Water Resistant Coatings Market: Introduction
Water resistant coatings is the process of making an object or structure waterproof or water-resistant so that it remains relatively unaffected by water or resisting the ingress of water under specified conditions. Such items may be used in wet environments or underwater to specified depths. Water resistant coatings and often refer to penetration of water in its liquid state and possibly under pressure, whereas damp proof refers to resistance to humidity or dampness.
Permeation of water vapor through a material or structure is reported as a moisture vapor transmission rate. Water resistant coatings is used in reference to building structures, furniture, and chemical industry.
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Water resistant coatings is making an object virtually impervious to water and it help objects remain unaffected by water and resist the ingress of water under specified conditions. Objects applied with water resistant coatings are resilient to penetration by water and wetting. Water resistant coatings have applications in various industries such as building & construction, automobiles, furniture and chemical industries among others.
Water resistant Coatings Market Dynamics
The demand for water resistant coatings have been increasing mainly due to rapid industrialization and continued recovery of the global economy. Development of unique formulation technologies and products is expected to boost the water resistant coatings market in the next few years. Water resistant coatings dominate the paints and coatings market.
Residential and commercial infrastructures are the major end-users for water resistant coatings. At the same time, automotive & aviation generate the largest revenue for the water resistant coatings market. Water-proof coatings are also in high demand in marine, energy and electronics, among others.
Manufacturers have turned their attention towards water resistant coatings as they provide an economical option to other coatings. Other coatings are affected by fluctuating prices and unstable supply. Japan is likely to witness a significant rise in demand for water resistant coatings as earthquake reconstruction efforts gain momentum.
Water Resistant Coatings Market: Regional Outlook
Global sales of water resistant coatings primarily depend upon growing infrastructure activities coupled with lower operating costs encouraged major capacity additions of coatings in the various regions. With the rapid urbanization along with changing lifestyles in emerging countries such as India, China and Brazil, substantial growth potential in water resistant coatings market is expected in the region. Increasing adoption of engineering and automation in Europe and North America region presents significant market growth opportunities of water resistant coatings in the region.
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Developing industrial prospects in MEA and Latin America are expected to offer miniature market potential and significant growth prospects for water pump pliers in the region.
Water Resistant Coatings Market: Key Market Participants
Key market participants in the water resistant coatings market are typically engaged in enhancing product portfolio to suit typical specifications of each end use industry. The products offered in this segment meet industrial quality and calibration standards thus, increasing their span of usage and applications.
This report focuses on the top manufacturers’ water resistant coatings capacity, production, value, price, and market share of water resistant coatings in global market. Some of the market participants identified across the value chain include:
- Sherwin-williams
- SIKA
- PAREX
- BASF
- RPM
- Elokt
- Mapei
- Polycoat
- ASTEC
- Berger
- Carpoly
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