The Waterproofing Chemicals Market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 Million till 2030.
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.
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.
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.
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:
The market consists of types like PVC, EPDM, Bitumen, TPO, and others.
Based on Application, the waterproofing share includes basements, flooring, tunneling, and much more.
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.
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:
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.
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.
|Market Size||2030: USD 32,915.00 Million|
|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 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.