Waterproofing Chemicals Market Research Report- Forecast to 2030

Global Waterproofing Chemicals Market information by Type (bitumen, PVC, TPO, EPDM, and others), by Application (roofing, walls, flooring, basement, tunneling, and others), and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East &Africa,) - Forecast till 2030

ID: MRFR/CnM/3115-CR | January 2018 | Region: Global | 123 Pages         

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Waterproofing Chemicals Market Overview


The Waterproofing Chemicals Market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 Million till 2030.  The demand for waterproofing chemicals is growing because of its several benefits like sustainable edifice, low cost of building maintenance, and the protection of buildings from extreme conditions and quick weather changes. The rapid urbanization growth across the world is projected to drive the global market growth throughout the research timeframe. Moreover, the increasing demand for waterproofing chemicals among the various industries due to their lightweight, durable, strong, and versatile nature is projected to boost the global market growth during the forecast period. However, the extremely high prices associated with raw materials are projected to hamper the global market growth. Moreover, the waterproofing chemicals have some health impacts, which can be a major restraint to the global market for waterproofing chemicals.


The global Waterproofing Chemicals Market has been segmented into different types and applications. Further, the type segment has been classified into TPO, PVC, Bitumen, EPDM, and others. The application segment has been segregated into basements, tunneling, flooring, and others.


COVID 19 Analysis: 


The use of waterproofing membranes is extended to the construction industries. And the global spread of coronavirus has had an impact on the construction industry. The industry was exposed to supply chain disruptions, logistical restraints, unavailability of the workforce, limited components being available, drop in the demand levels, low liquidity, and subsequent shutting down of the industries. The suppliers of the raw material along with the other operational requirements were pushed to re-evaluate the strategies undertaken catering to the industry and waterproofing members during the pandemic. 


There was a grinding halt imposed on the residential, as well as the commercial construction purposes. Also, the demand for the waterproofing membranes prevalent for this sector was ranging from medium to low in the pandemic period. The major issues were related to the shortage of equipment and manpower, restriction in the supply chain, delay in the shipment of the orders, and much more. However, other sectors like healthcare flourished in the pandemic period. The emergence of new hospitals, daycares, and institutions are helping in the stabilization of the construction sector along with the demand for waterproofing solutions. 


Market Dynamics: Drivers:


The emerging and developing economies have infrastructure as their major asset. The growth of rapid urbanization is the main driver for the growth of the Waterproofing Chemicals Market Trends. Both the private and public sectors of different economies are spending to get their hands on the right infrastructure. Power grids, roads, bridges, railways, water treatment plants, airports, telecommunications, and much more. There is an emerging need for reliable materials that promise a high-performance. Also, strong, durable, lightweight, and versatile Waterproofing Chemicals Industry Demand is increasing. 


Restraints: 


However, the wide use of waterproofing chemicals or the membranes has a potential threat to the environment, as well as human health. These chemicals are used in the spray form and hence, can be harmful to both the user, as well as workers surrounding the vicinity. The waterproofing chemicals will have fluorinated compounds that might enter the respiratory systems that might cause issues like pneumonitis, and lung traumas. Other health issues like bronchitis and nasal irritation might be caused. 


Challenges: 


There are different kinds of raw materials that are used for the compilation of the Waterproofing Chemicals and membranes. Raw materials like crude oil are a very important source of energy. However, the raw materials have a huge consumption but are priced extremely high. This has caused a huge demand to drop with relation to transportation fuels. 


Value Chain Analysis: 


The Waterproofing Chemical Industry is exposed to certain disadvantages like VOC content, as well as toxicity. However, many leading corporations in the global market are investing in R&D solutions that have a minimal impact on the environment. The products that are being used are conceding the green certification use for sustainable projects. For instance, green roofs and green buildings. Waterproofing Chemical Market Size is extending to these building structures for the provision of efficient protection along with energy efficiency. 


Segment Overview: 


Global Waterproofing Chemicals Market uses are extended to different areas like roofing and flooring, basement and tunneling, walls, and much more. Global Waterproofing Chemicals Market Share is divided into various segments and sections. These are segmented as understated: 


Type: 


The market consists of types like PVC, EPDM, Bitumen, TPO, and others. 


