| Product Code: ETC8849247 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Philippines continues to see a significant increase in import shipments of polymer modified cementitious coatings, with top exporting countries including China, Thailand, Malaysia, Japan, and Germany in 2024. Despite the high growth rate, the market remains relatively competitive with a low Herfindahl-Hirschman Index (HHI) concentration in 2024. The compound annual growth rate (CAGR) from 2020 to 2024 stands at an impressive 22.11%, with a continued growth rate of 9.33% from 2023 to 2024, indicating a positive trajectory for the market in the coming years.

Polymer-modified cementitious coatings are widely used in waterproofing, flooring, and protective coatings in the Philippines. The growing construction and infrastructure industry is driving demand for these coatings due to their enhanced durability and crack resistance.
The increasing focus on waterproofing and protective coatings in the construction sector is boosting the polymer-modified cementitious coatings market in the Philippines. These coatings offer superior adhesion, flexibility, and crack resistance, making them ideal for residential, commercial, and industrial structures. The rising adoption of polymer-modified coatings in repair and renovation projects is further driving market expansion.
This market faces hurdles in terms of high production costs and the need for skilled labor in application processes. Limited awareness about the benefits of polymer-modified coatings restricts their use in the construction sector. Additionally, competition from traditional cementitious coatings affects demand.
The growing construction industry, particularly in commercial and residential real estate, is fueling demand for polymer-modified cementitious coatings in the Philippines. These coatings offer superior adhesion, flexibility, and resistance to moisture and chemicals, making them ideal for waterproofing and surface protection. Investors can explore opportunities in product development, expansion of manufacturing facilities, and partnerships with the construction sector to provide high-performance coatings. The rising trend toward green building materials also opens avenues for eco-friendly polymer coatings.
Polymer-modified cementitious coatings used in waterproofing and construction are subject to quality and durability standards. The government promotes the use of sustainable and high-performance coatings through industry regulations. Incentives are provided for companies investing in environmentally friendly cementitious coatings. Import restrictions prevent the entry of substandard products, ensuring reliable construction materials.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Polymer Modified Cementitious Coatings Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Polymer Modified Cementitious Coatings Market - Industry Life Cycle |
3.4 Philippines Polymer Modified Cementitious Coatings Market - Porter's Five Forces |
3.5 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume Share, By Polymer Type, 2021 & 2031F |
3.6 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Polymer Modified Cementitious Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction activities and infrastructure development in the Philippines |
4.2.2 Increasing demand for durable and sustainable building materials |
4.2.3 Rising awareness about the benefits of polymer modified cementitious coatings in terms of protection and aesthetics |
4.3 Market Restraints |
4.3.1 High initial cost compared to traditional cementitious coatings |
4.3.2 Limited consumer awareness and education about the advantages of polymer modified coatings |
4.3.3 Availability of alternative coating solutions in the market |
5 Philippines Polymer Modified Cementitious Coatings Market Trends |
6 Philippines Polymer Modified Cementitious Coatings Market, By Types |
6.1 Philippines Polymer Modified Cementitious Coatings Market, By Polymer Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, By Polymer Type, 2021- 2031F |
6.1.3 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, By Acrylic Polymers, 2021- 2031F |
6.1.4 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, By SBR Latex, 2021- 2031F |
6.2 Philippines Polymer Modified Cementitious Coatings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, By Non-Residential Buildings, 2021- 2031F |
6.2.3 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, By Residential Buildings, 2021- 2031F |
6.2.4 Philippines Polymer Modified Cementitious Coatings Market Revenues & Volume, By Public Infrastructure, 2021- 2031F |
7 Philippines Polymer Modified Cementitious Coatings Market Import-Export Trade Statistics |
7.1 Philippines Polymer Modified Cementitious Coatings Market Export to Major Countries |
7.2 Philippines Polymer Modified Cementitious Coatings Market Imports from Major Countries |
8 Philippines Polymer Modified Cementitious Coatings Market Key Performance Indicators |
8.1 Adoption rate of polymer modified cementitious coatings in new construction projects |
8.2 Percentage increase in the use of polymer modified coatings in renovation and maintenance projects |
8.3 Number of manufacturers introducing innovative polymer modified coating products |
8.4 Growth in the number of construction companies specifying polymer modified coatings in their projects |
8.5 Number of research studies or industry reports highlighting the benefits and market trends of polymer modified cementitious coatings |
9 Philippines Polymer Modified Cementitious Coatings Market - Opportunity Assessment |
9.1 Philippines Polymer Modified Cementitious Coatings Market Opportunity Assessment, By Polymer Type, 2021 & 2031F |
9.2 Philippines Polymer Modified Cementitious Coatings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Polymer Modified Cementitious Coatings Market - Competitive Landscape |
10.1 Philippines Polymer Modified Cementitious Coatings Market Revenue Share, By Companies, 2024 |
10.2 Philippines Polymer Modified Cementitious Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |