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Primary Catalyst Driving Water Resistant Paint Market Evolution in 2025: Impact Of Automotive Sector Growth On The Water-Resistant Paint Market Driver

02-13-2025 05:58 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Water Resistant Paint Market Size

Water Resistant Paint Market Size

What Is the Future Outlook for the Water Resistant Paint Market's Size and Growth Rate?
In recent times, the size of the water-resistant paint market has registered robust growth. This market, standing at $3.62 billion in 2024, is expected to expand to $3.84 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.1%. Several factors contributed to this growth during the historic period, including greater demand for durable coatings, the introduction of stricter environmental laws, the transition from solvent-based formulations to water-based ones, a rise in disposable income, and advancements in raw material development.

Anticipations suggest a robust expansion in the market size of water resistant paint in the coming years, with projections reaching $4.82 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 5.8%. This surge during the forecast period can be credited to the escalating demand for sustainable solutions, the enlargement of the automotive vertical, increasing needs from industrial applications, an emphasis on energy conservation, and concerns related to urban air quality. The key trends projected in the said period include the growth of the construction sector, increased awareness about waterproofing solutions, innovations in formula compositions, the broadening of retail channels, along with urbanization and infrastructural improvements.

What Is Stimulating Growth in the Water Resistant Paint Market?
The escalating need in the automobile sector is anticipated to spur the expansion of the water-resistant paint industry. The auto industry is notably influenced by individual mobility requirements, dependable semiconductor provision, increasing per capita earnings, and urbanization. The application of water-resistant paint in the burgeoning automobile sector aids in sheltering vehicle exteriors from harm caused by water, corrosion, and other environmental elements, thereby assuring the durability and longevity of the vehicles. For example, a report issued by the Driver and Vehicle Licensing Agency (DVLA), a governmental organization based in the UK, stated in December 2022 that the total number of licensed vehicles in the UK had risen to 40.7 million, signifying a 1.0% increase from 2021. As a result, the escalating need in the automobile sector fuels the expansion of the water-resistant paint industry.

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Which Key Market Leaders Are Driving Water Resistant Paint Industry Growth?
Major companies operating in the water resistant paint market are BASF SE, Sherwin-Williams Company, PPG Industries Inc., AkzoNobel NV, Nippon Paint Holdings Co Ltd., RPM International Inc., KCC Corporation, Axalta Coating Systems Ltd., Valspar Corporation, Asian Paints Limited, Kansai Paint Co Ltd., Shalimar Paints Limited, Jotun group, Hempel A/S, Berger Paints India Limited, DuluxGroup Limited, Benjamin Moore & Co., DAW SE, Rust-Oleum Corporation, Chugoku Marine Paints Ltd., TOA Group, Kelly-Moore Paints, Diamond Vogel Paints, Tnemec Company Inc., Dunn-Edwards Corporation

What Are the Emerging Trends in the Water Resistant Paint Industry?
Key players in the water-resistant paint industry are concentrating their efforts on creating waterproof coatings for roofs and walls using synthetic fibres like elastomeric liquid waterproofing membranes to cater to the burgeoning requirement for sophisticated waterproofing solutions. Incorporating the malleability of elastomers with the robustness of integral fibres, fibre-reinforced elastomeric liquid waterproofing membranes present a flexible yet durable approach to waterproofing, generating a secure barrier against water penetration. For example, in February 2023, Kamdhenu, a company based in India that specializes in steel and paint products, unveiled its latest product, Kamo Damp Proof. This innovative product aims to tackle water-related issues such as seepage and dampness, thus ensuring the structure of the building remains long-lasting and robust. The goal is to provide an exceptional waterproofing solution to protect external surfaces from rain, algae, fungi, and other destructive elements.

What Are the Main Segments in the Water Resistant Paint Market?
The water resistant paint market covered in this report is segmented -

1) By Type: Acrylics, Polyurethane, Other Types
2) By Distribution Channels: Direct Sales, Hypermarkets Or Supermarkets, Specialty Stores, Online Retailing, Other Distribution Channels
3) By Application: Interior Wall, Exterior Wall, Bathroom, Metal, Furniture, Roof, Other Applications
4) By End User: Commercial Construction, Industrial Facility, Other End Users

Subsegments:
1) By Acrylics: Water-Based Acrylic Paints, Solvent-Based Acrylic Paints
2) By Polyurethane: Water-Based Polyurethane Paints, Solvent-Based Polyurethane Paints
3) By Other Types: Epoxy Paints, Silicone-Based Paints, Alkyd Paints

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Which Geographic Area Leads the Water Resistant Paint Market?
North America was the largest region in the water resistant paint market in 2023. The regions covered in the water resistant paint market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Water Resistant Paint Global Market Report?

- Market Size Analysis: Analyze the Water Resistant Paint Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Water Resistant Paint Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Water Resistant Paint Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Water Resistant Paint Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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