- Epoxy
- Acrylate
- Polyurethane
Water Resistant Paints Market size was valued at USD 1,246.5 million in 2022 and is expected to reach USD 1,825.2 million in 2028, growing at a 4.2% CAGR from 2023 to 2029. Water resistant are paints used to help the object stay unaffected by water and fight the entrance under specified conditions and protect walls from seepage, cracking, and others. water resistant paints are applied in swimming pools’ interior walls, building construction, bathroom, and furniture to resist the penetration of water in the walls. The development of infrastructure is driving the market of water-resistant paints globally. The demand for water-resistant paints is increasing due to changes in climatic conditions and the construction chemicals of high-quality walls such as walls of swimming pools, buildings, roofing, and others. Countries like Columbia, India, Malaysia, Thailand, and other regions having a rainforest area projected increasing demand for water-resistant paints. Good decor and paints increase hospitality and also increase motivation and interest level towards workers to help in efficient work. Furthermore, in the last few years, innovation and advances in technology have facilitated numerous diverse and new customer demands creating opportunities in water-resistant paints. Water can travel within the capillaries which makes it difficult to locate the exact damage in walls, advanced tech tools like home shield moisture detectors were introduced to find the exact location of the damage. For instance, special products for waterproofing, and wall proofing are innovated such as water-resistant paints are in high demand. Roofing was the largest application segment globally and accounted for over 60% market share in 2022.
Water Resistant Paints Market Key Developments:
On May 2nd, 2022, Berger paints introduced “Nanocrystals and Acrylic/ Pu based hi-tech coatings” which ensures faster, more efficient, and long-lasting solutions.
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Changes in climate conditions coupled with continuous rains in some parts of the world can create significant opportunities in the water-resistant paints market during the forecast period. The increase in decor and paint demand in the market, increase in hospitality also seepage and cracks in walls are major opportunities for water-resistant paints in the market. Rainforest areas are facing more difficulty due to climatic conditions creating huge opportunities for the water-resistant paint maker key players.
The Water-resistant paint market was valued at USD 1,246.5 million in 2022 and is expected to reach USD 1825.2 million in 2028, growing at a 4.2% CAGR from 2023 to 2029.
Water resistant are paints used to help the object stay unaffected by water and fight the entrance under specified conditions and protect walls from seepage, cracking, and others. water resistant paints are applied in swimming pools’ interior walls, building construction, bathroom, and furniture to resist the penetration of water in the walls.
The leading players in the water-resistant paint market are; Berger Paints, Kansai Nerolac Paints ltd., Asian Paints, Akzo Nobel N.V, Zinsser, Teamac, Carpoly, Rust-Oleum, SEI chemicals, Starsheild Technologies Pvt. Ltd., Nippon Paints.
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation, and Seven years forecast is presented from 2023 – 2029.