Global Waterproofing Chemical Market, By Product (Polymers, Bitumen, Others), Technology (Integral Systems, Preformed Membranes, Coatings & Liquid Applied Membrane Systems), Application (Roofing & Walls, Waste & Water Management, Floors & Basements, Tunnel Liners, Others), End-Use (Commercial, Residential, Industrial Infrastructure Development) – Industry Trends and Forecast to 2029.
Waterproofing Chemical Market Analysis and Size
The global construction industry's rapid growth bodes well for the global waterproofing chemicals market. Waterproofing chemicals have a variety of applications, the most important of which is to protect buildings from seepage and leakage caused by water and moisture. The construction sector is on the rise globally as a result of rapidly increasing urbanisation and industrialization, which is expected to boost demand for waterproofing chemicals.
Data Bridge Market Research analyses that waterproofing chemical market was valued at USD 31.21 billion in 2021 and is expected to reach the value of USD 81.22 billion by 2029, at a CAGR of 12.70% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Waterproofing Chemical Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Polymers, Bitumen, Others), Technology (Integral Systems, Preformed Membranes, Coatings & Liquid Applied Membrane Systems), Application (Roofing & Walls, Waste & Water Management, Floors & Basements, Tunnel Liners, Others), End-Use (Commercial, Residential, Industrial Infrastructure Development)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Carlisle Companies Inc. (U.S.), DOW (U.S.), Firestone Building Products Company (U.S.), SOPREMA Group (France), BASF SE (Germany), MBCC Group (Germany), Sika AG (Switzerland), EverGuard TPO Walkway Roll (U.S.), Johns Manville (U.S.), Minerals Technologies Inc. (U.S.), Fosroc, Inc. (U.K.), GCP Applied Technologies, Inc., (U.S.), Mapei S.p.A(Italy), and Renolit SE (Germany)
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Opportunities
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Market Definition
Waterproofing chemicals are specialised chemicals that prevent water from penetrating the building. General purpose waterproofing chemicals work by providing chemical or corrosion barrier properties to the product in order to increase the product's durability by preventing leakage. Prolonged exposure to water may result in accelerated ageing and significant damage to civil structures. Waterproofing chemicals are typically introduced during construction to maintain the structure's appearance and extend its life.
Global Waterproofing Chemical Market Dynamics
Drivers
- The high prevalence of construction activities around the world is creating market demand
The primary driver of growth in the waterproofing chemicals market trends is rapid urbanisation. Furthermore, rising construction activity is increasing demand for waterproofing chemicals in developing economies. One of the primary factors driving the demand for waterproofing chemicals is rising ground and surface water contamination. Furthermore, rising public awareness and the need to address the financial implications of maintaining ageing infrastructure are all important drivers of growth in the waterproofing chemicals Market.
- Ongoing initiatives toward energy efficient and green buildings
Regulatory authorities intend to establish guidelines to reduce pollution levels while also creating a model that incentivizes energy efficient and green buildings. These types of initiatives are expected to increase demand for waterproofing chemicals. Initiatives taken by developing-country governments to provide basic infrastructure facilities such as concrete-based homes, access to proper roads, and a better irrigation network are expected to boost the infrastructure and industrial sectors, creating a demand for waterproofing chemicals.
Opportunity
The industry also aims to address public concerns about the manufacturing and use of waterproofing chemicals in order to mitigate the environmental consequences of past practises. One of the current trends in the waterproofing chemicals industry is increased compliance with international manufacturing standards. The waterproofing industry in developing countries such as India, Brazil, and Indonesia focuses on developing best industrial practises and implementing consumer standards similar to international ones. This is likely to aid the growth of the waterproofing chemicals industry.
Restraints
Fluctuating raw material prices, which are heavily reliant on petrochemical supply and demand, will limit the growth of the waterproofing chemical market during the forecast period.
This waterproofing chemical market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the waterproofing chemical market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact Waterproofing Chemical Market
The introduction of COVID-19 has created havoc in the residential construction industry. The current pandemic has not only caused a slew of issues for the construction industry, but it has also thrown the global economy into disarray. The global crisis, the length of the recession, and the pace of recovery will all significantly impact the existence and severity of these issues. Prior to the pandemic, the construction industry employed approximately 7.7% of the global workforce,10 with projections for 2020 indicating that it will contribute 13.4% of global GDP. However, in the context of the current crisis, falling revenue and increasing project delivery challenges have caused the sector to contract in most markets12, negatively impacting the labour force. Furthermore, the pandemic's disruption of global supply chains has had an increasing impact on construction activities, resulting in shortages of raw materials and other inputs, contractors, subcontractors, and workers. As a result, waterproofing chemicals gain the majority of their market share from the construction industry. The severe impact of COVID-19 on construction and other end-users is more likely to stymie the growth of waterproofing chemicals in the 2020-2021 period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Waterproofing Chemical Market Scope
Waterproofing chemical market is segmented on the basis of product, technology, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Polymer
- Bitumen
- Others
Technology
- Integral Systems
- Preformed Membranes
- Coatings & Liquid Applied Membrane Systems
Application
- Roofing & Walls
- Waste & Water Management
- Floors & Basements
- Tunnel Liners
- Others
End user
- Commercial
- Residential
- Industrial Infrastructure Development
Waterproofing Chemical Market Regional Analysis/Insights
Waterproofing chemical market is analysed and market size insights and trends are provided by country, product, technology, application and end-use as referenced above.
The countries covered in the waterproofing chemical Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the waterproofing chemical market because of the region's rapid industrialization, rising disposable income, and construction sector development. Latin America is expected to grow from 2022 to 2029 as a result of rising infrastructure investment and consumer concerns about safety and the environment.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Waterproofing Chemical Market Share Analysis
Waterproofing chemical market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to waterproofing chemical market.
Some of the major players operating in waterproofing chemical market are:
- Carlisle Companies Inc. (U.S.)
- DOW (U.S.)
- Firestone Building Products Company (U.S.)
- SOPREMA Group (France)
- BASF SE (Germany)
- MBCC Group (Germany)
- Sika AG (Switzerland)
- EverGuard TPO Walkway Roll (U.S.)
- Johns Manville (U.S.)
- Minerals Technologies Inc. (U.S
- Fosroc, Inc. (U.K.)
- GCP Applied Technologies, Inc., (U.S.)
- Mapei S.p.A (Italy)
- Renolit SE (Germany)
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