As per Intent Market Research, the Waterproof Coatings Market was valued at USD 7.9 billion in 2024-e and will surpass USD 14.1 billion by 2030; growing at a CAGR of 8.7% during 2025 - 2030.
The global waterproof coatings market is experiencing significant growth due to the rising need for durable, long-lasting protective solutions across construction, automotive, and industrial sectors. These coatings enhance structural longevity, prevent water infiltration, and support sustainable construction practices. The market's evolution is influenced by advancements in eco-friendly formulations and increasing investments in infrastructure development worldwide.
Acrylic Coatings Segment is Largest Owing to Versatility
Acrylic coatings dominate the market due to their wide applicability, durability, and ease of application. Known for excellent water resistance and UV stability, these coatings are favored in residential and commercial construction. Their adaptability to various substrates, including concrete and masonry, further enhances their demand.
In addition to their functional benefits, acrylic coatings are environmentally friendly, aligning with global sustainability trends. These coatings also provide superior aesthetic appeal with customizable finishes, making them a preferred choice for modern architectural projects.
Roofing Application is Fastest Growing Owing to Weatherproofing Needs
The roofing segment is witnessing rapid growth due to the critical role waterproof coatings play in preventing water leakage and extending roof lifespans. With increasing urbanization and unpredictable weather patterns, robust roofing solutions have become essential.
Innovative coatings, such as elastomeric and reflective formulations, enhance energy efficiency by reducing heat absorption. These factors, combined with rising construction activities, are propelling the demand for waterproof roofing solutions in both residential and commercial projects.
Construction Industry Emerges as Largest End-Use Sector Owing to Infrastructure Expansion
The construction sector is the largest consumer of waterproof coatings, driven by extensive infrastructure projects and real estate development. These coatings are vital for protecting building structures, ensuring durability, and minimizing maintenance costs.
From foundations to facades, waterproof coatings are applied across various construction stages. The demand is particularly strong in developing regions where government initiatives and foreign investments are accelerating infrastructure development, including housing, bridges, and transportation networks.
Water-Based Formulations are Fastest Growing Owing to Environmental Regulations
Water-based waterproof coatings are gaining traction as the fastest-growing formulation segment, spurred by stringent environmental regulations and consumer preference for sustainable products. These coatings have low volatile organic compound (VOC) content, making them safer for both users and the environment.
Their ease of application, quick drying properties, and compatibility with modern construction materials further support their adoption. As governments and industries emphasize green building standards, water-based coatings are set to become a cornerstone in the waterproofing market.
Asia-Pacific Leads the Market Owing to Rapid Urbanization
Asia-Pacific emerges as the largest regional market for waterproof coatings, fueled by rapid urbanization, industrialization, and government investments in infrastructure. Countries such as China and India are witnessing unprecedented construction activity, creating robust demand for waterproofing solutions.
The region's humid climate and susceptibility to extreme weather events also drive the adoption of waterproof coatings. Additionally, the growth of manufacturing and automotive sectors in Asia-Pacific contributes to the market's expansion, with key players establishing production facilities to cater to local demand.
Competitive Landscape
The waterproof coatings market is highly competitive, with major players focusing on product innovation, sustainability, and regional expansion. Companies such as BASF SE, PPG Industries, and The Sherwin-Williams Company are leading the charge with advanced formulations and strategic acquisitions.
Innovation remains a key driver, as players develop coatings with enhanced durability, self-healing properties, and energy-efficient characteristics. Partnerships with construction firms and government initiatives to promote green infrastructure further underscore the dynamic and evolving nature of the competitive landscape.
Recent Developments:
- BASF introduced a low-VOC waterproof coating targeted at eco-conscious infrastructure projects.
- PPG Industries acquired a regional waterproof coating manufacturer to strengthen its global portfolio.
- Sherwin-Williams unveiled a polyurethane-based coating for enhanced roof durability and waterproofing.
- Sika AG announced the expansion of its production facility to meet growing demand in the Asia-Pacific region.
- Dow Inc. launched a silicone-based waterproof coating with enhanced UV resistance for outdoor applications.
List of Leading Companies:
- BASF SE
- PPG Industries
- The Sherwin-Williams Company
- AkzoNobel N.V.
- Sika AG
- RPM International Inc.
- Dow Inc.
- Nippon Paint Holdings Co., Ltd.
- Asian Paints Limited
- Fosroc International Limited
- GAF Materials LLC
- Hempel A/S
- Carlisle Companies Inc.
