Global Waterproofing Chemicals Market- Market Overview:

The Global Waterproofing Chemicals market is expected to grow from USD 30 billion in 2021 to USD 69.13 billion by 2029, at a CAGR of 11% during the Projection period 2022-2029. The growth of this market is mainly driven owing to increasing construction activity around the world.

A synthetic chemical substance is known as a waterproofing chemical guard against water infiltration and percolation on the building. Apart from electrical, metal, and other structural risks, excessive water penetration in buildings can limit their lifespan and potentially result in accidentally damaging the structure. Waterproofing chemical is typically blended with a construction application or applied to the exterior of a foundation system. The use of waterproofing offers a building or substrate many benefits, including reduced construction maintenance costs, a sustainable structure, and a defense against severe weather. In order to protect buildings against water seepage, which can shorten a structure's lifespan and pose risks to electrical systems, metal, and human health, waterproofing chemicals are typically utilized. Due to frequent climate changes, cement-based constructions suffer greatly from damping and erosion, which reduces the useful life of residential and commercial structures. Chemicals for waterproofing are therefore necessary since they provide the structure with a longer lifespan.

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Market Dynamics:

Drivers:                          

• Construction industry in developing countries is expanding

Construction is a high-risk sector that covers a wide range of activities, from infrastructure creation to rehabilitation, including building homes, bridges, paving roads, and doing extensive roof replacements. Rising construction activity is increasing the demand for waterproofing chemicals in developing nations like China, India, and Japan. Additionally, there has been substantial investment in residential development in the United States, and this trend is anticipated to continue in the near future. For instance, the value of construction put in place in residential and nonresidential buildings grew to $567,555 billion and $470,986 billion in January 2020 from $546,532 billion and $466,436 billion in December 2019, respectively, according to the U.S. Census Bureau. High housing demand is also present in Mexico, which has attracted substantial investment in the new building. For instance, the Inter-American Development Bank (IDB) granted the Mexican company Procsa a local currency financing program in January 2019 for up to 150 billion Mexican pesos ($7.8 billion) to finance the purchase of land, the development of housing, and its commercialization for low- and middle-income families in the nation. Therefore, the market for waterproofing chemicals is expanding as a result of the increase in construction projects and investments.

Restraints:                                             

• Varying costs for raw materials

The cost and accessibility of raw materials are two important variables that determine the cost of finished goods. The primary obstacle for the global market for waterproofing chemicals is the shifting price trends of raw materials, which change as a result of erratic energy costs because the majority of raw materials are petroleum-based. According to BP figures, the average oil price rose from $54 per barrel in 2017 to $71 per barrel in 2018. As a result, the expansion of the market for waterproofing chemicals is negatively impacted by the change in oil prices. Additionally, employees may be exposed to volatile vapors while applying waterproofing compounds like bitumen. Long-term exposure to these pollutants may cause bronchitis and nasal inflammation, among other health problems. As a result, this aspect can also have an impact on the market growth for waterproofing chemicals.

Opportunities:

• Ongoing efforts to develop green and energy-efficient structures

The goal of regulatory agencies is to create a framework that rewards environmentally friendly and energy-efficient construction while also lowering pollution levels. The need for waterproofing chemicals is anticipated to rise as a result of these activities. Government efforts in developing nations to build basic infrastructure, such as residences made of concrete, access to good roads, and an improved irrigation system, are anticipated to strengthen the infrastructure and industrial sectors and increase demand for waterproofing chemicals.

Challenges                                     

• Side effects of waterproofing chemicals

The environment and public health may be at risk due to the widespread usage of waterproofing chemicals or membranes. Due to the fact that these substances are applied through spray, both the user and nearby personnel may be harmed. Fluorinated substances present in the waterproofing chemicals have the potential to enter the respiratory systems and result in problems including pneumonitis and lung injuries. It could also lead to other health problems like bronchitis and nasal discomfort.

Segmentation Analysis:

The global waterproofing chemicals market has been segmented based on product type, application, and region.

By Product Type

The product type segment is bitumen, TPO, EPDM, elastomers, polymers, and PVC. The TPO segment led the waterproofing chemicals market with a market share of around 23.08% in 2021. Due to their excellent energy efficiency, thermoplastic polyolefins are likely to see an increase in demand. Since TPO membranes are entirely recyclable and don't contain any poisonous or dangerous chemicals, their demand is projected to increase over the Projection period.

By Application           

The application includes waste & water management, floors & basements, roofing & walls, and tunnel liners. The roofing & walls segment led the waterproofing chemicals market with a market share of around 33% in 2021. Due to rising government spending on infrastructure construction, the segment is expanding. Rapid urbanization and rising middle-class disposable income are projected to propel the construction industry's global expansion. Over the course of the Projection period, it is anticipated that rising consumer awareness of product quality will positively affect market growth.

By Regional Analysis:

The regions analyzed for the waterproofing chemicals market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the waterproofing chemicals market and held a 42% share of the market revenue in 2021.

• Asia Pacific region witnessed a major share. The market in the region is expanding as a result of the expansion of construction in the region due to rapid industrialization and economic growth. Due to expanding infrastructure spending and rising average consumer disposable income, the Asia Pacific is anticipated to have significant growth throughout the Projection period.
• Europe is anticipated to experience significant growth during the predicted period. An increasing inclination for environmentally friendly construction methods is driving the market expansion for bio-based waterproofing chemicals. In order to enable businesses to offer eco-friendly goods and solutions, the European Commission adopted favorable laws governing the manufacture of natural-based polymer products, such as biopolymers. the textile and fabric sector's strong industrial base and rising domestic demand in Germany, Italy, France, and the United Kingdom. is expected to grow the regional market.

Global Waterproofing Chemicals Market- Country Analysis:

• Germany

Germany's Waterproofing Chemicals market size was valued at USD 1.45 billion in 2021 and is expected to reach USD 2.68 billion by 2029, at a CAGR of 8% from 2022 to 2029.

Europe's largest market for construction chemicals was in Germany. Europe's largest construction market, Germany has been quietly expanding, primarily due to an increase in new residential construction activity. Experts in the field predicted that 306,376 units of new homes would be finished in 2020 as opposed to 293,002 units in 2019. The country's need for waterproofing chemicals is fueled by the rise in construction activity.

• China

China Waterproofing Chemicals’ market size was valued at USD 4.03 billion in 2021 and is expected to reach USD 7.45 billion by 2029, at a CAGR of 8.51% from 2022 to 2029. In China, the construction industry is booming. For instance, the authorized spending of $142 billion on 26 infrastructure projects in 2019 was approved by China. The market is also seeing the emergence of an application-specific product category, which is meeting the growing demand for application-specific products by the main end users, as prominent market participants invest about 3% of their revenue in research and development.

• India

India's Waterproofing Chemicals market size was valued at USD 3.02 billion in 2021 and is expected to reach USD 6.01 billion by 2029, at a CAGR of 9% from 2022 to 2029. India's expansion of shopping centers and skyscrapers has generated a strong market for construction companies, which will soon lead to a large increase in the need for waterproofing chemicals. Additionally, the country's demand for waterproofing chemicals is fueled by India's intentions to invest US$ 1.4 trillion in infrastructure over the next five years, according to the India Brand Equity Foundation (IBEF).

Key Industry Players Analysis:                                                     

To increase their market position in the global waterproofing chemicals business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.

