What are the Historical Developments and Current Growth Metrics of the Waterproofing Chemicals Market?
The waterproofing chemicals market has seen considerable growth due to a variety of factors.
• The size of the waterproofing chemicals market has seen a swift expansion in the past few years. The market, valued at $24 billion in 2024, is expected to ink an increase to $26.51 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.5%. This substantial growth during the historical period can be linked to factors such as the swift pace of urbanization, undertakings related to infrastructure rejuvenation, increased cognizance towards structural conservation, regular repair, and maintenance routines, strict edifice laws, and progress in the real estate sector.
What is the Forecasted Market Size and CAGR for the Waterproofing Chemicals Market?
The Waterproofing Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for waterproofing chemicals is anticipated to witness significant expansion in the forthcoming years, escalating to $40.32 billion in 2029 with a compound annual growth rate (CAGR) of 11.0%.
Factors contributing to this expected growth during the forecast period encompass impacts of climate change, the proliferation of green roofs, an increase in demand for high-performance coatings, increased flood resilience, a preference for liquid waterproofing, and the rise of diy waterproofing strategies. Key trends projected for the forecast period entail advancements in formulation technology, a growth in the use of polyurethane-based waterproofing, the progression of smart building technologies, advancements in nanotechnology, and market expansion in emerging economies.
What Key Factors and Trends Are Driving The Growth Waterproofing Chemicals Market?
An upward trend in building and construction spending is anticipated to boost the development of the waterproofing chemicals market in future. The construction sector is associated with development and repair services offered for various infrastructures. The acceleration in construction industry and consequent expenses magnifies the requirement for waterproofing chemicals that ensure a regulated environment and protect both the structure and its contents. To illustrate, in February 2024, the Lumber Blue Book, an online directory for investment information based in the US, reported a 7.8% increase in Canada's building construction, up to $59.0 billion, mainly triggered by a 11.1% uptick in the residential sector. As a result, the surge in the expenditure associated with building and construction is propelling the expansion of the heating equipment market.
What Are The Market Segments In The Waterproofing Chemicals Market?
The waterproofing chemicals market covered in this report is segmented –
1) By Product: Bitumen, Elastomers, PVC, TPO, EPDM
2) By Technology: Preformed Membranes, Coatings And LAMS (Liquid Applied Membrane Systems), Integral Systems
3) By Application: Roofing And walls, Floors And basements, Waste And water Management, Tunnel liners, Other Applications
Subsegments:
1) By Bitumen: Bitumen Emulsions, Modified Bitumen Membranes, Bituminous Coatings
2) By Elastomers: Thermoplastic Elastomers (TPE), Synthetic Rubber-Based Waterproofing
3) By PVC (Polyvinyl Chloride): PVC Membranes, PVC Coatings
4) By TPO (Thermoplastic Olefin): TPO Membranes, TPO Coatings
5) By EPDM (Ethylene Propylene Diene Monomer): EPDM Membranes, EPDM Coatings
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What Trends Are Shaping The Waterproofing Chemicals Market?
Firms that dominate the waterproof chemicals industry are prioritizing the advancement of Home Protect Waterproofing. This initiative aims to bolster the lifespan and sturdiness of construction materials, safeguard edifices against water impairment, and address the escalating need for efficient and eco-friendly waterproofing resolutions in both residential and commercial settings. Home Protect Waterproofing encompasses services and goods that obstruct water penetration and secure homes against detrimental water exposure. For example, Shalimar Paints, a renowned India-based paint and coating production entity, unveiled two cutting-edge additions to their Home Protect Waterproofing lineup in July 2024: Zero Damp Advance and Zero Damp Smart. These offerings are engineered to afford superior defense against water leakage, breaking new ground in the industry with warranties extending up to 12 years.
Who Are the Key Players In The Waterproofing Chemicals Market?
Major companies operating in the waterproofing chemicals market include:
• Pidilite Industries Limited
• Bostik Inc.
• Choksey Chemicals Pvt. Ltd.
• Estop Pte. Ltd.
• ExxonMobil Chemicals Company
• Johns Manville Corporation
• Mapei S.P.A
• Mitsubishi Chemical Holdings Corporation
• Polygel Industries Pvt. Ltd.
• Sika AG
• Soprema SAS
• The Dow Chemical Company
• Thermax Limited
• Wacker Chemie AG
• BASF SE
• Henkel AG & Co. KGaA
• Compagnie de Saint-Gobain S.A.
• GAF Materials Corporation
• Firestone Building Products Company LLC
• Tremco Incorporated
• Kemper System America Inc.
• Carlisle Companies Inc.
• GCP Applied Technologies Inc.
• RPM International Inc.
• Fosroc International Limited
• Chryso SAS
• Derbigum Manufacturing (Pty) Ltd.
• Fosroc Inc.
• GAF Material Corp.
• Holcim Ltd.
• Koster American Corporation
• W.R. Grace & Co.
What Are The Regional Insights Into The Waterproofing Chemicals Market?
Asia-Pacific was the largest region in the waterproofing chemicals market in 2024. The regions covered in the waterproofing chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
