Global Waterproofing Chemicals Market Insights Forecasts to 2033

• The Global Waterproofing Chemicals Market Size was Valued at USD 35.2 Billion in 2023
• The Market Size is Growing at a CAGR of 10.77 % from 2023 to 2033
• The Worldwide Waterproofing Chemicals Market Size is Expected to Reach USD 97.86 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

 

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The Waterproofing Chemicals Market Size is Anticipated to Exceed USD 97.86 Billion by 2033, Growing at a CAGR of 10.77 % from 2023 to 2033. 

 

WATERPROOFING CHEMICALS MARKET REPORT OVERVIEW

To guarantee the endurance and durability of structures, waterproofing is an essential component of construction. Its main objective is to stop water from penetrating, shielding buildings from potential harm from moisture and water-related problems. Waterproofing is often required for all concrete surfaces that are below grade. These locations might comprise terraces, plazas, foundations, elevated structural slabs over subterranean surfaces, and underground constructions. The need for waterproofing chemicals is expected to rise in tandem with the development of infrastructure and growing awareness of sustainable building materials. The growing demand from a range of end-use industries, such as the development and construction of residential and commercial buildings, landfills, and tunnels, is anticipated to propel the market. Furthermore, increased consumer awareness of the use of waterproofing materials in construction in developing countries is expected to drive up demand for the products. The governments of developing nations must work harder to provide basic infrastructure—like concrete homes, decent roads, and better irrigation—which will lead to higher demand for waterproofing chemicals. Advanced polymer-based waterproofing chemicals, with their remarkable flexibility, durability, and water resistance, are a significant innovation. For instance, In February 2023, the paint and emulsion maker Kamdhenu Limited introduced a new waterproofing product called Kamo Damp Proof.

 

Report Coverage

This research report categorizes the market for the global waterproofing chemicals market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global waterproofing chemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global waterproofing chemicals market.

 

DRIVING FACTORS:

The growing market investments in the construction sector could increase market growth.

The main factor increasing the need for waterproofing chemicals is the significant investments made in the construction sector in developing countries. A rise in the number of projects and investments is being seen in the construction industry due to rapid urbanization, population growth, and robust economic expansion. The use of superior waterproofing solutions would become more important as more money from both public and private investors poured into the construction sector. This is so that they can improve the infrastructure's longevity and performance.

 

RESTRAINING FACTORS

The variations in raw material prices and availability can restrict market expansion.

The growth of the waterproofing chemical market is being hindered by fluctuations in the cost and availability of raw materials. Petroleum is the foundation for the majority of waterproofing compounds. The cost of producing waterproofing products is impacted by changes in petroleum prices.

 

Market Segmentation

The waterproofing chemicals market share is classified into product, technology, and application.

 

The polymers segment owing to the highest share of the market over the forecast period.

Based on the product, the waterproofing chemicals are classified into polymers and bitumen. Polymers are becoming a common and efficient waterproofing material. This is caused by a number of things, such as durability and material adherence. According to science, polymers are hydrophobic. This does not imply that they are literally terrified of water, nor does it imply that they repel water rather than allowing it to enter their bodies. Processing monolithic structures and metal structures is especially well-suited for polymeric-based waterproofing. Modern polymer materials can be utilized both indoors and outdoors because they are completely safe for the environment and human health. The growing demand for acrylic polymer-based coatings that are waterproofing can produce new growth prospects.

 

Roofing is the largest segment of the market during the forecast period.

Based on application, the waterproofing chemicals are classified into roofing, walls, building structures, and tunnel liners. The increased government spending on infrastructure construction and roofing was the largest application sector and is predicted to maintain its dominance during the projected period. The middle class's increasing disposable income and rapid urbanization are projected to drive market expansion in the building industry. The increasing consumer awareness of product quality is expected to positively affect market expansion. The growth of the waterproofing chemicals market is expected to be positively impacted by the development of specialist applications such as subsoil waterproofing, expansion joints, and bitumen bonding. Furthermore, because these chemicals are flexible and water-resistant, expanding their application in the water management sector is expected to be beneficial for the market's overall growth.

 

Regional Segment Analysis of the Global Waterproofing Chemicals Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia-Pacific is having the biggest share of the waterproofing chemicals market throughout the forecast period. 

 

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Asia-Pacific holds the highest market share in the global waterproofing chemicals industry, making it the largest market. The growing industrial activity in several nations, including Saudi Arabia, Brazil, China, and India, is creating opportunities for the waterproofing chemicals industry. Some of the main factors propelling the growth of waterproofing chemicals are the impressive expansion of the building and water management sectors, particularly in the developing Asia-Pacific region; these are followed by the growing demand for mining applications and the affordability of basic waterproofing chemicals, which is also anticipated to propel the global market for waterproofing chemicals.

 

North America is the fastest growing region over the projected timeframe.

The growing environmental consciousness has compelled the building and energy industry's manufacturers to raise their spending on landfill systems. Additionally, the US market for waterproofing chemicals had the most market share, while the fastest-growing market in North America was Canada's waterproofing chemical market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global waterproofing chemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• EverGuard TPO Walkway Roll
• Johns Manville
• Minerals Technologies Inc.
• Fosroc, Inc.
• GCP Applied Technologies, Inc.
• Mapei S.p.A
• Renolit SE
• Carlisle Companies Inc.
• DOW
• Firestone Building Products Company
• SOPREMA Group
• BASF SE
• MBCC Group
• Sika AG
• Others

 

Key Market Developments

• In May 2022, United Gilsonite Laboratories (UGL), a reputable producer of goods for do-it-yourself and consumer waterproofing applications, was bought by Sika in the US. Their product line is available at major US shops and is distributed through the channel. The acquired company is a wonderful match for Sika's very valuable methods for waterproofing and renovating masonry and concrete.

 

• In April 2022, after partnering with GCP Applied Technologies, USA to offer waterproofing solutions for areas that are exposed to significant temperature variation and water table, under its brand Dr. Fixit, Pidilite Industries saw a 1.59% increase to Rs 2,453.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global waterproofing chemicals market based on the below-mentioned segments: 

 

Global Waterproofing Chemicals Market, By Product

• Polymers
• Bitumen

 

Global Waterproofing Chemicals Market, By Application

• Roofing
• Walls
• Building Structures
• Tunnel liners

 

Global Waterproofing Chemicals Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa