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Waterproof Coatings Market

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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 industrie
Waterproof Coatings Market Demand Analysis, Growth
Rate and Deep Industry Research Reports 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.
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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.
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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
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