The Waterproofing Systems market is forecast to remain the current increasing rate over the next few years. According to the WK-chem Research "Global Waterproofing Systems Professional Survey Report 2022, Forecast to 2027", With the rising construction activities, due to growing population in China and other developing countries, have provided an added impetus to the global waterproofing market, the Waterproofing Systems industry is developing at a steady speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 4.5% base on WK-chem Research regression analysis model.
Analysts' Viewpoint
"There is a significant demand for cost-effective and efficient products, particularly construction projects. Waterproofing systems provide various benefits, including chemical resistance, UV protection, heat resistance, strength and durability, all of which contribute to a structure's longevity. Furthermore, these systems are easy to install and require lesser work, which helps decrease restoration and upkeep costs in both the short and long run across various applications. Waterproofing systems of ethylene propylene diene monomer (EPDM), PVC and TPO are lightweight and easily transportable. Furthermore, installing waterproofing systems requires far less effort and significantly less than built-up roofing. The factors above reduce the overall cost of waterproofing systems, making them suitable for domestic and commercial sectors to meet their waterproofing needs." said Amy, Senior analyst, Chemical & Material Market Research Center in WK-chem Research. Product Introduction: The waterproofing system is a collection of interconnected components to prevent moisture infiltration into the facility. In most waterproofing applications, the system configuration is the same. The structural substrate, membrane, flashing and insulation are material components that are common to all types of waterproofing applications. Waterproofing is the process of creating a waterproof barrier that prevents water from entering or exiting various areas of a building structure. Waterproofing systems are used in various applications, such as roofs, wet rooms, water and sewage treatment facilities, building foundations, retaining walls and tunnels.
Market insight
-COVID-19 impact on Global Waterproofing Systems Market The waterproofing systems are used mainly in the construction industry. COVID-19 has severely impacted this industry. The lockdown in various countries and logistical restrictions have adversely impacted the construction industry. Supply chain disruptions, workforce unavailability, logistical restrictions, limited availability of components, demand drop, low company liquidity, and shutdown of manufacturing due to lockdown in various countries have adversely affected the industry. Raw material suppliers and other related businesses are forced to re-evaluate their strategies to cater to this industry during this crisis period. Residential and commercial construction has come to a grinding halt owing to the pandemic. Waterproofing systems demand from this sector is expected to be low to the medium during this crisis period. Some major issues would be a delay in order shipments, supply chain restriction, manpower & equipment shortage, and material shortage. Post conclusion of this crisis, the market is expected to revive, and demand is likely to increase for the waterproofing systems market. The demand for construction activities has increased in the healthcare sector, owing to the pandemic. A rise in demand for new hospitals and care institutions have provided some stability to the construction sector thus driving the waterproofing systems market -Market Driving Factor: Growing demand for cost-effective and efficient waterproofing systems Waterproofing systems are a significant part of construction projects. Waterproofing systems provide various benefits, including protection from UV radiation, chemical resistance, heat resistance, waterproofing during the rainy season, durability, and strength, all of which help in increasing the life span of a structure. In addition, these systems are easy to install and require low labor input, which also helps in reducing the repair and maintenance costs in the short- and long- runs across various applications. Waterproofing systems based on PVC, EPDM, MB, and TPO are lightweight and easy to transport. Moreover, as compared to built-up roofing, installing waterproofing systems does not require much labor, and the installation cost is much less. The parameters mentioned above further decrease the overall cost of waterproofing systems, hence, making them an excellent choice for residential and commercial sectors to meet their waterproofing needs. -Market Restraining Factor: Potential health and environmental issues The use of waterproofing chemicals or membranes poses environmental and human health risks. Waterproofing chemicals, when used in spray form, can be dangerous for the user and also the workers in the vicinity. These chemicals might contain fluorinated compounds, which, when entering the respiratory system, can cause chemical pneumonitis, lung trauma, and other respiratory problems. Similarly, while applying bitumen-based membranes, workers can be exposed to volatile fumes. Extended exposure to these fumes may lead to health issues, such as nasal irritation or bronchitis. In addition, employees with extended lengths of employment have exhibited more nasal, pharyngeal symptoms. Although there is a shifting trend toward synthetic membranes, bitumen still accounts for a significant share among other waterproofing membranes. This means a large section of workers in the roofing industries, especially in emerging economies, are vulnerable. The presence of solvents, diluents, and others in waterproofing systems also harms the environment by releasing toxic fumes and VOCs in the atmosphere. However, the use of respirators, protective clothing, and eco-friendly alternatives can be used to mitigate these factors.
Market Segmentation
: Based on type, the market is segmented into integrated systems and waterproofing membranes & chemicals. Among these segments, the Waterproofing membranes accounts the largest share of Waterproofing System market. Waterproofing membranes are widely used systems which include polyurethane membrane, bituminous membrane, PVC sheet membrane, and TPO. TPO will develop at the quickest development rate in the anticipated period due to synthetic waterproofing membranes predominantly in roofing and re-roofing applications, flexibility, and better resistance properties in comparison with other membranes. Based on Material, the market is segmented into Liquid, Cementitious, Bituminous, and Thermoplastic Membrane. Among these segments, the Liquid membranes accounts the largest share of Waterproofing System market. Liquid membranes were preferred over other waterproofing methods due to their high efficiency and their low-cost. The innovations in liquid membranes have provided further impetus to the industry. Within liquid membranes, acrylic membranes are expected to see a healthy growth in the coming years as they provide protection to roofs against weather conditions like hail storms, snow and heat. The industry for bituminous membranes will also grow in the forecast period because of their rising demand due to their durability and high tensile strength. Based on application type, the market is segmented into waste & water management, roofing & walls, building structures, roadways, and other applications. Among these segments, the water management accounts the largest share of Waterproofing System market. The water management segment is assessed to develop at the quickest rate due to the increase in industrialization, urbanization, population growth, water conservation activates. The roofing & walls segment is another bigger shareholder of the waterproofing market due to rising residential construction activities in many regions.
Competition Landscape
: This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Waterproofing Systems companies that include Sika AG, BASF SE, Soprema, GCP applied technologies, Fosroc, Mapei S.P.A, Carlisle Construction Company, Tremco, Pidilite industries and Henkel Polybit Waterproofing Systems
Regional Market Analysis
In terms of geography, the global Waterproofing Systems market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.
Asia-Pacific is estimated to be the significant market for waterproofing membranes over the projected period owing to increased urbanization, disposable income and thus growing building and construction industry. China, Australia, Korea and India account for the majority of demand.
The building and construction in China are the most growing in Asia-Pacific. The market for waterproofing membranes is expanding as China's commercial development, construction and high-end real estate have experienced rapid growth. In addition, the implementation of energy-saving initiatives is likely to stimulate demand for waterproofing systems in the region.
Moreover, India is now under infrastructural development, including the metros, highways and airports aside from commercial and residential building construction various metro rail projects. Therefore, it is projected to stimulate the waterproofing systems market in the region. Meanwhile, North America is the second leading segment for the waterproofing system and is expected to gain more share in the coming years. The rising construction activities in Canada, the U.S., and Mexico are driving the overall regional market growth.
Market Prospect & Suggestion
Waterproofing systems are associated with toxicity and VOC content. Sika, Fosroc, Kemper Systems, Pidilite, and other manufacturers provide and have also invested in R&D of solutions, which have minimal environmental and human footprints. Manufacturers are increasingly accrediting their products with green certification for use in sustainable construction projects, such as green roofs and green buildings.
Green roofs are roof structures of any building, which are completely or partially covered with vegetation. Green roofs help in reduction in energy costs and urban heat island effect, removal of harmful air particles, and reduction of stormwater runoff. Green buildings, on the other hand, are buildings which are energy-efficient. Waterproofing is an important aspect of these building structures; it provides efficient protection from water runoff, weather conditions, and also provides energy efficiency. In countries, including Germany and the US, green buildings are witnessing high growth owing to regulations pertaining to emissions from buildings, and also due to the positive impact of these establishments.
Therefore, environment-friendly waterproofing systems and green buildings could be considered as the major trend and opportunity of Waterproofing system.
Cagr: 4.5%
Region with the largest share: Asia-Pacific
Largest country in largest share region: China
Product Type(by construction type): Integrated Systems and Waterproofing Membranes & Chemicals.
Product Type(by Material): Liquid, Cementitious, Bituminous, Thermoplastic Membrane (PVC, Others)
Application: Waste & Water Management, Roofing & Walls, Building Structures, Roadways, and Other Applications
Leading Company: Sika AG, BASF SE, Soprema, GCP applied technologies, Fosroc
