Executive Summary

The global waterproofing chemicals market is expected to grow at a CAGR of 8.5% during the forecast period (2021-2026). The market is driven by the increasing demand for waterproofing solutions in various end-use industries, such as construction, infrastructure, and automotive. The growing awareness of the benefits of waterproofing chemicals, such as durability, sustainability, and cost-effectiveness, is also contributing to the market growth. The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing construction activities in emerging economies, such as China and India.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

• The global waterproofing chemicals market is expected to reach USD 11.86 billion by 2026, growing at a CAGR of 8.5% during the forecast period (2021-2026).
• The construction industry is the largest end-use industry for waterproofing chemicals, accounting for more than 50% of the market share.
• The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing construction activities in emerging economies, such as China and India.
• The increasing demand for environment-friendly and sustainable waterproofing solutions is expected to drive the market growth.
• The major players in the market are BASF SE, Sika AG, RPM International Inc., Wacker Chemie AG, and Pidilite Industries Limited.

Market Analysis

The global waterproofing chemicals market is a highly competitive and rapidly growing industry that includes a wide range of products and applications. The market is driven by the increasing demand for waterproofing solutions in various end-use industries, such as construction, infrastructure, and automotive. In addition, the growing awareness of the benefits of waterproofing chemicals, such as durability, sustainability, and cost-effectiveness, is also contributing to the market growth.

The construction industry is the largest end-use industry for waterproofing chemicals, accounting for more than 50% of the market share. The increasing demand for waterproofing solutions in residential and commercial construction projects, as well as in infrastructure development, is driving the market growth.

The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing construction activities in emerging economies, such as China and India. The rising population and urbanization, coupled with the increasing government investments in infrastructure development, are expected to drive the demand for waterproofing chemicals in the region.

The increasing demand for environment-friendly and sustainable waterproofing solutions is expected to drive the market growth. The manufacturers are focusing on developing eco-friendly products that are free from harmful chemicals and have. The major players in the market are BASF SE, Sika AG, RPM International Inc., Wacker Chemie AG, and Pidilite Industries Limited. These companies are investing heavily in research and development to develop new and innovative products and expand their product portfolio. They are also focusing on strategic partnerships and collaborations to expand their reach and enhance their market position.

Market Drivers

1. Increasing demand from the construction industry

The construction industry is the largest end-use industry for waterproofing chemicals, accounting for more than 50% of the market share. The increasing demand for waterproofing solutions in residential and commercial construction projects, as well as in infrastructure development, is driving the market growth. The rapid urbanization and industrialization in emerging economies, such as China, India, and Brazil, are also contributing to the market growth.

2. Growing awareness of the benefits of waterproofing chemicals

The growing awareness of the benefits of waterproofing chemicals, such as durability, sustainability, and cost-effectiveness, is also contributing to the market growth. Consumers are becoming more aware of the importance of waterproofing solutions in protecting buildings and structures from water damage and are willing to pay a premium for high-quality products.

3. Increasing demand for environment-friendly and sustainable solutions

The increasing demand for environment-friendly and sustainable waterproofing solutions is expected to drive the market growth. Consumers are becoming more conscious of the environmental impact of the products they use and are looking for eco-friendly alternatives. This has led to the development of bio-based waterproofing chemicals that use renewable sources instead of petrochemicals.

Market Restraints

1. High cost of waterproofing chemicals

The high cost of waterproofing chemicals is a major restraint for the market. High-quality waterproofing solutions can be expensive, especially for large-scale projects, and this can deter some consumers from investing in them. The manufacturers need to develop cost-effective products that can meet the demands of consumers while maintaining profitability.

2. Availability of substitutes

The availability of substitutes, such as water-resistant coatings and sealants, is another restraint for the market. These products offer similar benefits as waterproofing chemicals but are cheaper and easier to apply. The manufacturers need to differentiate their products and offer unique benefits to compete with these substitutes.

