WATERPROOF COATINGS MARKET ANALYSIS

Waterproof Coatings MarketSize and Trends

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. 

Market Trends

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.