The new report by Expert Market Research titled, ‘Brazil Waterproofing Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the Brazil waterproofing market, assessing the market based on its segments like types and applications. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): Nearly USD 819 million
- Forecast CAGR (2023-2028): 5%
The Brazil waterproofing industry is being driven by rapid urbanisation and infrastructure development in the country, including the construction of hospitals, schools, warehouses, grocery stores, and residential houses, among others. These structures require high-quality waterproofing to protect the content and keep the structure intact, which is fuelling the market growth. Over the forecast period, the rapid development of the healthcare infrastructure, in the wake of the COVID-19 outbreak, is likely to provide impetus to the waterproofing industry. Furthermore, the increasing population and growing economy of the country are anticipated to bolster the demand for residential apartments or buildings, where waterproofing is a crucial component for the safety and security of occupants. This, in turn, is estimated to provide impetus to the industry growth in the forecast period.
Industry Definition and Major Segments
Waterproofing is defined as the process of protecting a structure from damage that is mainly caused by water. Waterproofing, along with the use of membrane and coatings, protects the content and structural integrity of a building or a structure.
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The various types of waterproofing in the market include:
- Liquid Membrane
- Bituminous Coating
- Polyurethane Membrane
- Epoxy
- Acrylic
- Cementitious Membrane
- Bituminous Membrane
- Thermoplastic Membrane (PVC, Others)
Based on application, the industry is segmented into:
- Roofs and Balconies
- Parking Deck
- Tunnel Liners
- Bridges and Highways
- Others
Market Trends
The growing research and development (R&D) activities by major companies to enhance the durability, strength and resistance of liquid membrane for effective waterproofing is likely to aid the market growth. The increasing development of new production facilities of structural waterproofing membranes and the rising investments by the leading companies are anticipated to augment the market growth. With the robust growth of the construction industry in the country, the market for waterproofing is expected to grow. The increasing requirement to ensure the durability and strength of the structure to eradicate the risk of collapsing, specially due to water force, is expected to enhance the product demand and drive the market in the forecast period.
Key Market Players
The major players in the market are Saint-Gobain, Grupa Selena, Sika AG, GCP Applied Technologies Inc., and ARDEX Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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