Global Waterproofing Systems Market - 2023-2030

Global Waterproofing Systems Market - 2023-2030

Global Waterproofing Systems Market reached US$ 63.8 billion in 2022 and is expected to reach US$ 106.6 billion by 2030, growing with a CAGR of 6.7% during the forecast period 2023-2030.

The rise of smart waterproofing systems equipped with sensors and Internet of Things (IoT) capabilities has enabled real-time monitoring of water ingress. The continuous expansion of the global construction sector has been a major driver for the waterproofing systems market. Both residential and commercial construction projects require effective waterproofing to safeguard against water seepage, leaks and moisture-related issues. As construction activities increase, so does the demand for reliable and advanced waterproofing technologies.

Building Structures segment holds more than 2/3rd share in the market and waterproofing systems are being used more often across the world as a result of increasing demands for protection building structures towards water penetration. The need for waterproofing systems that protect building structures from mold and mildew is growing as a consequence of increased research and development efforts to provide more durable and environmentally friendly waterproofing solutions.

Market Dynamics

Expanding Water and Waste Management Industry

Water management involves tasks such as waterproofing immense water tanks, sewers, treatment tanks, spillways, canals and inlets as well as water treatment facilities and utilities for wastewater treatment. In these applications, waterproofing materials including PU, epoxy, cementitious and crystalline-based 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, equalization tanks, operating facilities and other tanks and structures. To prevent early damage and provide a long service life, proper waterproofing is necessary for this equipment and for the installations. Urbanization and industrialization-driven water management demands are to blame for the market for waterproofing systems' rapid expansion.

Rising Investment in the Construction Industry

The demand for the use of waterproofing systems is anticipated to increase throughout the projected period due to rapid urbanization and the expanding construction industry in developing countries. The demand for waterproofing systems has been rising as a result of rising spending power and rising standards of life, particularly among consumers in many emerging nations, which helps to maintain and protect the integrity of buildings and property. Since they may be put indoors or out, waterproofing materials provide greater flexibility and cost.

In addition to these benefits, there is an increasing need for the use of these systems. The United Nations estimates that between 2030 and 2050, the world's population would increase to 8.5 billion and 9.7 billion, respectively, necessitating the development of additional housing, commercial centers, highways and waste and water management infrastructure.

In China, Brazil, India, Southeast Asia, Russia and other growing countries, there is a lot of room for infrastructure development and improvement. As these membranes are essential to enhancing the general quality and longevity of infrastructure, it is anticipated that the consumption of water-proofing systems will increase.

Rising Prices for Raw Materials

Changes in prices and a shortage of the raw materials required to produce waterproofing systems are anticipated to impede industry growth. The possibility is that rising raw material costs will boost the manufacturing cost of waterproofing systems overall, hence decreasing demand. An increase in demand and a gap in supply are other factors that are anticipated to restrain the growth of the worldwide waterproofing systems market.

According to the China Coatings Industry Association, in early 2022, the cost of the primary raw materials for waterproofing materials has increased significantly year over year, products like asphalt and emulsions have all had growth rates of over 30%. Additionally, the majority of companies in the coatings industry continue to experience losses as a result of the rapid cost growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has impeded economic growth in many countries as a result of the closure of manufacturing facilities, a drop in demand and a disruption in the supply chain. The most significant sectors that utilize waterproofing systems and are negatively impacted by COVID-19 are the building and construction industries.

The pandemic has caused an interruption in home and commercial construction. The sector has been damaged by supply chain disruptions, logistical challenges, worker unavailability, restricted component availability, poor corporate cash, demand decline and manufacturing halts due to lockout in numerous countries.

Segment Analysis

The global waterproofing systems market is segmented based on type, material, method, application and region.

Rising Demand For Waste and Water Management Application

The waste and water management segment holds more than 34.1% share of the global waterproofing systems market. Water management involves tasks such as waterproofing substantial water tanks, sewers, treatment tanks, spillways, canals and inlets as well as water treatment facilities and utilities for wastewater treatment. In these applications, waterproofing materials including PU, epoxy, cementitious and crystalline-based membrane systems are used.

The increasing urbanization and population growth result in higher waste generation and the need for efficient waste management systems. Urban areas also require robust water management infrastructure to meet the growing demand for clean water. Waterproofing systems are essential in constructing and maintaining these facilities, driving their adoption in waste and water management projects.

According to a study released by the Central Pollution Control Board (CPCB) in 2021, the capacity of India's water treatment system is now 27.3% and its sewage system is 18.6% (with an additional 5.2% capacity being built). The capacity for treating waste and sewage in India is more than the 20% global average, but it is still far from sufficient and failing to take prompt action and scale up the capacity for treating sewage might have catastrophic effects.

Geographical Analysis

North America Growing Technological Developments Of Waterproofing Systems

The construction and renovation of infrastructure is a major priority in North America. The infrastructure in the area has to be maintained and repaired to ensure its durability and functionality. The need for waterproofing solutions is fueled by the fact that waterproofing systems are crucial for defending structures from water damage, corrosion and pollution.

Residential, commercial and infrastructural projects are the main drivers of the steadily expanding north american construction market. New building projects, as well as rehabilitation and expansion operations, all result in a demand for waterproofing solutions. The region's market for waterproofing systems is rising owing to the region's expanding building industry which has made the region contribute more than 1/3rd the share globally.

Additionally, Technological developments have an impact on the waterproofing systems market in North America. The performance, durability and simplicity of the installation of waterproofing systems are improved through innovations in materials, installation methods and digital solutions. These developments encourage more acceptance and boost the market's expansion.

Competitive Landscape

The major global players include BASF SE, Sika AG, RPM International Inc., GCP Applied Technologies Inc., Pidilite Industries Limited, Carlisle Companies Inc., DOW, Kemper System America, Inc., Mapei Corporation and Henkel AG & Co. KGaA.

Why Purchase the Report?
• To visualize the global waterproofing systems market segmentation based on type, material, method, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of waterproofing systems market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Technology mapping available as excel consisting of key technologies of all the major players.

The global waterproofing systems market report would provide approximately 70 tables, 78 figures and 181 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies