Waterproofing Products Market Expected to Reach $66.1 Billion by 2033—Allied Market Research

According to a new report published by Allied Market Research, titled, “Waterproofing Products Market," The waterproofing products market was valued at $42.5 billion in 2019, and is estimated to reach $66.1 billion by 2033, growing at a CAGR of 3.8% from 2023 to 2033.

Waterproofing products are materials designed to prevent the ingress of water, protecting structures and surfaces from water damage. These products form a barrier against moisture, preventing leaks and seepage. Common waterproofing materials include coatings, sealants, membranes, and additives that enhance the water resistance of various surfaces such as roofs, basements, and foundations.

They are crucial in construction to ensure the longevity and structural integrity of buildings, as water infiltration can lead to mold growth, deterioration, and structural issues. By creating a watertight seal, waterproofing products contribute to the durability and resilience of structures against the damaging effects of water exposure.

The rise in global concern over waste and wastewater management is anticipated to propel significant growth in the waterproofing products market. As urbanization and industrialization continue to surge, the generation of wastewater has become a pressing environmental challenge. Waterproofing solutions play a pivotal role in preventing water ingress into structures; thereby safeguarding against potential contamination of groundwater and soil by pollutants present in wastewater. This heightened awareness about the environmental impact of inadequate waste and wastewater management is driving increased investments in water-resistant construction materials and technologies.

Governments globally are implementing stringent regulations and standards to address wastewater disposal, creating a conducive environment for the expansion of the waterproofing products market. The construction industry, in particular, is witnessing a growing emphasis on incorporating waterproofing measures to enhance the longevity and sustainability of infrastructure. In addition, the demand for waterproofing products is expected to surge in sectors such as waste containment facilities, sewage treatment plants, and stormwater management systems.

The price and availability of raw materials are key determinants of the pricing of finished goods. The most significant obstacle for the global waterproofing products market is the varying price trends of raw materials, which fluctuate due to volatile energy prices, as the majority of raw materials are petroleum-based.

According to BP data, the average price of oil increased to $70.9/bbl in 2021 from $41.84/bbl in 2020. Consequently, fluctuations in oil prices hurt the expansion of the waterproofing products industry. In addition, employees may be exposed to volatile vapors during the application of waterproofing products such as bitumen-based membranes. These gases may cause nasal discomfort and bronchitis, if exposed for an extended period. Thus, this aspect is projected to hamper the growth of the waterproofing products market.

Technological advancements in waterproofing products present significant opportunities for the market, thus, driving innovation and addressing evolving industry needs. The integration of smart technologies is revolutionizing the market, enabling real-time monitoring and maintenance through sensors and IoT devices. This not only enhances the performance of waterproofing systems but also contributes to cost-effective and efficient building management. Furthermore, the emergence of nanotechnology has paved the way for ultra-thin yet highly durable waterproofing coatings. These nanomaterials provide superior protection against water ingress while maintaining structural integrity.

In addition, the development of green and sustainable solutions aligns with the growing demand for environmentally friendly construction materials. Biodegradable waterproofing products, in particular, respond to heightened environmental awareness and regulations. The market also benefits from the creation of flexible membranes that adapt to structural movements without compromising waterproofing effectiveness. This flexibility ensures longevity and reliability in diverse construction scenarios. Moreover, advancements in fire-resistant waterproofing cater to safety regulations, especially in areas prone to fires.

The global waterproofing products market is segmented into product type, application, and region. By product type, the market is divided into waterproof paints, polymer waterproof sheets, rigid waterproof materials, asphalt waterproof rolls, building seal waterproof materials, and others. By application, it is categorized into roofing and walls, floors and basements, water and waste management, tunnel liners, bridges and highways, and others. region-wise, the market is studied across North America, Europe, Asia-Pacific, South America, and Middle East and Africa.

Based on the product type, the waterproofing products market is classified into waterproof paints, polymer waterproof sheets, rigid waterproof materials, asphalt waterproof rolls, building seal waterproof materials, and others. Polymer waterproof sheets is projected to be the fastest-growing segment and waterproof paints have garnered the highest share in the waterproofing products market.

Based on the application, the waterproofing products market is classified into roofing and walls, floors and basements, water and waste management, tunnel liners, bridges and highways, and others. Floors and basements is projected to be the fastest-growing segment and roofing and walls have garnered the highest share in the waterproofing products market.

The major players operating in the global waterproofing products market are BASF SE, Sika AG, Carlisle Companies Inc., RPM International Inc., GCP Applied Technologies Inc., HOLCIM, Soprema Group, GAF, Henry Company, and The Dow Chemical Company.

Other players operating in the market are Saint-Gobain Weber GmbH, Fosroc Ltd., Maris Polymers, Pidilite Industries Ltd., and Bayer Material Science AG.

Key Findings Of The Study:

• Based on product type, the polymer waterproof sheets segment is projected to be the fastest growing in terms of revenue, during the forecast period.
• Depending on application, the roofing and walls segment is the leading segment in terms of revenue, during the forecast period.
• Region-wise, Asia-Pacific garnered a major share in 2019 in terms of revenue.