Global Waterproofing Market Key Insights:
- Types Liquid Membrane, Cementitious Membrane, Bituminous Membrane, Thermoplastic Membrane, Others
- Global Waterproofing Market Overview
- Market Performance & Price Trends 2018
- Market Analysis & Outlook 2019-2024
- Demand by Application & Region
- Capacity Addition & Plant Turnarounds
With the volume of construction output expected to grow at 85% to $15.5 trillion worldwide by 2030, with three countries, China, US and India, leading the way and accounting for 57% of the total growth, the market for waterproofing is projected to see further growth at CAGR of 9.2%.
The growth of the waterproofing market is driven by its increasing applications in various end-use industries like construction. Rising construction activities, due to growing population in China and other developing countries, have provided an added impetus to the market. Mining, and water and waste management industries are other end-use sectors driving the market growth along with a rising overall demand for waterproofing.
Properties and Applications
Waterproofing is done on a building or any other infrastructure to prevent water from entering the structure and causing damage. It creates an impervious barrier protecting the structure from water seepage and leakages during weather conditions like rains. By making the surfaces of the building like roofs, walls, foundation surfaces and other parts integral in maintaining the structural integrity of the building, waterproof, the process prevents buildings from water damage and increases their life. Waterproofing also ensures that the structure is protected from any chemical damage and corrosion.
The market is divided into the following types:
- Liquid Membrane
- Bituminous Coating
- Polyurethane Membrane
- Cementitious Membrane
- Bituminous Membrane
- Thermoplastic Membrane (PVC, Others)
Liquid membranes were preferred over other waterproofing methods in 2016 due to their high efficiency and their low-cost. The innovations in liquid membranes have provided further impetus to the market. Within liquid membranes, acrylic membranes are expected to see a healthy growth in the coming years as they provide protection to roofs against weather conditions like hail storms, snow and heat. The market for bituminous membranes will also grow in the forecast period because of their rising demand due to their durability and high tensile strength.
The global construction industry is expected to reach USD 8 trillion by 2030 and will aid the growth of the waterproofing market in the forecast period. Waterproofing mostly finds its application in the following segments:
- Roofs and Balconies
- Parking Deck
- Tunnel Liners
- Bridges & Highways
In 2017, waterproofing was most widely used to protect roofs which are especially vulnerable to the changing climates, water and chemical damage.
The global waterproofing market has been propelled by the growing infrastructure and construction sectors along with a growing demand for waterproofing in end-use sectors like water and wastewater management. Innovations in liquid membranes along with R&D undertakings looking to decrease their production costs will further aid the waterproofing market. Government backed initiatives will further augment the market growth.
The Asia Pacific region leads the global waterproofing market due to the rising demand for high-quality construction and expanding wastewater management industry. India and China, in particular, dominate the market in the region as they are witnessing a significant rise in industrialization and urbanization leading to an increase in infrastructure projects.
With a mounting focus on water and waste management, along with significant investments in new construction in countries like Russia and Poland, Europe is becoming one of the leading markets for waterproofing. North America is an important market for waterproofing also as it is aiding the growth of the market through the rising applications in construction and mining sectors. Central and South American markets, especially countries like Brazil, Colombia, Venezuela, and Argentina, will see a significant growth in the coming years due to increased government expenditure on infrastructure projects and rising disposable income amongst the middle class.
The waterproofing market report analyses the following key players in the global waterproofing market, including their market share, capacity and latest developments like plant turnarounds, capacity expansions, and mergers and acquisition:
- BASF SE
- DowDuPont Inc.
- Wacker Chemie AG
- Evonik Industries AG.
- Sika AG
- W.R. Grace & Co.
- Pidilite Industries Limited
- Arkema S.A.
EMR’s comprehensive report provides a detailed insight into the regional price analysis and trade data along with SWOT and Porter’s Five Forces of the global waterproofing market.