Global Waterproofing Chemicals Market Outlook, 2028

Waterproofing chemicals are substances or compounds used to make surfaces and materials resistant to the penetration of water or moisture. They are commonly applied to various construction materials, such as concrete, masonry, wood, and textiles, to protect them from water damage, corrosion, and deterioration. Waterproofing chemicals are essential in construction and maintenance to ensure the longevity and durability of structures and products. The Waterproofing Chemicals Market is a rapidly growing industry that is driven by the increasing demand for waterproofing solutions in a wide range of end-use industries, including development and construction of residential and commercial structures, landfills, and tunnels, automotive, textiles, and others. Waterproofing chemicals are used to protect structures and materials from water damage, thereby extending their lifespan and improving their durability. These chemicals can be applied to a variety of surfaces, including roofs, walls, foundations, and basements. The market for waterproofing chemicals is expected to continue to grow in the coming years, driven by the increasing construction activities in emerging economies and the need for waterproofing solutions to protect buildings and infrastructure from water damage. 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. In order to protect buildings from water seepage, which can shorten a material’s lifespan and pose risks to electrical, metal, and human health, water proofing chemicals are typically utilized. When sprayed to a building’s exterior, waterproofing chemicals boost infrastructure’s resilience and assist extend the useful life of structural concrete. The rapid pace of urbanization occurring globally has led to the springing up of a number of construction activities across the globe, thereby increasing the demand for raw material industry such as the waterproofing chemicals market.

According to the research report, “Global Waterproofing Chemicals Market Outlook, 2028” 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. Many existing buildings and infrastructure are aging and require renovation and maintenance. Waterproofing chemicals play a crucial role in retrofitting and upgrading these structures to extend their lifespan and improve their performance. As environmental awareness increases, there is a greater focus on sustainable construction practices. Waterproofing chemicals that are eco-friendly and promote energy efficiency are in demand. Manufacturers are developing products with lower VOC (volatile organic compound) emissions and reduced environmental impact. The changing climate has resulted in more frequent and severe weather events, including heavy rainfall and flooding. This has heightened the importance of waterproofing in regions prone to such events, boosting the demand for waterproofing chemicals. Governments and organizations are increasingly recognizing the importance of building resilient infrastructure that can withstand extreme weather conditions. Waterproofing is a crucial component of resilience planning. Homeowners and building owners are becoming more aware of the importance of waterproofing to protect their investments. This has led to increased demand for waterproofing products and services in the residential sector. Rapid urbanization in emerging economies and the globalization of construction practices have contributed to the expansion of the waterproofing chemicals market. Waterproofing chemicals are finding new applications beyond traditional construction. For example, they are used in automotive manufacturing, electronics, and consumer goods to protect products from moisture damage. Also, the growth of the real estate sector, including residential, commercial, and industrial projects, drives the demand for waterproofing chemicals as developers seek to protect their investments.

Government initiatives in countries such as the United Kingdom, France, Germany, United States, India, and China for clean groundwater and landfilling have had a radical impact on market growth over the past few years. The development of waterproofing chemical composites with improved self-adhesion and longevity is estimated to have immense future growth prospects for this market. However, volatile raw material prices which are heavily dependent on petrochemical demand and supply are anticipated to hinder the growth of the market over the forecast period. Market participants have been continuously focusing on commercializing biological routes for developing environment-friendly waterproofing chemicals. These chemicals also find application in the textile and fabric industry for large scale production of waterproof and breathable fabrics which is expected to open new growth avenues in the forthcoming years. Furthermore, increasing applications in geo-membranes, water management, and tunnel liners are expected to drive the waterproofing chemicals market. Government initiatives can significantly impact the waterproofing chemicals market by promoting sustainable construction practices, ensuring building safety, and addressing environmental concerns. Governments establish building codes and standards that often include requirements for waterproofing in specific applications. These regulations ensure that buildings meet safety and performance criteria, driving the demand for waterproofing products. Many governments have implemented energy efficiency and sustainability programs that encourage the use of eco-friendly and energy-efficient building materials, including waterproofing chemicals. These initiatives promote the development and adoption of environmentally friendly waterproofing solutions. Governments support or mandate green building certification programs like LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method). These programs incentivize builders to use sustainable construction materials and practices, including waterproofing chemicals.

Asia Pacific held the largest share in the waterproofing chemicals market in 2022 owning to increasing government investments on infrastructure developments primarily in countries such as China, Indonesia, India, and Malaysia.

