Waterproofing Systems Market:
Growth opportunities in the waterproofing systems market look promising over the next six years. This is mainly due to the rising implementation of waterproofing systems in the construction sector and the growing awareness about their benefits.
Waterproofing Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The augmenting demand for economic and effective waterproofing systems is one of the prominent reasons driving the growth of the waterproofing systems market. Moreover, the growing execution of these systems in the construction sector is strengthening the waterproofing systems market size. For instance, The UAE government initiated several plans and instructional strategies, which include the Dubai Tourism Strategy, the Energy Strategy 2050, and the Sheikh Zayed Housing Programme to promote the growth of the construction sector, thereby indirectly stimulating the market growth. Also, these systems are easy to install and require less labour input than the built-up roofing, which reduces the repair and maintenance expenditure in the short and long term.
The expanding consciousness concerned with the advantages offered by these systems further contributes to the market growth. Additionally, the swift urbanization accompanied by the accelerating demand for residential and commercial spaces will promote the market share. However, the rising apprehension among consumers related to the harmful effects of implementing these systems and membranes will obstruct the market growth. These systems cause risks to the environment and human health.
Application Segment Drivers
Based on the application, the building structure is predicted to grow at a faster CAGR over the forecast period. This structure involves areas except for storage rooms, balconies, basements, and foundations. The capability of these structures to provide productive and long-term prevention from exposures and better protection of building structure are the key drivers fuelling the waterproofing systems industry growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is projected to lead the market over the forecast period. This is primarily attributed to the ongoing expansion and increasing expenditure by consumers. China accounts to be the leading market for these systems concerning volume and value. Also, the launch of energy-saving policies will further boost the market growth. The growing residential and commercial building construction in India, majorly in the metro rail projects, is fuelling the market growth.
Waterproofing Systems Market’s leading Manufacturers:
- PIDILITE INDUSTRIES
- HENKEL POLYBIT INDUSTRIES LTD.
- SOPREMA
- FOSROC
- SIKA AG
- Tremco
- MAPEI S.p.A.
- Carlisle
- GCP
- BASF SE
Waterproofing Systems Market Segmentation:
Segmentation by Type
- Waterproofing Chemicals
- Waterproofing Membranes
- Integral Services
Segmentation by Application
- Roofing & Walls
- Building Structure
- Waste & Water management
- Roadways
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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