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Waterproofing Market - Global Outlook and Forecast 2020-2025

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  • 242 Pages
  • August 2020
  • Region: Global
  • Arizton
  • ID: 5137060
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In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Waterproofing Market Report

The waterproofing market by revenue is expected to grow at a CAGR of over 7% during the period 2019–2025.

The global waterproofing market has been intensely propelled by the growth in infrastructural and residential and commercial construction sectors in the last decade. Innovations in waterproofing membranes along with R&D undertakings based on end-user industries, significantly have reduced the production cost of the material. Increasing concerns to protect buildings and constructions from structural damages due to water infiltration are expected to drive the demand significantly during the period 2020–2025. This surge has forced several established waterproofing manufacturers to expand their operations globally. A majority of contractors around the world prefer to use liquid applied and sheet-based membranes, of which, the climatic condition plays a significant role in the durability of waterproof coatings on building structures.

The widespread outbreak of COVID-19 will have prolonged economic fallout in the APAC region during the forecast period. The region is about to suffer a loss of $212 billion due to the corona outbreak. The pandemic has pushed a majority of contractors to close down their projects in the UK and Ireland. This decision has induced an effect on several subcontracting works that heavily rely on construction works and its growth. The construction industry in the Middle East and Africa has been indirectly affected by the widespread of COVID-19 during Q1 of 2020.

The following factors are likely to contribute to the growth of the waterproofing market during the forecast period:
  • Booming Construction Opportunities in Developing Nations
  • Increasing Necessity for Water Management in APAC
  • Increasing Demand for Eco Friendly Materials
  • Efficient and Cost-effective Waterproofing

The study considers the present scenario of the waterproofing market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Waterproofing Market Segmentation

The global waterproofing market research report includes a detailed segmentation by product, raw material, application, and geography. The liquid applied membrane (LAM) segment is expected to reach revenues of over $18 billion by 2025. LAM is widely preferred among builders across the globe due to its easy applicable nature on any surface. The demand for LAM is expected to grow significantly during the forecast period on account of the rise in new construction and refurbished activities. The COVID-19 pandemic has truncated the growth rates, however.

The bitumen segment is expected to capture the highest revenue in the market by 2025. The ease of application over a wide range of construction surfaces and durable structures of waterproofing materials has increased the popularity of the material among construction companies across the world. The increasing construction of industrial roofing systems across the globe is expected to drive the growth of modified bitumen-based waterproofing during the forecast period.

The growing preference for PVC-based waterproofing solutions in commercial and industrial building constructions across the world is influencing the segment. The increasing demand for customized applications is likely to increase the demand for PVC materials significantly during the period 2020–2025 in several urbanized economies. As PVC membranes are easy to install, have high tensile strength, and are durable, a majority of constructors prefer PVC material, which is increasing their market share.

The growth in construction activities in urban areas in countries such as China, India, Mexico, and Gulf Coastal Countries (GCC) and the increase in re-roofing works in developed economies such as the US and European countries have increased the application of roofing waterproofing works significantly. The global demand for eco-friendly materials in waterproof works, especially in roofing, has made several established players increase spending on R&D activities.

The scope for global underground construction works is expected to grow significantly during the period 2020-2025, owing to the increase in investment in infrastructural projects in several emerging economies across the world. Therefore, the increase in infrastructural activities is expected to drive the demand for underground waterproofing materials during the forecast period.

Segmentation by Product
  • Liquid Applied Membrane (LAM)
  • Sheet-based Membrane
Segmentation by Raw Material
  • Modified Bitumen
  • Polyvinyl Chloride (PVC)
  • Ethylene Propylene Diene Monomer (EPDM)
  • Others
  • Ethylene Vinyl Acetate (EVA)
  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
Segmentation by Application
  • Roofing
  • Underground Constructions
  • Walls
  • Others
  • Floorings
  • Roads & Bridges
  • Others


The APAC region is likely to observe the highest CAGR, reaching over $9 billion by 2025. The region is driven by low-cost products, which are expected to grow significantly. The impact of widespread COVID-19 disease in major growing economies across the region is expected to develop a slump in the market for the short term. China, Indonesia, India, and Malaysia are expected to act as potential markets with strong growth for waterproofing materials between 2020 and 2025. Majority of construction companies in the APAC region demand quality and innovative solutions from the manufacturers. Increasing spending on safety features in the construction of residential and commercial constructions is expected to drive the demand for innovations in waterproofing materials in APAC. Moreover, several players in the APAC waterproofing market have increased their investments in R&D to add sustainable solutions in their portfolio. The waterproofing market in India is expected to grow at a CAGR of over 11% during the period 2019-2025 due to increased government initiatives to develop smart city projects across the country.

Segmentation by Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • APAC
  • China
  • Japan
  • South Korea
  • Australia
  • India
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • South Africa
  • UAE


The global waterproofing market share is highly fragmented. Construction Materials, Firestone Building Products, Soprema Groups, Sika AG, and GAF are the prominent vendors in the market. The market is characterized by several major players having different strategies for innovations, expansion of business, agreements with suppliers, and M&A to increase their footprint into rural segments during the forecast period. APAC, Europe, and North America have the highest presence of several vendors in the market. The majority of established manufacturers have increased their focus and strategies into M&A through forwarding or backward integration. M&A activities have supported several manufacturers to expand their market positions and operations.

Prominent Vendors
  • Construction Materials
  • Firestone Building Products
  • Soprema Groups
  • Sika AG
  • GAF

Other Prominent Vendors
  • Chryso
  • Copernit
  • Derbigum
  • Parex
  • Asia Mortar
  • EP Borneo
  • Tremco
  • Maris Polymers
  • KCC
  • Kemper System
  • Covestro
  • Alchimica
  • Isomat


1. What is the waterproofing market size and growth rate during the forecast period??
2. Which product/raw material/application/region are generating the largest revenue in the waterproofing market?
3. What are the drivers, trends, and restraints influencing the growth of the waterproofing market?
4. Who are the leading vendors in the waterproofing market, and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the waterproofing market share?

Table of Contents

1 Research Methodology2 Research Objectives3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance7 Introduction7.1 Overview
8 Market Opportunities & Trends
8.1 Lower Bank Rates In Developing Countries
8.2 Construction Opportunities In Developing Nations
8.3 Rising Necessity For Water Management In APAC
8.4 Rising Demand For Eco-Friendly Materials
9 Market Growth Enablers
9.1 Efficient & Cost-Effective Waterproofing
9.2 Increasing Public Infrastructure Projects
9.3 Increasing Constructions In Developed Economies
9.4 Advanced R&D By Major Players
10 Market Restraints
10.1 Global Impact Of Covid-19
10.2 Lack Of Skilled Labor
10.3 Fluctuations In Raw Material Prices
11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast (Value & Volume)
11.3 Five Forces Analysis
12 By Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Liquid Applied Membrane
13 By Raw Material
13.1 Market Snapshot & Growth Engine By Value
13.2 Market Snapshot & Growth Engine By Volume
13.3 Market Overview
13.4 Modified Bitumen
13.5 PVC
13.6 EPDM
13.7 Others
14 By Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Roofing
14.4 Underground Constructions
14.5 Walls
14.6 Others
15 By Geography
15.1 Market Snapshot & Growth Engine
15.2 Geographic Overview
16.1 Market Overview
16.2 Market Size & Forecast (Value & Volume)
16.3 Raw Material
16.4 Product
16.5 Application
16.6 Key Countries
17 Europe
17.1 Market Overview
17.2 Market Size & Forecast (Value & Volume)
17.3 Raw Material
17.4 Product
17.5 Application
17.6 Key Countries
18 North America
18.1 Market Overview
18.2 Market Size & Forecast (Value & Volume)
18.3 Raw Material
18.4 Product
18.5 Application
18.6 Key Countries
19 Middle East & Africa
19.1 Market Overview
19.2 Market Size & Forecast (Value & Volume)
19.3 Raw Material
19.4 Product
19.5 Application
19.6 Key Countries
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast (Value & Volume)
20.3 Raw Material
20.4 Product
20.5 Application
20.6 Key Countries
21 Competitive Landscape
21.1 Competition Overview
22 Key Company Profiles
22.1 Carlisle Construction Materials
22.2 Firestone Building Products
22.4 SIKA AG
22.5 GAF
23 Other Prominent Vendors
23.3 Derbigum
23.4 PAREX
23.9 KCC
23.13 ISOMAT
24 Report Summary
24.1 Key Takeaways
24.2 Strategic Recommendations
25 Quantitative Summary
25.1 Market By Raw Material
25.2 Market By Product
25.3 Market By Application
25.5 APAC
26 Appendix
26.1 Abbreviations

Companies Mentioned

  • Construction Materials
  • Firestone Building Products
  • Soprema Groups
  • Sika AG
  • GAF
  • Chryso
  • Copernit
  • Derbigum
  • Parex
  • Asia Mortar
  • EP Borneo
  • Tremco
  • Maris Polymers
  • KCC
  • Kemper System
  • Covestro
  • Alchimica
  • Isomat


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.