Global Waterproofing Systems Market - 2022-2029

Global Waterproofing Systems Market - 2022-2029

Market Overview

The global waterproofing systems market has reached US$ XX million in 2021 and is expected to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period 2022-2029.

The waterproofing system is a collection of interconnected components to prevent moisture infiltration into the facility. In most waterproofing applications, the system configuration is the same. The structural substrate, membrane, flashing and insulation are material components that are common to all types of waterproofing applications.

Waterproofing is the process of creating a waterproof barrier that prevents water from entering or exiting various areas of a building structure. Waterproofing systems are used in various applications, such as roofs, wet rooms, water and sewage treatment facilities, building foundations, retaining walls and tunnels.

Market Dynamics

Significant demand for low-cost, high-efficiency waterproofing systems is expected to drive the global waterproofing system. However, environmental regulations and a lack of expertise are likely to restrain the market.

Significant demand for low-cost, high-efficiency waterproofing systems

There is a significant demand for cost-effective and efficient products, particularly construction projects. Waterproofing systems provide various benefits, including chemical resistance, UV protection, heat resistance, strength and durability, all of which contribute to a structure's longevity. Furthermore, these systems are easy to install and require lesser work, which helps decrease restoration and upkeep costs in both the short and long run across various applications.

Waterproofing systems of ethylene propylene diene monomer (EPDM), PVC and TPO are lightweight and easily transportable. Furthermore, installing waterproofing systems requires far less effort and significantly less than built-up roofing. The factors above reduce the overall cost of waterproofing systems, making them suitable for domestic and commercial sectors to meet their waterproofing needs.

Environmental regulations coupled with a lack of expertise are likely to restrain the market

The inclusion of diluents, solvents and other chemicals in waterproofing systems affects the environment by emitting hazardous gases and VOCs into the air. Several laws governing the manufacture and use of waterproofing membranes have been enacted. For example, waterproofing membranes used for creating and installing membranes and flashings in bathrooms, kitchens and laundries in residential structures should be fabricated and tested by AS/NZS 4858:2004.

Moreover, the market is subjected to a lack of expertise in utilizing the right waterproofing system for durable structures, such as decks, basements and watercraft. As a result, this is expected to restrain the market growth during the forecast period.

COVID-19 Impact Analysis

Several countries' economic growth has slowed due to the COVID-19 pandemic, owing to the stoppage of manufacturing facilities, decreased demand and supply chain disruption. Building and construction industries are the most significant industries that use waterproofing systems, severely impacted by COVID-19.

Because of the pandemic, residential and commercial building has come to a halt. Supply chain interruptions, logistical constraints, workforce unavailability, limited component availability, low corporate cash, demand reduction and manufacturing halt due to lockout in several nations have all harmed the industry.

Segment Analysis

Based on type, the global waterproofing systems market is segmented into waterproofing membranes, waterproofing chemicals, integral systems and others.

A waterproofing membrane is a layer of materials that prevents water from contacting another material placed on top of it. Waterproofing membranes might be adhesive or simply set on top of the substance they are intended to protect. The membranes are constructed from various materials and come in various sizes and thicknesses.

Several varieties of waterproofing membranes are on the market, including reinforced sheet membranes and single-ply membranes. Reinforced sheet membranes are the most commonly employed solution in vertical applications due to their long track record of dependability. Manufacturers in the United States have supplied these systems for over 60 years. Materials for reinforced sheet membranes are created by layering a specifically developed polymer over a reinforcement to form a membrane sheet.

Moreover, single-ply membranes are coated with various films consisting of styrene-butadiene-styrene (SBS), ethylene propylene diene monomer (EPDM), modified bitumen, butyl rubber and catalytically blown asphalt and atactic polypropylene modifications of asphalt.

Geographical Analysis

Based on geography, the global waterproofing systems market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa.

Asia-Pacific is estimated to be the significant market for waterproofing membranes over the projected period owing to increased urbanization, disposable income and thus growing building and construction industry. China, Australia, Korea and India account for the vast majority of demand.

The building and construction in China are the most growing in Asia-Pacific. The market for waterproofing membranes is expanding as China's commercial development, construction and high-end real estate have experienced rapid growth. In addition, the implementation of energy-saving initiatives is likely to stimulate demand for waterproofing systems in the region.

Moreover, India is now under infrastructural development, including the metros, highways and airports aside from commercial and residential building construction various metro rail projects. Therefore, it is projected to stimulate the waterproofing systems market in the region.

Competitive Landscape

The global waterproofing systems market is competitive with the presence of multinational businesses. Major companies in the market include BASF SE, Sika AG, GCP applied technologies, Soprema, Mapei S.P.A, Fosroc, Carlisle Tremco, Construction Company, Henkel Polybit and Pidilite Industries, among others. The major players in the market are known to incorporate numerous market strategies to achieve growth in the global waterproofing systems market; these include mergers, product launches, acquisitions, contributions and collaborations.

BASF SE

Overview: BASF SE is a Germany-based multinational chemical business and chemical producer. The BASF Group has a global presence with subsidiaries and joint ventures in over 80 countries, 6 integrated manufacturing sites and 390 other manufacturing sites throughout Europe, Asia-Pacific, the Americas and Africa. The company's headquarters are in Ludwigshafen, Germany.

Product Portfolio: BASF SE provides commercial waterproofing membrane systems with formulation additives and acrylic latex polymers that provide moisture vapor permeability, water resistance, strength, elongation, crack-bridging and adherence to the underlying substrate.

Key Development:

In January 2020, BASF SE launched a novel waterproofing membrane, MasterSeal 730 UVS, under the Master Builders Solutions brand in Asia to broaden its versatile waterproofing range.

Why Purchase the Report?

To visualize the global waterproofing systems market segmentation by type, material, method, application, end-user and region and understand key commercial assets and players.

Identify commercial opportunities in the global waterproofing systems market by analyzing trends and co-development.

Excel data sheet with numerous data points of waterproofing systems market-level with five segments.

PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.

Product mapping available as excel consisting of key products of all the major market players

The global waterproofing systems market report would provide approximately 77 tables, 83 figures and almost 180 pages.

Target Audience 2022

Service Providers/ Buyers

Industry Investors/Investment Bankers

Manufacturers Companies

Building and Construction Business

Research Professionals