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Roof Waterproofing Market Analysis | 2023-2028
Roof Waterproofing Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
The Global Roof Waterproofing Market has crossed the US$ 10 billion mark over the past few years and is estimated to grow at a healthy CAGR of 5.4% during the forecast period to reach US$ 18.7 billion in 2028.
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Roofs, being the largest exposed areas of buildings, are subjected to rain and snow. To safeguard buildings against these elements, roof waterproofing is a vital protective barrier. By utilizing appropriate materials for roof insulation, the building's longevity and performance can be preserved, shielding it from the detrimental effects of rain and snow. Roof water insulation involves the application of waterproof materials on building roofs, serving as a safeguarding process. These materials effectively prevent potential leaks and act as a protective barrier, ensuring that rain and snow do not compromise the building's integrity. Consequently, this durable system prevents leaks, inhibits the formation of mold and fungus, and maintains the building's optimal performance.
Roofs, whether they are made of concrete, metal decks, timber, or other materials, have consistently presented a challenge for the construction industry. As structures become more intricate and the utilization of roofs, terraces, or podiums becomes more complex, there is a higher likelihood of structural movements and growing concern regarding leakages in these structures. This has created a demand for a waterproofing system that is both reliable and easy to implement, providing a solution to these concerns in a straightforward manner.
Roof waterproofing is driven by a myriad of compelling factors, including the imperative to shield against water damage, extend the longevity of the roof, enhance energy efficiency, prevent the growth of mold and mildew, adhere to sustainable building practices, comply with building codes and regulations, preserve property value, and ensure a safe and comfortable indoor environment. By effectively waterproofing the roof, it safeguards the structure from water-related issues, reduces maintenance costs, improves insulation and energy performance, promotes a healthier living or working environment, aligns with eco-friendly construction principles, meets legal requirements, and enhances the overall value and marketability of the property.
Recent Market JVs and Acquisitions:
Over the years, the market has witnessed a notable number of merger and acquisition (M&A) transactions. Some of the most noticeable acquisitions over the past few years include the acquisition of MBCC by Sika AG in 2023, GCP Applied Technologies by Saint-Gobain in 2022, and Quimexur by Holcim in 2023.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Material-Type Analysis |
Bitumen, PU, Cementitious, EPDM, and Others |
Bitumen is expected to remain the most preferred material during the forecast period. |
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Product-Type Analysis |
Sheet Membrane, Liquid Membrane, Coatings, and Integral |
Sheet Membrane is likely to remain the most preferred product in the years to come. |
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Roof-Type Analysis |
Flat Roof, Pitched Roof, and Others |
Flat Roofs are expected to maintain their dominance during the forecasted period. |
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End-User -Type Analysis |
Commercial and Residential |
Residential end-user segment to dominate the market during the study period. |
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Construction -Type Analysis |
New Construction and Repair & Renovation |
Repair & Renovation to dominate the market during the study period. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and The Rest of the World |
Asia-Pacific is expected to remain the largest market over the next five years and is also likely to grow at the fastest rate. |
Among material types, bitumen asserts its dominance in the global roof waterproofing market across the major regions. Bitumen is a major waterproofing material widely used in the roofing industry. It consists of layers of asphalt or modified bitumen, providing excellent waterproofing properties. Bitumen membranes, reinforced with materials like polyester or fiberglass, ensure durability and protection against water infiltration. This versatile material is known for its resistance to UV radiation and its ability to withstand harsh weather conditions. Its versatility and cost-effectiveness have solidified its position as a preferred choice in the roofing industry for reliable and efficient waterproofing solutions.
The market is segmented into sheet membrane, liquid membrane, coatings, and integral. Sheet membranes are expected to maintain their dominance during the forecast period. It involves the application of pre-formed membranes made of materials like PVC, TPO, or EPDM onto the roof surface. Sheet membranes offer excellent waterproofing properties due to their durability, flexibility, and resistance to UV radiation. They provide a seamless and reliable barrier against water infiltration, protecting the underlying structure. With proper installation and maintenance, sheet membranes can effectively enhance the lifespan of roofs and ensure long-term waterproofing performance.
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The market is segmented into flat roofs, pitched roofs, and others. Flat roof dominates the roof waterproofing market, driven by their popularity in arid climates and regions with modern architectural styles. Flat roof waterproofing focuses on creating a continuous, watertight barrier to manage water pooling. Common waterproofing materials used in flat roofing include bitumen membranes, PVC, TPO, or liquid-applied coatings. Conversely, pitched, or sloped roofs are favored in high rainfall or snowy regions due to their superior water drainage capabilities.
The Asia-Pacific region is poised to maintain its leadership in the roof waterproofing market throughout the forecast period. Moreover, this region is anticipated to exhibit the highest growth rate in the coming years, highlighting its potential for substantial expansion in the waterproofing industry. Major factors, such as rapid urbanization, extreme weather conditions, a construction boom, and a focus on sustainable building practices, are driving regions’ demand. With the increasing number of cities and infrastructure developments, there is a growing need for reliable waterproofing solutions to protect buildings from water damage.
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The market landscape is characterized by a multitude of local, regional, and global players, resulting in a densely populated market environment. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The market exhibits a high degree of fragmentation, with numerous players competing both regionally and globally. Some of the key players catering to the roof waterproofing market are as follows.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Roof Waterproofing Market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth Analysis of the Roof Waterproofing Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and forecast |
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Which are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirement? |
10% free customization |
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
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The Roof Waterproofing Market is estimated to grow at a healthy CAGR of 5.4% over the next five years to reach a value of US$ 18.7 billion in 2028. Growing construction and infrastructure spending, the need for protection against water damage, the influence of climate and weather conditions, and regulatory compliance requirements are some key factors fueling market growth.
Oriental Yuhong, Sika AG, Keshun Waterproofing Technologies, MBCC Group, Saint-Gobain, Dow Inc., Carlisle Companies, Inc., and RPM International are some of the key players in the market.
Asia-Pacific is likely to remain dominant in the Roof Waterproofing Market during the forecast period, owing to the upward trajectory of urbanization and industrialization, growing consciousness towards energy efficiency in construction, and promising economic growth.
Bitumen is likely to maintain its dominance in the market in the next five years owing to its low cost coupled with desired performance, high versatility, and ease of application.
Sheet membranes are expected to maintain their dominance during the forecast period. It involves the application of pre-formed membranes made of materials like PVC, TPO, or EPDM onto the roof surface. Sheet membranes offer excellent waterproofing properties due to their durability, flexibility, and resistance to UV radiation.
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