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 2027
ID: MRFR/CnM/3115-CR | January 2018 | Region: Global | 123 pages
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 2023.
The Waterproofing Chemical Market Trends are on the rise because of their services related to water penetration. The Waterproofing Chemical is more of a synthetic chemical product that is used for the protection of the water structure from issues related to penetration, as well as percolation. Sometimes, the penetration of excess water in buildings can affect the base of the buildings and have an impact on their life span. This might lead to damages like metal and electrical damages, and different kinds of structural hazards. Waterproofing has its own set of advantages.
Global Waterproofing Chemicals Market Size extends its benefits like low cost of maintenance for the buildings, sustainable edifice, along with the protection of buildings from quick weather changes and extreme conditions.
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 Strategies 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 2023, 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 2016, 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 2023.
Recent Developments:
- August 24, 2021- Sika has announced the acquisition of a manufacturer of waterproofing systems in China, Shenzhen Landun Holding Co., Ltd. The company provides a thorough variety of waterproofing products and technologies, greatly accompanying Sika’s existing portfolio. The mixed offering will offer the latest opportunities to grow in the rapidly-growing Chinese waterproofing market.
Landun is a prominent leader in the waterproofing solutions market with a well-recognized brand and strong customer relationships. The firm functions two modern production plants where it produces a full variety of membranes and coatings for different waterproofing applications, primarily offering commercial and infrastructural projects.
The deal offers a platform for Sika to empower its market position in China and grow in the waterproofing market. The product portfolios of the two firms are majorly corresponding and provide large cross-selling potential with their respective channels. With the two acquired production plants, Sika will be capable of strengthening its local supply chain and carrying its products and services closer to the market. - Tremco launched new products under their brand name of POWERply Endure Membranes. These membranes are sturdy enough to lend support to waterproof roofings after the collaboration. A brand-new production facility for SikaPrrog waterproofing membrane was also introduced in March 2020. This is an investment that is likely to expand and boost the efficiency in manufacturing to match the needs of the growing market.
- Tunneling has become prominent owing to the extraction of minerals or construction of new pathways to connect cities and villages. Roofs and walls can be sustained from collapsing with the help of LAMs. It can be used in car parks, landscapes, sunken areas, and pedestrian areas. It can stop the penetration of water or seepage of other liquids. For instance, ShaliCryl 215 by STP Limited is a polymer capable of resisting moisture and an excellent fit for weather resistance.
- The Elbphilharmonie Concert Hall located in Germany has undergone waterproofing to protect against itself from temperamental climates. The construction group, HOCHTIEF, used waterproofing sealants from Sika AG to highlight the sheen of the architectural marvel. The proprietary Sarnavap 5000 E vapor barrier by Sika has been used to offer a multi-layered barrier to the structure.
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, challenges, as well as the value chain analysis offered by the market globally. The segment analysis covers the growth of the market of 2 forecast years that is 2016, and 2023. 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 |
|
| CAGR | 9.86%(2016–2023) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| 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 |
Frequently Asked Questions (FAQ) :
The global waterproofing chemicals market is expected to reach a valuation of USD 32,915 million by 2023.
The global waterproofing chemicals market is expected to exhibit a strong 9.86% CAGR over the forecast period from 2020 to 2027.
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.
1 Executive Prologue
2 Market Introduction
2.1 Market Definition 14
2.2 Scope of the Study 14
2.2.1 Research Objectives 14
2.2.2 Assumptions 15
2.2.3 Limitations 15
2.3 Markets Structure 15
3 Research Methodology
3.1 Research Process 16
3.2 Primary Research 17
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
4 Market Dynamics
4.1 Introduction 20
4.2 Drivers 21
4.2.1 Surging demand for waterproofing chemicals from rapidly increasing construction activities in developing countries. 21
4.2.2 Growing demand from roofing and walls application 22
4.3 Restraints 23
4.3.1 Cost sensitive nature of market due to the fluctuations of crude oil prices and price conscious consumers 23
4.4 Opportunity 24
4.4.1 Landfill and water management sector is posing as great opportunity 24
4.5 Market Trend 24
4.5.1 Steady rise in consumption of waterproofing chemicals 24
5 Market Factor Analysis
5.1 Supply Chain Analysis 25
5.1.1 Raw Application Suppliers 26
5.1.2 Waterproofing chemicals Manufacturers 26
5.1.3 Distribution Channel 26
5.1.4 End-Use Industry 27
5.2 Porter’s 5 Analysis 27
5.2.1 Threat of New Entrants 28
5.2.2 Threat of Rivalry 28
5.2.3 Threat of Substitute 28
5.2.4 Bargaining Power of Supplier 29
5.2.5 Bargaining Power of Buyer 29
6 Global Waterproofing Chemicals Market, By Type
6.1 Introduction 30
6.2 Bitumen 33
6.3 PVC 35
6.4 TPO 37
6.5 EPDM 39
6.6 Others 41
7 Global Waterproofing Chemicals Markets, By Application
7.1 Introduction 43
7.2 Roofing 46
7.3 Walls 47
7.4 Flooring 48
7.5 Basement 50
7.6 Tunneling 51
7.7 Others 52
8 Global Waterproofing Chemicals Market, By Region
8.1 Introduction 54
8.2 North America 56
8.2.1 U.S 59
8.2.2 Canada 61
8.3 Europe 63
8.3.1 Germany 67
8.3.2 U.K 69
8.3.3 Spain 71
8.3.4 Italy 72
8.3.5 France 74
8.3.6 Poland 76
8.3.7 Rest of Europe 79
8.4 Asia Pacific 81
8.4.1 China 84
8.4.2 Japan 86
8.4.3 India 88
8.4.4 Rest of Asia Pacific 90
8.5 Middle East & Africa 93
8.5.1 Saudi Arabia 96
8.5.2 U.A.E 98
8.5.3 Turkey 100
8.5.4 Rest of Middle East & Africa 102
8.6 Latin America 105
8.6.1 Brazil 108
8.6.2 Argentina 110
8.6.3 Mexico 112
8.6.4 Rest of Latin America 114
9 Competitive Landscape
9.1 Introduction 117
10 Company Profiles
10.1 Sika AG 119
10.1.1 Company Overview 119
10.1.2 Financials 119
10.1.3 Products 119
10.1.4 Strategy 119
10.1.5 Key Developments 119
10.2 BASF SE 120
10.2.1 Company Overview 120
10.2.2 Financials 120
10.2.3 Products 120
10.2.4 Strategy 120
10.2.5 Key Developments 120
10.3 The Dow Chemical Company 121
10.3.1 Company Overview 121
10.3.2 Financials 121
10.3.3 Products 121
10.3.4 Strategy 121
10.3.5 Key Developments 121
10.4 Wacker Chemie AG 122
10.4.1 Company Overview 122
10.4.2 Financials 122
10.4.3 Products 122
10.4.4 Strategy 122
10.4.5 Key Developments 122
10.5 RPM International Inc. 123
10.5.1 Company Overview 123
10.5.2 Financials 123
10.5.3 Products 123
10.5.4 Strategy 123
10.5.5 Key Developments 123
10.6 Pidilite Industries Ltd. 124
10.6.1 Company Overview 124
10.6.2 Financials 124
10.6.3 Products 124
10.6.4 Strategy 124
10.6.5 Key Developments 124
10.7 Mapei S.p.A 125
10.7.1 Company Overview 125
10.7.2 Financials 125
10.7.3 Products 125
10.7.4 Strategy 125
10.7.5 Key Developments 125
10.8 Carlisle Companies Inc. 126
10.8.1 Company Overview 126
10.8.2 Financials 126
10.8.3 Products 126
10.8.4 Strategy 126
10.8.5 Key Developments 126
10.9 Fosroc 127
10.9.1 Company Overview 127
10.9.2 Financials 127
10.9.3 Products 127
10.9.4 Strategy 127
10.9.5 Key Developments 127
10.10 Drizoro S.A.U. 129
10.10.1 Company Overview 129
10.10.2 Financials 129
10.10.3 Products 129
10.10.4 Strategy 129
10.10.5 Key Developments 129
10.11 Conpro Chemicals Pvt. Ltd 130
10.11.1 Company Overview 130
10.11.2 Financials 130
10.11.3 Products 130
10.11.4 Strategy 130
10.11.5 Key Developments 130
10.12 Soprema Inc. 131
10.12.1 Company Overview 131
10.12.2 Financials 131
10.12.3 Products 131
10.12.4 Strategy 131
10.12.5 Key Developments 131
11 Conclusion