The global waterproofing systems market size is estimated at USD 52.7 billion in 2020 and is projected to reach USD 72.0 billion by 2025, at a CAGR of 6.4%. The potential health and environmental issues are a major restraining factor for the waterproofing systems market. Waterproofing membranes are materials that are used to prevent water ingress in any building structure. These are available in sheet form of liquid applied. These systems are easy to handle, easy to apply, highly efficient, flexible, and also provide improved strength, tear resistance, weathering resistance, UV stability, and elasticity to the applied surface. They are used for applications, such as roofing & walls, building structures, waste & water management activities, tunnel liners, bridges & highways, and others. BASF (Germany) and Sika AG (Switzerland) have a strong emphasis on R&D and have developed various types of waterproofing systems.
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Based on types, waterproofing systems have been segmented into waterproofing membranes, waterproofing chemicals, and integral systems. The growing demand for cost-effective and efficient waterproofing systems id driving the demand for these waterproofing systems.
Based on applications, waterproofing systems have been segmented into building structures, roofing & walls, roadways, waste & water management, and others. The growing construction industry in the emerging countries of APAC and South America are driving the demand for waterproofing systems in these applications.
APAC consists of major developing nations, such as China and India, and therefore, the scope for development for most of the industries is high. The region accounted for the largest market share and is the fastest-growing market for waterproofing systems. The growth of the market in the region is attributed to the presence of emerging countries, and their high economic growth rate, the rise in infrastructure projects, increasing urbanization, and growing standard of living. These developing countries are the driving engines for the waterproofing systems market in the region.
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The growing demand for waterproofing membranes and integral systems in the construction industry is increasing the demand for waterproofing systems in these industries. The ever increasing construction industry in the emerging countries of APAC is driving the need for waterproofing systems in the APAC market. Various manufacturers are shifting their production base to the region because of advantages such as low cost of production and the ability to serve the local emerging market.
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