Waterproofing Chemicals Market

Waterproofing Chemicals Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Waterproofing Chemicals Market was worth US$ 34,169.0 Mn and is expected to grow at a CAGR of 7.5 % over the forecast period. The market is expected to hit US$ 70,423.4 Mn by 2032 end. From 2017–2021, when the market’s CAGR was 6.4%, the market underwent significant growth.

The waterproofing chemicals market is witnessing significant growth with increased demand for safety and security in buildings worldwide. The use of waterproofing chemicals has been growing at a rapid rate across all sectors. This is due to increasing urbanization, industrialization, and technological advancement, which all contribute to this growth. As per expenditure estimates, most of the capital investment is being made by governments worldwide.

Market Dynamic

THE GROWTH IN THE CONSTRUCTION INDUSTRY FUELS THE MARKET

The increasing focus on infrastructure development worldwide drives the demand for Waterproofing Chemicals. The key drivers of the global waterproofing chemicals market are the rising demand for innovative solutions, infrastructure development, and upgrading, increasing focus on corrosion resistance, raising awareness of environmental issues, and government initiatives in this regard. Furthermore, increased urbanization has increased the need for reliable infrastructural solutions worldwide.

ENVIRONMENTAL CONCERNS HAMPER THE MARKET GROWTH

The wide use of waterproofing chemicals or membranes threatens human health and the environment. Because these chemicals are used in spray form, they can be harmful to workers as well as users around. These fluorinated compounds may enter the respiratory systems and cause problems like pneumonitis and lung toxicity. Other issues like bronchitis, nasal irritation, and throat irritation might arise from these chemicals.

GOVERNMENT INTERVENTION CREATES NEW OPPORTUNITIES

There is an increasing demand for waterproofing chemicals in Cement-based structures as it imparts longer life to the system. Moreover, regulatory authorities aim to set up guidelines to curb the rise in pollution levels and strive to create a model that incentivizes energy-efficient and green buildings.

Such initiatives are expected to generate a demand for waterproofing chemicals. Initiatives taken by governments of emerging nations to provide basic infrastructure facilities, such as concrete-based homes, access to proper roads, and better irrigation network, are expected to boost the infrastructure and industrial sector hence creating an opportunity for waterproofing chemicals.

Market Segments Covered in Report

By Product Type:

• Elastomers
• Bitumen
• Polyvinyl Chloride
• Thermoplastic Polyolefin
• Ethylene propylene diene monomer
• Polytetrafluoroethylene
• Others

By Technology:

• Preformed Membrane
• Coatings & Liquid Applied Membrane Systems
• Integral Systems
• Others

By Application:

• Roofing & Walls
• Floors & Basements
• Bridge & Highways
• Waste & Water management
• Tunnel & Landfills
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Bitumen waterproofing expected to dominate the market growth during the forecast period?

The bitumen waterproofing chemicals market is expected to witness lucrative growth in the coming years because of its wide applications across the construction segment, which helps in laying down a bituminous waterproof membrane over the roof structures. Demand is also driven by extensive use as a mixture of organic liquids that provides waterproofing and highly sticky characteristics will boost the market demand shortly. On the other hand, the bitumen material sector is expected to dominate the market growth during the forecast period.

Why is the Roofing segment predicted to dominate the market?

Roofing is the largest application segment and is expected to continue its dominance over the forecast period because of increased government expenditure on infrastructure development. Rapid urbanization, combined With the expanding middle-class population’s disposable income, the construction industry is projected to experience market expansion. Increasing customer awareness of product quality is estimated to positively influence market expansion during the forecast timeframe.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• The Asia Pacific is anticipated to have a 59.0 % market share between 2022 and 2032. Throughout the entire forecast period, The construction industry is expected to witness rapid growth due to the increasing disposable income of the middle-class population and their growing interest in property investment. In India, the demand for chemical and petrochemical products is at an all-time high.
• The increase in building and construction expenditure owing to regulatory inclination towards improvement in infrastructure coupled with the rise of disposable income among consumers in developing regions such as Asia has contributed to the overall market growth.
• North America is anticipated to grow at a CAGR of 6.4% during the forecast period. This can be attributed to various factors such as healthy end-users, construction industry growth, and continuous renovations of the residential construction sector. Furthermore, it is also attributed to the presence of healthy commercial and industrial sectors in the region. The high product demand is accompanied by oversea concerns such as US restrictions on importing to Iran and Venezuela.

Competition Analysis

Major manufacturers are buying up other small-scale market participants to increase their yearly turnover and fortify their market position internationally. Market participants are concentrating on merger and expansion operations to meet the expanding demand and remain competitive.

A list of some of the key suppliers present in the market are:

• BASF SE
• DOW Chemical Company
• Pidilite Industries Limited
• Soprema Group
• Carlisle Companies Inc.
• Johns Manville Corporation
• Drizoro S.A.U
• Mapei S.P.A
• Fosroc International Limited
• RPM International INC.
• SIKA AG
• Wacker Chemie AG
• Conpro Chemicals Private Limited
• Bridgestone Corporation
• Choksey Chemical

Global Waterproofing Chemicals Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies