The global water proof coatings market size reached USD 15,121.4 million in 2020. Worldwide demand for water proof coatings saw a 3.5% year-on-year growth in 2024, suggesting an expansion of the market to USD 17,797.8 million in 2025. Projections for the period between 2025 and 2035 indicate a 4.2% compound annual growth rate (CAGR) for global water proof coatings sales, resulting in a market size of USD 26,978.5 million by the end of 2035.
Single component water proof coatings are growing at an exponential rate owing to reliability and long-lasting product performance. Single component water proof coatings are non-toxic, offers excellent water vapor barrier, and are compatible with tile adhesive making them ideal choice for waterproofing of roofs, balconies, terraces, parking area, and water reservoirs.
Single component waterproofing coating is a polymer waterproof coating of reactive type of moisture-curable film. It is made up of isocyanate and polyether as main material, mixing with solid agents, plasticizers and other additives using special technology. This production technology forms tough, soft and jointless rubber waterproofing film on the substrate, thus driving the adoption of single component water proof coatings.
Single component water proof coatings are ready to use product, thus making them ideal product across diverse waterproofing applications. These coatings offers excellent performance in anti-aging, acid and alkali resistance, fatigue resistance, high and low temperature resistance, anti-corrosion, mildew resistance, good water resistance, high tensile strength and elongation, thus making them widely adopted across residential, commercial and industrial end use.
| Attributes | Key Insights |
|---|---|
| Estimated Value (2025) | USD 17,797.8 million |
| Projected Size (2035) | USD 26,978.5 million |
| Value-based CAGR (2025 to 2035) | 4.2% |
The growth trajectory of two component water proof coating is anticipated to grow at fastest CAGR in the forecast period and is expected to account for CAGR of 5.1% in 2025 to 2035.
Two component water proof coatings are known for offering high water impermeability and are proven to offer excellent bonding with masonry, concrete and other surfaces.
Two component polymer modified cementitious waterproofing coating are specially designed for concrete roof, concrete foundations, basement walls, swimming pools, water tanks & reservoirs, parking decks, bathrooms, toilets, kitchen and balconies. Key players in the two component water proof coatings are adopting innovative production technology that in turn increases the product efficiency.
For instance, Pidilite incorporates addition of elastomeric coatings in the two component water proof coatings. This technology allows high water ingress resistance and ensures effective dry film thickness. These factors make two component water proof coating an ideal choice across residential and commercial waterproofing application.
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The annual growth rates of the water proof coatings market from 2025 to 2035 are illustrated below in the table. Starting with the base year 2024 and going up to the present year 2025, the report examined how the industry growth trajectory changes from the first half of the year, i.e. January through June (H1) to the second half consisting of July through December (H2). This gives stakeholders a comprehensive picture of the sector’s performance over time and insights into potential future developments.
The table provided shows the growth of the sector for each half-year between 2024 and 2025. The market was projected to grow at a CAGR of 3.4% in the first half (H1) of 2024. However, in the second half (H2), there is a noticeable increase in the growth rate.
| Particular | Value CAGR |
|---|---|
| H1 2024 | 3.4% (2024 to 2034) |
| H2 2024 | 3.5% (2024 to 2034) |
| H1 2025 | 3.6% (2025 to 2035) |
| H2 2025 | 3.7% (2025 to 2035) |
Moving into the subsequent period, from H1 2024 to H2 2024, the CAGR is projected as 3.4% in the first half and grow to 3.5% in the second half. In the first half (H1) and second half (H2), the market witnessed an increase of 10 BPS each.
Between 2020 and 2024, the target market registered growth rate of 3.3% by reaching a value of USD 17,190.4 million in 2024 from USD 15,121.4 million in 2020. This growth was driven by surge in new residential & commercial buildings and governmental initiatives towards new highways.
