Waterstop Market by Type (External Waterstop, Internal Waterstop, Expansion Waterstop), by Material (PVC Waterstop, Rubber Waterstop And Other) and Region - Forecast 2022- 2030

Waterstop Market Overview

Waterstop Market Size was valued at USD 2056.20 million in 2022. The Waterstop industry is projected to grow from USD 2152.84 million in 2023 to USD 3434.63 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3% during the forecast period (2023 - 2032). According to the reports, the global waterstop market size is expected to witness a magnificent growth rate during the forecast period. Waterstop is a concrete product that is used to block the passage of water in building or construction materials. Waterstop keeps water out by sealing the building joints. Waterstops are made of plastic, steel, and copper with polymer coatings. Growing industrialization in emerging nations, as well as continuous advancements in the building sectors, are significant drivers of the Waterstop market.

A waterstop is a concrete structural element that has the property of preventing fluid flow when implanted in and running continuously through concrete joints. Waterstop is a series of hydrophilic or impermeable strips poured into the concrete at the seams to prevent water from passing through. It is formed as a water bar and intended as a fluid-tight diaphragm. It is commonly employed as an effective barrier against water penetration from the face of a slab or a wall in retaining walls, basements, reservoirs, and tunnel joints. Furthermore, it permits the independent movement of two parts without any restriction, such as tension. Growing industrialization in developing nations and continuous advancements in the building sectors are two important drivers propelling the waterstop market forward. In addition, the market's expansion is aided by the increasing rate of chemical industries. However, the waterstop market may be limited by a lack of customer awareness, greater costs, and technological limits. Wetting and drying Waterstop on a regular basis might cause it to expand and peel away from the wall. As a result, such conditions stifle market expansion. Companies are continuously attempting to focus on creative product development and the launch of the new water stop, which helps to improve the durability of waterstop and overcome restrictions.

This report contains all the information on the global waterstop market outlook and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global waterstop market forecast for 2032 is also included in the report.

Covid 19 Analysis

The COVID-19 epidemic has had a significant influence on the worldwide market for waterstop. The waterstop market is expected to see a temporary downturn as a result of the stoppage of ongoing industrial and commercial processes. Furthermore, social distancing norms and worldwide lockdown cause construction and building initiatives to suffer a short setback. Because a large number of active projects are on pause, the need for water stops for bridges, road embankments, tunnels, water tanks, and swimming pools has decreased. The epidemic had an impact on the global supply chain. Insufficiency in raw material supplies and increased lead times for raw material procurement in upstream channels would stymie production rates, limiting market development.

Competitive landscape

These market participants are focusing on expansions, acquisitions, partnerships, and new product development to expand their business in the prospective markets. They've also been concentrating on strategies including organic and inorganic growth, as well as contracts and investments.

List of the key major companies in the Waterstop Market are

•         Trelleborg Ridderkerk BV


•         Henry Company
  


•         Krystol Group


•         Emagineered Solutions Inc.


•         Foshan Nanhai Fufujing Plastic Hardware Company Limited.


•         BoMetals, Inc.


•         Greenstreak group, Inc.


•         Visqueen Building Products


•         Hengshui Jingtong Rubber Co., Ltd.


•         Mapei Construction Products India Pvt Ltd.
  

Waterstop Market Dynamic

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          Drivers

  
  

During the projected period, the worldwide waterstop market growth is predicted to develop significantly. It's often utilized to block water from flowing through cracks in big plants, reservoirs, locks, and residential constructions. As a result, the demand for waterstop is skyrocketing. Furthermore, market development is aided by growing industrialization in developing economies and chemical industries.

Furthermore, rising demand for housing construction and a high level of disposable income are pushing the market. Furthermore, rising housing demand, expanding urbanization, and other variables are all positive aspects for the Waterstop industry. Government measures to improve infrastructures, such as roads and bridges, are driving up demand for Waterstop.

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          Opportunities       

  
  

Rapid industrialization in developing economies and chemical industries helps to create opportunities for the major key players of the global waterstop market value.

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          Restraints

  
  

The high cost of waterstop, technological restrictions, cycle wetness, and drying of waterstop, which results in a limited product shelf life, are all potential restraints for the worldwide market's growth. Waterstop's market is hampered by a lack of customer knowledge and growing production costs that make these features expensive.

