The global Waterproofing Systems Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Waterproofing systems play a major role in construction projects by offering many benefits such as heat resistance, UV radiation, chemical resistance, waterproofing during the rainy season, stability, and strength. Waterproofing systems are gaining high traction in the construction of the various infrastructural facilities. The exponential growth of the construction industry, increasing investment in public infrastructure, coupled with the rising availability of cost-effective and efficient waterproofing systems are the primary factors that are attributing to the global market growth.
According to the Statista analysis, in the United States, the new construction activities during 2020 were estimated to value around USD 1.5 trillion, which is continuously growing and projected to reach USD 1.8 trillion by the year 2025. Therefore, the surging construction activities are propelling the demand for Waterproofing Systems, which, in turn, accelerates the market growth across the globe. In addition, the introduction of environment-friendly waterproofing systems and green buildings, as well as the rising need for water management in emerging economies are presenting various lucrative prospects for market growth over the forecasting years. However, the volatility in raw materials prices and some potential health and environmental issues are hindering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Waterproofing Systems Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to the increasing population, rapid industrialization, growing urbanization, and development of emerging economies. Whereas, Europe is expected to grow significantly during the forecast period, owing to factors such as flourishing growth of the construction industry, rising investment in infrastructural development, as well as increasing adoption of environment-friendly waterproofing systems.
Major market players included in this report are:
GCP Applied Technologies
Carlisle Construction Company
Recent Developments in the Market:
In May 2022, Sika announced the acquisition of United Gilsonite Laboratories (UGL)- a leading manufacturer of primer coating in the US. The objective of this acquisition is to enhance the company's presence with major retailers and other building material stores by expanding the offering.
In March 2022, Sika declared the acquisition of Canada-based Sable Marco Inc. in order to improve Sika's access to the retail distribution channel.
In November 2021, Fosroc broadcasted the introduction of a new grade of polyurea under the brand name Polyurea WH 100. This novel product launch offers long-lasting waterproofing and this additional grade further strengthens Fosroc's Polyurea portfolio, catering to all market segments.
Global Waterproofing Systems Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Roofing & Walls
Waste & Water Management
Rest of the World