A coating composition includes a first composition comprising a polymeric binder comprising a hyperbranched polymer or a polymer comprising a covalently bonded surfactant; a second composition comprising a coagulating agent; and an additive comprising an intumescent agent, a vibration damping agent, an insulation agent, or a combination of two or more thereof; wherein: the additive is present in the first composition, the second composition, or both the first and second compositions; the intumescent agent comprises an acid source, a carbon source, and a gas forming agent; the vibration damping agent comprises a first filler; the insulation agent comprises a second filler; and the first composition and the second composition are configured to form a coating within 30 seconds of application to a substrate, and the coating is non-sagging, water-resistant, and dry-to-the touch.