Waterproofing Systems Market Size, Share, Opportunities, And Trends By Type (Waterproofing Membranes, Waterproofing Chemicals, Integral Systems), By Application (Building Structures, Roofing & Walls, Roadways, Waste & Water Management, Others), And By Geography - Forecasts From 2023 To 2028

The waterproofing systems market is projected to grow at a high during the forecast period

Thin layers of waterproof rubber, plastic, and coated fabric materials are utilised as waterproofing solutions for basements, walls, buildings, and roofs. These waterproof thing layers' main purposes are to keep out water, give tear resistance, and offer flexibility and strength. The waterproofing system market is being stimulated by elements like increasing government spending on infrastructure construction and bettering water management practices, particularly in developing nations. Diverse sectors are switching from artificial to bio-based waterproofing products because they are more affordable, require less upkeep, and are the best possible solution for conventional technology as wastewater management becomes more and more of a concern.

Rising investment in public infrastructure

The waterproofing systems market is anticipated to experience revenue growth over the forecast period as a result of increasing investments in the construction of commercial buildings, the renovation of ageing infrastructure, growing urbanization and industrialization, and strict environmental regulations regarding the discharge of industrial and municipal wastewater. Additionally, as the use of waterproofing membranes in the industry grows, different below-grade waterproofing membranes are used to fend off corrosion caused by moisture in tanks, bunds, and other water-holding structures, as well as to withstand positive pressure. The aforementioned elements should accelerate market revenue growth.

Development of environmentally friendly waterproofing techniques and green structures

A green roof is one that is either completely or partially coated with plants. They aid in lowering energy expenditures, reducing the impact of the urban heat island, removing noxious airborne particles, and reducing stormwater runoff. On the other side, green buildings are energy-efficient structures. A crucial component of these building types is waterproofing. Energy efficiency and adequate protection from weather and water runoff are provided. Due to legislation governing building emissions and the beneficial effects of these facilities, green buildings are expanding rapidly in nations like Germany and the US.

Increasing Demand for Polyurethane Liquid Membranes to Open Up Opportunities

Liquid polyurethane membranes are widely used in the roofing and waterproofing industries. The small and medium-sized roof restoration market, which is extremely lucrative and resilient to crises, is where the membranes are largely offered. Only local or regional providers supply the fragmented worldwide market for liquid membranes. These membranes are seeing disproportionately high market growth as a result of their improved characteristics, including durability, adaptability, a strong strength-to-weight ratio, and better insulating capacities. Due to their use in geometrically difficult connections and low energy usage, polyurethane waterproofing system surpass conventional waterproofing membranes which increase the waterproofing systems market share.

Rising demand for roofing and walls application

Due to their great tensile strength and weather resistance, waterproofing systems are employed in walls and roofing. Additionally, they offer fire resistance and help to increase flow resistance in hot environments. The Ministry of Housing, Communities and Local Government (UK) reports that the number of new housing units built in the UK grew from 41,600 units in Q4 2021 to 42,350 units in Q1 2022. In addition, recent research from the House of Commons that was released in 2022 predicted that by 2043, there will be 26.9 million households in England, representing a rise of roughly 150,000 households every year.

Rising use in the construction industry

The value added by the construction sector in the first three months of 2022 in the US was around USD 2,980 billion, or about 5% more in the same period, as per the Bureau of Economic Analysis. The Manchester City Council approved the nine-year, four-skyscraper development project in February 2022. The project will probably involve building roughly 1,950 apartments. The above elements and growing construction industry investments show that there is an increasing requirement to waterproof walls and roofs in residential and commercial construction establishments, which will increase demand for the waterproofing system market throughout the projection period.

Asia Pacific is projected to dominate the waterproofing systems market

During the projected period, the Asia Pacific region is anticipated to lead the waterproofing systems market. The building sector in China is growing quickly. The fourth quarter of 2022 saw a 50% growth in China's building output, according to the National Bureau of Statistics of China, valued at over CNY 276 billion.  The construction of 162,000 km of highways by 2035 is one of the long-term infrastructure development objectives set forth by the Chinese government. The Indian government reiterated its commitment to constructing affordable homes for the urban poor when it included INR 48,000 crores (about USD 5.8 billion) for the PM Aawas Yojana scheme in its Union Budget 2022–23.

Market key launches

• In May 2022, United Gilsonite Laboratories (UGL), a top producer of coating and waterproofing products (including membranes) for the building sector, is based in the US and was bought by Sika AG. The main retail stores in the United States carry UGL items. This acquisition is anticipated to enhance Sika's high-value waterproofing systems for masonry and concrete.
• In April 2022, A global leader in American construction products, GCP Applied Technologies Inc., collaborated with Pidilite Industries Ltd. Pidilite will be able to market high-performance waterproofing products under the Dr Fixit brand due to this partnership.
• In August 2021, Shenzhen Landun Holding Co., Ltd., a prominent Chinese manufacturer of waterproofing materials, was purchased by Sika. The complete line of waterproofing products and technologies offered by Shenzhen Landun Holding Co., Ltd. is a suitable addition to Sika's current portfolio. It is predicted that the combined product will open up new potential in China's fast growing waterproofing sector.
• In January 2020, to expand its flexible waterproofing solution with the Master Builders Solutions brand, BASF introduced the ground-breaking polyurethane waterproofing membrane MasterSeal 730 UVS throughout Asia. Having a special pressure-sensitive glue and protective coating, MasterSeal 730 UVS is a pre-applied high-density polyethene (HDPE) sheets waterproofing membrane that enables excellent adhesion to concrete surfaces without the use of additional protective screed.

Segmentation:

• By Type
  • Waterproofing Membranes
  • Waterproofing Chemicals
  • Integral Systems
• By Application
  • Building Structures
  • Roofing & Walls
  • Roadways
  • Waste & Water Management
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others