Waterproofing Products Market by Type (Membranes, Coatings & Sealants) by Application (Roofing and walls, Floors and Basements & Water and Waste Management) by Distribution Channel (Online Retailers, Specialty Product Distributors & Hardware Stores) and Geography - Global Forecast to 2030

Market Size:

The global Waterproofing Products Market was valued at XX in 2020 and is expected to reach around XX by 2028, at a CAGR of about XX% between 2021 and 2028.

Market Overview:

Waterproofing products refer to a range of specialized materials and solutions designed to prevent the penetration of water and moisture into structures, surfaces, or materials. These products are extensively utilized in the construction, infrastructure, and various other industries to create an impermeable barrier that safeguards buildings, foundations, roofs, and other surfaces from water-related damage, corrosion, and deterioration. The primary goal of waterproofing products is to enhance the durability and longevity of structures, thereby mitigating potential risks such as Mold growth, structural weakening, and degradation.

These products come in various forms, including liquid applied membranes, cementitious coatings, bituminous compounds, sheet membranes, and other innovative formulations, catering to specific application needs. By effectively sealing and fortifying surfaces against water intrusion, waterproofing products play a crucial role in ensuring the integrity and resilience of structures, contributing to sustainable construction practices and maintenance.

Market Dynamics: 

The Waterproofing Products market is anticipated to grow in the forecast period owing to driving factors such as the increasing demand for modern infrastructure and buildings, creating a significant need for effective waterproofing solutions to protect these structures from water-related damages. Additionally, the growing awareness among consumers and industries about the importance of preventive maintenance and sustainable construction practices further fuels the demand for waterproofing products.

However, the market also faces certain restraints that could hinder its full potential. One of the primary challenges is the complexity of waterproofing application and the need for skilled labour for proper installation.

Amidst these challenges, several opportunities are present for players in the waterproofing products market. Technological advancements and innovative product formulations offer the potential for more efficient and durable waterproofing solutions. Manufacturers are investing in research and development to introduce eco-friendly and sustainable products, catering to the growing demand for environmentally responsible construction materials.

Drivers:

·         Growing demand for modern infrastructure and buildings

·         Stringent regulations and building codes emphasizing waterproofing requirements

·         Expanding applications in industries such as water & wastewater management, automotive, and electronics

Restraints:

·         Fluctuations in raw material prices, impacting product costs

·         Market fragmentation and competition leading to pricing pressures

Opportunities:

·         Increasing demand for eco-friendly and sustainable waterproofing products

·         Renovation and retrofitting of existing structures requiring waterproofing upgrades

·         Growing opportunities in emerging markets with rapid urbanization

COVID-19 Impact:

The COVID-19 pandemic has significantly impacted the waterproofing products market, bringing both challenges and opportunities to the industry. During the initial phase of the pandemic, widespread lockdowns and restrictions on construction activities and infrastructure projects hampered market growth. Many construction projects were put on hold or delayed, leading to a decline in demand for waterproofing products. The disrupted supply chains and logistical challenges further exacerbated the situation, causing uncertainties in product availability and increasing costs. However, as the world adapted to the new normal and construction activities resumed in various regions, the waterproofing products market started showing signs of recovery. The pandemic's impact on consumer behaviour and priorities also influenced the market dynamics.

With an increased focus on hygiene and cleanliness, there was a surge in demand for waterproofing products in applications like bathrooms, kitchens, and healthcare facilities Moreover, the pandemic-induced emphasis on sustainable construction practices and building resilience drove the need for innovative and eco-friendly waterproofing solutions. Manufacturers responded to this demand by investing in research and development to introduce products that cater to these evolving requirements.

Segmental Analysis:

The global Waterproofing Products Market is segmented based on Type, Application, Distribution Channel and Region.

Membranes segment to contribute largest share in market 2022.

Based on type market is segmented into Membranes, Coatings & Sealants. Membranes segment to dominate the market due to the waterproofing products market. These are flexible, thin materials that act as barriers against water infiltration. Liquid Applied Membranes (LAMs) and Sheet Waterproofing Membranes are the two primary types of membranes widely used. Liquid Applied Membranes offer ease of application, making them suitable for complex structures and irregular surfaces.

On the other hand, Coatings and sealants are another important segment in the waterproofing products market. Waterproofing coatings are typically liquid formulations that are applied directly to surfaces, forming a protective and waterproof layer. These coatings can be based on various materials, including acrylics, polyurethanes, and silicones. They are suitable for applications such as roof coatings, concrete surfaces, and walls.

Roofing and Walls to share largest revenue in market 2022.

