The global Waterproof Coating Market Growth Accelerated by Growing Demand from Construction Industry

 

Waterproof coatings are widely used for protection of buildings, apartments, infrastructure such as bridges, tunnels and others from damaging effects of water and moisture. They provide long lasting water resistance as well as protect concrete and masonry surfaces from degradation. Increasing construction of residential and commercial infrastructure globally is expected to drive the demand for waterproof coatings.

The global Waterproof Coating Market is estimated to be valued at US$ 17.13 billion in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends driving the growth of the global waterproof coating market is growing construction of green buildings. Green building involves use of processes that are environmentally responsible and resource-efficient throughout a building's life-cycle. Waterproofing plays a crucial role in green building construction as it prevents water ingress and moisture damage, thereby reducing utility costs and enhancing indoor environmental quality. Rising environmental concerns and implementation of stringent emission norms have increased focus on green building projects globally. This in turn is expected to propel the demand for green building certified waterproof coatings during the forecast period.

Segment Analysis

The global waterproof coatings market is divided into roof coatings, building structures, pipe coatings, and others. The roof coatings segment dominated the market in 2024 and is expected to continue its dominance during the forecast period. This is due to the massive construction activities around the world. Huge investments are being made by governments globally to construct residential and commercial buildings which drives the demand for roof coatings.

Key Takeaways

The global waterproof coatings market is expected to witness high growth over the forecast period of 2024-2031. The global Waterproof Coating Market is estimated to be valued at US$ 17.13 billion in 2024 and is expected to exhibit a CAGR of 4.1% over the forecast period 2024 to 2031.

Regional analysis related content comprises the Asia Pacific region dominated the global waterproof coatings market in 2024 and is expected to maintain its position during the forecast period. This is attributed to rapid urbanization and industrialization activities in emerging economies such as India and China. Furthermore, increased government spending on infrastructure development will augment the demand for waterproof coatings in this region.

Key players related content comprises Key players operating in the waterproof coatings market are Dampney Company, The Valspar Corporation, PPG Industries, Sherwin-Williams Company, and BASF SE. Dampney Company is a global leader in manufacturing and supplying waterproof coatings, sealants, and accessories. The Valspar Corporation offers premium waterproof coatings for residential and commercial construction applications. PPG Industries provides high-quality waterproof coatings for infrastructure, transportation, and energy and industrial applications.

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