Waterproofing Systems Market: Size, Dynamics, Regional Insights and Market Segment Analysis 2023-2029

Waterproofing Systems Market was valued at USD 61.30 Billion in 2022, and it is expected to reach USD 99.08 Billion by 2029, exhibiting a CAGR of 7.1 % during the forecast period (2023-2029)

Waterproofing is the process of making an object or building waterproof or water-resistant such that it is generally unaffected by water or resists water infiltration under certain conditions. These things can be employed in damp situations or at specific depths underwater. Waterproofing Membranes, Waterproofing Chemicals, and Integral Systems are examples of Waterproofing Systems. Water conservation, transportation, and purification become more important when the distribution of precipitation varies regionally and seasonally. Waterproofing membranes are widely employed in the water and waste management industries. China is Asia Pacific's largest buyer of waterproofing membranes for waste management. In terms of revenue, Asia Pacific is expected to be the fastest expanding market for waterproofing systems.

Rising industrialisation in India and China, along with increased infrastructural development, is likely to drive market expansion. Furthermore, the growing roofing and waste management industries are propelling market expansion in this area. The use of waterproofing membrane in mining applications is predicted to drive growth in Asia Pacific. Price fluctuations, as well as a lack of raw materials needed to manufacture waterproofing membranes, are expected to stymie industry expansion. Fluctuating raw material costs are most likely to raise the overall cost of waterproofing membrane manufacture, reducing demand. Furthermore, a lack of raw material supply is expected to stymie the expansion of the global waterproofing membranes market due to a rise in demand and a supply gap.To know about the Research Methodology :- Request Free Sample Report
Waterproofing Systems Market Dynamics
The Α Technology and Rapid-Curing Resin Technology

Rising industrialisation in India and China, along with increased infrastructural development, is likely to drive market expansion. Furthermore, the growing roofing and waste management industries are propelling market expansion in this area. The use of waterproofing membrane in mining applications is predicted to drive growth in Asia Pacific. Price fluctuations, as well as a lack of raw materials needed to manufacture waterproofing membranes, are expected to stymie industry expansion. Fluctuating raw material costs are most likely to raise the overall cost of waterproofing membrane manufacture, reducing demand. Furthermore, a lack of raw material supply is expected to stymie the expansion of the global waterproofing membranes market due to a rise in demand and a supply gap.

The rapid-curing resin technique is typically used for inhabited building balconies and external pathways. Roofing and waterproofing are two applications for this technique. The cold-liquid applied reinforced membrane system is the foundation of this technology. The membrane system can be deployed as a whole edge-to-edge membrane system or in isolated areas to handle specific situations. Because of the rising need for waterproofing membranes around the world, these technologies are trending in the market.

Growing Construction Industry in Asia Pacific Region

Due to growing urbanisation and a growth in population in the region, Asia Pacific is likely to see an increase in construction spending over the forecast period. Over the next decade, the Asia Pacific capital project and infrastructure industry is expected to grow at a 7.0% to 8.0% annual rate, totaling USD 5,300 billion by 2025 and accounting for almost 60.0% of the global total market. CAPA's upcoming airport building projects in Asia are likely to propel market growth. Furthermore, the development of new construction and building projects in Asia is expected to drive market growth. The construction business in China and India is expected to develop significantly as a result of rising disposable income and increased government expenditure on massive infrastructure projects. China's ongoing need for industrial, residential, and infrastructure development has necessitated the need for new building projects.

Over the next eight years, building demand is likely to be boosted by strong economic development and the elimination of impediments to foreign investment in India. Vietnam and the Philippines are also becoming more appealing markets as the region's population grows, urbanisation accelerates, and economic growth accelerates. South Korea's construction sector is expected to develop rapidly as a result of private and state investments in commercial, industrial, and infrastructural projects. With the implementation of projects under the government's economic reform agenda, Malaysia is expected to see rapid expansion in infrastructure.

Growing Water and Waste Management Industry to Boost the Market Growth

Water conservation, transportation, and purification become more important when the distribution of precipitation varies regionally and seasonally. Waterproofing membranes are widely employed in the water and waste management industries. China is Asia Pacific's largest buyer of waterproofing membranes for waste management. Due to fast urbanisation and industry shifts to the region, Asia Pacific has seen exponential rise in industrial operations and industrial waste output. Water conservation, transportation, and purification become more important when the distribution of precipitation varies regionally and seasonally. Waterproofing membranes are widely employed in the water and waste management industries. China is Asia Pacific's largest buyer of waterproofing membranes for waste management. Due to fast urbanisation and industry shifts to the region, Asia Pacific has seen exponential rise in industrial operations and industrial waste output.