The structural strength of buildings depends upon different components such as foundation, basement, walls, and rooftops. These components are considered as most critical part of entire building. However, these critical components are vulnerable to harsh weather conditions, and also prone to underground seepage.
Moisture retention or water seepage tend to damage the structural integrity of buildings. Thus, water proof coatings have become integral part of construction industry. These coatings will effectively prevent cracks and thus avoid damage due to seepage and moisture retention.
Globally, real estate industry has been exhibiting major resilience in recent years. The industry has tided over from the slowdown induced by the onset of Covid -19 pandemic and is now robustly contributing to economic growth. The massive growth seen in the Indian real estate industry is driven by the rise of demand for urban and semi-urban housing units and office and commercial space.
For instance, according to publication by BrickWork, the government’s thrust on building infrastructure and the generous and consistent capital expenditure undertaken has triggered the demand for commercial real estate assets in India.
National Infrastructure Pipeline with 9,500 projects worth USD 1,909.4 billion, the Smart Cities Mission that aims to develop 100 cities with quality infrastructure and numerous industrial corridors have led to a rise in demand for office spaces not only in key cities and areas but also in Tier 2 and 3 cities. This, in turn, has led to a rise in urban population and increased demand for office, retail, entertainment, and other commercial purposes.
All these factors have played pivotal role in expanding the demand for water proof coatings industry in 2020 to 2024.
Looking ahead to 2025 to 2035, the market is anticipated to grow faster, propelled by innovation in production and application of water proof coatings across electrical & electronics, packaging, and textile industry. Among all environmental factors, moisture is the cause of a vast majority of failures in electronics, and a major concern for electronics manufacturers.
Water layers reduce resistance, slow circuit speeds, distort the waveforms, and may induce delays in the electronic circuit. The conductive layers of water may cause corrosion and result in the complete failure of electronics in some cases. Therefore, it becomes highly desirable to investigate methods to keep moisture away from electronics, rather than addressing the faults afterward.
Printed Circuit Boards (PCBs) and their components form the basic building blocks of all electronic devices. The fight against moisture in any electronic device starts by protecting PCBs and their components during the manufacturing process.
The most adopted way of doing this is to use coating methods. Thus, growing electronics industry is foreseen to drive the demand for water proof coatings in the forecast period.
Application of waterproof technology in construction engineering
In building engineering, building waterproofing technology is a comprehensive and highly applied engineering science and technology. It is an important part of construction technology. It is important to improve the function of building use and production, quality of life and improve the living environment.
Construction industry has witnessed significant demand for water proof coatings across roofing, underground, and toilet rooms. In buildings, roofs are majorly exposed to sun, rain and snow, thus the susceptible to deterioration.
Thus, the demand for waterproof materials, such as polyester tire modified asphalt waterproofing membrane, PVC waterproofing membrane, EPDM waterproof material or waterproof asphalt have gained traction in the building and construction industry.
Waterproofing is an essential element in preserving the integrity of concrete structures. Concrete is a porous material that is susceptible to damage from water infiltration, which can lead to deterioration and structural issues over time.
By applying a waterproofing membrane to the surface of the concrete, moisture is prevented from seeping into the material and causing damage. Waterproofing also helps to extend the lifespan of the concrete structure, saving time and money on costly repairs in the long run. In addition to protecting the concrete itself, waterproofing also helps to protect any embedded steel reinforcement within the structure.
Steel reinforcement is commonly used in concrete construction to provide added strength and stability, but it is vulnerable to corrosion if exposed to moisture. By waterproofing the concrete, the likelihood of corrosion occurring is significantly reduced, ensuring the structural integrity of the building for years to come.
Increasing demand for water proof coatings across textile and paper industry
Water-repellent coatings are essential for enhancing the durability and sustainability of textiles, paper, and bioplastic polymers. Despite the growing use of sustainable materials, their inherent hydrophilicity presents significant challenges. By imparting water resistance and repellency, these coatings improve material performance and longevity.
Sustainability is the most popular trend in packaging technology today, driving global social, political, environmental, and economic concerns. Sustainable materials and processes are key to reducing the carbon footprint, and various sectors are increasingly adopting them to decrease the planet’s waste burden.
These processes and materials not only support circular systems but also facilitate the implementation of a circular economy. The development of surface hydrophobicity technology, aiming for water resistance or repellency, can be achieved through various coating methods.
These technologies offer the ability to endow solid materials with new functionalities by tailoring their chemical and physical characteristics. This results in improved water resistance, which makes them highly desirable in modern industry. Coatings can offer a wide range of additional functionalities beyond water resistance.
These include improved thermal stability, UV protection, and increased tear and puncture strength, and even the ability to prevent microbial growth or self-cleaning materials. These advancements make coated materials particularly valuable in the food industry, medicine, and the development of intelligent materials.
Innovation in water proof coatings such as coatings made up of upcycled textile waste
A new technique could create waterproof coatings for clothes out of discarded textiles. These coatings are regarded as safer for humans and the environment than current coatings.
A Cornell research group led by Juan Hinestroza, the Rebecca Q Morgan ’60 Professor of Fiber Science and Apparel Design in the College of Human Ecology (CHE), developed the low-temperature technique for synthesis of superhydrophobic, or waterproof, coatings.
The metal-organic framework (MOF) used in the group’s coating can be synthesized at room temperature, using more environmentally friendly solvents (water and ethanol) and can be achieved without separation or purification of the discarded textiles, both energy-intensive processes.
This research is an extension of work published in 2023 demonstrating that old clothing could be chemically broken down to reuse polyester compounds to create MOF particles with potential applications in fire resistance, anti-bacterial properties, or wrinkle resistance.
Moreover, key players in the waterproof coatings for textile industry are offering eco-labelled product and products that are free from fluorocarbons (PFC/PFAS), fossil-based polymers and synthetic waxes.
For instance, OrganoClick AB offers textile waterproofing spray all types of textiles, outdoor clothing and garments. The impregnation improves the water and dirt repellent properties of the fabric, and extends the life of the garment by protecting the fibres and restoring their ability to repel water. Maintains the material’s breathability, colour and feel, as the impregnation does not form a film on the surface but binds to the textile fibre.
Demand for water proof coatings in electronics industry
Miniaturization of electronic circuitry places tremendous pressure on manufacturers to develop new methods and technologies. Among the many challenges currently faced by PCB manufactures is incorporating water resistance.
Traditionally, thick encapsulating coatings or mechanical gasketing have been used, however continued miniaturization has made these technologies difficult/costly to incorporate as many parts of the board must be masked to avoid insulating press-fit connectors or damaging sensitive components such as microphones.
Waterproof coating technologies improve the performance of all electronics by protecting circuit boards from accidental water immersion and total submersion. Key players in the water proof coatings for electronics industry are offering innovative products that demonstrates high coating efficiency on the electronic products.
For example, Aculon, a leader in the electronic water proof coatings offers Aculon award-winning NanoProof Series offer customers a range of PCB & electronics waterproofing coating solutions for protecting against accidental water damage to IPX7, immersion in water at one meter depth for 30 minutes, to greater barrier properties that can withstand 100 hours immersion in sweat solutions and some of the most stringent test methods developed for non-hermetic components.
Aculon NanoProof Series of electronics waterproofing coating technologies uses a mix of Aculon Proprietary Transition Metal Complexate technology (TMC) and fluorinated acrylic polymers to achieve a series of products that are compatible with all of the common material types used in SMT parts.
Aculon NanoProof series are sprayable or dip based treatments that do not require a cure and have no impact on conductivity testing. While some of the NanoProof series are so thin that they are invisible to naked eye, all of the Nanoproof series contain a UV tracer to ensure detection at customer sites.
