Waterproofing systems are procedures and materials meant to prevent water or moisture from penetrating buildings or structures. They aid in protecting against water damage, mold growth, and structural deterioration by forming a barrier that keeps water out. Waterproofing can be applied to a variety of surfaces, including roofs, foundations, basements, and walls, to preserve the durability and integrity of a structure.
The global waterproofing systems market size is projected to reach USD 85.9 billion by 2027 at a CAGR of 7.0% between 2022 and 2027. The demand for waterproofing systems in building structures is increasing owing to the growth in construction activities.
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Rising investments in public infrastructure.is a major demand booster for waterproofing systems market. Growing demand for cost-effective and efficient waterproofing systems from the construction industry in emerging economies is driving the market. Industrial development in emerging economies and the growing demand for environment-friendly waterproofing systems have created growth opportunities for the market players. However, volatility in raw material prices and potential health issues related to the use of waterproofing systems are hampering the market growth.
Roofing & walls is the second-largest application of waterproofing systems. Roofs are the most affected parts of buildings directly impacted by weather conditions. Torch applied bituminous membranes, EPDM membranes, and liquid applied membranes are some of the materials utilized for waterproofing of roofs. Walls are affected by the direct effects of weather conditions such as sunlight, rain, and snow. The first sign of water ingress is visible on internal walls, causing dampness in rooms. Elastomeric, acrylic, cementitious, and other waterproofing materials are utilized in waterproofing walls.
Based on region, waterproofing systems have been segmented into Asia Pacific, North America, Europe, Middle east & Africa, South America. North America is the second largest market and share around 24.1% of overall market in 2021. Increase in the demand for residential and industrial infrastructure are driving the market in this region. The US is the largest consumer of waterproofing systems in the region. The US accounted for 70% of the waterproofing systems market in the region, in 2021. Mexico is the fastest growing market in this region with CAGR of 6.5% during the forecast period.
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The key players in the market for waterproofing systems are Sika AG (Switzerland), Soprema (France), GCP Applied Technologies (US), Fosroc (UK), Mapei S.p.A (Italy), Carlisle Construction Company (US), Tremco (US), Pidilite Industries (India), and Henkel Polybit (UAE). By adopting strategies, such as expansions, mergers & acquisitions, agreements & partnerships, and launch of new product, these players have established a strong foothold in the market