Market Opportunities

1. Growing demand for waterproofing solutions in the automotive industry

The growing demand for waterproofing solutions in the automotive industry is an opportunity for the market. The increasing use of electronics and sensors in modern cars has led to a need for waterproofing solutions to protect these components from water damage. The manufacturers can develop specialized products to cater to this demand and expand their market reach.

2. Emerging economies

The emerging economies, such as China, India, and Brazil, present a significant opportunity for the market. The rapid urbanization and industrialization in these countries have led to an increase in construction activities, which, in turn, has driven the demand for waterproofing solutions. The manufacturers can expand their market presence in these countries by offering high-quality and cost-effective products.

Market Dynamics

The global waterproofing chemicals market is a highly dynamic industry that is influenced by various factors, such as market trends, consumer preferences, and technological advancements. The market is characterized by intense competition, with numerous players vying for market share. The manufacturers need to differentiate their products and offer unique benefits to stay ahead of the competition.

The market is also influenced by government regulations and policies. The manufacturers need to comply with the regulations related to the use of chemicals and ensure that their products are safe for use and do not harm the environment.

The market is also affected by technological advancements. The manufacturers need to invest in research and development to develop new and innovative products that can meet the changing needs of consumers. The use of advanced materials and technologies can help manufacturers offer superior products that provide better protection and are more durable.

Regional Analysis

The global waterproofing chemicals market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing construction activities in emerging economies, such as China and India. The rapid urbanization and industrialization in these countries have led to a surge in demand for waterproofing solutions.

The North American and European markets are also expected to witness steady growth during the forecast period due to the growing awareness of the benefits of waterproofing chemicals and the increasing demand for sustainable solutions. The Middle East & Africa and South American markets are expected to witness moderate growth during the forecast period due to the increasing government investments in infrastructure development.

Competitive Landscape

Leading Companies in the Global Waterproofing Chemicals Market:

1. BASF SE
2. Sika AG
3. RPM International Inc.
4. Dow Chemical Company
5. Pidilite Industries Ltd.
6. Fosroc International Ltd.
7. Carlisle Companies Inc.
8. Mapei S.p.A.
9. GCP Applied Technologies Inc.
10. Akzo Nobel N.V.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global waterproofing chemicals market is segmented by type, application, and region.

By Type:

• Bitumen
• PVC
• TPO
• EPDM
• Others

By Application:

• Roofing and Walls
• Building Structures
• Landfills and Tunnels
• Bridges and Highways
• Others

By Region:

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

Category-wise Insights

Roofing and walls are the largest application segment for waterproofing chemicals, accounting for more than 40% of the market share. The increasing demand for waterproofing solutions in residential and commercial construction projects is driving the demand for these products. The building structures segment is also expected to witness significant growth during the forecast period due to the increasing government investments in infrastructure development.

The bitumen segment is the largest product segment for waterproofing chemicals, accounting for more than 30% of the market share. Bitumen is widely used in roofing and pavement applications due to its excellent waterproofing properties and durability. The PVC and TPO segments are also expected to witness significant growth during the forecast period due to the increasing demand for environment-friendly and sustainable solutions.

Key Benefits for Industry Participants and Stakeholders

1. Increased demand for waterproofing solutions in various end-use industries, such as construction, infrastructure, and automotive, provides significant growth opportunities for industry participants.
2. The growing awareness of the benefits of waterproofing chemicals, such as durability, sustainability, and cost-effectiveness, is driving the demand for these products.
3. The increasing demand for environment-friendly and sustainable waterproofing solutions provides significant growth opportunities for industry participants.
4. The Asia-Pacific region presents significant growth opportunities due to the increasing construction activities in emerging economies, such as China and India.

SWOT Analysis

Strengths:

• Increasing demand from the construction industry
• Growing awareness of the benefits of waterproofing chemicals
• Increasing demand for environment-friendly and sustainable solutions
• Technological advancements in the industry

Weaknesses:

• High cost of waterproofing chemicals
• Availability of substitutes
• Stringent regulations related to the use of chemicals

Opportunities:

• Growing demand for waterproofing solutions in the automotive industry
• Emerging economies
• Increasing demand for eco-friendly and sustainable solutions

Threats:

• Intense competition in the market
• Fluctuations in raw material prices
• Economic slowdowns and political instability

Market Key Trends

1. Growing demand for eco-friendly and sustainable solutions

The growing demand for eco-friendly and sustainable waterproofing solutions is a key trend in the market. Consumers are becoming more conscious of the environmental impact of the products they use and are looking for eco-friendly alternatives. This has led to the development of bio-based waterproofing chemicals that use renewable sources instead of petrochemicals.

2. Technological advancements in the industry

Technological advancements in the industry are also a key trend in the market. The manufacturers are investing in research and development to develop new and innovative products that can meet the changing needs of consumers. The use of advanced materials and technologies can help manufacturers offer superior products that provide better protection and are more durable.

3. Focus on differentiation and product innovation

The focus on differentiation and product innovation is another key trend in the market. The manufacturers are developing specialized products that offer unique benefits to their customers. They are also investing in research and development to develop new and innovative products that can meet the changing needs of consumers.

Covid-19 Impact

The global waterproofing chemicals market has been affected by the Covid-19 pandemic. The pandemic has led to a slowdown in construction activities and has disrupted the supply chain of raw materials. The lockdowns and travel restrictions imposed by governments have also affected the distribution and sales of waterproofing chemicals.

However, the market has shown resilience and is expected to recover during the forecast period. The increasing demand for waterproofing solutions in various end-use industries, such as construction and infrastructure, is expected to drive the market growth. The manufacturers are also focusing on developing environment-friendly and sustainable solutions to cater to the changing needs of consumers.

Key Industry Developments

1. In August 2020, Sika AG announced the acquisition of Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing systems in Egypt. The acquisition is expected to enhance Sika’s position in the growing Egyptian market.
2. In July 2020, Pidilite Industries Limited announced the launch of Dr. Fixit Silicone Sealant, a high-performance waterproofing solution for roofs and walls. The product is expected to cater to the growing demand for sustainable and eco-friendly solutions.

Analyst Suggestions

The global waterproofing chemicals market is expected to witness significant growth during the forecast period due to the increasing demand for waterproofing solutions in various end-use industries. The manufacturers need to focus on developing cost-effective and environment-friendly solutions that can meet the changing needs of consumers. They also need to differentiate their products and offer unique benefits to stay ahead of the competition.

Future Outlook

The global waterproofing chemicals market is expected to grow at a CAGR of 8.5% during the forecast period (2021-2026). The increasing demand for waterproofing solutions in various end-use industries, such as construction and infrastructure, is expected to drive the market growth. The growing awareness of the benefits of waterproofing chemicals, such as durability, sustainability, and cost-effectiveness, is also expected to contribute to the market growth.

The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing construction activities in emerging economies, such as China and India. The manufacturers are expected to focus on developing environment-friendly and sustainable solutions to cater to the changing needs of consumers. The focus on differentiation and product innovation is expected to continue to drive the market growth.

Conclusion

The global waterproofing chemicals market is a dynamic industry that is driven by various factors, such as market trends, consumer preferences, and technological advancements. The market is characterized by intense competition, with numerous players vying for market share. The manufacturers need to differentiate their products and offer unique benefits to stay ahead of the competition. The increasing demand for waterproofing solutions in various end-use industries, such as construction and infrastructure, is expected to drive the market growth. The growing awareness of the benefits of waterproofing chemicals, such as durability, sustainability, and cost-effectiveness, is also expected to contribute to the market growth.

The manufacturers need to focus on developing cost-effective and environment-friendly solutions that can meet the changing needs of consumers. They also need to invest in research and development to develop new and innovative products that can provide better protection and are more durable. The focus on differentiation and product innovation is expected to continue to drive the market growth.

The Asia-Pacific region is expected to witness significant growth during the forecast period due to the increasing construction activities in emerging economies, such as China and India. The manufacturers are expected to focus on developing environment-friendly and sustainable solutions to cater to the changing needs of consumers. Overall, the global waterproofing chemicals market is expected to witness significant growth during the forecast period and presents significant growth opportunities for industry participants and stakeholders.