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High Performance Waterproofing Market | Covid-19 Impact Analysis
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
This paragon report, from Stratview Research, studies the high-performance waterproofing market over the trend period of 2014 to 2019 and the forecast period of 2020 to 2025. After a continuous interest in our below-grade waterproofing market report from the industry stakeholders, we have tried to further accentuate our research scope on the high-performance waterproofing market, another extremely potential material type in the waterproofing products’ family.
Our report is one of its kind and estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for the High-Performance Waterproofing Market. The report also assesses the opportunity loss that the market participates have to swallow because of the pandemic in the next five years, a crucial analysis that all the companies are eagerly want to understand in order to build their short-term as well as long-term strategies.
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 the 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 in order to expedite their growth process.
The High-Performance Waterproofing Market: Highlights
Waterproofing is a combination of materials that treat or protect unwanted water intrusion into the structural elements of a building. Its main purpose is to resist the penetration of liquids under hydrostatic pressure or other external forces like capillarity. High-performance waterproofing is a versatile material, capable of retaining the dryness of concrete, masonry, metal, and wood structures. It is also resistant to salts, alkalis, and various types of acids. Furthermore, it is durable, lightweight, non-deteriorating, puncture-resistant, and is available in length stretching up to 50 meters. A waterproofing system typically amounts to less than 1% of the total construction cost but it saves an equivalent amount or more in future repair and maintenance cost over the service life of the structure.
The construction industry was already reeling with multiple challenges from lack of capital and credit avenues to insolvencies, multiple frauds, and to regulatory burden and is now marred by the COVID-19 pandemic, with no likely relief in sight. The outburst of coronavirus in China followed by its spread in the major economies is anticipated to strike an unrecoverable dent on the growth of the construction industry, with anticipation in facing a labor shortage, shutdowns of various projects, and shortage of materials. None of the companies or materials used in the construction industry proves to be invincible from the coronavirus effect including waterproofing systems as well. However, Stratview Research’s assessment of the possible impact of the pandemic in several end-use industries suggests that the construction industry is lesser affected as compared to losses borne by other industries.
Our pre-COVID-19 market estimates indicated that the global high-performance waterproofing market to cross the golden figure of US$ 5.0 Billion by 2025. However, the outbreak of COVID-19 has entirely turned the table with a tremendous plunge in the sales of high-performance waterproofing, making the demand almost standstill in leading economies.
Despite the worrisome situation in 2020, it is estimated that the market for high-performance waterproofing is likely to register a strong come back in 2021 once the pandemic turns a corner, followed by sequential growth till 2025, ultimately driving the market to reach US$ 4.5 billion in 2025, a US$ 0.8 billion lesser figure than our 2019 market projections. Several factors including increasing government investments on infrastructure developments in emerging economies, increasing waste & water management activities, and increasing demand for energy-efficient buildings, are expected to trigger the demand for high-performance waterproofing in the long-run.
The high-performance waterproofing market is firstly segmented based on the membrane type as liquid-coated membrane and sheet-based membrane. The liquid-coated membrane is likely to remain the larger segment of the market during the forecast period. Ease of its application and elimination of fastening are some key factors bolstering the demand for liquid-coated membrane.
Based on the application type, the market is segmented as above-grade waterproofing and below-grade waterproofing. Above-grade waterproofing is likely to remain the dominant application of the market in years to come. However, below-grade waterproofing is expected to remain the faster-growing application type over the same period.
Based on the position type, the market is classified as positive-side waterproofing, negative-side waterproofing, and blind-slide waterproofing. Positive-side waterproofing is likely to maintain its vanguard in the market by 2025. The high dominance of positive-side waterproofing is mainly due to its certain benefits, such as its direct exposure to hydrostatic pressure created by groundwater and its ability to withstand high pressure. The positive-side waterproofing also prevents moisture infiltration, protects a structural surface, and acts as a vapor barrier.
Based on the material type, the market is classified as PU, HDPE, EPDM, Cementitious, TPO, and others. PU is likely to remain the most dominant material type in the high-performance waterproofing market. Lightweight, flexibility, high efficiency, and environmental sustainability are some major factors that are driving the demand for PU waterproofing in the market.
In terms of regions, all regions are estimated to record huge declines in the demand for high-performance waterproofing systems in 2020. However, Asia-Pacific is projected to maintain its dominance during the forecast period (2020-2025). The region is also expected to recover at the highest rate, propelled by increasing investment in infrastructure and construction sector and increasing usage of high-performance waterproofing. China is not only the largest market for high-performance waterproofing in Asia-Pacific but also in the world.
The supply chain of this market comprises raw material suppliers, high-performance waterproofing manufacturers, distributors, contractors, and end-users. The key players in the market are SIKA AG, BASF, RPM International Inc., Carlisle Companies Inc., GCP Applied Technologies and Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Developing innovative waterproofing systems, expanding geographically, and executing mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.
Our reports offer high-quality insights and are the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the 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. The following are the key features of the report:
The high-performance waterproofing market is segmented into the following categories.
High-Performance Waterproofing Market, By Membrane Type:
High-Performance Waterproofing Market, By Application Type
High-Performance Waterproofing Market, By Position Type
High-Performance Waterproofing Market, By End-Use Type
High-Performance Waterproofing Market, By Material Type
High-Performance Waterproofing Market, By Region
Report Customization Options
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