- Tremco Incorporated
- Wacker Chemie AG
Report Scope:
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Report Features |
Description |
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Market Size (2024-e) |
USD 7.9 Billion |
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Forecasted Value (2030) |
USD 14.1 Billion |
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CAGR (2025 – 2030) |
8.7% |
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Base Year for Estimation |
2024-e |
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Historic Year |
2023 |
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Forecast Period |
2025 – 2030 |
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Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
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Segments Covered |
Waterproof Coatings Market By Type (Acrylic Coatings, Polyurethane Coatings, Epoxy Coatings, Bituminous Coatings, Silicone Coatings, Cementitious Coatings), Application (Roofing, Walls, Floors, Basements, Pools & Water Tanks, Bridges & Highways), End-Use Industry (Construction, Automotive, Marine, Industrial, Infrastructure), Formulation (Water-Based, Solvent-Based, Solid-Based) |
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Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
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Major Companies |
BASF SE, PPG Industries, The Sherwin-Williams Company, AkzoNobel N.V., Sika AG, RPM International Inc., Dow Inc., Nippon Paint Holdings Co., Ltd., Asian Paints Limited, Fosroc International Limited, GAF Materials LLC, Hempel A/S, Carlisle Companies Inc., Tremco Incorporated, Wacker Chemie AG |
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Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
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1. Introduction |
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1.1. Market Definition |
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1.2. Scope of the Study |
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1.3. Research Assumptions |
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1.4. Study Limitations |
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2. Research Methodology |
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2.1. Research Approach |
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2.1.1. Top-Down Method |
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2.1.2. Bottom-Up Method |
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2.1.3. Factor Impact Analysis |
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2.2. Insights & Data Collection Process |
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2.2.1. Secondary Research |
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2.2.2. Primary Research |
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2.3. Data Mining Process |
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2.3.1. Data Analysis |
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2.3.2. Data Validation and Revalidation |
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2.3.3. Data Triangulation |
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3. Executive Summary |
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3.1. Major Markets & Segments |
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3.2. Highest Growing Regions and Respective Countries |
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3.3. Impact of Growth Drivers & Inhibitors |
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3.4. Regulatory Overview by Country |
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4. Waterproof Coatings Market, by Type (Market Size & Forecast: USD Million, 2023 – 2030) |
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4.1. Acrylic Coatings |
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4.2. Polyurethane Coatings |
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4.3. Epoxy Coatings |
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4.4. Bituminous Coatings |
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4.5. Silicone Coatings |
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4.6. Cementitious Coatings |
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5. Waterproof Coatings Market, by Application (Market Size & Forecast: USD Million, 2023 – 2030) |
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5.1. Roofing |
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5.2. Walls |
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5.3. Floors |
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5.4. Basements |
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5.5. Pools & Water Tanks |
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5.6. Bridges & Highways |
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6. Waterproof Coatings Market, by End-Use Industry (Market Size & Forecast: USD Million, 2023 – 2030) |
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6.1. Construction |
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6.2. Automotive |
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6.3. Marine |
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6.4. Industrial |
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6.5. Infrastructure |
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7. Waterproof Coatings Market, by Formulation (Market Size & Forecast: USD Million, 2023 – 2030) |
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7.1. Water-Based |
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7.2. Solvent-Based |
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7.3. Solid-Based |
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7.4. Resin-based |
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8. Regional Analysis (Market Size & Forecast: USD Million, 2023 – 2030) |
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8.1. Regional Overview |
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8.2. North America |
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8.2.1. Regional Trends & Growth Drivers |
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8.2.2. Barriers & Challenges |
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8.2.3. Opportunities |
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8.2.4. Factor Impact Analysis |
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8.2.5. Technology Trends |
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8.2.6. North America Waterproof Coatings Market, by Type |
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8.2.7. North America Waterproof Coatings Market, by Application |
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8.2.8. North America Waterproof Coatings Market, by Formulation |
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8.2.9. By Country |
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8.2.9.1. US |
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8.2.9.1.1. US Waterproof Coatings Market, by Type |
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8.2.9.1.2. US Waterproof Coatings Market, by Application |
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8.2.9.1.3. US Waterproof Coatings Market, by Formulation |
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8.2.9.2. Canada |
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8.2.9.3. Mexico |
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*Similar segmentation will be provided for each region and country |
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8.3. Europe |
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8.4. Asia-Pacific |
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8.5. Latin America |
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8.6. Middle East & Africa |
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9. Competitive Landscape |
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9.1. Overview of the Key Players |
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9.2. Competitive Ecosystem |
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9.2.1. Level of Fragmentation |
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9.2.2. Market Consolidation |
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9.2.3. Product Innovation |
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9.3. Company Share Analysis |
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9.4. Company Benchmarking Matrix |
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9.4.1. Strategic Overview |
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9.4.2. Product Innovations |
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9.5. Start-up Ecosystem |
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9.6. Strategic Competitive Insights/ Customer Imperatives |
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9.7. ESG Matrix/ Sustainability Matrix |
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9.8. Manufacturing Network |
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9.8.1. Locations |
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9.8.2. Supply Chain and Logistics |
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9.8.3. Product Flexibility/Customization |
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9.8.4. Digital Transformation and Connectivity |
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9.8.5. Environmental and Regulatory Compliance |
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9.9. Technology Readiness Level Matrix |
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9.10. Technology Maturity Curve |
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9.11. Buying Criteria |
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10. Company Profiles |
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10.1. BASF SE |
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10.1.1. Company Overview |
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10.1.2. Company Financials |
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10.1.3. Product/Service Portfolio |
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10.1.4. Recent Developments |
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10.1.5. IMR Analysis |
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*Similar information will be provided for other companies |
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10.2. PPG Industries |
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10.3. The Sherwin-Williams Company |
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10.4. AkzoNobel N.V. |
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10.5. Sika AG |
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10.6. RPM International Inc. |
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10.7. Dow Inc. |
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10.8. Nippon Paint Holdings Co., Ltd. |
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10.9. Asian Paints Limited |
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10.10. Fosroc International Limited |
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10.11. GAF Materials LLC |
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10.12. Hempel A/S |
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10.13. Carlisle Companies Inc. |
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10.14. Tremco Incorporated |
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10.15. Wacker Chemie AG |
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11. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Waterproof Coatings Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Waterproof Coatings Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
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Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Waterproof Coatings Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
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Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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