Growing Polyurethane Liquid Membranes Demand to Create Opportunities

Polyurethane liquid membranes have a strong presence in the worldwide roofing and waterproofing sectors. The membranes are primarily sold to the very profitable and crisis-resistant small and medium-sized roof restoration sector. The global liquid membrane market is fragmented and only supplied by regional or local vendors. Because of their improved qualities such as durability, adaptability, good strength-to-weight ratio, and better insulating capabilities, market growth for these membranes is disproportionately high. Polyurethane liquid membranes outperform traditional waterproofing membranes due to their application in geometrically complex connections and low energy consumption. These membranes have significant advantages over typical waterproofing systems, especially where seamless systems are sought, either visually or physically.

The use of low-quality construction materials in the past, followed by inadequate building structure maintenance, is expected to create a large market for repair and rehabilitation, further boosting the usage of polyurethane liquid membranes. Growing urbanisation and industrialisation, as well as increased infrastructure investment, are predicted to stimulate demand for polyurethane membranes in developing countries such as India, China, and Brazil. Furthermore, governments in both developing and wealthy countries have recognised the importance of infrastructure development in terms of both sustainability and durability. This is fueling demand for green buildings, creating a massive market potential for polyurethane liquid membranes.

Lack of Awareness Regarding Construction Chemicals to Restraint the Market Growth

Low contractor understanding of the proper type and quality of building chemicals for long-lasting constructions is likely to limit the adoption of waterproof membranes in the construction sector. The manufacturer has not conducted considerable research into the material's durability. Furthermore, the sector lacks essential consumer construction requirements. The success of waterproofing is dependent on the use of goods according to specifications. However, because there are currently no rules in place, any manufacturer may become a waterproofing applicator. Due to a lack of knowledge, the industry is also subject to intense competition from abroad, where businesses offer cheaper costs without regard for quality or standards.
Waterproofing Systems Market Segment Analysis
Base on Type, the market is segmented into Waterproofing Membranes, Waterproofing Chemicals, and Integral Systems. Waterproofing membranes prevent water from entering a building structure. This category accounts for the majority of the waterproofing systems market. These membranes come in two varieties: sheet membranes and liquid applied membranes. Sheet membranes are more popular than liquid applied membranes due to their lower cost and simplicity of use. Waterproofing membranes are simple to use, offer effective waterproofing, have a long lifespan, and are easily changeable.

The liquid applied membrane product segment dominated the membranes segment due to increased knowledge of the product's benefits such as cost-effectiveness and ease of installation. Furthermore, rising worldwide infrastructure in terms of water conservation and treatment is predicted to drive up demand for liquid-applied membranes in the future years. Polyurethane liquid applied membrane revenue is predicted to expand at a substantial pace of 8.8% during the forecast period. It has a homogeneous thickness, making it suitable for a wide range of applications. These membranes are commonly used for waterproofing roofs, moist rooms, water and sewage treatment facilities, stadium stands, and other purposes.

Based on Application, the market is segmented into Building Structures, Roofing & Walls, Waste & Water Management, Roadways, Others. Water management operations include big water tanks, sewers, treatment tanks, spillways, channels, inlets, water treatment facilities, and wastewater treatment utilities. In these applications, waterproofing materials such as polyurea, PU, epoxy, cementitious, and crystalline membrane systems are used. Waterproofing is used in water and wastewater treatment plants on pretreatment tanks, primary sedimentation tanks, secondary sedimentation tanks, biological treatment tanks, sludge tanks, tertiary treatment tanks, equalisation tanks, operating facilities, and other structures. Proper waterproofing is necessary to safeguard these equipment and institutions from damage and to ensure long-term service life. The expanding water management demands caused by urbanisation and industry are attributable to the market's rapid rise.

Roofing application expansion can be ascribed to its increasing use in the Asia Pacific area for residential home development. Furthermore, due to increased exposure to precipitation and environmental moisture, demand for sheet membranes for roofs is likely to boost the roofing sector market over the next seven years. The building structure is predicted to increase at a 7.6% annual rate in terms of revenue during the forecasted period, owing to its widespread use in construction to extend shelf life and protection at varied temperatures. Furthermore, the growing usage of sheet membrane materials for flooring applications in buildings is likely to boost market growth.
Regional Insights
In terms of revenue, Asia Pacific is expected to be the fastest expanding market for waterproofing systems. Rising industrialisation in India and China, along with increased infrastructural development, is likely to drive market expansion. Furthermore, the growing roofing and waste management industries are propelling market expansion in this area. The use of waterproofing membrane in mining applications is predicted to drive growth in Asia Pacific.

