Market Insights
The Waterproofing Flashing and Accessories Market was valued at US$ 2.1 Billion in 2022. The market is expected to grow at a healthy CAGR of 4.5% over the next five years.
Flashing is a thin impervious membrane that restricts the penetration of water into the building. Flashing is particularly important at junctions such as roof hips and valleys, joints between roofs and vertical walls, roof intersections, or projections such as chimneys, dormers, vent pipes, and window openings. Flashing is mostly of two types: exposed flashing and embedded flashing. Exposed flashing is mostly done outside, mainly using the metal sheets, whereas embedded flashing can be done from either metal sheets or non-metallic materials. The most common flashing materials include metals, plastics, asphalt, and rubber. Whereas flashing accessories consist of weep vents, drip edges, end dams, and termination bars. These accessories are used while flashing at the joints or junctions of the walls.
Flashing is engineered and installed with care so that water is deflected away from the building. Improper installation can result in water being directed into a building. There are numerous types of flashing, such as valley flashing, step flashing, counter flashing, continuous flashing, and base flashing. The major type of flashing is continuous flashing, which is a one-solid piece of material and is sometimes seen where a sloping roof and a vertical sidewall meet to form a horizontal line. There are multiple accessories consumed with flashing such as dampers, primers, sealants, and adhesives. For instance, expansion joints should be provided for long runs of metal flashing to allow movement without causing deformation.
The rising concerns for building codes and energy efficiency in residential as well as commercial buildings are driving the waterproofing flashing and accessories market. The market is also driven by the increasing infrastructure, commercial, and residential building construction across the globe.
Recent Product Developments: New product developments and innovation focusing on key areas, such as sustainability, durability, and material compatibility, will lead to advancement in the waterproofing business with the introduction and adoption of new materials.
Recent Market JVs and Acquisitions: A number of key M&A activities took place in the past few years in the waterproofing flashing and accessories market.
- RPM International, Inc. (Tremco) acquired Schul International Co. LLC in 2019.
- Sika AG acquired Modern Waterproofing Group in 2020.
- Carlisle Construction Materials LLC acquired Henry Company LLC in 2021.
Segment 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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Product-Type Analysis
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Flashing and Accessories
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Flashing is anticipated to remain the bigger product category in the years to come.
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Application-Type Analysis
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Roofs, Walls & Windows, Basements, and Others
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Roofs and walls & windows together captured more than half of the market in 2022.
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End-User-Type Analysis
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Commercial, Residential, and Industrial
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Waterproofing flashing and accessories are likely to be used the most for residential applications.
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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, as well as is likely to grow at the fastest rate.
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By Product Type
The market is segmented into flashing and accessories. Flashing is further segmented into liquid-applied flashing and membrane flashing, whereas accessories into primers, adhesives & sealants, and others. Liquid-applied flashing is expected to grow at a higher rate in the market during the forecast period owing to the fact that it is easily applied in any building structure and has less wastage as compared to membrane flashing. Liquid-applied flashing simplifies flashing rough openings and other challenging areas and is also ideal for filling in imperfections and penetrations. Unlike membranes, liquid-applied flashing offers the unique feature of elasticity, which proves to be a crucial advantage.
By Application Type
The flashing and accessories market is segmented into roofs, walls & windows, basements, and others. Roofs is expected to remain the largest as well as the fastest-growing application in the market during the forecast period. Flashing is preferably used for residential and commercial roofs. Roofs is prone to damage from extreme weather conditions such as storms and rain. This makes roofs one of the most crucial application areas for flashing and accessories.
Regional Analysis
Asia-Pacific is a well-established market for waterproofing flashing and accessories. The region is also expected to recover at the highest rate in post-pandemic market developments, propelled by increasing investment in the infrastructure and construction sectors. China is not only the largest market for flashing and accessories in Asia-Pacific but also in the world. The country is also the largest market for waterproofing in the world. The region’s market is driven by China. The total construction value completed in China in 2022 was US$ 1,132 Billion (National Bureau of Statistics). Moreover, the Asian construction industry is estimated to expand at 5% annual growth.
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.
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 Flashing and Accessories Market
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How lucrative is the future?
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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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The waterproofing flashing and accessories market is segmented into the following categories:
By Product Type
- Flashing
- Regional Analysis: North America, Europe, Asia-Pacific, and RoW
- Sub-Type Analysis: Liquid Applied Flashing and Membrane Flashing
- Accessories
- Regional Analysis: North America, Europe, Asia-Pacific, and RoW
- Sub-Type Analysis: Primers, Adhesives & Sealants, and Others
By Application Type
- Roof
- Walls & Windows
- Basement
- Others
By End-User Type
- Residential
- Commercial
- Industrial
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Italy, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s waterproofing flashing and accessories market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order 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 the 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.
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