방수제 시장 : 예측(2024-2029년)

The waterproofing chemicals market is expected to grow at a CAGR of 8.74% over the forecast period to reach US$54.807 billion in 2029, increasing from estimated value of US$36.055 billion in 2024.

Waterproofing chemicals are based on polymers that are highly water resistant, making them very effective in filling and sealing different kinds of cracks. Owing to their high-performance features and climatic resistance, such chemicals find major applicability in the construction sector.

Increasing awareness regarding the importance of using waterproofing chemicals, followed by efforts to improve longevity and self-adhesion, is contributing to their market demand growth across various industries. Crude oil price fluctuation will hamper the production scale of petroleum-based waterproofing chemicals, thereby negatively impacting the overall market growth. Hence, the volatility of oil prices is expected to be one of the major restraining factors for market growth.

The Asia-Pacific will show significant growth in 2022 and will continue to dominate the global market over the forecast period. China and India are expected to play a major role in the market's growth. Government policies promoting infrastructure development in such major APAC economies are expected to fuel the demand for these chemicals.

Waterproofing Chemicals Market Drivers:

• Increasing investments in the water and wastewater sector have propelled the market growth.

Waterproofing chemicals prevent seepage and water leakage from tanks and floors owing to which they are majorly used in water treatment plants. The market is expected to surge in the coming years due to the ongoing investments in the water and wastewater sectors worldwide.

According to the data given by the United Nations report, investment in water infrastructure is projected to increase to US$6.7 trillion by 2030 and around US$22.6 trillion by 2050. Various countries have been making significant developments in the market. For instance, in India, according to the India Investment Grid, there have been around 497 opportunities in water treatment plants worth around US$107.07 billion.

• Growth in the construction sector is anticipated to propel the market expansion.

The construction sector is the major end-user of waterproofing chemicals, as they are applied to various places, such as roofs and walls, to make the entire structure water-resistant, which will prevent dampness and wear and tear. Rapid population growth coupled with booming commercial culture has accelerated the demand for residential and commercial establishments, which has increased the overall construction spending of major economies.

For instance, according to the U.S. Department of Commerce's Census Bureau, around 50% of construction spending in the United States is generated from the housing sector. Additionally, according to the US Census Bureau, in August 2023, construction spending stood at an adjusted seasonable rate of US$1,983.5 billion, signifying a 7.4% increase over 2022's spending for the same month.

• Favorable investment in water plants has stimulated market growth.

Waterproofing chemicals are also highly applicable in water treatment plants, where they prevent seepage and leakage from tanks, thereby maintaining their structural integrity and preventing corrosion. The growing demand for clean drinking water has propelled the investment scale for water plants in various nations.

For instance, in May 2024, the Biden Administration, according to the Bipartisan Infrastructure Law, announced an investment of US$31 billion that would secure the supply of clean drinking water through new infrastructure projects, including upgrading the old water treatment plants.

Waterproofing Chemicals Market Geographical Outlook

• During the forecast period, Asia Pacific will hold a considerable market share.

Asia Pacific is expected to constitute a significant market share attributable to the bolstering end-user growth of waterproofing chemicals in major regional economies. China is one of the major economies witnessing a significant surge in its construction sector. The National Development and Reform Commission states that major construction projects, including highways, waterways, and residential projects, have witnessed positive growth in China.

Likewise, the Indian government has launched various housing projects that have propelled residential construction in the country. Establishing funds under the National Housing Bank will bolster the overall spending on such projects, which will positively impact the demand for various raw materials, including waterproofing chemicals, thereby augmenting their market expansion.

Additionally, innovations are being made by various companies, for instance, Dr. Fixit, one of the key players in the market, provides a wide range of solutions for waterproofing a novel home or for repair. Its portfolio comprises waterproofing chemicals suitable for internal & external walls, roofs, and structures. Such ongoing development trend will stimulate the market's growth, in the coming years.

Waterproofing Chemicals Market Key Developments

• April 2024: Beacon formed a purchase agreement with the Denver-based distributor of waterproofing solutions, Smalley & Company. The acquisition formed a part of Beacon to further expand its presence in the other regional construction & restoration markets.
• December 2023: Saint Gobain announced the acquisition of India-based waterproofing solutions manufacturer Menkol Industries Private Limited, which enabled the former to strengthen its position in the specialty building materials offerings in the Indian market. The acquisition further formed part of Sait Gobain's "Grow & Impact" strategy.
• May 2023: Sika completed the acquisition of MBCC Group, which specializes in providing specialty building materials, including waterproofing chemicals, to the construction sector. The acquisition enabled Sika to broaden its reach across different regions since MBCC Group has established its market with 95 production facilities across 60 different countries.
• January 2023: Beacon acquired Boston-based distributor of commercial and multifamily waterproofing products, Whitney Building Products LLC. It enabled the former to expand its branches across the US and also formed a part of its "Ambition 2025" growth targets.
• October 2022: Holcim completed the acquisition of Illinois Tool Work's Polymer Sealants North America division. It specializes in manufacturing adhesives, sealants, and other related products meant for coating and waterproofing.

The Waterproofing Chemicals market is segmented and analyzed as:

By Membrane Type

• Bitumen
• Elastomers
• PVC
• TPO
• EPDM
• Others

By End-User Industry

• Construction
• Textile
• Waste Water Management
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• France
• Germany
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• Thailand
• Taiwan
• Indonesia
• Australia
• Others

TABLE OF CONTENTS

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 for the Stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings

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 CHEMICALS MARKET BY MEMBRANE TYPE

• 5.1. Introduction
• 5.2. Bitumen
• 5.3. Elastomers
• 5.4. PVC
• 5.5. TPO
• 5.6. EPDM
• 5.7. Others

6. WATERPROOFING CHEMICALS MARKET BY END-USER INDUSTRY

• 6.1. Introduction
• 6.2. Construction
• 6.3. Textile
• 6.4. Water & Wastewater Management
• 6.5. Others

7. WATERPROOFING CHEMICALS MARKET BY GEOGRAPHY

• 7.1. Introduction
• 7.2. North America
  • 7.2.1. United States
  • 7.2.2. Canada
  • 7.2.3. Mexico
• 7.3. South America
  • 7.3.1. Brazil
  • 7.3.2. Argentina
  • 7.3.3. Others
• 7.4. Europe
  • 7.4.1. United Kingdom
  • 7.4.2. France
  • 7.4.3. Germany
  • 7.4.4. Italy
  • 7.4.5. Spain
  • 7.4.6. Others
• 7.5. Middle East and Africa
  • 7.5.1. Saudi Arabia
  • 7.5.2. UAE
  • 7.5.3. Israel
  • 7.5.4. Others
• 7.6. Asia Pacific
  • 7.6.1. Japan
  • 7.6.2. China
  • 7.6.3. India
  • 7.6.4. Thailand
  • 7.6.5. Taiwan
  • 7.6.6. Indonesia
  • 7.6.7. Australia
  • 7.6.8. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 8.1. Major Players and Strategy Analysis
• 8.2. Market Share Analysis
• 8.3. Mergers, Acquisitions, Agreements, and Collaborations
• 8.4. Competitive Dashboard

9. COMPANY PROFILES

• 9.1. BASF
• 9.2. The Dow Chemical Company
• 9.3. Mapei
• 9.4. Carlisle Companies Incorporated
• 9.5. Soprema Group
• 9.6. Pidilite Industries
• 9.7. Fosroc Inc
• 9.8. Johns Manville
• 9.9. Drizoro
• 9.10. Conpro Chemicals Private Ltd