Waterproofing Coatings Market Growth Analysis | 2023-2028

Market Insights

The waterproofing coatings market is estimated to grow at a CAGR of 4.3% during the forecast period to reach a value of US$ 14.8 billion in 2028.

Wish to get a free sample? Register Here

Market Dynamics

Introduction

Waterproofing coatings refer to a variety of materials used to create a protective barrier against water penetration on surfaces. It encompasses a remarkable range of materials specifically designed to protect building surfaces from water infiltration. These coatings, made from substances like acrylics, polyurethanes, silicones, bitumen, or elastomeric compounds, are applied as a liquid and transform into a strong, impenetrable layer. They effectively shield roofs, walls, foundations, basements, and concrete structures from the damaging effects of water. Waterproofing coatings offer durability, resistance to sunlight, flexibility to accommodate movements, and easy application. They preserve the longevity of building structures by preventing water-related issues and ensuring their overall integrity.

Maintaining a moisture-free environment within buildings is an integral aspect of the construction process. The repercussions of water seeping through crevices and infiltrating cherished dwellings are far-reaching, causing both structural devastation and cosmetic deterioration. However, there exists a savior in the form of waterproofing coatings, which envelop the building’s masonry with a translucent shield, effectively thwarting any attempts by water to breach its fortifications. These remarkable coatings possess hydrophobic properties, repelling water droplets with unwavering determination and bestowing upon them the pinnacle of protection.

Waterproofing coatings play a vital role in strengthening the structural integrity of homes and buildings by preventing cracks and damage caused by moisture retention and water seepage. These coatings protect against germs and bacteria, reducing the health risks associated with humid surfaces. Additionally, applying waterproofing coatings to painted walls ensures their longevity by preventing water damage and making them easier to clean and maintain. By preserving the integrity of critical components like foundations, walls, and rooftops, waterproofing coatings contribute to a safer and healthier living environment.

Market Drivers

The major factors driving the growth of the waterproofing coatings market are:

• Rapid Urbanization and Infrastructure Development.
• Growing inclination towards durable structures.
• Increased understanding of structural issues caused by water seepage, among the common populace.

Want to have a closer look at this market report? Click Here

Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The market is highly fragmented with the presence of a large number of organized as well as unorganized manufacturers. Some of the key players catering to the waterproofing coatings market are as follows:

• Oriental Yuhong
• Sika AG
• Dow Inc.
• MBCC Group
• Saint-Gobain
• Carlisle Companies, Inc.
• RPM International Inc.

Recent Market JVs and Acquisitions:

The market has experienced a notable influx of merger and acquisition (M&A) activities in recent years. Waterproofing Coatings stands out as a fragmented market, exhibiting a diverse range of players and competitive dynamics. Some of the key acquisitions in the past include Saint-Gobain’s acquisition of GCP Applied Technologies in 2022 and Sika’s acquisition of MBCC Group in 2023.

Segments Analysis

By Material Type

Amongst material types, the waterproofing coatings market is segmented as Bitumen, PU, Cementitious, Acrylic, Silicone, and Others. Acrylic holds supremacy in the waterproofing coatings market driven by their excellent adhesion, flexibility, and durability, making them suitable for a wide range of applications such as roofs, balconies, concrete structures, and walls. Acrylic waterproofing coatings are known for their resistance to UV radiation and weathering and their ability to accommodate structural movements. They are popular due to their ease of application and their ability to provide reliable waterproofing solutions for various construction and maintenance projects.

By Construction Type

The market is segmented as new construction, and repair & renovation. Repair & Renovation is estimated to maintain dominance during the forecast period driven by the growing need for structural repairs. North America and Europe are the biggest markets for waterproofing coatings for repair & remodeling.

Want to get more details about the segmentations? Register Here

By Application Type

The market is segmented into roof & walls, building structures, industrial, water & wastewater management, tunnels, and others. The dominance of the roof and walls segment in the market can be attributed to the widespread utilization of these coatings in both flat and pitched roof applications. The popularity of coatings in this segment is driven by several factors, including their ease of application, compatibility with various roofing substrates, and favorable cost-to-performance ratio.

Regional Insights

The Asia-Pacific region is anticipated to retain its position as the largest market for waterproofing throughout the forecast period. Furthermore, the region is expected to experience the highest growth rate in the upcoming years, driven by factors such as rapid urbanization, infrastructure development, and increasing construction activities. With a growing focus on quality construction and the need for effective waterproofing solutions, the region presents significant opportunities for market growth.

Know the high-growth countries in this report. Click Here

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s waterproofing coatings 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.

Report Features

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The waterproofing coatings market is segmented into the following categories:

By Material Type

• Bitumen
• PU
• Cementitious
• Acrylic
• Silicone
• Others

By Application Type

• Roofing & Walls
• Building Structures
• Industrial
• Water & Wastewater Management
• Tunnels
• Others

By End-User Type

• Residential
• Commercial
• Public Infrastructure

By Construction Type

• New Construction
• Repair & Renovation

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Click Here, to learn the market segmentation details.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to five players)
• SWOT analysis of key players (up to five players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.