Waterproofing Chemicals Market Trends and Industry Analysis

The waterproofing chemicals market was valued at USD 30.8 Bn in 2021. The market is projected to grow USD 79.3 Bn in 2028, at a CAGR of 7.5%. Waterproofing is a process which prevents products or properties from the effects of water while also providing a chemical and corrosion barrier. Waterproofing chemicals are a blend of different chemical compounds that are used to make a product more resistant to leaking and longer lasting. These compounds are used in products such as cement, plastics, colors, inks, paints, mortar, and detergents as additives and admixtures. Polyethylene, polyurethanes, polysulfide sealants, elastomeric coatings, and acrylic polymer are some of the most often utilized waterproofing compounds. Waterproofing chemicals are employed in a variety of technologies, including membranes, coatings, and integrated systems, among others. The waterproofing chemicals industry is rapidly expanding, and the product's cost effectiveness is driving the market. The need for waterproofing chemicals from end users grows as the construction quality increases. Furthermore, the waterproofing chemicals industry is driven by cost-effectiveness. Waterproofing chemicals are used for a variety of purposes, the most common of which is to prevent seepage and leakage caused by water and moisture. The construction industry is on the rise as a result of rapidly rising urbanization and industrialization around the world, which is projected to enhance demand for waterproofing chemicals.

The global waterproofing chemicals market is negatively impacted with the outbreak of COVID-19. The outbreak's consequences and impact are expected to intensify in the coming months as the virus spreads. Supply chain interruptions, logistical constraints, personnel unavailability, limited component availability, a decline in demand, insufficient liquidity, and consequent industry shutdowns were all experienced by the industry. During the pandemic, raw material providers and other operational requirements were driven to reconsider their strategy for catering to the industry and waterproofing members. The outbreak of COVID-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. Shipments of raw materials, as well as revenue produced have fallen. Furthermore, insufficient raw material supply will limit the rate of waterproofing chemicals, influencing the management of the waterproofing chemicals supply chain. This chain of occurrences is expected to have a negative influence on the growth of the waterproofing chemicals market in the future years.

The waterproofing chemicals market is expected to rise with the increasing R&D investments in construction along with the need for waterproofing chemicals from end users grows as the quality of construction improves. Furthermore, the waterproofing chemicals industry is driven by cost-effectiveness are likely to propel the waterproofing chemicals market forward.

Replacing Cement-based Construction will be Aiding Factor for Waterproofing Chemicals Market

Due to frequent climate changes, cement-based constructions face significant damping and erosion, reducing the shelf life of residential and commercial structures. This necessitates the use of waterproofing chemicals, as they extend the life of the construction.

Growing infrastructure development in as well as increased awareness of the importance of long-lasting construction materials, is predicted to drive demand for waterproofing chemicals. Surging urbanization is creating the demand of the global waterproofing chemicals market.

One of the major problems limiting market growth is the rising costs of raw materials. High costs of few chemicals will be hampering the growth of the global waterproofing chemicals market. Different chemicals, bitumen, elastomers, EPDM, polymer are associated with substantial safety problems. Aforementioned factors are hampering the growth of the global waterproofing chemicals market.

The global waterproofing chemicals market is segmented by Type (bitumen, elastomers, EPDM, polymers & others), By Technology (preformed membranes, coatings & lams, integral systems), By Application (roofing & walls, floors & basements, waste & water management, tunnels & others) and Region. Based on the type, the market is categorized into bitumen, elastomers, EPDM, infrared chemicals, image chemicals & others. Based on technology, the market is categorized into preformed membranes, coatings & lams, integral systems. Based on Application, the market is categorized into roofing & walls, floors & basements, waste & water management, tunnels & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Based on type, it is categorized into bitumen, elastomers, EPDM, polymers & others. The polymers segment dominated the global waterproofing chemicals market share owing to The rising demand for thermoplastic polyolefins is likely to be a growth driver due to their excellent energy efficiency. Furthermore, throughout the forecast period, increased demand for acrylic polymer for waterproofing based coatings is likely to generate new potential prospects. Due to increased demand from the building industry, Asia Pacific is likely to be the fastest-growing market. Due to rising urbanisation in emerging economies such as China, India, and Indonesia, this demand will continue over the forecast period.

Based on application, it is categorized into roofing & walls, floors & basements, waste & water management, tunnels. The roofing & walls segment dominated the global waterproofing chemicals market share owing to the rapid urbanization along with rising middle-class disposable income, is expected to drive market expansion in the construction sector. Rising consumer awareness of product quality is expected to have a favorable impact on market growth over the forecast period.

The global waterproofing chemicals market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share of global waterproofing chemicals market owing to the growing capabilities for the development in infrastructures and expansion of mega cities. For instance, according to the survey in 2020, US and Canada are leading the way in investing on waterproofing chemicals projects. Europe region is expected to account highest CAGR across the forecast period of global waterproofing chemicals market owing to the heavy investments on waterproofing chemicals developments and the demand for bio-based waterproofing chemicals will expand in upcoming years. The European Commission has approved advantageous regulations for the manufacturing of natural-based polymer goods such as biopolymers, allowing businesses to offer environmentally beneficial products and solutions.

August 2021- Sika acquired Shenzhen Landun Holding Co., Ltd which offers comprehensive range of waterproofing products and technologies to strengthen local supply chain in the market.

+ What are the years considered for the study?

The historic period considered was 2017-2020, the base year – 2021 and the forecasted period is 2022-2030 for study.

+ Can the report be customized based on my requirements?

Yes, you can submit your customization request by clicking on “Enquire now” or “Speak to our Expert”.

+ When was the Research conducted/published?

Our analysts have been continuously tracking the market since 2015 and the recent study was published in 2022.

+ What are the mixed proportions of Primary and Secondary Interviews conducted for the study?

The mixed proportion is 70% Primary Interviews and 30% Secondary Research. The Information gathered through the secondary sources is verified by the primaries conducted through various industry experts. Along with this, the whole data is again re-validated through various primary correspondents in order to achieve an accurate outcome.

+ When will the report be updated?

Our team of analysts is frequently analyzing the changes in the market. Hence, we update our study on a regular basis and provide the updated report on a quarterly basis.

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