Waterproof Coatings Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast Up to 2030 | Dampney Company, The Valspar Corporation

The Waterproof Coatings Market is estimated for 2023 for the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Waterproof coatings are used on infrastructure surfaces like buildings, bridges, tunnels, and dams to protect them from water damage. They prevent infiltration of liquids and moisture into concrete or masonry and ensure structural integrity.

Market Dynamics:

Increasing construction of roads, bridges, and other infrastructure is expected to drive the growth of the global waterproof coatings market during the forecast period. According to the World Economic Forum, global infrastructure investment needs are estimated to be around $94 trillion by 2040. This substantial investment in infrastructure development will augment the demand for waterproof coatings which are widely used for waterproofing of concrete structures. Additionally, rapid urbanization is resulting in increased construction of buildings, residences, and commercial spaces which is further expected to propel the market growth over the forecast period from 2023 to 2030. The regulations around the world are also becoming more stringent regarding use of waterproof and corrosion resistant coatings in infrastructure and construction projects which will positively influence the market expansion.

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Top Key Players are Covered in this Report:

★ Dampney Company
★ The Valspar Corporation
★ PPG Industries
★ Sherwin-Williams Company
★ BASF SE
★ Flosilchemical
★ Dampney Company

Detailed Segmentation

By Type:

★ Liquid
★ Dry

By End Use Industry:

★ Building & Construction
★ Automotive & Aviation
★ Furniture & Wood
★ Electronics & Electric
★ Packaging
★ Others (Leather, Personal Care & Hygiene, Transportation, etc.)

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Major Drivers for Demand of Waterproof Coatings due to Growth in Construction Industry and Increasing Usage in Automotive Industry

The construction industry has witnessed strong growth over the past few years globally. There has been substantial capital expenditure on residential and commercial construction projects in developing nations. Waterproof coatings find widespread applications in construction for making structures water resistant. They are used on exterior walls, rooftops, terraces, and other surfaces. Thus, the thriving construction industry has augmented the demand for waterproof coatings.

Additionally, the automotive industry has also been expanding steadily. Vehicles today have more electronic components that need protection from moisture damage. Waterproof coatings are applied on vehicles body to safeguard electric circuits and components from water and humidity. They help improve durability and longevity of vehicles. The proliferating automotive manufacturing is propelling consumption of waterproof coatings.

Major Market Restrain due to Stringent Environmental Regulations on Volatile Organic Compound Emissions

Waterproof coatings contain organic solvents that emit VOCs during production and application. Prolonged exposure to VOCs can cause several health issues like headaches, dizziness, visual disorders, and respiratory complications. Stringent environmental norms by regulatory bodies globally to curb VOC emissions from coating products have constrained the waterproof coatings market to some extent. Manufacturers are facing challenges to formulate low or zero-VOC waterproof coating systems within restricted timelines specified in the regulations without compromising on performance. Compliance with changing environmental laws requires significant R&D investments that add to production costs and make the final products expensive. This acts as a key restraint for the industry.

Major Market Opportunity lies in Developing Bio-Based and Green Waterproof Coating Variants

With rising environmental consciousness, manufacturers have been exploring opportunities to develop sustainable waterproof coating options. The market sees potential growth prospects in bio-based and environment-friendly variants. Companies are investing in R&D focusing on plant-based resins, pigments from natural sources, and low- toxicity solvents and hardeners to formulate green waterproof coatings. These eco-friendly products satisfy both performance and safety requirements. They help firms expand their customer base and strengthen market position. Growing consumer preference for sustainable solutions is opening up new avenues for waterproof coating producers to tap into the lucrative green building and construction niche.

Major Market Trend indicates Shift towards Powder Coatings from Liquid Variants

A key trend witnessed in the waterproof coatings industry recently is the shift from conventional liquid coatings to innovative powder variants. Powder coatings have multiple advantages over liquid coatings like zero VOC emissions, excellent durability and mechanical properties, and a 100% solids content with no wasted solvents. They enable a dramatic reduction in environmental impact and offer cost-savings over the life cycle. Additionally, powder coating application technology has advanced tremendously, allowing for an efficient, automated process. Many industry players are increasingly focusing on developing powder-based waterproof coating solutions for construction, industrial, automotive and other applications. This shift reflects companies' efforts towards sustainability and compliance with tightening environmental regulations worldwide.

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The report answers a number of crucial questions, including:

✦ Which companies dominate the global Waterproof Coatings market?
✦ What current trends will influence the market over the next few years?
✦ What are the market's opportunities, obstacles, and driving forces?
✦ What predictions for the future can help with strategic decision-making?
✦ What advantages does market research offer businesses?
✦ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
✦ What is the anticipated growth rate for the Waterproof Coatings market economy globally?

Some of the Major Points of TOC cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Waterproof Coatings Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.