Labor intensive process involved in the application of water proof coatings increases application cost
Waterproof coatings usually require application of the material in form of layer. Thus, the application of water proof coatings tend to require experienced labor increasing the cost of application. Moreover, if the first layer on the application has bubbles and moisture, it can lead to bubbles between layers that may result in reduced product efficiency.
Moreover, the quality of the material directly depends on the correctly selected polyurethane system, corresponding to the further use. For example, Polyurethane is considered one of the most costly waterproofing materials but it can withstand UV rays and is durable. Polyurea waterproofing, on the other hand, as an option, is more costly than Polyurethane, but tends to cure extremely fast. However, it is more expensive than Polyurethane.
There are several other disadvantages associated with different types of water proof coatings such as bitumen-based products soften in the summer heat because the black color has restricted life due to solvent evaporation.
The polyurethane protective coating has a restricted pot life, the impermeable floor coating permits water to form below the floor coating and polyurethane protective coating delays the natural breathing capability of concrete. All these factors are anticipated to negatively impact on the growth of global water proof coatings industry.
Tier 1 companies comprise players with a revenue of above USD 1,000 million capturing a significant share of 40-45% in the global market. These players are characterized by high production capacity and a wide product portfolio.
These leaders are distinguished by their extensive expertise in manufacturing and reconditioning across multiple water proof coatings applications and a broad geographical reach, underpinned by a robust consumer base. Prominent companies within Tier 1 include AkzoNobel Paints, The Soudal Group, British Paints, Sika Corporation, Dow, and other players.
Tier 2 companies include mid-size players with revenue of below USD 1,000 million having a presence in specific regions and highly influencing the local industry. These are characterized by a strong presence overseas and strong industry knowledge.
These players have good technology and ensure regulatory compliance but may not have advanced technology and wide global reach. Prominent companies in tier 2 include Asian Paints, JSW Paints, Pidilite, and other player.
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The section below covers the industry analysis for water proof coatings demand in different countries. The demand analysis on key countries in several regions of the globe, including North America, Latin America, East Asia, South Asia Pacific, Western Europe, Eastern Europe, Middle East, and Africa is provided.
China will hold 63.1% in East Asia due to rapid urbanization and extensive infrastructure projects, such as housing, commercial spaces, highways, and bridges. The USA will capture 75.6% in North America owing to robust industrial sector and presence of leading manufacturers.
Germany will lead Western Europe with 34.8% due to home to several global manufacturers and innovators in the coatings industry, such as BASF and AkzoNobel, which offer advanced waterproofing solutions. These companies play a significant role in driving market growth by introducing new, environmentally friendly, and more efficient waterproof coatings.
| Countries | Value CAGR (2025 to 2035) |
|---|---|
| Spain | 5.8% |
| India | 6.2% |
| Brazil | 6.7% |
| Germany | 5.1% |
| China | 4.9% |
The sale of water proof coatings in China is projected to reach USD 3,404.7 million and is estimated to grow at a 4.9% CAGR by 2035.
China has experienced rapid industrialization and urbanization over the past few decades, resulting in significant demand for construction materials, including waterproof coatings.
As China continues to expand its infrastructure, both in urban and rural areas, waterproof coatings are crucial for protecting buildings, roads, bridges, and other structures from water damage, especially in areas prone to heavy rainfall or flooding.
The sales of water proof coatings in the USA are projected to reach USD 5,098.9 million by 2035. Over the forecast period, demand for trimer acid industry within the USA is predicted to grow at an 5.5% CAGR.
The USA has a large and continually growing construction industry, with demand for waterproof coatings in both residential and commercial buildings. These coatings are essential for protecting structures from moisture damage, which is critical in regions with variable climates, including heavy rain, snow, and humidity.
The sale of water proof coatings in Germany is projected to reach USD 1,689.9 million and grow at a CAGR of 5.1% by 2035.
German companies have a strong focus on research and development (R&D), pushing forward innovations in waterproof coating technology. These advancements include the development of more durable, energy-efficient, and eco-friendly solutions, which position Germany as a leader in the market.