Based on application market is bifurcate into Roofing and walls, Floors and Basements & Water and Waste Management. Roofing and Walls dominates the market due to it  essential to protect buildings from water damage, leaks, and structural deterioration caused by rain, moisture, and extreme weather conditions. Roof waterproofing products, such as liquid applied membranes, bituminous coatings, and sheet membranes, create a seamless and durable barrier, preventing water infiltration into the building's interior.

The floors and basements segment is another significant application area for waterproofing products. Basements, being below ground level, are particularly susceptible to water seepage, and without proper waterproofing, they can face structural issues and water-related damages. Waterproofing solutions for basements include specialized coatings, cementitious waterproofing, and drainage systems to channel water away from the foundation.

While roofing and walls, and floors and basements are dominant in the construction domain, water and waste management represent a unique and crucial application segment in the waterproofing products market. Waterproofing solutions are employed to line water storage reservoirs, sewage treatment plants, and other water containment structures, ensuring that no seepage or leakage occurs, and preserving water quality.

Specialty Product Distributors to hold a major share in market 2022.

Based on distribution channel market is divided into Online Retailers, Specialty Product Distributors & Hardware Stores. Specialty Product Distributors to dominates the market due to these distributors focus on offering a wide array of waterproofing solutions, catering specifically to construction professionals and contractors. They possess in-depth product knowledge and technical expertise, providing valuable guidance to customers in selecting the most suitable products for their projects.

Furthermore, Online retailers' convenience and accessibility of purchasing waterproofing products online have significantly contributed to their popularity. Customers can browse through a wide range of products, compare prices, and read reviews from the comfort of their homes or workplaces. The growing trend of e-commerce has enabled manufacturers and suppliers to reach a broader audience.

While online retailers and specialty distributors lead the market, hardware stores remain a vital distribution channel for waterproofing products. Hardware stores serve as convenient locations for customers to purchase construction materials and DIY products, including waterproofing solutions for smaller-scale projects.

Regional Analysis:

Asia Pacific accounted for the largest revenue share in market 2022.

At the regional level, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East, and Africa. Asia Pacific was the largest regional market in 2022 due to it characterized by rapid urbanization, infrastructural development, and construction activities. The region's increasing focus on sustainable construction practices and the need to safeguard structures from extreme weather conditions and moisture-related challenges drive the demand for waterproofing solutions.

On the other hand, North America, Europe, and the Middle East and North Africa (MENA) regions are significant markets for waterproofing products. In North America and Europe, demand is driven by renovation and infrastructure projects, while MENA experiences growth due to urbanization and expanding construction sectors. Increasing awareness of water damage prevention and climate variations fuel the market's growth in these regions.

Key Market Players:

·         Sika AG

·         BASF SE

·         RPM International Inc.

·         Carlisle Companies Incorporated

·         GCP Applied Technologies Inc.

·         Dow Inc. ()

·         Pidilite Industries Limited

·         Saint-Gobain Weber

·         Mapei S.p.A.

·         Fosroc International Limited

·         GAF Materials Corporation

·         Henkel AG & Co. KGaA

Company overview, financial overview, product portfolio, business strategy, and recent developments for major market players operating in Waterproofing Products Market are included.

Waterproofing Products Market Report Scope:

Attribute

Details

Market Size in 2020

XX Billion

Market Size in 2028

XX Billion

CAGR (%)

XX% from 2021 to 2028

Historic Period

2017 – 2019

Base Year

2020

Forecast Period

2021 – 2028

Segments Covered

Type, Application, Distribution channel and Region

Regional Scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies Profiled

Sika AG

BASF SE

RPM International Inc.

Carlisle Companies Incorporated

GCP Applied Technologies Inc.

Dow Inc. ()

Pidilite Industries Limited

Saint-Gobain Weber

Mapei S.p.A.

Fosroc International Limited

GAF Materials Corporation

Henkel AG & Co. KGaA

The report segments of the global Waterproofing Products Market are as follows:

By Type:

·         Membranes

·         Coatings

·         Sealants

By Application:

·         Roofing and walls

·         Floors and Basements

·         Water and Waste Management

By Distribution Channel:

·         Online Retailers

·         Specialty Product Distributors

·         Hardware Stores

By Region:

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    U.K.

o    Germany

o    France

o    Italy

o    Spain

·        

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Report Detail

  • Status:Published
  • Report Code:NNRR 120
  • No. of Pages:168
  • Published DateAugust 2023
  • Category:Advanced Materials
  • Delivery Timeline:48 hrs

Customized

  • => Region Level Market Share
  • => Import Export Analysis
  • => Additional Company Profiles
  • => Region Specific Market Dynamics
  • => Production Analysis
  • => Additional Countries (Apart From Mentioned Countries)
  • => Country/Region-specific Report