Water Resistant Paint Market
Water Resistant Paint Market - Global Assessment 2021 - 2031, Industry Analysis and Opportunity
Water Resistant Paint Market Segmented By Rigidity, Flexible and Acrylate Medium Type in Interior Wall, Exterior Wall, Bathroom, Metal, Furniture, Roof, Others Application
Water Resistant Paint Market Forecast and CAGR
Demand for water resistant paint is increasing all around the world, as such type of paint consisting of chemicals that resist the pressure of water and protect wall, roof or floor against mold and mildew.
People use this paint to make a smooth and impermeable barrier to liquid and moisture on the bare surface of the masonry wall, floor and roof surface. As a result, the water resistant paint market is set to witness steady growth during the forecast period.
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What is Driving Demand for Water Resistant Paint?
Water resistant paint is mainly used in the construction and architectural sector for interior and exterior applications. This type of paint is used on the exterior of the villas and houses to give new look and protect against soaking rain, freezing winters and blistering summers.
Due to long and harsh rainy and summer weather in the country like Colombia, India, Malaysia and other regions, the demand for water resistant paint is increasing. This paint not only protects the wall from the outside but also protects the things inside the house from damage. This feature-driven the market of water resistant paint.
Furthermore, evolving end-user inclination towards eco-friendly products has encouraged players to remodified their product portfolio and add eco-friendly products in their offering. For instance, British PaintsTM, India based paint manufacturing company offers eco-friendly products. British Paints protect the wall from pollution and acid rain and also make walls more attractive. Such launching helps the players to gain consumer attraction in the market.
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Factors that Likely to Augment Water Resistant Paint Sales
Good decoration and paint of home help the member to improve their hospitality and increases the motivation and interest level towards the work. Furthermore, premium and fancy water resistant paint support in providing an aesthetic and spiritual pleasure, which adds to the sophistication of the customer living in the house.
Furthermore, from the last few years, innovation and advanced technologies have facilitated numerous diverse and new customer demands.
With the advancement of nanotechnology, players added binding chemicals in the paint so that it creates a cohesive bond between concrete and mortar which protect the surface from the leaking of water and also strengthen the surface. Many brand owners and manufacturers use various claims and connotations in order to leverage water resistant paint selling and establish an important presence in the business.
For instance, Zinsser, a leading company known for professional quality paint and primers. The company launched Watertite® waterproofing paint which contains a biocide, a chemical that protects the surface from fungal degradation.
The company claims that its water proofing paint stop up to 34psi of water pressure and protect the surface from fungal degradation for 5 years. This help the company to attract more customers and strengthen its presence in the market.
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The US and Canada Water Resistant Paint Market Outlook
The world is facing unprecedented health, economic, and environmental emergency as a result of the covid-19 pandemic. The US and Canada governments have taken a number of efforts to interrupt the coronavirus's chain of transmission and stop it from spreading, including imposing curfews and lockdowns, as well as closing international trade. Due to this temporary shutdown, water resistant paint sales are affected.
However, the inclination of customers towards the urban lifestyle has fueled the market growth. Also, with the change in lifestyle and growing disposable income, the possessions of the houses are also growing in the United State and Canada. This encouraging players to make premium water resistant paint with excellent quality. This change in lifestyle and urbanization will pose a good impact on the demand for paints.
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Europe Demand Outlook for Water Resistant Paint
Thousands of households in Europe are facing problems with dampness and water damage. Throughout the year people using water resistant paint for preventing the risk of seepage and dampness. There is a good opportunity for players to invest in the Europe market.
Many players in the region invested a huge amount in the research and development activities to launch a water resistant paint. For instance, Safeguard Europe Limited launched damp and waterproofing paint for construction. This paint forms a membrane on the surface that is flexible and elastic, protecting the surface from damp ground gases and other damages.
Who are the Key Manufacturers and Suppliers of Water Resistant Paint?
Some of the leading manufacturers and suppliers of water-resistant paint include
- Fort Products Limited
- Kansai Nerolac Paints Limited
- Jiangsu Canlon Bulding Materials Co. Ltd.
- Asian Paints
- Akzo Nobel N.V.
- AkzoNobel Paints
- Henkel AG & Co. KGaA
- Berger Paints India Limited
- Starshield Technologies Private Limited.
- SEI Chemical
- Home Depot Product Authority LLC.
- Nippon Paint (India) Private Limited.
- Remmers (UK) Limited
By Medium Type
- Interior Wall
- Exterior Wall
By Distribution Channels
- Direct Sales
- Hypermarkets/ Supermarkets
- Specialty Stores
- Online retailing
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- Northern Africa
- South Africa
- Rest Of Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Water Resistant Paint Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.