The global waterproofing chemicals market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. Among them, Asia-Pacific is expected to lead the market with over 9% CAGR by 2023-28. The higher market growth is majorly driven by the increasing construction activities in countries such as China and India. The need for waterproofing solutions in the region is driven by the increasing demand for durable and long-lasting building structures, as well as the need to protect infrastructure from water damage. The region's rapid industrialization, urbanization, and expanding automotive and textile industries are also driving the demand for waterproofing chemicals. Due to expanding infrastructure spending and rising average consumer disposable income, Asia Pacific is anticipated to have significant growth during the projection period. Asia Pacific was the largest regional waterproofing chemicals market in the past owing to the growth of the construction sector in the region on account of rapid industrialization and economic boost. Asia Pacific is expected to witness substantial growth over the forecast period on account of increasing infrastructure expenditure coupled with the rising disposable income of the average consumer. The growth in infrastructure projects is mainly due to an expanding population, resulting in the need for more residential and commercial buildings for various purposes. Construction projects such as ‘100 smart cities’ and ‘Housing for All by 2022’ in India are influencing waterproofing chemicals demand. In addition, in 2019, China government invested 1.9 billion on 13 public housing projects. Therefore, rising construction in these countries is driving waterproofing solutions market growth in Asia Pacific region.

Based on the product types, bitumen segment is expected to dominate the market growth during the forecast period.

Bitumen waterproofing chemicals are a type of waterproofing chemical used for waterproofing roofs, basements, and other structures. Bitumen waterproofing chemicals are derived from crude oil and are primarily used as a coating material to protect structures from water damage. Bitumen-type waterproofing chemicals are widely used due to their excellent waterproofing properties, durability, and low cost compared to other waterproofing materials. The increasing demand for bitumen-based waterproofing chemicals in emerging economies, such as India and China, is a major driver of the market's growth. The demand for bitumen-based waterproofing chemicals is also increasing due to the growing construction activities and infrastructure development globally. Bitumen material is forecast to witness prominent gains in the coming years on account of its widespread applications across construction segment. On the other hand, demand is expected to grow as it is widely accepted as mixture of organic liquids that provides waterproofing and highly sticky characteristics will boost the market demand in near future. Primary use of bitumen chemicals in the construction of roofs, where a layer of bituminous waterproof membrane is smeared over the roof of the structure further it acts as a protection against the outflow of water on to the roof, this will cover the overall market demand of global waterproofing chemicals market.

Based on the technology, integral waterproofing is anticipated to lead the market by 2028 as it can significantly reduce the long-term maintenance costs associated with waterproofing.

Integral waterproofing systems, also known as integral waterproofing technology or admixtures, are highly used in the waterproofing chemicals market due to their effectiveness, durability, and ease of application. These systems involve adding waterproofing admixtures directly into the concrete or mortar mix during the construction process. Integral waterproofing technology becomes an integral part of the concrete or mortar mix. This means that the waterproofing properties are distributed uniformly throughout the entire structure, creating a seamless and consistent barrier against moisture penetration. There are no joints or seams that can be vulnerable to water infiltration. Integral waterproofing admixtures offer long-lasting protection because they are not limited to the surface layer, as is the case with some surface-applied waterproofing coatings. This deep penetration into the concrete or mortar matrix provides protection for the life of the structure, reducing the need for frequent maintenance and reapplications. Structures treated with integral waterproofing systems tend to be more durable and resistant to various forms of deterioration, including cracking, spalling, and corrosion. This enhanced durability leads to a longer lifespan for the construction, which is especially important in infrastructure and commercial projects. Since the waterproofing protection is within the structure, there is no need for periodic recoating or resealing, as is often required with surface-applied systems. Many integral waterproofing admixtures are formulated to have lower VOC emissions and reduced environmental impact, aligning with sustainability and green building practices. Integral waterproofing systems provide consistent performance regardless of external factors such as weather conditions during application or subsequent surface wear.

Roofing was the largest application segment and is expected to continue its dominance over the forecast period on account of increased government expenditure on infrastructure development.

Rapid urbanization coupled with the growing disposable income of the middle-class population is likely to fuel the market growth in the construction sector. Growing consumer awareness regarding product quality is anticipated to have a positive impact on market expansion over the projected period. Development of niche applications of waterproofing chemicals including bitumen bonding, expansion joints, and subsoil waterproofing is likely to positively influence the market growth. Furthermore, widening the scope of application in the water management sector owing to the flexible and water-resistant properties of these chemicals is anticipated to bode well for the overall growth of the market in the forthcoming years. An increase in building and construction expenditure owing to regulatory inclination towards improvement in infrastructure coupled with the rise of disposable income among the consumers in developing regions such as Central and South America and Asia Pacific have been contributing to the overall market growth. Stringent government regulations regarding string foundations and the rising trend of the redevelopment of older structures in North America and Europe is responsible for rising demand in wall construction application. Leakage in buildings, especially roofs and walls has been a major concern worldwide for years. Water-ponding or the stagnation of water due to rainfall on roofs, and wall causes deterioration of concrete materials, which leads to wreck roof which may cause the entire building to wreck. Thus, in order to avoid such risks waterproofing chemicals are widely used in roofs and walls. The usage of waterproofing chemicals offers several benefits, such as superior fire and wind resistance, very high tensile strength, and waterproofing characteristics.

