Overview and Scope
Waterproofing chemicals refer to chemicals that are used to make a building or object waterproof, such as concrete, paints, paper packaging, electronics, and cosmetics.
Sizing and Forecast
The waterproofing chemicals market size has grown rapidly in recent years. It will grow from $21.8 billion in 2023 to $24.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to rapid growth in urbanization, infrastructure renewal projects, growing awareness of structural protection, repair and maintenance activities, stringent building codes, real estate development..
The waterproofing chemicals market size is expected to see rapid growth in the next few years. It will grow to $35.98 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to climate change impact, expansion of green roofs, demand for high-performance coatings, resilience against floods, preference for liquid waterproofing, rise in diy waterproofing.. Major trends in the forecast period include technological advancements in formulation, polyurethane-based waterproofing, smart building technologies, advancements in nanotechnology, market expansion in emerging economies..
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Segmentation & Regional Insights
The waterproofing chemicals market covered in this report is segmented –
1) By Product: Bitumen, Elastomers, PVC, TPO, EPDM
2) By Technology: Preformed Membranes, Coatings and LAMS (Liquid Applied Membrane Systems), Integral Systems
3) By Application: Roofing and walls, Floors and basements, Waste and water management, Tunnel liners, Other Applications
Asia-Pacific was the largest region in the waterproofing chemicals market in 2023. The regions covered in the waterproofing chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increasing building and construction expenditure is expected to propel the growth of the waterproofing chemicals market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. The growing construction industry with rising expenditure fuels the need for waterproofing chemicals as they provide a controlled atmosphere and safeguard the structure and contents. For instance, in June 2021, according to a report published by Canada’s national statistical agency, in Canada, the investment in building construction increased from $14,294 million in April 2019 to $19,273 million in April 2021. Also, in the USA, total construction spending increased by 16% since the pandemic’s onset. Therefore, the increase in building and construction expenditure is driving the growth of the heating equipment market.
Key Industry Players
Major companies operating in the waterproofing chemicals market are focused on developing waterproofing solutions such as liquid waterproofing membranes to meet the growing demand for effective waterproofing solutions for safeguarding walls and roofs in the market. A liquid waterproofing membrane is a coating or substance applied in liquid form to surfaces such as roofs, walls, or other structures to create a seamless and impermeable barrier against water penetration. For instance, in February 2023, Kamdhenu Paints, an India-based paint manufacturer, launched ‘Kamo Damp Proof,’ a new waterproofing product. This elastomeric liquid membrane, reinforced with synthetic fibers, creates a robust and seamless waterproofing layer on surfaces such as roofs and walls. The new product aims to uphold Kamdhenu Paints’ legacy of delivering superior quality and value to consumers.
The waterproofing chemicals market report table of contents includes:
1. Executive Summary
2. Waterproofing Chemicals Market Characteristics
3. Waterproofing Chemicals Market Trends And Strategies
4. Waterproofing Chemicals Market – Macro Economic Scenario
5. Global Waterproofing Chemicals Market Size and Growth
….
31. Global Waterproofing Chemicals Market Competitive Benchmarking
32. Global Waterproofing Chemicals Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Waterproofing Chemicals Market
34. Waterproofing Chemicals Market Future Outlook and Potential Analysis
35. Appendix
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