Peelable foam coating composition

This invention relates generally to water resistant peelable protective and decorative clear or pigmented coating compositions and, more specifically, to aqueous and solvent based, polymeric coating compositions which form a protective and/or decorative coating and is removably adheres to a variety of substrates, including automotive paints, metals, glass, vinyl, plastics, concrete, natural and synthetic elastomers, and ceramics. The coatings can be either a flat film on the substrate, or a three-dimensional expandable foamy coating, and can be readily peeled off from the substrate as a whole piece. The coatings may be formulated for temporary or long-term protection depending upon the application. The peelable coatings can be applied as a paint, paste, film, or expandable foam cord whereby the expansion of the foam can be controlled by the formulation and applicator.