Water-based Waterproof Coating Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
In 2022, the water-based waterproof coating market reached a notable valuation of USD 22 billion. The construction industry, which includes both residential and commercial sectors, accounted for a substantial share of the market. The demand was further supported by infrastructure projects and advancements in waterproofing technologies that offered superior protection against water penetration, corrosion, and environmental damage. Additionally, the automotive sector contributed to the market's expansion, driven by the increasing use of water-based coatings in vehicles to enhance their durability and performance.
As we move into the period from 2023 to 2033, the demand for water-based waterproof coatings is expected to continue growing at a robust pace, albeit with some shifts in market dynamics. One of the key trends anticipated is the increase in the adoption of sustainable and high-performance coatings due to stricter environmental regulations and the growing preference for eco-friendly products. The global market for water-based waterproof coatings is projected to reach around USD 40 billion by 2033. Factors such as technological advancements in coating formulations, the rise of smart coatings, and the increasing use of water-based solutions in various sectors will further propel market growth.
The demand from regions such as North America and Europe will remain strong, driven by stringent regulations on VOC emissions and a growing focus on building energy-efficient structures. Meanwhile, the Asia Pacific region will continue to be a major contributor, fueled by rapid urbanization, construction activities, and infrastructure development. Furthermore, emerging markets in Latin America and the Middle East are expected to witness an upsurge in demand due to industrialization and improving construction standards.
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The water-based waterproof coating market has witnessed significant growth from 2018 to 2022, driven by increasing demand across various industries, including construction, automotive, and textiles. The market was valued at approximately USD 18 billion in 2018 and saw steady growth, primarily fueled by the rise in construction activities, especially in the Asia Pacific region. The key drivers included heightened awareness regarding sustainability, stringent environmental regulations, and the growing need for durable, high-performance waterproofing solutions. The shift towards eco-friendly coatings due to environmental concerns also boosted market growth.
Sherwin-williams
SIKA
Nippon Paint
PAREX
Keshun
Polycoat Products
3M
Guangdong Yu Neng
Oriental Yuhong
Berger Paints
Mapei
Carpoly
AkzoNobel
Chamco Chemical
Hongyuan Waterproof
Joaboa Tech
Hebei Hanchi
Guangdong Lesso
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Water-based Waterproof Coating Market
Underground Engineering
Roofing Engineering
Interior Engineering
Based on Types the Market is categorized into Below types that held the largest Water-based Waterproof Coating market share In 2023.
Polyurethane Coating
Acrylic Acid Coating
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Water-based Waterproof Coating Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Water-based Waterproof Coating Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Water-based Waterproof Coating Market, By Type
6. Global Water-based Waterproof Coating Market, By Application
7. Global Water-based Waterproof Coating Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Water-based Waterproof Coating Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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