Waterproof Coating Market to Witness Robust Expansion by 2029

The global waterproof coating market is anticipated to grow at a CAGR of 5.2% during the forecast period (2023-2030). Coating used to prevent the surface from water is referred to as the waterproof coating. An object coated with a waterproof coating remains modest by moisture and resists the penetration of water under certain conditions. Rising demand for building waterproof coatings, advanced support systems, and improved waterproof coating solutions due to conditions such as cyclones, floods, tsunami and heavy rain are some factors that are boosting the market growth. Furthermore, the factors such as need for efficient process and durable coatings with better aesthetics, growth in the building & construction industry, rapid industrialization, and continued recovery of the global economy are also contributing significantly to the overall market growth. Hence, the companies are also focusing on creating the better and efficient coating solutions to stay competitive while increasing their sales. For instance, in April 2021, a new coating solution discovered by researchers at Simon Fraser University which can transform regular materials into waterproof surfaces. The product is cheaper to produce, free of harmful fluorinated compounds, and effective on a variety of materials. The waterproof coating's effectiveness was examined through water contact angle tests.

These market players are also adopting several other strategic initiatives such as partnership, mergers and acquisitions which will positively impact the waterproof coating market growth. For instance, in February 2023, Kamdhenu Paints, a brand of Kamdhenu Group manufacturer of paints and emulsions launched a new waterproofing product 'Kamo Damp Proof'. The new product is a fibre reinforced elastomeric liquid waterproofing membrane. It is formulated with consolidated synthetic fibers and select elastomeric robust acrylic polymers. 'Kamo Damp Proof' forms a thick, seamless and durable membrane upon the surface, thus offering best-in-class waterproofing solution on it.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Type

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- includes Polycoat Products, Nanotech coatings, Sherwin-Williams, Neverwet LLC, chemistik pvt. Ltd., and others.

A full Report of Waterproof Coating Market is Available @ https://www.omrglobal.com/industry-reports/Waterproof-coating-market

Waterproof Coating Market Report Segment

By Type

· Emulsion

· Solvent

By Application

· Construction

· Automotive

· Furniture

· Electronics

· Other (Transportation)

Waterproof Coating Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· AkzoNobel

· CHEMISTIK PVT. LTD.

· DuPont

· Flosil Chemicals

· Keshun Waterproof Technology Co. Ltd.

· Nanotech Ccoatings

· NeverWet, LLC

· Oriental Yuhong Waterproof Technology Co. Ltd.

· ParexGroup Construction Products Pvt. Ltd.

· Polycoat Products

· PPG Industries

· PPG Industries Inc.

· Saint-Gobain Weber

· The Sherwin-Williams Co.

· The Valspar Corp.

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