January 4, 2021

WATERPROOF COATINGS MARKET ANALYSIS

Waterproof Coatings Market - Size, Share, Trends, and Forecast 2019 – 2027

Waterproofing is making a structure or an object completely water-resistant or impervious to water. Waterproof coatings are used to keep objected unaffected by water under specified conditions. Such coating is used in wet environments or for objects underwater to certain depths. Waterproof coatings find application in various industries such as automotive, building and construction, chemical, marine, and furniture. In the market, there is a wide range of waterproof coating materials available such as polyvinyl chloride, Hypalon, EPDM rubber, and more. Moreover, waterproof coating is used to protect the surface from moisture penetration, especially in the damp areas where water vapors are major issues.

Market Outlook

Global waterproof coatings market size is projected to expand significantly during the forecast period (2019-2027), owing to growing use of waterproof coatings in various industries. Growing population and rapid urbanization around the world have increased the demand for waterproof coatings, which in turn will aid in growth of the market. Furthermore, significant growth in paints and coatings market is expected to boost the market growth during the forecast period. Moreover, increasing commercial and residential infrastructure around the world is expected to boost the demand for waterproof coatings and thereby drive growth of the market. Waterproof coatings find applications in various industries including energy, marine, electronics, and more. Growing use of waterproof coatings in these industries is expected to boost its demand and hence fuel market growth in the near future. Expanding automotive and furniture industry is expected to increase the demand for waterproof coatings and therefore, will propel growth of the market during the forecast period.

However, increasing cost of raw materials and stringent regulations by government authorities is expected to restrain growth of the global waterproof coatings market during the forecast period.

Market Regional Analysis

Asia Pacific is projected to account for major market share in the global waterproof coatings market during the forecast period. This is owing to rapid industrialization and growing urbanization in emerging economies such as India and China. Moreover, increasing disposable income of individuals along with growing population in the region are some other factors supporting growth of the market.  North America is expected to witness significant growth during the forecast period, owing to rising infrastructure activities in the region. Construction activities in the U.S. have increased significantly, which is attracting market players around the world and thereby supporting market growth.

Request the sample copy here:

https://www.coherentmarketinsights.com/insight/request-sample/2857

Request the pdf brochure here:

https://www.coherentmarketinsights.com/insight/request-pdf/2857

Market Players

Major players operating in the global waterproof coatings market are Dampney Company, The Valspar Corporation, PPG Industries, Sherwin-Williams Company, BASF SE, and Flosilchemical, Dampney Company

Buy now the market research report here:

https://www.coherentmarketinsights.com/insight/buy-now/2857

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.

What we provide:

  • Customized market research service
  • Industry analysis services
  • Business consulting services
  • Market intelligence services
  • Long term engagement model
  • Country specific analysis

Explore cmi services here

Contact Us:

Mr. shah

Coherent Market Insights Pvt. Ltd.

Address:  Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154, U.S.

Phone: +1-206-701-6702

Email:  sales@coherentmarketinsights.com

Source: https://www.coherentmarketinsights.com/ongoing-insight/waterproof-coatings-market-2857