Water Resistant Paint Market Trends and Segments Forecast To 2029

The global water-resistant paints market size was valued at USD 1,246.5 million in 2022 and is expected to, growing at a 4.2% CAGR during the forecast period 2023 to 2029. The primary factors that drive the market are the growing prevalence of paint market technology, the increase in dumping and cracking in walls due to climatic conditions, increase in demand for waterproofing techniques.

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Acrylate coatings to Dominate the Water-Resistant Paint Market:
Based on type, Acrylate coatings hold the highest market share. The major factor for the rise of this segment is that the use of this segment is cost-effective, has UV resistant properties, and others. acrylate coatings are the most popular waterproofing choice for roofs, With the change in climatic conditions the use of water-resistant paints is increased for the tropical region it is used as UV resistant whereas, the rainforest region uses it as a protective layer for building.

Asia Pacific Water-resistant Paint Market:
Asia Pacific region is expected to grow significantly in the water-resistant paint market over the forecast period. With the increase in urbanization in the region the demand for water-resistant paint is also increasing. Due to economic growth in China and India, a region with a high population provides a large base for demand. The construction of industry anticipated to be the major consumer of paints and coatings market in the
Asia Pacific region. the market for water-resistant paints is fragmented, due to small local and middle-level players are competing with each other. The water-resistant paint market is also competing with the wallpaper market due to the high-quality wallpaper introduced in the market. Asia Pacific countries like China, India, and Indonesia showing economic growth which provides a better opportunity to key players to expand their business.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The water-resistant paint market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share., In May 2nd 2022, Berger paints introduced "Nanocrystals and Acrylic/ Pu based hi-tech coatings" ensures faster, efficient and long-lasting solutions.

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The water-resistant paint market is segmented based on type, application, distribution channel, and region.

Based on the type, the market is segmented into the following:
• Epoxy
• Acrylate
• Polyurethane

Based on the application type, the market is segmented into the following:
• Roofing
• Bathroom
• Furniture
• Exterior walls
• Swimming pools
• Building
• Others

Based on the distribution channel, the market is segmented into the following:
• Retail stores
• Hypersmart/ Supermarket
• E-commerce

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key players' profiles in the water-resistant paint market report are Berger Paints, Kansai Nerolac Paints ltd., Asian Paints, Akzo Nobel N.V, Zinsser, Teamac, Carpoly, Rust-Oleum, SEI chemicals, Starsheild Technologies Pvt. Ltd., and Nippon Paints.

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This release was published on openPR.