• Sika AG
• Wacker Chemie AG
• BASF SE
• DowDuPont
• RPM International Inc.
• Drizoro S.A.U.
• Conpro Chemicals Pvt. Ltd
• Mapei S.p.A
• Soprema Inc.
• Pidilite Industries Ltd.
• Carlisle Companies Inc.
• Fosroc

Latest Development:

• In April 2021, in order to improve construction and glass embedding designs securely and effectively, Dow launched DOWSIL 375 Construction & Glass Embedding, a new high strength, fast-cure technology.
• In November 2021, Swiss chemicals producer Sika has agreed to acquire MBCC Group for 5.5 billion Swiss francs ($6 billion) in order to expand its position in sustainable construction. This would be Sika's largest acquisition in the $70 billion building chemicals market, which is currently fragmented.

Report Metrics

Report Attribute	Details
Study Period	2021-2029
Base year	2021
CAGR (%)	11%
Market Size	30 billion in 2021
Projection period	2022-2029
Projection unit	Value (USD)
Segments covered	By Product Type, By Application, and Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Sika AG, Wacker Chemie AG, BASF SE, DowDuPont, RPM International Inc., Drizoro S.A.U., Conpro Chemicals Pvt. Ltd, Mapei S.p.A, Soprema Inc., Pidilite Industries Ltd., Carlisle Companies Inc., Fosroc, among others
By Product Type	Bitumen TPO EPDM Elastomers Polymers PVC
By Application	Waste & Water Management Floors & Basements Roofing & Walls Tunnel Liners
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Waterproofing Chemicals Market by Product Type:

• Bitumen
• TPO
• EPDM
• Elastomers
• Polymers
• PVC

Global Waterproofing Chemicals Market by Application:

• Waste & Water Management
• Floors & Basements
• Roofing & Walls
• Tunnel Liners

Global Waterproofing Chemicals Market by Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- Political considerations have a significant impact on the variables that can impact the long-term profitability of waterproofing chemicals in a specific country or market. The chemical sector must deal with varying standards in supply chains and other economic constraints as a result of the rise in political instability. According to many signs, diverging standards are expected to persist and even worsen. Fortunately, most chemicals are naturally regionally-specific rather than really global goods. However, intercontinental trade continues to be important for many participants, particularly for those that have access to favourable feedstock or labour rates. In addition, many chemical businesses rely on clients who ship their products across continents.

Economical Factors- The aggregate demand and aggregate investment in an economy are determined by the macroenvironmental factors, such as the inflation rate, savings rate, interest rate, foreign exchange rate, and economic cycle. While microenvironmental elements like industry norms have an impact on the firm's competitive edge. To predict the growth trajectory, the waterproofing chemical sector can make use of national economic factors like growth rate and inflation as well as industry-specific economic indicators like materials industry growth rate and consumer spending.

Social Factor- As an applied science, the chemical field has a significant impact on a variety of societal issues, including political, environmental, and economic stability. Human development has benefited from the waterproofing chemical market, and the chemicals sector's products have influenced a variety of industries, including petrochemistry, food, hygiene, painting, and agriculture. The chemical industry is regarded as a problem-solver for society because it created crop-enhancing agricultural chemicals to guarantee a steady and viable food supply, contributed to the eradication of deadly diseases by developing life-saving pharmaceuticals and chemical pesticides, developed novel plastics and synthetic fibres for use in both industrial and consumer products, and produced waterproofing chemical that are used in numerous other industries.

Technological Factors- In the past, new digital or analytics technologies have often been slow to be adopted by the chemical sector. Additionally, the present artificial intelligence (AI) wave is only just beginning to impact chemical companies. Given that the chemical industry is a producer of physical commodities with typically a limited number of suppliers for a given product and, consequently, a relatively high industry utilisation, this may be easily justified. New digital strategies can still offer little but significant advantages (mostly around asset and commercial productivity).

