Waterproofing Systems Market Size, Share, Opportunities, And Trends By Type (Waterproofing Membranes, Waterproofing Chemicals, Integral Systems), By Application (Building Structures, Roofing & Walls, Roadways, Waste & Water Management, Others), And By Geography - Forecasts From 2024 To 2029

The waterproofing systems market is expected to grow at a CAGR of 5.63% from US$10.830 billion in 2022 to US$15.891 billion in 2029.

Thin layers of waterproof rubber, plastic, and coated fabric materials are utilized as waterproofing solutions for basements, walls, buildings, and roofs. These waterproof thing layers' main purposes are to keep out water, give tear resistance, and offer flexibility and strength.

The waterproofing system market is being stimulated by elements like increasing government spending on infrastructure construction and bettering water management practices, particularly in developing nations. Diverse sectors are switching from artificial to bio-based waterproofing products because they are more affordable, require less upkeep, and are the best possible solution for conventional technology as wastewater management becomes more and more of a concern.

Market Drivers

• Rising investment in public infrastructure-

The waterproofing systems market is anticipated to experience revenue growth over the forecast period as a result of increasing investments in the construction of commercial buildings, the renovation of aging infrastructure, growing urbanization and industrialization, and strict environmental regulations regarding the discharge of industrial and municipal wastewater.

Additionally, as the use of waterproofing membranes in the industry grows, different below-grade waterproofing membranes are used to fend off corrosion caused by moisture in tanks, bunds, and other water-holding structures, as well as to withstand positive pressure. The aforementioned elements should accelerate market revenue growth.

• Increasing Demand for Polyurethane Liquid Membranes to Open Up Opportunities

Liquid polyurethane membranes are widely used in the roofing and waterproofing industries. The small and medium-sized roof restoration market, which is extremely lucrative and resilient to crises, is where the membranes are largely offered. Only local or regional providers supply the fragmented worldwide market for liquid membranes.

These membranes are seeing disproportionately high market growth as a result of their improved characteristics, including durability, adaptability, a strong strength-to-weight ratio, and better insulating capacities. Due to their use in geometrically difficult connections and low energy usage, polyurethane waterproofing systems surpass conventional waterproofing membranes which increase the waterproofing systems market share.

Restraint-

• Complexity of installation-

Implementing specific waterproofing systems, particularly advanced membranes or chemical applications, often involves intricate procedures that demand skilled professionals and specialized equipment. Consequently, this can result in elevated labor expenses and extended installation durations compared to simpler techniques.

In certain regions or sectors of the construction industry, there may be limited awareness and comprehension of advanced waterproofing systems. As a consequence, there might be a predilection for traditional methods or reluctance to embrace newer technologies.

Waterproofing systems market segmentation by type into waterproofing membranes, waterproofing chemicals, and integral systems.

The market for waterproofing systems is segmented into three main types: Waterproofing Membranes, Waterproofing Chemicals, and Integral Systems. Waterproofing Membranes include various types such as Bituminous membranes (asphalt-based), PVC membranes, EPDM membranes, TPO membranes, and HDPE membranes.

 Waterproofing Chemicals are used in a range of applications including basements, foundations, tunnels, parking structures, and other below-grade structures. Integral Systems find applications in high-performance buildings, green construction projects, and structures requiring superior waterproofing performance.

APAC is anticipated to hold a significant share of the waterproofing systems market-

During the projected period, the Asia Pacific region is anticipated to lead the waterproofing systems market. The building sector in China is growing quickly. The fourth quarter of 2022 saw a 50% growth in China's building output, according to the National Bureau of Statistics of China, valued at over CNY 276 billion. 

The construction of 162,000 km of highways by 2035 is one of the long-term infrastructure development objectives set forth by the Chinese government. The Indian government reiterated its commitment to constructing affordable homes for the urban poor when it included INR 48,000 crores (about USD 5.8 billion) for the PM Aawas Yojana scheme in its Union Budget 2022–23.

Market Developments

• March 2023-  Bostik introduced its smart waterproofing solutions, SEAL & BLOCK, in India. As a global leader in adhesive technologies, Bostik rolled out these innovative waterproofing solutions in the country. The launch emphasized the significance of advanced waterproofing technology within the SEAL & BLOCK range in contributing to more sustainable infrastructures, a crucial factor in economic growth.
• May 2022- United Gilsonite Laboratories (UGL), a top producer of coating and waterproofing products (including membranes) for the building sector, is based in the US and was bought by Sika AG. The main retail stores in the United States carry UGL items. This acquisition is anticipated to enhance Sika's high-value waterproofing systems for masonry and concrete.
• April 2022- A global leader in American construction products, GCP Applied Technologies Inc., collaborated with Pidilite Industries Ltd. Pidilite will be able to market high-performance waterproofing products under the Dr Fixit brand due to this partnership.