Application: 


Based on Application, the waterproofing share includes basements, flooring, tunneling, and much more. 


Geographical Locations: 


Global Waterproofing Chemicals Market Research Report includes different locations like Latin America, the Asian Pacific regions, Europe and North America, along with the Middle East and Africa. 


Regional Analysis: 


The Asia Pacific had the widest share in the market in 2016. The growth was at a CAGR of 10.88% owing to urbanization and industrialization. The next country in the lane was North America both in 2016 and for the forecast period of 2023 as well. North America is likely to have the largest share. The U.S. is expected to hold power as a dominant owing to the greater levels of penetration for the end-users of the industry services. 


As far as the other geographical locations of the world are concerned, Europe has the potential to grow as a major country in waterproofing chemicals. This country had a market share of 17% in 2016. Germany also is witnessing an increase in the demand for the basement, as well as the roofing application segmentations. The Middle East, African, and Latin American regions also are being expected to grow by the end of the forecast period of 2023. 


Competitive Landscape and Key Findings: 


Global waterproofing chemicals companies are being adopted by many Prominent Companies on the global map. These are stated as follows: 



  • Sika AG (Switzerland)

  • BASF SE (Germany)

  • DowDuPont (The U.S.)

  • Wacker Chemie AG (Germany)

  • RPM International Inc. (The U.S.)

  • Pidilite Industries Ltd. (India)

  • Mapei S.p.A (Italy)

  • Carlisle Companies Inc. (The U.S.)

  • Fosroc (U.K)

  • Drizoro S.A.U. (Spain)

  • Conpro Chemicals Pvt. Ltd (India)

  • Soprema Inc. (The U.S.) 


There is a high rise in the need for urbanization along with swift industrialization in these companies and are expected to grow and penetrate by the end of the forecast period. 


By the end of the forecast period of 2030, the market is expected to grow at a 9.86% CAGR. the highest market share is expected to go to the Asia Pacific, along with China. Bitumen had a 52% share in 2021, the easy availability and the low prices being the major reasons. Roofing in collaboration with walls accounts for 50% as a dominant service in the market mostly, for the end-users of these services, globally. This is prevalent in all the major geographical locations and regional segments by the end of the forecast period of 2030. 


Recent Developments: 


In Jan 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.


In Sep 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.


Report Overview: 


Global Waterproofing Chemicals Market Report covers a brief analysis of the market, its operations, the impact of COVID, government regulations, and steps being taken up to bounce back and cover the losses. Also, the report discusses the major drivers, restraints, and challenges, as well as the value chain analysis offered by the market globally. The segment analysis covers the growth of the market for 9 forecast years that is 2021, and 2030. Many steps are being taken up to reduce the negative impacts on users and the environment and to help the market growth through efficient inputs. The geographical locations for the market include Russia, Itlay, the UK, France, Turkey, Saudi Arabia, Canada, Argentina, Mexico, and Brazil apart from the ones mentioned in the regional analysis of the market.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: USD 32,915.00 Million
  CAGR   9.86%(2020–2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Sika AG (Switzerland), BASF SE (Germany),DowDuPont (The U.S.), Wacker Chemie AG (Germany), RPM International Inc. (The U.S.), Pidilite Industries Ltd. (India), Mapei S.p.A (Italy), Carlisle Companies Inc. (The U.S.), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd (India), Soprema Inc. (The U.S.)
  Key Market Opportunities   Strong, durable, lightweight, and versatile Waterproofing Chemicals Industry Demand is increasing.
  Key Market Drivers   The growth of rapid urbanization is the main driver


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Frequently Asked Questions (FAQ) :

The global waterproofing chemicals market is expected to reach a valuation of USD 32,915 million by 2030.

The global waterproofing chemicals market is expected to exhibit a strong 9.86% CAGR over the forecast period from 2020 to 2030.

The growing construction industry and rapid urbanization in Asia Pacific are the major drivers for the waterproofing chemicals industry.

Roofing applications dominate the global waterproofing chemicals market, followed by walls and flooring.

Asia Pacific is the largest regional market for waterproofing chemicals and is expected to exhibit the largest CAGR, 10.88%, over the forecast period.