Germany is a leader in environmental sustainability in Europe, with strict regulations and policies that require the use of environmentally friendly materials in construction, automotive, and other industries. This drives the demand for eco-friendly waterproof coatings, which meet both performance and environmental standards.
The section explains the market share analysis of the leading segments in the industry. In terms of product type, the single component type will likely dominate and generate a share of around 58.1% in 2025.
Based on the end use, the residential segment is projected to hold a major share of 35.6% in 2025. The analysis would enable potential clients to make effective business decisions for investment purposes.
| Segment | Single Component (Product Type) |
|---|---|
| Value Share (2025) | 58.1% |
Expansion joints in water conveyance structure shall be installed for the construction requirements, or to avoid cracks that have a negative impact on the integrity of the structure due to temperature changes, concrete shrinkage or uneven settlement of the foundation.
The rubber sealing strips or copper sheets are set in the expansion joint. In the course of operation, there often occurs water leakage in expansion joints because of the broken internal water stopping material or the unstable concrete around the water-stop belts. It is a very difficult task to deal with the leakage of the internal expansion joints of the concrete structure in water conveyance buildings.
Thus, the single-component polyurea is used for the protection of the concrete surface in water conservancy and hydropower projects to minimize the water seepage in the expansion joint.
| Segment | Residential (End Use) |
|---|---|
| Value Share (2025) | 35.6% |
Waterproof coatings are widely used in residential applications because they provide long-lasting protection against water infiltration, which can lead to structural damage, mold growth, and deterioration of building materials.
These coatings are particularly effective in areas exposed to high moisture, such as basements, bathrooms, and roofs, preventing water from penetrating walls, floors, and ceilings.
By creating a moisture-resistant barrier, waterproof coatings help extend the lifespan of the building, reduce maintenance costs, and improve indoor air quality by preventing mold and mildew buildup.
Key companies producing water proof coatings are slightly consolidate the market with about 50-55% share that are prioritizing technological advancements, integrating sustainable practices, and expanding their footprints in the region.
Customer satisfaction remains paramount, with a keen focus on producing water proof coatings to meet diverse applications. These industry leaders actively foster collaborations to stay at the forefront of innovation, ensuring their water proof coatings align with the evolving demands and maintain the highest standards of quality and adaptability.
Recent Industry Developments
The Product Type segment is further categorized into Single Component and Two Component.
The Application Material segment is classified into Wood, Metal, Concrete, and Composite.
The End Use segment is classified into Residential, Commercial, Industrial, Infrastructure, Electrical and Electronics, and Other Industries.
Regions considered in the study include North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and the Middle East and Africa.
The global water proof coatings market for residential end use was valued at USD 9,272.6 million in 2025.
The demand for water proof coatings industry is set to reach USD 26,978.5 million in 2035.
Growing demand for eco-friendly waterproof coatings with minimal environmental impact and sustainable raw materials and rising urbanization fuels demand for waterproof coatings, enhancing infrastructure durability and longevity in construction projects.
The water proof coatings demand is projected to reach USD 26,978.5 million by 2035 growing at CAGR of 4.2% in the forecast period.
Residential end use is expected to lead during the forecast period.
| Estimated Value (2025) | USD 12,000 million |
|---|---|
| Projected Size (2035) | USD 17,700 million |
| Value-based CAGR (2025 to 2035) | 6.2% |
| Market Estimated Size in 2023 | USD 18,141.9 million |
|---|---|
| Projected Market Size in 2033 | USD 38,925 million |
| Value-based CAGR from 2023 to 2033 | 7.9% |
| Market Estimated Size (2023E) | USD 6,747.17 million |
|---|---|
| Projected Market Valuation (2033F) | USD 12,313.08 million |
| Value-based CAGR (2023 to 2033) | 6.2% |
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Water Proof Coatings Market
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