Waterproofing Chemicals Market - Forecast(2023 - 2028)

Report Code: CMR 0862 Report Format: PDF + Excel
Waterproofing Chemicals Market Overview

Waterproofing Chemicals Market size is forecast to reach $34 billion by 2025, after growing at a CAGR of 9.2% during 2020-2025. Waterproofing chemicals protect the structure from water penetration and percolation. Excessive water penetration in buildings can shorten their life span and cause accidental damage to the structure, apart from electrical, metal, and other structural hazards. Increasing demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and increasing demand for roofing and wall applications are key factors driving market growth. However, the price-sensitive nature of the market due to fluctuating crude oil prices is posing as a substantial obstacle in the growth trajectory of the market. However, the landfill and water management sector is likely to be a great opportunity for further use of waterproofing chemicals in the near future.  

Report Coverage

The report: “Waterproofing Chemicals Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Waterproofing Chemicals Industry.

By Product: Bitumen (SBS Bitumen, APP Bitumen, Others), Polyvinyl Chloride (PVC), Thermoplastic Polyolefin (TPO), Ethylene propylene diene terpolymer (EPDM), Polytetrafluoroethylene (PTFE) and others.
By Technology: Integral Systems, Preformed Membranes, Liquid Applied Membrane Systems, Others.
By Application: Roofing & Wall, Floor & Basement, Water & Waste Management, Tunnel & Landfills, Bridge & Highways, Others.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • Asia Pacific dominates the waterproofing chemicals market in 2019, owning to rising infrastructure development particular in countries such as India, and China, with growing awareness regarding durable construction materials. 
  • Increased construction costs, coupled with rising raw materials and labor costs, have led to the implementation of integral waterproofing agents and solutions for quality building practices.  
  • Majorly used waterproofing chemicals are polyurethane, elastomeric coatings, expanded polyethylene, polysulphide sealants, acrylic polymer and others.
  • Cement-based structures experience immense damping and erosion due to frequent climate change, which reduces the shelf life of residential and commercial buildings. This makes waterproofing chemicals a necessity as it gives a longer life to the structure.
  • Due to the Covid-19 outbreak, most of the countries have issued “stay at home guidance” i.e., lockdown due to which the waterproofing chemicals manufacturers are facing issues such as delays in receiving raw materials, and delayed shipments to the customer. Also, the building and construction activities are stopped, which is hampering waterproofing chemicals market growth. 

Product - Segment Analysis

Thermoplastic Polyolefin (TPO) held the largest share in the waterproofing chemicals market in 2019, as they are highly resistant to moisture and flame, with good flexibility. TPO membranes contain no toxic or hazardous ingredients and are fully recyclable. The Polyvinyl Chloride (PVC) roofing solution is also growing at a faster rate during the forecast period, due to a variety of standout characteristics, such as, durability in harsh weather and temperature extremes, energy efficiency, flame resistance, water repellants, heat and solar reflectance, and others.

Application - Segment Analysis

Roofing and walls segment held the largest share in the waterproofing chemicals market in 2019 and is growing at a CAGR of 9.5%. Leakage in buildings, especially roofs and walls has been a major concern worldwide for years. Water-ponding or the stagnation of water due to rainfall on roofs, and wall causes deterioration of concrete materials, which leads to wreck roof which may cause the entire building to wreck. Thus, in order to avoid such risks waterproofing chemicals are widely used in roofs and walls. The usage of waterproofing chemicals offers several benefits, such as superior fire and wind resistance, very high tensile strength, and waterproofing characteristics.

Geography - Segment Analysis

Asia Pacific held the largest share in the waterproofing chemicals market in 2019 up to 35%, owning to increasing government investments on infrastructure developments primarily in countries such as China, Indonesia, India, and Malaysia. The growth in infrastructure projects is mainly due to an expanding population, resulting in the need for more residential and commercial buildings for various purposes. Construction projects such as ‘100 smart cities’ and ‘Housing for All by 2022’ in India are influencing waterproofing chemicals demand. In addition, in 2019, China government invested 1.9 billion on 13 public housing projects. Therefore, rising construction in these countries are driving waterproofing solutions market growth in Asia Pacific region.  