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          Challenges

  
  

The worldwide waterstops market is likely to be limited by issues such as a lack of customer awareness and costly capital investment which can be considered as a major challenge for the key players of the global waterstops market.

Cumulative Growth Analysis

Trelleborg, a global pioneer in technical polymer solutions, has purchased privately held Sil-Pro, LLC in Minnesota, through its business area Trelleborg Sealing Solutions. Sil-Pro is an ISO13485-certified and FDA-registered manufacturer of silicone and thermoplastic medical device components and assemblies. The strategic purchase expands Trelleborg Sealing Solutions' production portfolio and provides capacity for mid-volume silicone products not manufactured by the company.

In May 2019, Sika finalized the acquisition of Parex. Sika and Parex are two solid firms with complementary product offerings and channel penetration. Facade mortars, tile adhesives, and waterproofing mortars are among the products offered by Parex. Parex participates in all aspects of the construction life cycle because to its experience in mortar solutions for rehabilitation and new construction. Sika's growth platform will be strengthened as a result of the purchase of Parex.

Value Chain Analysis

According to ot the reports, the global waterstop market is segmented on the basis of material, type, application, and region. The worldwide market is divided into segments depending on the material, such as flexible PVC, polyethylene, carbon steel, oil-based paints, and so on. The global market is divided into three categories of waterstops: exterior waterstop, internal waterstop, and expansion waterstop. The worldwide market is divided into waterstop welding irons, hog rings, hog rings pliers, and others based on accessories. Water reservoirs and canals, bridges and tunnels, storage tanks, wastewater treatment facilities, and other applications make up the waterstops market. During installation, Waterstops uses methods that push seals into the concrete. Because of their enormous construction structure, water reservoirs and canals account for a considerable portion of the waterstops industry. The bridges and tunnels section, on the other hand, is expected to grow rapidly throughout the projected period.

Waterstop Market Segmentation Overview

The market is segmented on the basis of material, type, application, and region. The global waterstop market trend is expected to witness decent growth during the forecast period.

By Application

Based on the application, the market is segmented into Water reservoirs and canals, bridges and tunnels, storage tanks, wastewater treatment facilities, and others.

By end-users

Based on the propulsion types, the market is segmented into waterstop welding irons, hog rings, hog rings pliers and others.

Regional Analysis

According to the reports, on the basis of region, the global waterstop market is divided into North America, Europe, Asia pacific, and the rest of the world. The waterstop market is primarily supported by construction and building activity. The Asia-Pacific region is expected to account for the lion's share. Due to growing building activity, Asia-Pacific emerging nations such as China and India are projected to hold the highest waterstop market share in the regional industry. Government efforts, such as the creation of smart cities, are giving the industry a significant boost. North America and Europe are followed by Asia and the Pacific Rim. Customers' strong demand and purchasing power have increased demand and strengthened the market for Waterstop. Mechanical waterstops constructed from a wide range of materials are available from manufacturers. There are two materials to choose from: stainless steel and copper. PVC and rubber, on the other hand, are more often utilized materials.

Waterstop Market Report Overview

The following report comprises of –

•         Market overview 


•         Covid 19 Analysis


•         Market Dynamic


•         Drivers


•         Opportunities


•         Restraints 


•         Challenges


•         Cumulative Growth Analysis


•         Value Chain Analysis


•         Segmentation Overview 


•         By Application 


•         By End-Users


•         Regional Analysis


•         Competitive landscape

Recent Developments

•         Trelleborg's anti-vibration solutions have considerably boosted its anti-vibration production capacity in India with the establishment of a state-of-the-art solution manufacturing plant in Bangalore. The new 6,200 square meter location, which opened in April 2019, considerably improves Trelleborg's production capacity for anti-vibration systems in the region and allows local manufacturing of Trelleborg's portfolio for the rail sector. Once operational, the installation will result in enhanced distribution and shorter delivery times for specifiers while reflecting Trelleborg's high manufacturing standards for anti-vibration systems established over seven decades.

Global Waterstops Market Scope

Global Waterstops Market, By Type

• External Waterstops


• Internal Waterstops


• Expansion Waterstops

Global Waterstops Market, By Material

• PVC Waterstops


• Rubber Waterstops


• Metal Waterstop


• Others

Global Waterstops Market, By Region

•         North America

•         Europe

•         Asia Pacific

•         MEA

•         Latin America