Waterproofing Systems Market Scope:

 

Report Metric	Details
Market Size Value in 2022	US$10.830 billion
Market Size Value in 2029	US$15.891 billion
Growth Rate	CAGR of 5.63% from 2022 to 2029
Study Period	2019 to 2029
Historical Data	2019 to 2022
Base Year	2023
Forecast Period	2024 – 2029
Forecast Unit (Value)	USD Billion
Segments Covered	Type Application Geography
Companies Covered	BASF SE SOPREMA S.A.S. Henkel Polybit MAPEI S.p.A. Pidilite Industries Ltd. And more
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Market Segmentation

• By Type
  • Waterproofing Membranes
  • Waterproofing Chemicals
  • Integral Systems
• By Application
  • Building Structures
  • Roofing & Walls
  • Roadways
  • Waste & Water Management
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Taiwan
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key benefits to the stakeholder

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. WATERPROOFING SYSTEMS MARKET BY TYPE

5.1. Introduction

5.2. Waterproofing Membranes

5.2.1. Market opportunities and trends

5.2.2. Growth prospects

5.2.3. Geographic lucrativeness 

5.3. Waterproofing Chemicals

5.3.1. Market opportunities and trends

5.3.2. Growth prospects

5.3.3. Geographic lucrativeness 

5.4. Integral Systems

5.4.1. Market opportunities and trends

5.4.2. Growth prospects

5.4.3. Geographic lucrativeness 

6. WATERPROOFING SYSTEMS MARKET BY APPLICATION

6.1. Introduction

6.2. Building Structures

6.2.1. Market opportunities and trends

6.2.2. Growth prospects

6.2.3. Geographic lucrativeness 

6.3. Roofing & Walls

6.3.1. Market opportunities and trends

6.3.2. Growth prospects

6.3.3. Geographic lucrativeness 

6.4. Roadways

6.4.1. Market opportunities and trends

6.4.2. Growth prospects

6.4.3. Geographic lucrativeness 

6.5. Waste & Water Management

6.5.1. Market opportunities and trends

6.5.2. Growth prospects

6.5.3. Geographic lucrativeness 

6.6. Others

6.6.1. Market opportunities and trends

6.6.2. Growth prospects

6.6.3. Geographic lucrativeness 

7. WATERPROOFING SYSTEMS MARKET BY GEOGRAPHY

7.1. Introduction

7.2. North America

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.2.3.1. United States

7.2.3.1.1. Market Trends and Opportunities

7.2.3.1.2. Growth Prospects

7.2.3.2. Canada

7.2.3.2.1. Market Trends and Opportunities

7.2.3.2.2. Growth Prospects

7.2.3.3. Mexico

7.2.3.3.1. Market Trends and Opportunities

7.2.3.3.2. Growth Prospects

7.3. South America

7.3.1. By Type

7.3.2. By Application

7.3.3. By Country

7.3.3.1. Brazil 

7.3.3.1.1. Market Trends and Opportunities

7.3.3.1.2. Growth Prospects 

7.3.3.2. Argentina

7.3.3.2.1. Market Trends and Opportunities

7.3.3.2.2. Growth Prospects

7.3.3.3. Others

7.3.3.3.1. Market Trends and Opportunities

7.3.3.3.2. Growth Prospects

7.4. Europe

7.4.1. By Type

7.4.2. By Application

7.4.3. By Country

7.4.3.1. Germany

7.4.3.1.1. Market Trends and Opportunities

7.4.3.1.2. Growth Prospects

7.4.3.2. France

7.4.3.2.1. Market Trends and Opportunities

7.4.3.2.2. Growth Prospects

7.4.3.3. United Kingdom

7.4.3.3.1. Market Trends and Opportunities

7.4.3.3.2. Growth Prospects

7.4.3.4. Spain

7.4.3.4.1. Market Trends and Opportunities

7.4.3.4.2. Growth Prospects

7.4.3.5. Others

7.4.3.5.1. Market Trends and Opportunities

7.4.3.5.2. Growth Prospects

7.5. Middle East and Africa

7.5.1. By Type

7.5.2. By Application

7.5.3. By Country

7.5.3.1. Saudi Arabia

7.5.3.1.1. Market Trends and Opportunities

7.5.3.1.2. Growth Prospects

7.5.3.2. UAE

7.5.3.2.1. Market Trends and Opportunities

7.5.3.2.2. Growth Prospects

7.5.3.3. Israel

7.5.3.3.1. Market Trends and Opportunities

7.5.3.3.2. Growth Prospects  

7.5.3.4. Others

7.5.3.4.1. Market Trends and Opportunities

7.5.3.4.2. Growth Prospects

7.6. Asia Pacific

7.6.1. By Type

7.6.2. By Application

7.6.3. By Country

7.6.3.1. China 

7.6.3.1.1. Market Trends and Opportunities

7.6.3.1.2. Growth Prospects

7.6.3.2. Japan

7.6.3.2.1. Market Trends and Opportunities

7.6.3.2.2. Growth Prospects

7.6.3.3. India

7.6.3.3.1. Market Trends and Opportunities

7.6.3.3.2. Growth Prospects

7.6.3.4. South Korea

7.6.3.4.1. Market Trends and Opportunities

7.6.3.4.2. Growth Prospects

7.6.3.5. Indonesia

7.6.3.5.1. Market Trends and Opportunities

7.6.3.5.2. Growth Prospects

7.6.3.6. Taiwan

7.6.3.6.1. Market Trends and Opportunities

7.6.3.6.2. Growth Prospects

7.6.3.7. Others

7.6.3.7.1. Market Trends and Opportunities

7.6.3.7.2. Growth Prospects

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisition, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. BASF SE

9.2. SOPREMA S.A.S.

9.3. Henkel Polybit

9.4. MAPEI S.p.A.

9.5. Pidilite Industries Ltd.

9.6. Tremco Incorporated

9.7. ALCHIMICA S.A.

9.8. Bostik

9.9. CHRYSO

9.10. Elmich

9.11. Siplast

9.12. STP Limited

BASF SE

SOPREMA S.A.S.

Henkel Polybit

MAPEI S.p.A.

Pidilite Industries Ltd.

Tremco Incorporated

ALCHIMICA S.A.

Bostik

CHRYSO

Elmich

Siplast

STP Limited