The Market Reports

Synopsis
The global market for Passive Radiative Cooling Film was estimated to be worth US$ 2.1 million in 2024 and is forecast to a readjusted size of US$ 5.9 million by 2031 with a CAGR of 13.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Passive Radiative Cooling Film cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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 $0.1 per square meter compared to regular coatings, making them the preferred choice for most commercial applications. However, the thermal insulation performance of coatings is heavily dependent on application techniques, whereas films offer more stable performance, albeit at a higher cost.
Leading companies in the industry have expressed plans to expand aggressively into high-temperature markets such as the Middle East and Southeast Asia, where demand is expected to grow significantly over the next few years.
This report aims to provide a comprehensive presentation of the global market for Passive Radiative Cooling Film, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Passive Radiative Cooling Film by region & country, by Type, and by Application.
The Passive Radiative Cooling Film market size, estimations, and forecasts are provided in terms of sales volume (Sq m) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Passive Radiative Cooling Film.
Market Segmentation
By Company
SPACE COOL
Azure Era
Radi-Cool
i2Cool
3M
MG Energy
SVG Optoelectronics
Segment by Type
Transmission Type
Reflection Type
Segment by Application
Construction Industry
Logistics and Warehousing
Transportation Equipment
Energy and Power Facilities
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Passive Radiative Cooling Film manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Passive Radiative Cooling Film in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Passive Radiative Cooling Film in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index