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Future Market Insights has announced the addition of the “ Water Proof Coatings Market: Global Industry Analysis and Opportunity Assessment 2014 - 2020”report to their offering.
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Water-proofing is making an object virtually impervious to water. Water-proof coatings
help objects remain unaffected by water and resist the ingress of water under specified
conditions. Such items can be used in wet environments and under water to specified
depths. Objects applied with waterproof coatings are resistant to penetration by water
and wetting. Water-proof coatings have applications in various industries such as
building & construction, automobiles, furniture and chemical industries among others.
Demand for water-proof
industrialization and continued recovery of the global economy. Development of unique
formulation technologies and products is expected to boost the market in the next few
years. Water-proof coatings dominate the paints and coatings market. Residential and
commercial infrastructures are the major end-users for water-proof coatings. At the same
time, automotives & aviation generate the largest revenue for the water-proof coatings
market. Water-proof coatings are also in high demand in marine, energy and electronics,
been increasing mainly due to rapid
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Asia Pacific accounted for the largest market share in terms of demand for water-proof
coatings. Europe held the second largest market, followed by North America. Growing
infrastructure activities coupled with lower operating costs encouraged major capacity
additions of coatings in the region. Growth of the building & construction market is due to
urbanization and changing lifestyles in emerging economies such as Brazil, China and
India. Rising population and changing lifestyles of consumers have been driving the
market and are expected to continue to do so in the next few years as well. Asia Pacific
has experienced dynamic economic growth in the past decade. This trend is expected to
continue in the next few years. Growth in economy has led to development of the
building & construction industry in the region along with the overall living standards. With
recovery in the world economy, enhanced construction activities are likely to be carried
out globally. This growth in construction activities is anticipated to trigger the demand for
water-proof coatings used in building & construction activities. Water-proof coatings are
used for interior as well as exterior applications. They are used to enhance aesthetics of
products and provide more protection to them. The U.S. recently experienced an
increase in construction activities due to the revival of its economy from recession.
Demand for new houses has almost reached the pre-recession levels. This is likely to
lead to a rise in construction activities in the U.S. and would subsequently increase the
demand for water-proof coatings. Industries such as electronics and automotive are the
fastest growing markets in India and China. These are expected to witness high demand
for water-proof coatings in the near future.
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Manufacturers have turned their attention towards water-proof 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-
proof coatings as earthquake reconstruction efforts gain momentum. The water-proof
coatings market is also forecast to grow in mature markets such as the U.S. and Europe
where manufacturers focus on product differentiation through various technologies to
gain competitive advantages.
Key players in the water-proof coatings market are Key players include PPG Industries,
The Valspar Corporation, BASF SE and, Flosilchemical, Dampney Company, Sherwin-
Williams Company among others.
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