Market Insights
The Global 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.
What are Waterproofing coatings?
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.
Market Dynamics
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.
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
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Material-Type Analysis
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Bitumen, PU, Cementitious, Acrylic, Silicone, and Others
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Acrylic is expected to remain the most preferred material during the forecast period.
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Application-Type Analysis
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Roofing & Walls, Building Structures, Industrial, Water & Wastewater Management, Tunnels, and Others
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Roofing & Walls are expected to maintain their dominance during the forecasted period.
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End-User -Type Analysis
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Commercial, Residential, and Public Infrastructure
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Commercial end-user segment to dominate the market during the study period.
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Construction -Type Analysis
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New Construction and Repair & Renovation
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Repair & Renovation to dominate the market during the study period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years and is also likely to grow at the fastest rate.
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Material Trends
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.
Construction Trends
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.
End-Use Industry Trends
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 Analysis
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.
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.
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 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
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Waterproofing Coatings Market
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How lucrative is the future?
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The market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market segment analysis and forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirement?
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10% free customization
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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