Environmental Factors- Different markets have various norms or environmental requirements, which might have an effect on an organization's profitability there. States frequently have differing liability and environmental regulations even within the same nation. For instance, in the United States, Florida and Texas have differing liability provisions in the event of accidents or environmental catastrophes. Similar to this, many European nations offer substantial tax incentives to businesses engaged in the renewable energy industry. The strongly increasing intensity of economic human activity has resulted in a number of concerning ecological developments, such as climate change, water shortage, the reduction of biodiversity, and other challenges.

Legal Factors- Many nations' institutions and legal systems are not strong enough to safeguard an organization's intellectual property rights. Before entering such markets, a company should carefully consider its options because doing so could result in the theft of its secret competitive advantage. Laws governing discrimination, copyright, patents, intellectual property, consumer protection, e-commerce, employment, health and safety, and data protection are just a few of the legal aspects that affect waterproofing chemical.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Product Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Construction industry in developing countries is expanding
   • 3. Restraints
     • 3.1. Varying cost for raw materials
   • 4. Opportunities
     • 4.1. Ongoing efforts to develop green and energy-efficient structures
   • 5. Challenges
     • 5.1. Side effects of waterproofing chemicals

6. Global Waterproofing Chemicals Market Analysis and Projection, By Product Type
   • 1. Segment Overview
   • 2. Bitumen
   • 3. TPO
   • 4. EPDM
   • 5. Elastomers
   • 6. Polymers
   • 7. PVC
7. Global Waterproofing Chemicals Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Waste & Water Management
   • 3. Floors & Basements
   • 4. Roofing & Walls
   • 5. Tunnel Liners
8. Global Waterproofing Chemicals Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Waterproofing Chemicals Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Waterproofing Chemicals Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Product Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Sika AG
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Product Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Wacker Chemie AG
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Product Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • BASF SE
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Product Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • DowDuPont
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Product Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • RPM International Inc.
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Product Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Fosroc
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Product Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Drizoro S.A.U.
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Product Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Conpro Chemicals Pvt. Ltd
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Product Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Mapei S.p.A
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Product Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • Soprema Inc.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Product Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
2. Global Bitumen, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
3. Global TPO, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
4. Global EPDM, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
5. Global Elastomers, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
6. Global Polymers, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
7. Global PVC, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
8. Global Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
9. Global Waste & Water Management, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
10. Global Floors & Basements, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
11. Global Roofing & Walls, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
12. Global Tunnel Liners, Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
13. Global Waterproofing Chemicals Market, By Region, 2021–2029 (USD Billion)
14. North America Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
15. North America Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
16. USA Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
17. USA Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
18. Canada Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
19. Canada Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
20. Mexico Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
21. Mexico Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
22. Europe Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
23. Europe Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
24. Germany Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
25. Germany Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
26. France Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
27. France Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
28. UK Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
29. UK Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
30. Italy Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
31. Italy Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
32. Spain Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
33. Spain Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
34. Asia Pacific Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
35. Asia Pacific Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
36. Japan Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
37. Japan Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
38. China Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
39. China Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
40. India Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
41. India Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
42. South America Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
43. South America Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
44. Brazil Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
45. Brazil Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
46. Middle East and Africa Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
47. Middle East and Africa Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
48. UAE Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
49. UAE Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)
50. South Africa Waterproofing Chemicals Market, By Product Type, 2021–2029 (USD Billion)
51. South Africa Waterproofing Chemicals Market, By Application, 2021–2029 (USD Billion)

List of Figures 

1. Global Waterproofing Chemicals Market Segmentation
2. Waterproofing Chemicals Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Waterproofing Chemicals Market Attractiveness Analysis By Product Type
9. Global Waterproofing Chemicals Market Attractiveness Analysis By Application
10. Global Waterproofing Chemicals Market Attractiveness Analysis By Region
11. Global Waterproofing Chemicals Market: Dynamics
12. Global Waterproofing Chemicals Market Share By Product Type (2021 & 2029)
13. Global Waterproofing Chemicals Market Share By Application (2021 & 2029)
14. Global Waterproofing Chemicals Market Share by Regions (2021 & 2029)
15. Global Waterproofing Chemicals Market Share by Company (2020)