Press Release

Global Waterproofing Coating Market is Expected to Reach US$ 5,871 Mn by 2023

Date : Aug 20, 2018

New report published by Global QYResearch which offers insights on the global Waterproofing Coating market. The Waterproofing Coating market has been experiencing steady growth graph since past years. During the 2017-2023 timeline, the global market for Waterproofing Coating is expected to reflect 1.6 times increase in the revenue growth. In 2018 the global Waterproofing Coating market was valued at US$ 4,087 Mn and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 5,871 Mn growing at a value CAGR of 7.74% throughout the period of forecast.

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.

Would like to place an order or any question, please feel free to contact at   | +13474743864