Growing urbanisation in the area, particularly in China and the Philippines, is predicted to drive urban population growth. This tendency will increase city congestion, which will raise utility consumption, which is predicted to boost housing demand in the region. The tendency is likely to continue during the forecast period, bolstering market growth for waterproofing systems in the area. The low cost of cementitious membranes, along with the region's easy access to raw materials, is likely to drive expansion during the forecast period. The region's scarcity of trained workers is also likely to favour cementitious liquid applied membranes over other membranes.

Rising worries about water and waste management in Europe are expected to fuel demand for waterproofing solutions in the area. Construction spending is likely to have a favourable influence in Eastern Europe. Poland is the fastest growing country in Eastern Europe, followed by Russia and Turkey. According to the Committee for European Construction Equipment, the European construction sector will rise by +2.2% in the following years.

The revival of the construction sector, together with increased investment in Eastern European economies, is predicted to boost demand for liquid applied membranes during the next seven years. The rising demand for bio-based waterproofing solutions is expected to provide new avenues for market growth over the next seven years. The European market for waterproofing systems is likely to gain from the rebound in the residential and commercial building sectors. The European market has seen a large rise in building activity, which may be immediately translated into higher product demand. Because of the increasing pace of immigration, the market is likely to be primarily pushed by the developing residential sector.

Because of the revival of the building sector, notably in the United States, North America is expected to be a key market for waterproofing systems. The market is predicted to expand further as a result of different mergers and acquisitions, innovations, expansions, and product launches. The waterproofing application's roofs and walls are expected to have a large possibility for expansion, thereby enhancing the region's waterproofing membranes market.

This area is home to many significant companies in the waterproofing membranes industry, including Dow Chemical, Kemper System, and DuPont. Increasing R&D spending to improve bitumen qualities is expected to drive its demand in the liquid applied membranes market over the forecast period. Rising research studies on the usage of waterproofing membranes for walls are expected to have a favourable influence on the market during the forecast period. Newton Waterproofing created a cutting-edge single component liquid waterproofing membrane that creates an elastomeric polymer on the surface of the wall, making it rainproof and capable of withstanding severe building vibrations.
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Waterproofing Systems Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 61.30 Bn.


Forecast Period 2023 to 2029 CAGR:
7.1%
Market Size in 2029:
US $ 99.08 Bn.


 Segments Covered:
by Type
Waterproofing Membranes
Waterproofing Chemicals
Integral Systems


by Raw Material
Modified Bitumen
PVC
TPO
EPDM
HDPE
LDPE


by Application
Building Structures
Roofing & Walls
Waste & Water Management
Roadways
Others



by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Waterproofing Systems Market, Key Players are:
1. BASF SE
2. SOPREMA S.A.S.
3. Henkel Polybit
4. Henkel AG & Co. KGAA
5. MAPEI S.p.A.
6. Pidilite Industries Ltd.
7. Tremco Incorporated
8. ALCHIMICA S.A.
9. Bostik
10.CHRYSO
11.Elmich
12.Siplast
13.STP Limited
14.KEMPER SYSTEM
15.Johns Manville
16.GMCI BAHRAIN
17.Henry Company
18.IKO PLC
19.Sika AG
20.GCP Applied Technologies
21.Fosroc
22.Carlisle Construction Company

Frequently Asked Questions:

1] What segments are covered in the Global Waterproofing Systems Market report?
Ans. The segments covered in the Waterproofing Systems Market report are based on Type ,Raw Material and Application.

2] Which region is expected to hold the highest share in the Global Waterproofing Systems Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Waterproofing Systems Market.

3] What is the market size of the Global Waterproofing Systems Market by 2029?
Ans. The market size of the Waterproofing Systems Market by 2029 is expected to reach USD 99.08 Bn.

4] What is the forecast period for the Global Waterproofing Systems Market?
Ans. The forecast period for the Waterproofing Systems Market is 2023-2029.

5] What was the market size of the Global Waterproofing Systems Market in 2022?
Ans. The market size of the Waterproofing Systems Market in 2022 was valued at USD 61.30 Bn.