The global waterproofing market is segmented on the basis of type, application and end-use. The market is segmented on the basis of type, it is segmented into Bitumen, PVC, TPO and EPDM.Bitumen leads the product segment in 2017 on the account of superior properties which include high viscosity, resistance to UV light and better binding nature. On the basis of application, it is segmented intoRoofingand Walls, Flooring, BasementandTunneling. Roofing and walls segment is anticipated to grow at the fastest rate on the account of the rapid industrial development and building construction. On the basis of end use, it is segmented into residential commercial and industrial infrastructure development.
The global Waterproofing Chemicals Market is expected to grow at CAGR around 9% during the year 2017-2027 and expected to reach USD 46 Bn by 2027. High industrial development and rapid building construction in the residential and non-residential sector will boost the market for waterproofing in the upcoming years.
By region, Asia-Pacific region is expected to dominate global waterproofing market on the account of rising infrastructure investment and easy availability of raw materials. The high investment will create key opportunities for key players to establish themselves in the market.Europe is the second largest region in the global arena. It accounted for nearly 18% of global waterproofing market. Roofing walls and basement segment of application is expected witness increase in demand for waterproofing chemicals.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief.
On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
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On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Increasing Demand for Building Renovationis expected to drive global waterproofing market
The leakage through wallis serious condition matter for all building construction companies. The leakage can reach tofoundation of the building and damage it internally, which requires heavy repair work. It ultimately starts spoiling the wall paint and plaster. With the ascent in costs of houses expanding the interest for repairing and rebuilding houses, an impressive increment in the interest for waterproofing synthetic substances particularly to rooftop applications will normalize in the coming years.
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Infrastructure and Building Construction on large scale will foster demand of waterproofing chemicals
The rise in infrastructure and construction development activities on the account of the rapid industrialization and urbanization are increasing the demand for residential and commercial buildings. The various developing countries are investing more on the development of infrastructure, by doing this they are creating opportunities for key players to invest in their market. This will create employment opportunities in their country which in turn will boost their economy.
The report titled “Waterproofing Chemicals Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global waterproofing market in terms of market segmentation by application type and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global waterproofing market which includes company profiling of key companies such as Sika AG, BASF SE ,Dow DuPont ,Wacker Chemie AG ,RPM International Inc. ,Pidilite Industries Ltd. ,Mapei S.p.A ,Carlisle Companies Inc. ,Fosroc, Drizoro S.A.U. , Conpro Chemicals Pvt. Ltd ,Soprema Inc. .
The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global waterproofing market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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