Market Drivers

• Growing Construction Industry: The construction industry is a significant driver for the waterproofing chemical industry. As urbanization continues worldwide, there is a constant demand for new infrastructure and buildings. Waterproofing chemicals are essential for protecting structures from water damage, ensuring longevity, and maintaining the integrity of construction projects. The increasing need for sustainable and environmentally friendly construction practices also drives innovation in waterproofing chemicals.
• Climate Change and Extreme Weather Events: Climate change has led to more frequent and severe weather events such as heavy rains and floods. These events increase the demand for effective waterproofing solutions in both residential and commercial buildings. Waterproofing chemicals that can withstand extreme weather conditions and provide superior protection are in high demand as a result.

Market Challenges

• Environmental Regulations: Environmental regulations and concerns are significant challenges for the waterproofing chemical industry. Many traditional waterproofing chemicals contain harmful substances, such as volatile organic compounds (VOCs) and hazardous solvents. Strict regulations and a growing focus on sustainability are pushing the industry to develop eco-friendly and low-VOC alternatives, which can be a costly and challenging process.
• Product Performance and Longevity: Waterproofing chemicals need to provide long-lasting protection, especially in construction applications. Ensuring the durability and effectiveness of these products is a continuous challenge. Manufacturers must invest in research and development to improve product performance, resist degradation, and meet the varying requirements of different applications and climates.

Market Trends

• Green and Sustainable Solutions: One of the prominent trends in the waterproofing chemical industry is the shift towards green and sustainable solutions. Manufacturers are developing environmentally friendly waterproofing chemicals with reduced environmental impact. These products are not only compliant with regulations but also appeal to eco-conscious consumers and businesses.
• Advanced Material Technologies: The industry is witnessing a trend towards the use of advanced materials and nanotechnology in waterproofing chemicals. Nano-coatings and materials with self-healing properties are emerging to provide superior protection and longevity. These innovations aim to make waterproofing more effective, durable, and cost-efficient.
• Digitalization and Smart Waterproofing: Another trend is the integration of digital technology into waterproofing solutions. IoT-based monitoring systems and smart coatings can provide real-time data on the condition of structures, helping predict maintenance needs and enhance overall performance. This trend aligns with the broader shift towards smart cities and infrastructure.

Covid-19 Impacts

The impact of COVID-19 on the waterproofing chemicals industry has been multifaceted, as the pandemic has affected various aspects of the industry's supply chain, demand, and operations. Lockdowns and restrictions in many countries disrupted the global supply chain, affecting the production and distribution of waterproofing chemicals. This led to delays in raw material sourcing, manufacturing, and transportation, causing supply shortages and price fluctuations. The construction industry, a significant consumer of waterproofing chemicals, experienced varying degrees of disruption. Construction projects were delayed or halted in many regions due to lockdowns, reduced workforce availability, and financial uncertainty. As a result, demand for waterproofing chemicals declined in some areas. While demand for waterproofing chemicals in the commercial construction sector may have declined temporarily, there was an increased focus on residential construction and renovation projects as people spent more time at home. This shift in demand patterns impacted the types of waterproofing products in demand. Manufacturers and construction companies had to implement strict health and safety measures to protect workers from COVID-19, which affected productivity and increased operational costs. This included changes in work schedules, social distancing measures, and enhanced cleaning protocols. The uncertainty caused by the pandemic led to delays in investment decisions and project planning within the construction industry. This uncertainty affected the willingness of construction companies to commit to long-term waterproofing projects, impacting the industry's growth. Some companies in the waterproofing chemicals industry pivoted their production or developed new products to address emerging needs related to the pandemic. For example, there was a demand for antimicrobial coatings in healthcare facilities.

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.

Key Developments

• In January 2022, Nearly USD 2 billion will be spent by Saint-Gobain, a well-known brand in the construction chemicals sector, to acquire GCP Applied Technologies, a company well-known for its high-performance waterproofing solutions and other specialized building chemicals.
• In April 2021, in order to improve construction and glass embedding designs securely and effectively, Dow launched DOWSIL 375 Construction & Glass Embedding, a new high strength, fast-cure technology.
• In November 2021, Swiss chemicals producer Sika has agreed to acquire MBCC Group for 5.5 billion Swiss francs ($6 billion) in order to expand its position in sustainable construction. This would be Sika's largest acquisition in the $70 billion building chemicals market, which is currently fragmented..

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 & Country-wise Waterproofing Chemicals market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report

• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South 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.