The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
Waterproof coatings develop in the direction of polymer and permeability. Traditional asphalt waterproof coating performance is poor, and the roof is gradually replaced by polyurethane, acrylic and other polymer waterproof coatings. The penetrating waterproof coating infiltrates into the concrete and displays the crystal, blocking the pores to achieve the purpose of waterproofing, and has been greatly applied in engineering.
This report studies the Waterproofing Coating market status and outlook of global and major regions, from angles of manufacturers, regions, product types and end industries; this report analyzes the top manufacturers in global and major regions, then splits the Waterproofing Coating market by product type and applications/end industries.
In 2017, Global Waterproofing Coating market is valued at 3,754 million USD, the market is expected to reach 6,553 million USD by the end of 2025, growing at a CAGR of 7.21% during the forecast period.
Sherwin-williams and AkzoNobel are the biggest two players in Waterproofing Coating market, with about 30.82% and 17.65% market share separately in 2017. Other leading market players in Waterproofing Coating market include PAREX, BASF, 3M and Oriental Yuhong etc. the market competition may become more intense with more innovation products, acquisitions and improvement of raw material cost control, etc.
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