Global Passive Radiative Cooling Film Market Growth 2025-2031

The global Passive Radiative Cooling Film market size is predicted to grow from US$ 2.6 million in 2025 to US$ 5.9 million in 2031; it is expected to grow at a CAGR of 14.4% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Passive Radiative Cooling Film is an advanced material capable of achieving efficient heat dissipation without external energy input. Its working principle relies on two key characteristics: first, emitting heat directly into outer space as infrared radiation through the atmospheric window (8–13 micrometre wavelength range); second, highly reflecting sunlight (particularly visible and near-infrared wavelengths) to minimize solar absorption. Typically structured with a multi-layered design, it incorporates materials with high infrared emissivity (e.g., polymers or metal oxides) and solar-reflective layers, enabling continuous operation day and night. Applications span building energy efficiency (e.g., reducing air conditioning loads), electronics thermal management, and solar panel cooling, offering environmental benefits, low energy consumption, and sustainability.

The global key manufacturers of Passive Radiative Cooling Film include 3M, i2Cool, SPACE COOL, Radi-Cool, SkyCool Systems, Azure Era, MG Energy, and etc. In 2024, the global top five players had a share approximately 85.04% in terms of revenue.

The Passive Radiative Cooling Film market is currently dominated by China, where companies primarily collaborate with the government on large-scale projects such as granary renovations and airport upgrades. In contrast, North American companies, despite their early research advancements, have focused on commercial and industrial applications. However, demand in these sectors remains relatively low, as cheaper reflective films are often preferred as a more cost-effective alternative.

Moreover, most companies in the industry prioritize Passive Radiative Cooling coatings over films. Coating products are significantly more cost-efficient, with an added cost of less than $0.1 per square meter compared to regular coatings, making them the preferred choice for most commercial applications. However, the thermal insulation performance of coatings is heavily dependent on application techniques, whereas films offer more stable performance, albeit at a higher cost.

Leading companies in the industry have expressed plans to expand aggressively into high-temperature markets such as the Middle East and Southeast Asia, where demand is expected to grow significantly over the next few years.

LP Information, Inc. (LPI) ' newest research report, the “Passive Radiative Cooling Film Industry Forecast” looks at past sales and reviews total world Passive Radiative Cooling Film sales in 2024, providing a comprehensive analysis by region and market sector of projected Passive Radiative Cooling Film sales for 2025 through 2031. With Passive Radiative Cooling Film sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Passive Radiative Cooling Film industry.

This Insight Report provides a comprehensive analysis of the global Passive Radiative Cooling Film landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Passive Radiative Cooling Film portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Passive Radiative Cooling Film market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Passive Radiative Cooling Film and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Passive Radiative Cooling Film.

This report presents a comprehensive overview, market shares, and growth opportunities of Passive Radiative Cooling Film market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Transmission Type
Reflection Type

Segmentation by Application:
Construction Industry
Logistics and Warehousing
Transportation Equipment
Energy and Power Facilities
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
SPACE COOL
Azure Era
Radi-Cool
i2Cool
3M
MG Energy
SVG Optoelectronics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Passive Radiative Cooling Film market?

What factors are driving Passive Radiative Cooling Film market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Passive Radiative Cooling Film market opportunities vary by end market size?

How does Passive Radiative Cooling Film break out by Type, by Application?

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