0

Waterproofing Products Market Expected to Reach $66.1 Billion by 2033—Allied Market Research

 
2022
Waterproofing Products Market

Report Code : A31432

quote The global waterproofing products market is driven by the growing construction industry, increased awareness of the importance of waterproofing in infrastructure projects, and the rising demand for durable and sustainable building materials. Regulatory mandates for waterproofing in certain regions act as a restraint, while technological advancements and innovations present opportunities for market growth, encouraging the development of eco-friendly and high-performance waterproofing solutions. quote

Yerukola Eswara Prasad - Manager
Materials and Chemicals at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Waterproofing Products Market," The waterproofing products market was valued at $42.5 billion in 2019, and is estimated to reach $66.1 billion by 2033, growing at a CAGR of 3.8% from 2023 to 2033.

Waterproofing products are materials designed to prevent the ingress of water, protecting structures and surfaces from water damage. These products form a barrier against moisture, preventing leaks and seepage. Common waterproofing materials include coatings, sealants, membranes, and additives that enhance the water resistance of various surfaces such as roofs, basements, and foundations.

They are crucial in construction to ensure the longevity and structural integrity of buildings, as water infiltration can lead to mold growth, deterioration, and structural issues. By creating a watertight seal, waterproofing products contribute to the durability and resilience of structures against the damaging effects of water exposure.

The rise in global concern over waste and wastewater management is anticipated to propel significant growth in the waterproofing products market. As urbanization and industrialization continue to surge, the generation of wastewater has become a pressing environmental challenge. Waterproofing solutions play a pivotal role in preventing water ingress into structures; thereby safeguarding against potential contamination of groundwater and soil by pollutants present in wastewater. This heightened awareness about the environmental impact of inadequate waste and wastewater management is driving increased investments in water-resistant construction materials and technologies.

Governments globally are implementing stringent regulations and standards to address wastewater disposal, creating a conducive environment for the expansion of the waterproofing products market. The construction industry, in particular, is witnessing a growing emphasis on incorporating waterproofing measures to enhance the longevity and sustainability of infrastructure. In addition, the demand for waterproofing products is expected to surge in sectors such as waste containment facilities, sewage treatment plants, and stormwater management systems.

The price and availability of raw materials are key determinants of the pricing of finished goods. The most significant obstacle for the global waterproofing products market is the varying price trends of raw materials, which fluctuate due to volatile energy prices, as the majority of raw materials are petroleum-based.

According to BP data, the average price of oil increased to $70.9/bbl in 2021 from $41.84/bbl in 2020. Consequently, fluctuations in oil prices hurt the expansion of the waterproofing products industry. In addition, employees may be exposed to volatile vapors during the application of waterproofing products such as bitumen-based membranes. These gases may cause nasal discomfort and bronchitis, if exposed for an extended period. Thus, this aspect is projected to hamper the growth of the waterproofing products market.

Technological advancements in waterproofing products present significant opportunities for the market, thus, driving innovation and addressing evolving industry needs. The integration of smart technologies is revolutionizing the market, enabling real-time monitoring and maintenance through sensors and IoT devices. This not only enhances the performance of waterproofing systems but also contributes to cost-effective and efficient building management. Furthermore, the emergence of nanotechnology has paved the way for ultra-thin yet highly durable waterproofing coatings. These nanomaterials provide superior protection against water ingress while maintaining structural integrity.

In addition, the development of green and sustainable solutions aligns with the growing demand for environmentally friendly construction materials. Biodegradable waterproofing products, in particular, respond to heightened environmental awareness and regulations. The market also benefits from the creation of flexible membranes that adapt to structural movements without compromising waterproofing effectiveness. This flexibility ensures longevity and reliability in diverse construction scenarios. Moreover, advancements in fire-resistant waterproofing cater to safety regulations, especially in areas prone to fires.

The global waterproofing products market is segmented into product type, application, and region. By product type, the market is divided into waterproof paints, polymer waterproof sheets, rigid waterproof materials, asphalt waterproof rolls, building seal waterproof materials, and others. By application, it is categorized into roofing and walls, floors and basements, water and waste management, tunnel liners, bridges and highways, and others. region-wise, the market is studied across North America, Europe, Asia-Pacific, South America, and Middle East and Africa.

Based on the product type, the waterproofing products market is classified into waterproof paints, polymer waterproof sheets, rigid waterproof materials, asphalt waterproof rolls, building seal waterproof materials, and others. Polymer waterproof sheets is projected to be the fastest-growing segment and waterproof paints have garnered the highest share in the waterproofing products market.

Based on the application, the waterproofing products market is classified into roofing and walls, floors and basements, water and waste management, tunnel liners, bridges and highways, and others. Floors and basements is projected to be the fastest-growing segment and roofing and walls have garnered the highest share in the waterproofing products market.

The major players operating in the global waterproofing products market are BASF SE, Sika AG, Carlisle Companies Inc., RPM International Inc., GCP Applied Technologies Inc., HOLCIM, Soprema Group, GAF, Henry Company, and The Dow Chemical Company.

Other players operating in the market are Saint-Gobain Weber GmbH, Fosroc Ltd., Maris Polymers, Pidilite Industries Ltd., and Bayer Material Science AG.

Key Findings Of The Study:

  • Based on product type, the polymer waterproof sheets segment is projected to be the fastest growing in terms of revenue, during the forecast period.
  • Depending on application, the roofing and walls segment is the leading segment in terms of revenue, during the forecast period.
  • Region-wise, Asia-Pacific garnered a major share in 2019 in terms of revenue.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Waterproofing Products Market by Product Type (Waterproof Paints, Polymer Waterproof Sheets, Rigid Waterproof Materials, Asphalt Waterproof Rolls, Building Seal Waterproof Materials, Others), by Application (Roofing and Walls, Floors and Basements, Bridges and Highways, Water and Waste Management, Tunnel Liners, Others): Global Opportunity Analysis and Industry Forecast, 2023-2033 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date May 2024

FMCG Packaging Market

Download Sample
rep-img

Published Date May 2024

Pet Insurance Market

Download Sample

Buy Full Version
"Waterproofing Products Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers