Waterproof coatings are extensively used for protection of buildings, infrastructure, and other structures against environmental factors such as rain, moisture, humidity, and UV rays. Waterproof coatings aid in enhancing the durability and lifespan of structures. Rapid urbanization and infrastructure development have boosted the demand for waterproof coatings.
The global Waterproof Coatings Market is estimated to be valued at US$ 16.45 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The expanding construction industry has accelerated the growth of the waterproof coatings market over the forecast period. Rapid infrastructural development activities across both commercial and residential sectors are expected to propel the demand for waterproofing solutions. For instance, according to World Economic Forum, the global construction industry is projected to grow at an average annual rate of 3.9% and reach $15.5 trillion by 2030. Rising construction of roads, bridges, tunnels, and mass rapid transport systems will augment the market growth of waterproof coatings. Waterproofing plays a vital role in protecting structures from moisture ingress and extending their service life. Thus, growth in the construction industry remains the key growth driver for waterproof coatings market during the forecast period.
Segment Analysis
There are mainly two segments of waterproof coatings - roof coatings and wall coatings. The roof coatings segment currently dominates the market and accounts for more than 50% share. This is because roof coatings provide critical protection to roofs from wear & tear caused by extreme weather, moisture, UV rays, etc. thus extending the life of the roof. They are increasingly being used on metal, membrane, pitched and flat roofs across residential and commercial applications.
Key Takeaways
The global waterproof coatings market is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis shows that Asia Pacific currently dominates the market due to high construction activities in major economies like China and India. The region is expected to retain its leading position with the highest CAGR during the forecast period driven by rising building & construction industry and increasing investments in infrastructure development projects.
Key players operating in the waterproof coatings market are Pidilite Industries Limited, Akzo Nobel N.V., Sherwin-Williams Company, Sika AG and BASF SE. Pidilite Industries supplying waterproofing systems under the brand Dr. Fixit is the leading player in India. AkzoNobel offers diverse range of products for construction industry sold under Dulux and International brand names. Sherwin-Williams provides waterproof coatings mostly to commercial construction sector in Americas. Sika is a major global brand for concrete admixtures and speciality products used in building waterproofing. BASF portfolio comprises McCoy, Mastertight and Masterseal solution for roofing and waterproofing membrane applications.
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Roof Waterproof Coatings market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global Roof Waterproof Coatings market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the Roof Waterproof Coatings market is segmented into:Water Based Roof Waterproof CoatingsSolvent Based Roof Waterproof CoatingsDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/59515/global-japan-roof-waterproof-coatings-2026-435Segment by Application, the Roof Waterproof Coatings market is segmented into:TilesMetalsElastomericBituminousConcreteWoodRegional and Country-level Analysis:The Roof Waterproof Coatings market is analysed and market size information is provided by regions (countries).The key regions covered in the Roof Waterproof Coatings market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and Roof Waterproof Coatings Market Share Analysis:Roof Waterproof Coatings market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
