Global Water Resistant Coatings Market Predicted to Grow USD 960 Million by 2026

24-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Water Resistant Coatings Market By Type (Acrylics, Polyurethane, and Others), By property(Anti-Microbial, Anti Fouling, Anti-Corrosion, Anti Cleaning, and Others) and By Application (Aerospace, Automotive, Construction, Medical, Optical, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Water Resistant Coatings market in 2019 was approximately USD 640 million. The market is expected to grow at a CAGR of 6% and is anticipated to reach around USD 960 million by 2026.

Waterproofing makes the object almost waterproof. Waterproof protection allows items to remain unaffected and fights entry under certain circumstances. They can be used in wet and underwater at varying depths. The waterproofing of sealed electronic items is durable and durable. Waterproof coatings are used in a variety of sectors, including automotive, construction & design, chemical, and furniture industries. Waterproof coatings are the method by which an item or structure is waterproof or waterproof so that it remains fairly waterproof or waterproof under certain conditions. These products may be used under wet or underwater conditions at specified depths. The permeation of water vapor is identified by the material or structure as a rate of transmission of moisture. Waterproof coatings are used in the construction of buildings, furniture and in the chemical industry.

Browse the full “Water Resistant Coatings Market By Type (Acrylics, Polyurethane, and Others), By property(Anti-Microbial, Anti Fouling, Anti-Corrosion, Anti Cleaning, and Others) and By Application (Aerospace, Automotive, Construction, Medical, Optical, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/water-resistant-coatings-market-by-type-acrylics-polyurethane-925

The water-coating market is anticipated to grow at a CAGR of 6% over the forecast period, owing to factors such as increased growth of the global construction industry, increased investment in construction renovation operations and higher disposable customer revenues. Nevertheless, the risk of alternatives and rising government regulations for the use of hazardous coatings is expected to hinder overall demand over the forecast period. Although, increased investment in R&D activities in the manufacture of relatively advanced waterproof coatings is a key factor in providing lucrative opportunities for established players. The increasing need for waterproof coatings, especially as the global economy has begun to grow and industrialize rapidly. The development of new formulation technologies and products is projected to fuel the market for waterproof coatings in the coming years. The market is dominated by waterproof paint and fabric materials. Residential and industrial buildings are the key water-coating consumers.

On the basis of type, Polyurethane dominated the global market in 2019 and held an approximate share of 62% for the global water-resistant coating market. This surge in growth of this market is owed to its high water repellent properties that can even make fabric waterproof making it suitable for various verticals such as, automotive, aerospace, medical, optical, and others. Based on the property, anti-corrosion dominated the market in 2019, attributable to its high demand in the aerospace and automotive market. By application, the construction market held a significant share in 2019 and was accounted for approximately 36% of shares worldwide. The growth of this segment is primarily attributable to the rising demand for waterproof cement and waterproof paints in the construction industry.

On the basis of region, Asia Pacific held the majority of shares in 2019 and was accounted for 32% share worldwide, owing to the growth of the automotive and construction industry in this region.

Some of the essential players operating in the Water Resistant Coatings market, but not restricted to include Sherwin-williams, Polycoat, BASF, SIKA, Mapei, PAREX, Berger, Elokt, RPM, ASTEC, Carpoly, and others.

Report Scope

This report segments the Water Resistant Coatings market as follows:

Global Water Resistant Coatings Market: By Type Segmentation Analysis

• Acrylics
• Polyurethane
• Others

Global Water Resistant Coatings Market: By Property Segmentation Analysis

• Anti-Microbial
• Anti-Fouling
• Anti-Corrosion
• Anti-Cleaning
• Others

Global Water Resistant Coatings Market: By Application Segmentation Analysis

• Aerospace
• Automotive
• Construction
• Medical
• Optical
• Others

Global Water Resistant Coatings Market: Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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