Waterproofing Chemicals Market to Reach 129.41 Billion by 2034

Vantage Market Research releases its latest comprehensive report on the ‘Waterproofing Chemicals Market’ with a forecast period of 2025-2034. In 2023, the global waterproofing chemicals market size was USD 37.94 billion, and is calculated at USD 42.42 billion in 2024. The market is projected to reach USD 129.41 billion  in 2034, and register a revenue CAGR of 11.8% over the forecast period (2025-2034).

Market Overview:

Global waterproofing chemicals market revenue growth is driven by rapid urbanization, increasing infrastructure development, implementation of stringent building and safety regulations in various developing economies, rising focus among public and private construction companies and real estate developers on reducing potential of water-related damage to buildings and infrastructure, and increasing demand for more sustainable waterproofing solutions across sectors and industries. 

Increasing construction activities, particularly in emerging economies, rising focus on long-term durability of structures and buildings, and need to address evolving and changing weather patterns and events are also factors driving demand for waterproofing chemicals globally. Waterproofing chemicals protect against water leakage and moisture seepage into cement and concrete walls, roofs, flooring, foundations, leakage from water tanks, leaks in tunnels, basements, swimming pools, bridges, and also protects wood metal, concrete, and other materials and elements from various damages caused by moisture. Waterproofing formulations also protect against corrosion and subsequent damage, reduce maintenance costs, and extend lifespan of buildings and infrastructure. 

In addition, waterproofing products and coatings improve energy efficiency, especially in modern buildings and structures. Use of more advanced waterproofing solutions such as coatings, membranes, sealants, and admixtures has been increasing. Some common waterproofing products are bitumen, elastomers, Poly Vinyl Chloride (PVC), Polyurethane (PU), Thermoplastic Polyolefin (TPO), Ethylene Propylene Diene Terpolymer (EPDM), and Polytetrafluoroethylene (PTFE). Polymer-based waterproofing chemicals, such as polyurethane and EPDM, are widely used for their flexibility and durability. Compared to traditional materials like tar/bitumen or asphalt, these chemicals offer superior adhesion, chemical resistance, and long-term performance.

Shift by waterproofing chemical product manufacturers towards use of eco-friendly and sustainable raw materials and production processes is to leverage rising demand for sustainable waterproofing solutions and also rising regulatory pressures by government and relevant authorities and increased environmental awareness among consumers. Development and introduction of bio-based chemicals, solvent-free coatings, and nanotechnology-based waterproofing for enhanced efficiency are also gaining traction. The green building trend is also supporting growth of the market. Some major innovations in building and construction practices include use of energy-efficient waterproofing systems, such as reflective coatings that lower building cooling costs, along with self-healing membranes that extend lifecycle value. With these new and emerging formulations and products gaining appeal, manufacturers are focusing on continuously enhancing product formulations to meet global standards.

Some Key Takeaways:

• North America waterproofing chemicals market revenue share is expected to remain moderate, supported by residential refurbishments and infrastructural upgrades, particularly in water management systems and road construction. 
• Asia Pacific waterproofing chemicals market accounted for a robust revenue share of over 45% in 2023 in the global market.
• China, India, and Japan are leading revenue contributors to the APAC market, with China, being the world’s largest construction market and registering substantially high demand for waterproofing chemicals in both residential and commercial projects.
• Europe waterproofing chemicals market revenue has been registering steady growth, especially for advanced products and systems.
• Latin America waterproofing chemicals market revenue growth is moderate, and supported by revenue share contribution from Brazil and Mexico.
• The bitumen segment among the product segments is expected to account for largest revenue share in the global waterproofing chemicals market over the forecast period. 
• The liquid applied membrane systems segment is expected to account for largest revenue share among the technology segments over the forecast period.
• The roofing & walls segment among the application segments is expected to lead in terms of revenue share during the forecast period.
• The construction segment among the end-use industry segments is expected to account for largest share. 
• The competitive landscape of the global waterproofing chemicals market is highly fragmented, with a large number of regional and global players competing for market share.
• Key players, such as BASF SE, Sika AG, and Dow Chemical Company, are investing substantially in Research and Development (R&D) to introduce advanced waterproofing solutions, particularly eco-friendly products.   

Company List:

• DOW
• BASF SE
• Sika AG
• Carlisle Companies Inc.
• Johns Manville
• Fosroc
• GCP Applied Technologies, Inc.
• Mapei S.p.A
• Firestone Building Products Company
• MBCC Group
• SOPREMA Group
• Minerals Technologies Inc.
• Bostik Inc.
• Pidilite Industries Limited
• Mitsubishi Chemical Holdings Corporation
• Saint Gobain Weber

Recent Developments:

• June 28, 2024: Saint-Gobain announced entering into definitive agreement to acquire FOSROC, which is a global player in construction chemicals with robust geographic footprint in India, Middle East, and Asia Pacific. FOSROC has 20 manufacturing plants, and offers a wide range of technical solutions for the construction industry, including admixtures and additives for concrete and cement, waterproofing solutions, adhesives and sealants, and concrete and flooring repair solutions. With this acquisition, Saint-Gobain gains a comprehensive range of solutions with a renowned brand and strong technical competencies.
• May 1, 2024: BASF and Oriental Yuhong, which is a leading Chinese company in the construction waterproofing industry, signed a Memorandum of Understanding (MoU) in Beijing, China. The agreement enables both companies to collaborate and integrate capabilities in terms of waterproofing solutions and to create more high-quality and sustainable construction solutions and develop more advanced and efficient solutions for the construction industry. BASF and Oriental Yuhong will also launch a series of brand-new collaborations to accelerate launch and promotion of new technologies and projects in various areas, including waterproof materials, architecture coatings and insulation materials.

Waterproofing Chemicals Market Segmentation:

By Product:

• Bitumen
• Elastomers
• Poly Vinyl Chloride (PVC)
• Polyurethane (PU)
• Thermoplastic Polyolefin (TPO)
• Ethylene Propylene Diene Terpolymer (EPDM)
• Polytetrafluoroethylene (PTFE)

By Technology:

• Integral Systems
• Preformed Membranes
• Coatings
• Liquid Applied Membrane Systems

By Application:

• Roofing & Walls
• Floors & Basements
• Waste & Water Management
• Tunnel Liners
• Bridges
• Highways

By End-Use Sector:

• Construction
• Commercial
• Residential
• Industrial 
• Infrastructure Development

Regional Segmentation: 

North America

• United States
• Canada
• Mexico

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia Pacific

Latin America

• Brazil
• Argentina
• Rest of Latin America 

Middle East & Africa

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA