Waterproofing Solutions Market - Forecast(2024 - 2030)

Report Code: CMR 60030 Report Format: PDF + Excel
Waterproofing Solutions Market size is forecast to reach $42 billion by 2025, after growing at a CAGR of 7.2% during 2020-2025, owning to increasing government investments on infrastructure developments in the Asia Pacific, particularly in India, China, and Indonesia and increasing usage of waterproofing solutions in the mining industry. In addition, increasing waste & water management activities in these countries have also triggered the demand for waterproofing globally. Waterproofing solutions ensures longer durability of structure, hence reduces maintenance cost. Water damage can lead to corrosion of metals, electrical hazards, rotting of timber structures and finishes, plasterboard swelling, and growth of fungus which may lead to health hazards. Therefore, in order to reduce these risks waterproofing usage is increasing. 

Key Takeaways
  • 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.  
  • 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 solutions a necessity as it gives a longer life to the structure.
  • In addition, growing applications in water management, geomembranes, and tunnel liners are expected to drive the waterproofing solutions market.
Raw Material - Segment Analysis
Thermoplastic Polyolefin (TPO) held the largest share in the waterproofing solutions 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 solutions market in 2019 and is growing at a CAGR of 8.3% 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 solutions are widely used in roofs and walls. The usage of waterproofing solutions 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 solutions market in 2019 up to 37%, 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 solutions 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.

Drivers – Waterproofing Solutions Market

  • Increasing demand for waterproofing solutions in mining applications.
Waterproofing solutions are suitable for mining applications due to their strong durability in exhaustive climates. The key applications of waterproofing solutions in mining industry is to prevent mine explosives and fuse, damaging from exposure to elements such as water and moisture. Waterproofing solutions are important for electrical substations in underground mines as it keep electrical equipment dry and free of corrosion. Waterproofing solutions are used in structures such as tunnels, mine shaft linings and dam walls.  According to International Energy Agency (IEA), international coal trade grew by 4% in 2018, surpassing 1.4 billion tonnes. In addition, trade of other metals such as gold, aluminum, copper and iron ore are also increasing. Therefore, the growth in mining industry is supporting waterproofing solutions market growth,
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 solutions. Since the building & construction industry is stagnant in developed regions, waterproofing solutions are mostly required in these regions for applications related to repairs.  However, the demand for waterproofing solutions is increasing in developing regions, with modern construction projects coming in. 
Challenges – Waterproofing Solutions Market 

  • 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 solutions 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 solutions market growth.  In addition, while applying waterproofing solutions such as the bitumen based membranes, 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 solutions market growth.  

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Waterproofing Solutions Market. In 2019, the market of Waterproofing Solutions Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Waterproofing Solutions market are Sika AG, BASF SE, Carlisle Cos. Inc., RPM International Inc., GCP Applied Technologies Inc, Firestone Building Products Company, LLC, Soprema Group, The Dow Chemical Company, GAF Materials Corporation, among others.  

Acquisitions/Technology Launches
  • In April 2018, BASF launched “XolutecTM” waterproofing solution for wastewater treatment plants and harsh chemical environments.
  • In July 2015, BASF launched “MasterPel 777” a waterproofing solution for concrete protection.

1. Waterproofing Solutions Market - Overview
        1.1 Definitions and Scope
2. Waterproofing Solutions Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Waterproofing Solutions Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Waterproofing Solutions Market - Startup companies Scenario Premium
        4.1 Top 10 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 Solutions Market - Industry Market Entry Scenario 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 10 companies
6. Waterproofing Solutions Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        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 Solutions Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Waterproofing Solutions Market - By Raw Material (Market Size -$Million / $Billion)
8.1 Bitumen
8.2 PVC
8.3 TPO
8.4 EPDM
8.5 HDPE
8.6 LDPE
9. Waterproofing Solutions Market - By Type(Market Size -$Million / $Billion)
9.1 Membranes
9.1.1 Cold Liquid Applied Membranes
9.1.2 Hot Liquid Applied Membranes
9.1.3 Fully Adhered Sheets
9.1.4 Loose Laid Sheets
9.2 Chemicals
9.3 Coatings
9.3.1 Cementitious Coatings
9.3.2 Water Based Coatings
9.3.3 Epoxy Based Coatings
10. Waterproofing Solutions - By Application (Market Size -$Million / $Billion)
        10.1 Segment type Size and Market Share Analysis
        10.2 Application Revenue and Trends by type of Application
        10.3 Application Segment Analysis by Type
10.3.1 Roofing & Walls
10.3.2 Floors & Basements
10.3.3 Water & Waste Management
10.3.4 Tunnel Liners
10.3.5 Bridges & Highways
11. Waterproofing Solutions- By Geography (Market Size -$Million / $Billion)
        11.1 Waterproofing Solutions Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
         Rest of North America
        11.3 Waterproofing Solutions- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
         Costa Rica
         Rest of South America
        11.5 Waterproofing Solutions- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
         Rest of Europe
        11.7 Waterproofing Solutions - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
         South Korea
         Hong kong
         Rest of APAC
        11.9 Waterproofing Solutions - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
         Saudi Arabia
            11.10.6 Africa Segment Analysis
         South Africa
         Rest of Middle East & Africa
12. Waterproofing Solutions Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Waterproofing Solutions Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Waterproofing Solutions Market - Key Company List by Country Premium
15. Waterproofing Solutions Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Carlisle Company Inc
        15.3 Chryso Sa
        15.4 Derbigum Manufacturing Ltd
        15.5 Dowdupont
        15.6 Drizoro S.A.U
        15.7 Firestone Building Product
        15.8 Fosroc International Limited
        15.9 Gaf Material Corporation
        15.10 Gse Environmental
        15.11 Iko Industry Ltd
        15.12 John Manville
        15.13 Juta A S
        15.14 Mapei S.P.A
        15.15 Pidilite Industry Limited
        15.16 Renolit Se
        15.17 Schluter-Systems Ltd
        15.18 Sika Ag
        15.19 Solmax International Inc
        15.20 Soprema Group
        15.21 Company 20
        15.22 Company 21 & More
*Financials would be provided on a best efforts basis for private companies
16. Waterproofing Solutions Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Waterproofing Solutions Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends