Waterproofing Chemicals Market Analysis

Global Waterproofing Chemicals Market Overview

Waterproofing Chemicals Market Size was valued at USD 15.5 billion in 2021. The Waterproofing Chemicals industry is projected to grow from USD 17.02 Billion in 2022 to USD 32.88 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.88% during the forecast period (2024 - 2032). Rising demand from various end-use industries including building and construction of residential and commercial buildings and landfills and tunnels are the key market drivers enhancing the market growth.Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Waterproofing Chemicals Market Trends

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  Growing construction industry to boost the market growth

  
  

Construction is a high-risk industry that includes a wide range of activities, from infrastructure development to renovation that includes residential construction, bridge construction, road paving, and large-scale re-roofing jobs. The increase in these construction activities is creating additional demand in emerging economies such as China, India, and Japan for waterproofing chemicals. For instance, in 2019, China approved to invest $142 billion in 26 infrastructure projects. In addition, according to India Brand Equity Foundation (IBEF), India plans to spend US$ 1.4 trillion on infrastructure in the next five years. Furthermore, the United States is witnessing noticeable investment for residential construction, and the trend is expected to remain the same in the near future. For instance, according to U.S Census bureau, in January 2020 value of construction put in place in residential and nonresidential construction increased to $567,555 million and $470,986 million from $546,532 million and $466,436 million in December 2019. Mexico is also witnessing high housing demand, therefore attracting noticeable investment into construction. For instance, In January 2019, Inter-American Development Bank (IDB) granted local currency financing program to the Mexican company Procsa up to 150 million Mexican pesos ($7.8 million), in order to finance for land acquisition, development and commercialization of housing for low and middle income families in the country. Government initiatives in countries such as the U.K., France, Germany, U.S., India, and China for clean groundwater and landfilling have had a radical impact on market growth over the past few years. The development of waterproofing chemical composites with improved self-adhesion and longevity is estimated to have immense future growth prospects for this market.

However, volatile raw material prices which are heavily dependent on petrochemical demand and supply is anticipated to hinder the growth of the market over the forecast period. Market participants have been continuously focusing on commercializing biological routes for developing environment-friendly waterproofing chemicals.

These chemicals also find application in the textile and fabric industry for large scale production of waterproof and breathable fabrics which is expected to open new growth avenues in the forthcoming years. Furthermore, increasing applications in geomembranes, water management, and tunnel liners are expected to drive the waterproofing chemicals market.

Therefore, the growth in construction projects and investments, is driving waterproofing chemicals market growth. Therefore, such me has enhanced the Waterproofing Chemicals market CAGR across the globe in the recent years.

However, increasing awareness regarding the importance of waterproofing products in construction in developing regions is another factor driving the growth of the Waterproofing Chemicals market revenue.

Waterproofing Chemicals Market Segment Insights

Waterproofing Chemicals Type Insights

The Waterproofing Chemicals market segmentation, based on Type, includes Bitumen, PVC, TPO, and others. The TPO segment held the majority share in 2021 contribution to around ~48% in respect to the Waterproofing Chemicals market revenue. as they are highly resistant to moisture and flame, with good flexibility. TPO membranes contain no toxic or hazardous ingredients and are fully recyclable.

Figure 2: Waterproofing Chemicals Market, by Type, 2021 & 2030 (USD Million)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Waterproofing Chemicals Application Insights

Based on Appplication, the Waterproofing Chemicals industry has been segmented into Roofing, Walls, Flooring, and others. Roofing held the largest segment share in 2021, increased government expenditure on infrastructure development. Rapid urbanization coupled with the growing disposable income of the middle-class population is likely to fuel the market growth in the construction sector. Growing consumer awareness regarding product quality is anticipated to have a positive impact on market expansion over the projected period.

The fastest growing segment in the Waterproofing Chemicals industry is Flooring. Development of niche applications of waterproofing chemicals including bitumen bonding, expansion joints, and subsoil waterproofing is likely to positively influence the market growth. Furthermore, widening the scope of application in the water management sector owing to the flexible and water-resistant properties of these chemicals is anticipated to bode well for the overall growth of the market in the forthcoming years.

Waterproofing Chemicals Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Waterproofing Chemicals market accounted for USD 6.80 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. uropean Commission announced favorable policies governing the production of natural-based polymer products such as biopolymers thereby enabling companies to provide eco-friendly products and solutions. Further, the Germany Waterproofing Chemicals market held the largest market share, and the UK Waterproofing Chemicals market was the fastest growing market in the European region

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Waterproofing Chemicals MARKET SHARE BY REGION 2021 (%) Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North America Waterproofing Chemicals market accounts for the second-largest market share. Rising awareness regarding the protection of the environment has forced the manufacturers in construction and energy sectors to increase expenditure on landfill systems. Further, the US Waterproofing Chemicals market held the largest market share, and the Canada Waterproofing Chemicals market was the fastest growing market in the North America region.

The Asia-Pacific Waterproofing Chemicals Market is expected to grow at the fastest CAGR from 2022 to 2030. wning to increasing government investments on infrastructure developments primarily in countries such as China, Indonesia, India, and Malaysia. The growth in infrastructure projects is mainly due to an expanding population, resulting in the need for more residential and commercial buildings for various purposes. Construction projects such as ‘100 smart cities’ and ‘Housing for All by 2022’ in India are influencing waterproofing chemicals demand. In addition, in 2019, China government invested 1.9 billion on 13 public housing projects. Therefore, rising construction in these countries are driving waterproofing solutions market growth in Asia Pacific region. Moreover, China Waterproofing Chemicals market held the largest market share, and the India Waterproofing Chemicals market was the fastest growing market in the Asia-Pacific region

Waterproofing Chemicals Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Waterproofing Chemicals market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Waterproofing Chemicals industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the Waterproofing Chemicals industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Waterproofing Chemicals industry has provided with some of the most significant benefits. The Waterproofing Chemicals market major player such as Medtronic Inc (Ireland), Abbott Laboratories (US), Stryker Corporation (US), and others are working to expand the market demand by investing in research and development activities.

Compagnie de Saint-Gobain S.A. is a French multinational corporation, founded in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Originally a mirror manufacturer, it now also produces a variety of construction, high-performance, and other materials. In January 2022, The prominent player Saint-Gobain has agreed to the payment of $32 per share for the outstanding shares of GCP Applied Technologies for a total of $2.3 billion of the transaction value.

Key Companies in the Waterproofing Chemicals market includes

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  Sika AG (Switzerland)

  
  


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  BASF SE (Germany)

  
  


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  DowDuPont (The U.S.)

  
  


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  Wacker Chemie AG (Germany)

  
  


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  RPM International Inc. (The U.S.)

  
  


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  Pidilite Industries Ltd. (India)

  
  


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  Mapei S.p.A (Italy)

  
  


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  Carlisle Companies Inc. (The U.S.)

  
  


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  Fosroc (U.K)

  
  


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  Drizoro S.A.U. (Spain)

  
  


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  Conpro Chemicals Pvt. Ltd (India)

  
  


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  Soprema Inc. (The U.S.), among others

  
  

Waterproofing Chemicals Industry Developments

January 2023: Saint-Gobain, through its Chryso business, has completed the acquisition of Matchem in Brazil and entered into exclusive negotiations to acquire IDP Chemicals in Egypt. The acquisitions of Matchem and IDP Chemicals will allow Saint-Gobain to strengthen its position in construction chemicals, in particular concrete admixtures which play a key role in the decarbonization of the construction industry. These two companies are focused on the buoyant building and infrastructure markets in Brazil and Egypt, which should see strong growth for the years to come.

September 2021: The developer of GORE-TEX® has mentioned that its waterproof outdoor textiles will not use PFAS chemicals in the future as the company is currently focusing on a new choice for the essential membrane. It usually provides waterproofing in its new and advanced consumer outdoor clothing goods.

Waterproofing Chemicals Market Segmentation

Waterproofing Chemicals Type Outlook

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  Bitumen

  
  


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  PVC

  
  


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  TPO

  
  


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  Others

  
  

Waterproofing Chemicals Application Outlook

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  Roofing

  
  


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  Walls

  
  


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  Flooring

  
  


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  Others

  
  

Waterproofing Chemicals Regional Outlook

• North America




• US


• Canada




• Europe




• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe




• Asia-Pacific




• China


• Japan


• India


• Australia


• South Korea


• Australia


• Rest of Asia-Pacific




• Rest of the World




• Middle East


• Africa


• Latin America