Waterproofing Chemical Market

Waterproofing Chemical Market Study by Bitumen, PVC, EPDM, TPO, and PTFE for Construction, Infrastructure, Automotive, and Textiles from 2024 to 2034

Analysis of Waterproofing Chemical Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Waterproofing Chemical Market Outlook (2024 to 2034)

The global waterproofing chemical market size is expected to reach a valuation of US$ 4.43 billion in 2024 and climb to a size of US$ 6.49 billion by the end of 2034. The market is forecasted to expand at 3.9% CAGR from 2024 to 2034.

Waterproofing chemicals are indispensable in construction because they secure structures from leakage and seepage caused by water. Waterproofing chemicals create barriers for structures to prevent moisture penetration and help them resist corrosion to enhance their durability.

Key Market Growth Drivers

  • Rising construction activities worldwide are contributing to waterproofing chemical market growth.
  • Growing consumer demand for waterproof textiles, mainly for defense and sports, is boosting the sales of waterproofing chemicals.
  • Increasing ground and surface water contamination due to seepage is generating the need for effective waterproofing.
  • Government initiatives such as guidelines related to pollution levels, energy efficiency, and adoption of green construction are driving market expansion.
  • Waterproofing is extensively deployed in end-use industries including textile, automotive, construction, infrastructure, leather, electronics, and others.
Report Attributes Details
Waterproofing Chemical Market Size (2024E) US$ 4.43 Billion
Forecasted Market Value (2034F) US$ 6.49 Billion
Global Market Growth Rate (2024 to 2034) 3.9% CAGR
North America Market Growth Rate (2024 to 2034) 4% CAGR
East Asia Market Value (2024E) US$ 1.62 Billion
Sales in Textile (2034F) US$ 2.05 Billion
Key Companies Profiled
  • Wacker Chemie AG
  • Carlisle Companies Inc.
  • Evonik Industries AG
  • H.B. Fuller
  • SOPREMA Group
  • MBCC Group
  • Johns Manville
  • Mapei S.p.A
  • BASF SE
  • Sika AG
  • DowDuPont Inc.
  • Firestone Building Products Company
  • Akzo Novel NV
  • Minerals Technologies Inc.
  • RPM International
  • Pidilite Industries Limited
  • GCP Applied Technologies, Inc.

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Why are Sales of Waterproofing Chemicals High in the Construction Sector?

“High Focus on Building Safety and Maintenance”

Growing awareness among property owners about building safety and maintenance is driving sales of waterproofing chemicals. These products safeguard buildings from water damage, including mold, structural decay, and poor indoor air quality. Using waterproofing chemicals like bitumen, PVC, EPDM, TPO, and PTFE enhances building durability. This ensures structures remain safe and habitable.

“Changing Global Weather Patterns Driving Investments in Risk Mitigation and Protection”

Changing global weather patterns and atmospheric conditions are posing challenges. With rising temperatures, the frequency and severity of extreme weather events like storms, heavy rainfall, and hurricanes are on the rise. These environmental shifts heighten the threat of water infiltration, moisture-related damage to buildings, and the risk of flooding.

Property owners and various industries are increasingly investing in waterproofing chemical products to mitigate these risks and protect structures. Advancements in waterproofing membranes, coatings, and sealants are now creating robust barriers against water infiltration and potential damage.

Which Factors are Hindering Market Growth?

“Regular Inspections and Maintenance Activities Incurring Costs for Companies”

Regular inspections and maintenance of structures and surfaces ensure waterproofing systems remain effective for the long term. Lack of maintenance can cause premature deterioration, which allows water penetration and structural damage. This leads to huge losses for companies.

Recommended maintenance includes cleaning, resealing damaged areas, and making repairs, upholding the waterproofing barrier's integrity. Scheduled inspections of construction or any structure identify issues early for timely repairs, preventing costly future damage. Prioritizing maintenance and durability prolongs waterproofing lifespans.

“Fluctuations in Availability and Prices of Raw Materials”

Fluctuations in the availability and price of raw materials are impeding the expansion of the waterproofing chemical market size. Most of the waterproofing chemicals are based on petroleum. Fluctuations in petroleum prices affect the cost of production of waterproofing products.

Workers who apply waterproofing chemicals such as bitumen are exposed to volatile vapors. Extended exposure to these pollutants sometimes causes nasal discomfort and bronchitis. As a result, this aspect impacts the profit margins of waterproofing chemical companies.

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Country-wise Insights

Demand for waterproofing chemicals is rising in Asia Pacific nations, including China, South Korea, and Japan, as a result of growing urbanization and industrialization. In North America, demand for waterproofing chemicals is driven by increasing residential and commercial construction activities as well as infrastructure projects such as roads, bridges, and tunnels.

Why are Waterproofing Chemical Producers Drawn to China?

“Demand for Infrastructure Protection Driven by Vulnerability to Extreme Weather Conditions”

Attribute China
Market Value (2024E) US$ 919 Million
Growth Rate (2024 to 2034) 4.5% CAGR
Projected Value (2034F) US$ 1.43 Billion

China holds 56.9% of the waterproofing chemical market share in East Asia in 2024, mainly due to rising urbanization and industrialization spurring extensive construction activities. This is one of the key waterproofing chemical market trends creating high demand for effective solutions that protect buildings, roads, bridges, and other infrastructure projects from water damage and prolong their lifespan.

Some areas of China are vulnerable to extreme weather conditions, such as typhoons, floods, and heavy rain. Waterproofing chemicals are essential for preventing water damage to buildings and other structures in extreme weather.

How are Suppliers Benefitting from Opportunities in the United States?

“Presence of Several Aging Infrastructure Elements Driving Demand for Waterproofing Solutions”

Attribute United States
Market Value (2024E) US$ 907.4 Million
Growth Rate (2024 to 2034) 4.3% CAGR
Projected Value (2034F) US$ 1.39 Billion

The United States boasts several aging infrastructure elements, including bridges, roads, and buildings. This necessitates regular maintenance to fight water damage to enhance their durability. Such structures require consistent and timely maintenance. Furthermore, advancements in waterproofing technology, such as advanced coatings and membranes, are expanding the range of waterproofing options available in the United States.

Category-wise Insights

Waterproofing chemicals are extensively employed in the textile, construction, and automotive sectors. In construction, these chemicals are used for roofing, flooring, basements, tunnels, and bridges. Also, in the automotive sector, the application of waterproofing chemicals is rising because they prevent water damage, corrosion, and mold, and shield vehicle parts and interiors.

How Do Waterproofing Chemicals Help Textile Manufacturers?

“Vital Role of Waterproofing Chemicals in Protecting Fabrics from Rain, Snow, and Moisture”

Attribute Textile
Segment Value (2024E) US$ 1.37 Billion
Growth Rate (2024 to 2034) 3.6% CAGR
Projected Value (2034F) US$ 2.05 Billion

Waterproofing chemicals are important in the textile industry as they impart water-repellent or fully waterproof properties to fabrics and garments through coating, laminating, and finishing. Applying these chemicals enhances the moisture resistance of fabrics. They are primarily applied in sportswear, workwear, tents, outdoor apparel, and protective gear where protection from rain, snow, or moisture is vital.

Why is Use of Waterproofing Chemicals High in the Automotive Sector?

“Rising Need for Preventing Corrosion of Sensitive Automotive Parts Due to Water Intrusion”

Attribute Automotive
Segment Value (2024E) US$ 809.8 Million
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 1.23 Billion

In the automotive sector, waterproofing technology is widely used to protect sensitive parts and interiors of vehicles from water damage caused by rain, snow, and humidity. Waterproofing chemicals are applied on door panels, upholstery, carpets, and electrical components to prevent corrosion due to water intrusion. This entails vehicle longevity and performance.

Waterproofing chemicals also protect the interior of vehicles by preventing liquid product stains. Shift toward electric vehicles is boosting demand for waterproofing techniques as EV components and batteries are sensitive to water.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

Key players in the waterproofing chemical market are competing based on product innovation, quality, pricing, distribution, and brand reputation. To develop waterproofing solutions that meet evolving customer needs and regulations, they often invest in research and development. Top waterproofing manufacturers include Wacker Chemie AG, Carlisle Companies Inc., Evonik Industries AG, H.B. Fuller, SOPREMA Group, MBCC Group, Johns Manville, Mapei S.p.A, BASF SE, Sika AG, DowDuPont Inc., Firestone Building Products Company, and Akzo Novel NV.

  • In February 2024, Mapei Group, a prominent Italian multinational manufacturer of chemical goods for the building sector, announced the successful purchase of Bitumat, a top maker of waterproofing solutions in the Kingdom of Saudi Arabia (KSA).
  • In March 2023, Nippon Paint (India) entered the construction chemicals business. Following its worldwide goal, the company is broadening its portfolio of exterior paints and coatings. The brand is ready to offer goods and solutions in four key categories: dry mix, repair and maintenance, construction chemicals, and waterproofing.

Segmentation of Waterproofing Chemical Market Research

  • By Product Type :

    • Bitumen
    • PVC
    • EPDM
    • TPO
    • PTFE
  • By Technology :

    • Membranes
    • Liquid
    • Cementitious
  • By End-use Industry :

    • Construction
    • Infrastructure
    • Automotive
    • Textiles
  • By Region :

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How big is the waterproofing chemical market in 2024?

The global waterproofing chemical market is valued at US$ 4.43 billion in 2024.

What portion of the East Asian market does China occupy?

China holds 56.9% share of the market in East Asia in 2024.

What is the demand projection for waterproofing chemicals for 2034?

Worldwide revenue from sales of waterproofing chemicals is projected to reach US$ 6.49 billion by 2034.

How fast is the market projected to expand in South Korea?

The market in South Korea is forecasted to expand at 6.2% CAGR through 2034.

Who are the leading players in the market?

Key producers of waterproofing chemicals are Wacker Chemie AG, Carlisle Companies Inc., and H.B. Fuller.

What are the estimated sales of waterproofing chemicals for textile use?

Sales of waterproofing chemicals in the textile industry are estimated to reach US$ 1.37 billion in 2024.

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