Waterproofing is the process of making objects water-repellant or water-resistant. There are all types of these products on the market today,There are many types of products on the market today, including fluid applied, troweled application and layered fluid over fabric.  Waterproof coatings are available in clear or opaque finishes and do not possess the flexible properties elastomeric paints have.  Common surface applications include walls, stucco, concrete or other cementatious surfaces.