The report "Waterproofing Systems Market by Type (Waterproofing membranes, Waterproofing Chemicals, and Integral Systems), Application (Building Structure, Roofing & Walls, Roadways, Waste & Water Management), and Region - Global Forecast to 2025" size is estimated at USD 52.7 billion in 2020 and is projected to reach USD 72.0 billion by 2025, at a CAGR of 6.4%. The demand for waterproofing systems in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the construction industry. The fluctuation in raw material prices is challenging the waterproofing systems market. The demand for waterproofing systems is rising, owing to the growing demand for cost-effective and efficient waterproofing materials. This increase in demand for environment-friendly waterproofing systems and the construction of green buildings provide growth opportunities to the market. On the other hand, the potential health and environmental issues are the major restrain for the market.
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Based on the application, the building structure segment is estimated to lead the overall waterproofing systems market in 2020.
Waterproofing of building structures provide effective and long term protection form these exposures and ensure efficient protection of building structures. Building structures are areas excluding roofs and walls such as balconies, basements, foundations, retaining walls, storage rooms, belowground constructions, and others. Growth in demand for residential and commercial construction in emerging economies such as China, India, Indonesia, Chile, Nigeria, and others is driving the consumption of waterproofing systems in building structures.
Based on type, the waterproofing membranes segment is projected to lead the overall waterproofing systems market during the forecast period.
Waterproofing membranes are materials that are used to prevent water ingress in any building structure. These are available in sheet form of liquid applied. These systems are easy to handle, easy to apply, highly efficient, flexible, and also provide improved strength, tear resistance, weathering resistance, UV stability, and elasticity to the applied surface. They are used for applications, such as roofing & walls, building structures, waste & water management activities, tunnel liners, bridges & highways, and others.
Based on region, APAC is estimated to lead the waterproofing systems market in 2020.
APAC is projected to be the fastest-growing market for waterproofing systems. The rising population, increased demand for residential buildings, rapid industrialization, and increased urbanization are driving the APAC waterproofing systems market. China is the largest market for waterproofing systems in the region. China is also a major producer and consumer of waterproofing systems in the region as it has a huge manufacturing base. Apart from China, India, and South Korea are projected to grow at a decent rate during the forecast period.
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The key players in the waterproofing systems market include Sika AG (Switzerland), BASF SE (Germany), Soprema (France), GCP applied technologies (US), Fosroc (UK), Mapei S.P.A (Italy), Carlisle Construction Company (US), Tremco (US), Pidilite Industries (India), and Henkel Polybit (UAE). These players have established a strong foothold in the market by adopting strategies, such as expansions, mergers & acquisitions, agreements & partnerships, and new product launches.
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Global Waterproofing Systems MarketThe GMI Research forecasts that the Waterproofing Systems Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to the mounting demand for cost-efficient systems and the emergence of environmentally friendly green buildings accompanied by the enlarged construction sector.Introduction of the Waterproofing Systems MarketWaterproofing assists in protecting structures against water infiltration, which can result in expensive and enduring damage.
The market includes waterproofing chemicals, membranes, and integral systems.Key Players of the Global Waterproofing Systems Market:SIKA AGTremcoMAPEI S.p.A.SOPREMABASF SEFOSROCHENKEL POLYBIT INDUSTRIES LTD.CarlisleGCPPIDILITE INDUSTRIESWaterproofing Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)The crucial driver responsible for the growth of the global wacterproofing systems market includes their augmenting application across the construction industry.
The UAE government initiated several initiatives and infrastructure plans, which include the Energy Strategy 2050, the Sheikh Zayed Housing Programme, and the Dubai Tourism Strategy to enlarge the construction sector.
These systems are easy to lodge and require less labor input, thereby reducing the repair and maintenance cost on both short and long-term basis.
Also, the aggravating demand for these cost-effective systems across residential and commercial spaces has fuelled the waterproofing systems industry's growth.However, the amplifying knowledge about the side effects caused by chemicals or membranes is likely to curb the waterproofing systems market share.
