Waterproofing Chemicals Market - Forecasts from 2021 to 2026

The waterproofing chemicals market is expected to grow at a compound annual growth rate of 8.58% over the forecast period to reach a market size of US$43.28 billion in 2026, from US$24.351 billion in 2019. The increasing application of these chemicals across various industries will drive market growth over the forecast period. Increasing awareness regarding the importance of using Waterproofing Chemicals is also contributing to the market growth considerably. Government policies promoting infrastructure development in the Asia Pacific, particularly in China, and India is also expected to fuel the demand for these chemicals. New types of Waterproofing Chemicals that possess superior self-adhesion and longevity will also positively impact the growth of the market. However, a vast majority of these chemicals are petroleum-based, making them highly vulnerable to fluctuations in commodity prices. Hence, volatility of the oil prices is expected to be one of the major restraining factors for market growth. The Asia Pacific was the biggest market for these chemicals in 2019 and will continue to dominate the global market over the next six years. China and India are expected to play a major role in the market growth.

Increasing investments in the water and wastewater sector

The market is expected to surge in the coming years, due to the increasing investments in the water and wastewater sector, worldwide. According to the data given by the United Nations report, investment needs in water infrastructure significantly exceed overall current financing flows. The report had also stated that total investments are projected to increase to US$6.7 trillion by 2030 and around US$22.6 trillion by 2050. Various countries have been making significant developments in the market. For instance, India, according to the India Investment Grid, there have been around 497 opportunities in water treatment plants, with worth around US$107.07 billion. Major companies have been making significant developments in the market. For instance, Waterseal Waterproofing, one of the key players in the market, provides a wide range of Waterseal Silicone Polymers-based coating for tank waterproofing. These trends and developments are expected to play a major role in the market growth, in the coming years.

Key Developments:

Major companies have been making significant developments in the market.

• In August 2021, Sika, one of the major players in the market, announced the acquisition of Shenzen Landun Holding Co., Ltd., a producer of waterproofing systems in China. The firm has been offering a wide range of waterproofing technologies and products, such as coatings and membranes for different types of waterproofing applications.
• In June 2021, JSW Cement announced that it had entered into the construction chemical business with the launch of a novel and unique green product range. The construction chemicals by the company include Krysta Leakproof crystalline waterproofing compound, Enduro Plast Readymix plaster, and others. The company had stated that their waterproofing compound would be used in cementitious and concrete mortars in construction projects.
• In February 2021, Nippon Paint announced a strategic partnership with major and key players knowns as CCPL. Under this novel partnership, CCPL would produce and supply waterproofing grades to Nippon Paint India. These trends and developments are expected to play a major role in the market growth, in the coming years.

Growth in the construction sector

The market is expected to be driven by the growth in the construction industry, globally. According to the U.S Department of Commerce's Census Bureau, around 50% of construction spending in the United States is generated from the housing sector. In the month of October 2020, US$1.48 trillion was spent on construction, out of which US$646 billion was spent in the housing and residential sector. China is one of the major economies, which is expected to drive the market in the coming years. According to the National Development and Reform Commission, the construction of major projects in the country has surged in recent years, from waterways, highways to residential projects. In India, the country's government announced that it had launched a program to build housing for all by the year 2022, which is expected to drive market growth in the coming years. The government of India had set up a fund for housing, under the National Housing Bank. The continuous spending in the housing and residential sector is expected to drive market growth. Major companies have been making significant developments in the market. For instance, Dr. Fixit, one of the key players in the market, provides a wide range of solutions for waterproofing a novel home or for repair. The company's product range includes a variety of novel construction waterproofing chemicals for all major surfaces, such as internal walls, structure, external walls, roof, water bodies, and bathrooms. These trends and developments are expected to play a major role in the market growth, in the coming years.

Segmentation:

By Membrane type

• Bitumen
• Elastomers
• PVC
• TPO
• EPDM
• Others

By End-user industry

• Construction
• Textile
• Water & Wastewater Management
• Others

By Geography

• North America
• USA
• Canadá
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Australia
• Others