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Waterproofing Chemicals Market By Chemistry (Bitumen, Elastomers, PVC, TPO, EPDM) By System/Technology (Preformed Membrane, Coatings & LAMs, Integral Systems) By System/Technology (Roofing & walls, Floors & basements, Waste & water management, Tunnel liners, Others) By Product (Bitumen, Polymers, Others), Application (Roofing, Walls, Building, Tunnels, Landfills, Others) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2028

What is the Global Consumption of Waterproofing Chemicals?

The global consumption of the Waterproofing Chemicals Market is expected to increase to more than 5,277.6 kilotons in 2022 and is projected to witness substantial growth in the near future. Asia-Pacific has the largest waterproofing chemicals market, accounting for most of the worldwide market. With the increased industrial activity, the waterproofing chemicals market is expanding in developing countries such as China and India.

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What is the Market Size of Waterproofing Chemicals in terms of value?

The global Waterproofing Chemicals Market is projected to increase at a significant CAGR of 11.7% in the coming years. In 2021, the global Waterproofing Chemicals Market was valued at USD 30.1 billion and is projected to reach a value of USD 58.45 billion by 2028. The demand for Waterproofing Chemicals is projected to increase substantially in the coming years. It is presumed to generate revenue opportunities for the key industry players worth USD 28.36 billion during the forecast period between 2022 and 2028.

How will Polymer-based Waterproofing Chemicals Benefit the Market?

The rising demand for thermoplastic polyolefins (polymers) is predicted to be a growth driver due to their excellent energy efficiency. Furthermore, polymer waterproofing offers various benefits such as robust and strong tensile strength, great water resistance, weather resistance, and durability, and capable of withstanding temperatures as high as 140 ° C; the demand for the product will increase in the coming years. Additionally, with the growing number of underground tunnels and caves for transportation, the demand for Polymer-based waterproofing chemicals will increase due to their ability to withstand high moisture and temperature.

Interesting Facts about Waterproofing Chemicals Market

  • The top 5 countries for Waterproofing Chemicals exports are India, Australia, Japan, France, and the U.S.A.
  • The top 5 countries for Waterproofing Chemicals imports are Myanmar, Nigeria, UAE, Kenya, and Ghana.
  • Increased construction expenses, along with growing raw material and labor prices, have resulted in the use of integrated waterproofing agents and quality building techniques.
  • The biggest difficulty for the worldwide waterproofing chemicals market is the varying price trends of raw materials, which are influenced by variable energy costs because the majority of raw materials are petroleum-based.
  • In the forecast period, Asia Pacific is the largest regional waterproofing chemicals market due to fast industrialization and economic expansion in the region's building industry.
  • Thermoplastic Polyolefin (TPO) is the greatest market share in the waterproofing chemicals industry in the forecast period, owing to its excellent resistance to moisture and flame, as well as its flexibility.

Who are the Top 10 players/companies in the Waterproofing Chemicals Market in terms of value and volume?

The key players in the global Waterproofing Chemicals Market in terms of value and volume include The Dow Chemical Company (U.S.), BASF SE (Germany), and Wacker Chemie AG (Germany), which supplies TPO, PVC, and EPDM to waterproofing system/technology providing companies, such as Carlisle Companies Inc. (U.S.), SIKA AG (U.S.), and W.R Grace & Company (U.S.). These key players are concentrating on new product developments as well as technological innovation to enhance their production of Waterproofing Chemicals to gain competitive market share at a global level. Moreover, some regional and country-level players are also investing heavily to expand their product portfolio and enhance their sales. For instance, in January 2022, Saint-Gobain has agreed to pay $32 per share for the outstanding shares of GCP Applied Technologies for a total transaction value of $2.3 billion. GCP, situated in the Atlanta suburbs, provides concrete and cement admixtures and additives, concrete management systems, high-performance waterproofing solutions, and specialty construction items, all of which are crucial to decarbonizing the global construction sector. The firm has 50 manufacturing sites in 38 countries. For instance, in September 2021, after decades of using PFAS chemicals in their waterproof outdoor fabrics, Gore, the creator of GORE-TEX®, announced that it will no longer utilize them. Gore will give a new option for the necessary membrane that provides waterproofing in its consumer outdoor apparel items. Despite the fact that the new membrane is PFAS (per- and polyfluoroalkyl compounds) free, GORE-TEX® products often feature a second waterproofing treatment, a PFAS-based durable water repellent (DWR) surface coating. The first things created with this new PFAS-free membrane will be available for purchase in late 2022.

Who are the Top 10 Countries in the Waterproofing Chemicals Market?

The major countries in the global Waterproofing Chemicals Market are the US, Germany, Italy, France, the UK, India, China, Japan, Brazil, and Russia. The Indian waterproofing chemicals market is expected to develop at a healthy rate during the projected period. This expansion is the result of increased government investments in infrastructure projects and rising construction spending in nearly all states across the country. In addition, rising government initiatives such as Smart City, Make in India, and Housing for all are expected to drive demand for waterproofing chemicals. 

Which is the Key System/Technology Area in the Waterproofing Chemicals Market?

The key Systems/technologies of Waterproofing Chemicals include Roofing & walls, Floors & basements, Waste & water management, Tunnel liners, and Others. Roofing is the most popular System/Technology sector, and it is likely to maintain its dominance throughout the projection period due to increased government spending on infrastructure projects. In addition, rapid urbanization and rising middle-class disposable income are expected to drive market expansion in the construction industry. In addition, building leakage, particularly roofs and walls, has been a serious worry worldwide for many years. Water-ponding, or the stagnation of water caused by rainfall on roofs and walls, causes deterioration of concrete components, which leads to a ruined roof, which may lead to the collapse of the entire structure. As a result, waterproofing chemicals are commonly employed on roofs and walls to minimize such problems.

What are the Major Driving Factors for Waterproofing Chemicals Market?

Rapid urbanization is the primary driver of growth in the Waterproofing Chemicals Market Trends. In addition, the rise in building activity is increasing the demand for waterproofing chemicals in developing economies such as China, India, and Japan. The rising ground and surface water contamination is one of the key causes pushing the demand for waterproofing chemicals. Moreover, growing awareness among the large population and the need to address the financial implications of maintaining aging infrastructure are all important motivators for growth in the Waterproofing Chemicals Market.

What are the Major Restraints for Waterproofing Chemicals Market?

The price and availability of raw materials are key factors influencing the pricing of finished goods. The biggest difficulty for the worldwide waterproofing chemicals market is the varying price trends of raw materials, which are influenced by variable energy costs because the majority of raw materials are petroleum-based. Additionally, employees may be exposed to volatile vapors while applying waterproofing chemicals like bitumen. Long-term exposure to these chemicals can cause health problems such as nasal inflammation and bronchitis. As a result, this aspect may have an impact on the growth of the waterproofing chemicals market.

Which Region Dominated the World Waterproofing Chemicals Market?

In the forecast period, Asia Pacific is the largest regional waterproofing chemicals market due to rapid industrialization and economic growth in the region's building sector. The Asia Pacific is predicted to grow significantly throughout the projection period due to increased infrastructure spending and the higher disposable income of the ordinary consumer. With abundant raw materials and big projects planned to stimulate infrastructure investment, Asia Pacific is the most profitable market for the waterproofing industry. Furthermore, since construction businesses are flourishing in India due to the rise in skyscrapers and malls, the waterproofing chemical industry will acquire significant traction soon.

Europe also had above-average growth as a result of an increase in the desire for sustainable construction activities, which aided the expansion of bio-based waterproofing chemicals. In addition, the European Commission approved favorable laws governing the manufacturing of natural-based polymer goods such as biopolymers, allowing businesses to offer environmentally responsible products and solutions. The Tunnel liners and fabric industry's strong industrial base, together with rising domestic demand in Germany, Italy, France, and the United Kingdom, is expected to boost the regional market. Furthermore, rising building activity in the region, greater use of new construction methods, and rising demand for water-based goods are likely to boost market expansion.

Segmentation of Global Waterproofing Chemicals Market-

Waterproofing Chemicals Market- By Chemistry

  • Bitumen
  • Elastomers
  • PVC
  • TPO
  • EPDM

Waterproofing Chemicals Market- By System/Technology

  • Preformed Membrane
  • Coatings & LAMs
  • Integral Systems

Waterproofing Chemicals Market- By System/Technology

  • Roofing & walls
  • Floors & basements
  • Waste & water management
  • Tunnel liners
  • Others

Frequently asked questions about the Global Waterproofing Chemicals industry.

The reduced construction activities during the pandemic period had a negative impact on the growth of the Waterproofing Chemical Market. According to reports, India is the worst-hit country, suffering a reduction in investment for construction activities by 13 to 30 percent, and its contribution to GDP hit Rs.30,000 crores per day during the pandemic period.

The Asia Pacific is the largest regional waterproofing chemicals market due to rapid industrialization and economic growth in the region's building sector. Furthermore, the Asia Pacific is predicted to grow significantly throughout the projection period due to increased infrastructure spending and the higher disposable income of the ordinary consumer.

Rising demand from numerous end-use sectors, including residential and commercial building construction, landfills, and tunnels, is expected to boost the expansion of the Waterproofing Chemicals Market.

Thermoplastic Polyolefin (TPO) held the largest share in the waterproofing chemicals market in the forecast period, as they are highly resistant to moisture and flame and with good flexibility.

Roofing was the largest System/Technology segment and is expected to continue its dominance over the forecast period on account of increased government expenditure on infrastructure development.

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Waterproofing Chemicals Market Scope

Report Attribute Details
Market Value in 2021 USD 30.1 billion
Market Value in 2028 USD 58.45 billion
CAGR 11.7%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Aug 2022
Category:  Chemicals
Report ID:   57725
Report Format:   PDF
Pages:   180
Rating:    4.8 (80)
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