Global Waterproofing Chemicals Market Overview, 2023-28

Waterproofing chemicals protect the structure from water penetration and percolation. Excessive water penetration in buildings can shorten their life span and cause accidental damage to the structure, apart from electrical, metal, and other structural hazards. Increasing demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and increasing demand for roofing and wall applications are key factors driving market growth. The global waterproofing chemicals market share is witnessing a monumental surge in consumption levels in the construction industry. The global construction industry which constitutes more than 9% of the world’s GDP is the primary factor driving the growth of the global waterproofing chemicals market. Waterproofing is instrumental in protecting the structure and ensuring the structure’s durability over a long period of time. The forces which are exerted by water are enormous with unpredictable effects. Water seeps into a structure through its weakest route. The durability of concrete is sometimes compromised due to the speed as well as economic practices while erecting a structure. Waterproofing chemicals are vital as they render the concrete stronger and with longer durability. Waterproofing chemicals limits the ways through which water can enter concrete and cause damages and cracks. However, the price-sensitive nature of the market due to fluctuating crude oil prices is posing as a substantial obstacle in the growth trajectory of the market. However, the landfill and water management sector is likely to be a great opportunity for further use of waterproofing chemicals in the near future.

According to the research report, “Global Waterproofing Chemicals Market Overview, 2023-28” the market is anticipated to cross USD 25 Billion by 2028, increasing from USD 18.01 Billion in 2022. The market is expected to grow with 8.64% CAGR by 2023-28. Due to the frequent climate changes, cement-based constructions suffer greatly from damping and erosion, which reduces the useful life of residential and commercial structures. Chemicals for waterproofing are therefore necessary since they provide the building a longer lifespan. The demand for waterproofing chemicals is anticipated to increase as infrastructure development and knowledge of sustainable construction materials increase. The market is expected to be fueled by increasing demand from a variety of end-use sectors, including development and construction of residential and commercial structures, landfills, and tunnels. Moreover, it is projected that rising consumer knowledge of the value of waterproofing materials in building in emerging nations would increase demand for the products. Also, regulatory agencies are working to establish regulations to reduce pollution levels and, in the same, develop a model that rewards environmentally friendly and energy-efficient construction. It is anticipated that such activities would increase demand for waterproofing chemicals. A demand for waterproofing chemicals will be generated as a result of efforts made by governments of developing countries to offer basic infrastructural amenities, such as residences made of concrete, access to good roads, and an improved irrigation supply. The cost of raw materials and their accessibility are significant determinants of the cost of finished goods.

Based on the regions, the Middle East & Africa (MEA) region has been undergoing significant infrastructure development in recent years. Governments in many countries within the region have been investing heavily in construction projects, such as roads, bridges, airports, and buildings. Waterproofing chemicals are essential in ensuring the durability and longevity of these structures, protecting them from water damage, corrosion, and deterioration. The MEA region is characterized by diverse climates, including arid and semi-arid regions as well as areas with heavy rainfall. In such climates, waterproofing is crucial to protect buildings and infrastructure from water infiltration, which can lead to structural damage and mold growth. Additionally, with the increasing awareness of environmental concerns, there is a growing demand for eco-friendly and sustainable waterproofing solutions in the region. Rapid urbanization and population growth in MEA countries have led to increased demand for residential, commercial, and industrial construction. As urban areas expand, the need for waterproofing chemicals in construction projects also grows, as these chemicals play a vital role in maintaining the integrity of buildings and infrastructure in densely populated urban environments. The MEA region is home to some of the world's largest oil and gas producers. Waterproofing chemicals are used extensively in the construction and maintenance of infrastructure and facilities within the oil and gas sector, including pipelines, storage tanks, and offshore platforms. The growth of this industry in the region contributes to the demand for waterproofing solutions. The Middle East & Africa (MEA) region has attracted significant foreign investment, which has led to increased construction activity. Foreign companies often bring advanced construction technologies and materials, including waterproofing chemicals, to the region, further stimulating market growth.

The Thermoplastic Polyolefin (TPO) membranes are highly versatile and can be used in a wide range of waterproofing applications, including roofs, foundations, decks, and ponds. This versatility makes TPO an attractive choice for construction professionals and waterproofing specialists. TPO membranes are known for their durability and resistance to environmental factors such as UV radiation, ozone, and weathering. They can withstand harsh climatic conditions, making them suitable for both hot and cold regions. TPO membranes often have reflective properties that can help reduce the heat absorption of a building's roof. This can contribute to energy savings by lowering cooling costs during hot weather, which is particularly important in regions with high temperatures. TPO membranes are relatively easy to install compared to some other waterproofing materials. They are available in large rolls, and their lightweight nature makes handling and installation more straightforward, potentially reducing labor costs. TPO membranes are considered environmentally friendly because they are recyclable and can be repurposed at the end of their life cycle. This sustainability aspect is becoming increasingly important in construction as environmental regulations and green building practices gain prominence. With the growth of the construction industry globally, there is a growing demand for waterproofing solutions that are cost-effective, durable, and easy to install. TPO products align well with these demands. Advances in TPO manufacturing and technology have led to improved product performance and durability. Manufacturers have been investing in research and development to enhance the properties and performance of TPO membranes.

Based on the technology, preformed membranes are manufactured in controlled factory environments, ensuring high-quality and consistent products. Their installation is typically faster and more efficient than traditional liquid-applied waterproofing methods, which involve on-site mixing and application. This efficiency can lead to cost savings and reduced labor time. Preformed membranes are designed to fit specific areas, reducing the risk of installation errors and ensuring a more reliable waterproofing system. This can minimize the potential for leaks and water infiltration. Preformed membranes are engineered to be highly durable and resistant to environmental factors, including UV radiation, temperature fluctuations, and chemicals. They can provide long-lasting waterproofing protection, even in harsh conditions. Because preformed membranes are manufactured in controlled settings, they exhibit consistent thickness, quality, and performance characteristics. This consistency enhances their reliability and effectiveness as a waterproofing solution. Many preformed membrane materials are environmentally friendly and can be recycled or repurposed at the end of their service life. This aligns with sustainability goals in the construction industry. Preformed membranes are typically designed to meet or exceed building code requirements for waterproofing. This ensures that structures using these membranes are compliant with regulatory standards. Preformed membranes are known for their long service life, offering reliable waterproofing protection for many years. This longevity can reduce maintenance and replacement costs over time.

Floors and basements are particularly vulnerable to water intrusion, as they are in close contact with the ground and groundwater. Inadequate waterproofing in these areas can lead to moisture problems, structural damage, and even health hazards such as mold and mildew growth. As a result, property owners and developers are increasingly recognizing the need for effective waterproofing solutions. There has been a surge in construction activity in recent years, including residential, commercial, and industrial projects. Many of these projects involve below-grade construction, such as basements and parking structures. Waterproofing chemicals are essential in ensuring the integrity of these below-grade spaces and preventing water-related issues. Rapid urbanization has led to the construction of more buildings and infrastructure in densely populated areas. In urban environments, the efficient use of space often involves underground structures, such as underground parking garages and basements. Proper waterproofing is crucial in these settings to protect against groundwater infiltration. Building codes and regulations increasingly require the use of waterproofing systems in below-grade and flooring applications to ensure safety and longevity. Compliance with these standards drives the demand for waterproofing chemicals. While waterproofing chemicals represent an upfront cost, they provide long-term cost savings by preventing water damage and the need for expensive repairs. Property owners understand that investing in proper waterproofing is a cost-effective strategy over the life of a building. Waterproofing chemicals have evolved to include more environmentally friendly and sustainable options. This aligns with the growing emphasis on green building practices and sustainability, making waterproofing solutions more appealing to environmentally conscious builders and property owners.

Market Drivers

• Infrastructure Rehabilitation: Aging infrastructure in many developed countries requires extensive maintenance and rehabilitation. This includes repairing and waterproofing bridges, tunnels, and other critical structures. The need to extend the lifespan of existing infrastructure drives the demand for innovative and durable waterproofing solutions.
• Urbanization and Population Growth: The global trend of urbanization, with more people living in cities, leads to higher construction activity. This, in turn, increases the demand for waterproofing chemicals to protect buildings and infrastructure from water damage, as urban areas are often more susceptible to flooding and water-related issues.

Market Challenges

• Product Compatibility: The waterproofing chemical industry often deals with compatibility issues when products need to be used in conjunction with other construction materials. Ensuring that waterproofing solutions work effectively with concrete, masonry, or roofing materials can be a complex challenge that requires extensive testing and research.
• Labor Shortages and Skilled Workforce: The application of waterproofing chemicals often requires skilled labor. Shortages of skilled workers in the construction industry can lead to challenges in ensuring that these products are properly applied, potentially impacting their performance and longevity.

Market Trends

• Bio-Based and Recyclable Materials: Another emerging trend is the development of bio-based waterproofing materials derived from renewable sources. These materials are not only eco-friendly but also biodegradable and recyclable, reducing their environmental impact throughout their lifecycle.
• Enhanced Durability and Performance: Manufacturers are continuously working on improving the durability and performance of waterproofing chemicals. This includes the development of coatings and membranes that can withstand harsh conditions, resist UV degradation, and provide long-lasting protection.
• Customization and Application-Specific Solutions: The industry is moving towards offering more tailored solutions to meet specific application needs. Waterproofing chemicals can now be customized to suit the requirements of different industries, including construction, automotive, and electronics, leading to more efficient and effective solutions.
• Digital Marketing and E-commerce: As with many industries, digital marketing and e-commerce are becoming increasingly important in the waterproofing chemical sector. Companies are leveraging online platforms to reach a wider customer base, provide product information, and facilitate easy purchasing.

Competitive Landscape

Key market participants include Ecolab Inc., Veolia Environnement S.A, Xylem Inc, BASF SE, The Dow Chemical Company, Pentair plc, Suez SA, Thermax Ltd, SNF, DuPont de Nemours, Inc., Albemarle Corporation , Solvay NV/SA, Kemira Oyj, 3M Company, Solenis, Aquatech International LLC, Ion Exchange Ltd, Danaher Corporation, Kingspan Group plc and Calgon Carbon Corporation. In 2012, Pidilite Industries Ltd launched Low Energy Consumption (LEC) which is a waterproofing and insulation systems for buildings that provide eco-friendly solutions for various areas of applications catering to high rise structures. In 2014, Estop Group launched new product Estoflex amorphous polymers used as waterproofing compounds for wire and cable insulation and asphalt modifiers for bitumen roofing membranes. In 2010, ExxonMobil Chemical introduced four grades of waterproofing chemicals for high-performance film applications, namely, Vistamaxx 6202FL, Vistamaxx 6102FL, Vistamaxx 3980FL, and Vistamaxx 3020FL.

Considered in this report:

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Global Waterproofing Chemicals market Outlook with its value and forecast along with its segments
• Regional-wise Waterproofing Chemicals market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa

By Product Type:

• Bitumen (SBS Bitumen, APP Bitumen, Others)
• Thermoplastic Polyolefin (TPO)
• Polyvinyl Chloride (PVC)
• Elastomers
• Ethylene propylene diene terpolymer (EPDM)
• Polytetrafluoroethylene (PTFE)
• Others (Acrylics, Silicone, Polyurethane (PU), etc.)

By Technology:

• Integral Systems
• Preformed Membranes
• Coatings & Liquid Applied Membrane Systems

By Application:

• Roofing & Walls
• Floors & Basements
• Bridge & Highways
• Waste & Water management
• Tunnel & Landfills
• Others (dams and reservoirs, underground vaults, fountains and water features, elevator pits, cisterns, etc.)

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Waterproofing Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.