According to a new report by Expert Market Research titled, “Global Waterproofing Market Share, Size, Report and Forecast 2024-2032″, the global waterproofing market size is projected to grow at a CAGR of 5.1% between 2024 and 2032. Aided by the escalating concerns regarding water damage, the rising incidences of floods and leaks, and the broadening applications of waterproofing across different sectors, the market is expected to grow significantly by 2032.
Waterproofing, a practice that safeguards structures from water infiltration, has become an integral component in construction and home maintenance. The applications of waterproofing transcend mere protection, extending to enhancing the longevity of structures, maintaining property value, and ensuring the safety and health of occupants by preventing mould growth and structural damage. Its significance is paramount in areas prone to heavy rainfall, flooding, or high humidity.
The relentless urban expansion, coupled with a corresponding surge in infrastructural projects, has been bolstering the waterproofing market demand. Modern infrastructural demands go beyond mere construction – there’s an increasing emphasis on durability and sustainability. As a result, the new architectural designs are incorporating waterproofing not as an afterthought but as an intrinsic part of the blueprint.
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The residential sector, driven by the desire for long-term home protection and the preservation of property value, is particularly observant of the advantages offered by quality waterproofing. This awareness stems from the understanding that water damage can be a silent yet formidable adversary, causing structural decay, electrical hazards, and health risks.
The waterproofing market analysis suggests that the product is not just confined to traditional applications. Newer sectors, like electronics, have recognised the need to waterproof devices, given the mobile nature of gadgets and the high likelihood of them encountering water. This shift has amplified the demand for innovative, flexible, and efficient waterproofing solutions.
However, the rising concern for sustainable construction and eco-friendly solutions is redefining the waterproofing landscape. The industry is steadily pivoting towards materials and methods that have minimal environmental impact, both in production and application. Liquid membranes and polyurethane coatings, known for their efficacy and minimal environmental footprint, are witnessing increased demand.
Geographical diversities also play a pivotal role in boosting the waterproofing market growth. Regions with tropical climates or those prone to flooding, like parts of Southeast Asia, inherently have a higher demand for waterproofing solutions. Conversely, arid regions or those with stringent construction regulations emphasise the quality and durability of waterproofing rather than the frequency of application.
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Market Segmentation
The market can be divided based on type, application, end use, and region.
Market Breakup by Type
• Liquid Membrane
o Bituminous Coating
o Polyurethane Membrane
o Epoxy
o Acrylic
• Cementitious Membrane
• Bituminous Membrane
• Thermoplastic Membrane
• Others
Market Breakup by Application
• Roofs and Balconies
• Parking Deck
• Tunnel Liners
• Bridges and Highways
• Others
Market Breakup by End Use
• Retailers
• Contractors
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global waterproofing market. Some of the major players explored in the report by Expert Market Research are as follows:
• DuPont de Nemours, Inc.
• Wacker Chemie AG
• Sika AG
• GAF Materials LLC
• Arkema SA
• Pidilite Industries Limited
• Others
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