emerging markets position it for substantial growth.

Sustainability Initiatives:

• Development of water-based, low-VOC cooling coatings

• Focus on expanding product lines for tropical and high-temperature climates

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8️⃣ 3. i2Cool

Headquarters: Hong Kong
Key Offering: Passive Radiative Cooling (PRC) paint

i2Cool is a technology startup focused exclusively on passive radiative cooling solutions. Their proprietary paint formulation achieves exceptional cooling performance by emitting heat directly into outer space. The company has gained significant traction for its innovative approach and is rapidly expanding its applications beyond buildings to include data centers and transportation.

Sustainability Initiatives:

• Pioneering research in metamaterials for enhanced cooling

• Aiming to make passive cooling accessible and cost-effective

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7️⃣ 4. Azure Era

Headquarters: China
Key Offering: Radiative cooling films and coatings

Azure Era specializes in advanced materials for thermal management, with a focus on radiative cooling technologies. Their products are designed for a variety of substrates and are known for high durability and performance consistency. The company is actively involved in large-scale projects, particularly in the rapidly growing Asian market.

Sustainability Initiatives:

• Collaborations with academic institutions for material science breakthroughs

• Targeting applications in renewable energy infrastructure

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6️⃣ 5. PPG Industries, Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: CORA-FLOR® cool roof coatings, SUNROOF coating

PPG is a leading global supplier of paints, coatings, and specialty materials. Their product portfolio includes high-performance cool roof coatings that meet ENERGY STAR® and other green building standards. PPG’s strong technical support and global logistics make it a preferred partner for major construction and industrial projects.

Sustainability Initiatives:

• 2030 Sustainability Goals include 40% of sales from sustainably advantaged products

• Investment in R&D for next-generation, durable cool coatings

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5️⃣ 6. Sherwin-Williams Company

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

Sherwin-Williams is a powerhouse in the coating industry, offering a comprehensive range of products for architectural and industrial applications. Their SHER-COOL series is specifically designed to minimize heat gain, reduce cooling costs, and extend roof lifecycle. The company’s vast network of retail stores and certified applicators ensures widespread availability and professional installation.

Sustainability Initiatives:

• Product development focused on reducing urban heat island effect

• Commitment to sustainable manufacturing processes and supply chains

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4️⃣ 7. MG Energy

Headquarters: International
Key Offering: Advanced thermal barrier coatings

MG Energy is a specialized provider of energy-saving coating solutions. Their products are engineered for high thermal resistance and are used in demanding environments, including industrial facilities and power plants. The company focuses on delivering customized solutions to meet specific client requirements for energy reduction.

Sustainability Initiatives:

• Development of coatings for extreme temperature applications

• Focus on improving energy efficiency for heavy industries

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3️⃣ 8. Kansai Paint Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Heat-shield coatings, Eco-friendly paints

Kansai Paint is a major global coatings manufacturer with a strong emphasis on innovation. Their heat-shield coatings are designed to reflect infrared radiation effectively, contributing to lower interior temperatures. The company has a significant market share in the automotive and construction sectors, with growing applications in cooling coatings.

Sustainability Initiatives:

• Investment in bio-based and renewable raw materials

• Expansion of eco-product lines to meet global sustainability demands

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2️⃣ 9. RPM International Inc. (Carlisle Coatings & Waterproofing)

Headquarters: Medina, Ohio, USA
Key Offering: Coolsafe roof restoration systems

Through its subsidiary Carlisle, RPM International offers specialized cool roof systems that combine reflective coatings with waterproofing membranes. These integrated systems are popular for re-roofing projects, providing both energy savings and protection against weather elements. Their technical expertise in roofing systems gives them a competitive edge.

Sustainability Initiatives:

• Focus on roof restoration to extend asset life and reduce waste

• Products compliant with LEED and other environmental standards

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1️⃣ 10. Henry Company

Headquarters: El Segundo, California, USA
Key Offering: Blueskin® BT, Tropic-Cool® reflective coatings

Henry Company is a leading provider of building envelope systems, including high-performance reflective coatings. Their products are known for reliability and are widely used in commercial roofing. The company emphasizes system compatibility, ensuring that their coatings work seamlessly with underlying roofing materials for long-term performance.

Sustainability Initiatives:

• Development of reflective coatings for various roofing substrates

• Commitment to enhancing building energy performance through innovative materials

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

The electrical cooling coating market is undergoing a transformative phase. While traditional white, high-reflectance coatings still lead in volume, the industry is rapidly advancing towards intelligent, multi-functional materials that offer color options, enhanced durability, and integration with smart building systems.

📈 Key Trends Shaping the Market:

• R&D into colored and transparent cooling coatings to meet architectural aesthetics

• Integration with IoT sensors for real-time monitoring of building energy performance

• Growing regulatory mandates for cool roofs in municipalities worldwide

• Strategic collaborations between coating manufacturers and roofing system providers

Get Full Report Here: Electrical Cooling Coating Market – View in Detailed Research Report

The companies listed above are not only providing cutting-edge thermal management solutions—they’re fundamentally enabling a more sustainable and energy-efficient built environment for future generations.