Waterproofing Chemicals Market Drivers

Booming construction industry in developing nations

Construction is a high-risk industry that includes a wide range of activities, from infrastructure development to renovation that includes residential construction, bridge construction, road paving, and large-scale re-roofing jobs. The increase in these construction activities is creating additional demand in emerging economies such as China, India, and Japan for waterproofing chemicals. For instance, in 2019, China approved to invest $142 billion in 26 infrastructure projects. In addition, according to India Brand Equity Foundation (IBEF), India plans to spend US$ 1.4 trillion on infrastructure in the next five years. Furthermore, the United States is witnessing noticeable investment for residential construction, and the trend is expected to remain the same in the near future. For instance, according to U.S Census bureau, in January 2020 value of construction put in place in residential and nonresidential construction increased to $567,555 million and $470,986 million from $546,532 million and $466,436 million in December 2019. Mexico is also witnessing high housing demand, therefore attracting noticeable investment into construction. For instance, In January 2019, Inter-American Development Bank (IDB) granted local currency financing program to the Mexican company Procsa up to 150 million Mexican pesos ($7.8 million), in order to finance for land acquisition, development and commercialization of housing for low and middle income families in the country. Therefore, the growth in construction projects and investments, is driving waterproofing chemicals market growth. 

Waterproofing Chemicals Market  Challenges

Fluctuating raw materials prices

Price and availability of raw materials are major factors that affect the price of the end products. The major challenge for the global waterproofing chemicals market is the oscillating price trends of raw materials, which are fluctuating due to volatile energy prices, as most of the raw materials are petroleum-based. According to BP statistics, in 2018, average oil price increased to $71/ bbl from $54/bbl in 2017. Therefore, the fluctuation in oil prices are negatively affecting waterproofing chemicals market growth.  In addition, while applying waterproofing chemicals such as the bitumen, workers can be exposed to volatile fumes. Extended exposure to these fumes may lead to health issues such as nasal irritation, bronchitis. Therefore, this factor may also affect waterproofing chemicals market growth. 

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Waterproofing Chemicals Market. In 2019, the market of Waterproofing Chemicals Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Waterproofing Chemicals market are BASF SE, The DOW Chemical Company, Mapei S.P.A, Carlisle Companies Inc., Soprema Group, Pidilite Industries Limited, Fosroc International Limited, Johns Manville Corporation, Drizoro S.A.U, Conpro Chemicals Private Limited, among others.  

1. Waterproofing Chemicals Market - Market Overview
    1.1 Definitions and Scope
2. Waterproofing Chemicals Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Product
    2.3 Key Trends by Technology
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Waterproofing Chemicals Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Waterproofing Chemicals Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Waterproofing Chemicals Market– Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Waterproofing Chemicals Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Waterproofing Chemicals Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Waterproofing Chemicals Market– By Product (Market Size -$Million / $Billion)
    8.1 Bitumen
        8.1.1 SBS Bitumen
        8.1.2 APP Bitumen
        8.1.3 Others
    8.2 Polyvinyl Chloride (PVC)
    8.3 Thermoplastic Polyolefin (TPO)
    8.4 Ethylene propylene diene terpolymer (EPDM)
    8.5 Polytetrafluoroethylene (PTFE)
    8.6 Others
9. Waterproofing Chemicals Market– By Technology (Market Size -$Million / $Billion)
    9.1 Integral Systems
    9.2 Preformed Membranes
    9.3 Liquid Applied Membrane Systems 
    9.4 Others 
10. Waterproofing Chemicals Market– By Application (Market Size -$Million / $Billion)
    10.1 Roofing & Wall
    10.2 Floor & Basement
    10.3 Water & Waste Management
    10.4 Tunnel & Landfills
    10.5 Bridge & Highways
    10.6 Others
11. Waterproofing Chemicals Market - By Geography (Market Size -$Million / $Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Russia
        11.3.7 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 Taiwan
        11.4.5 South Korea
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12. Waterproofing Chemicals Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Waterproofing Chemicals Market- List of Key Companies by Country (Premium) 
15. Waterproofing Chemicals Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"