Global Waterproofing Systems Market Size, Trends & Analysis - Forecasts to 2026 By Type (Waterproofing Membranes, Waterproofing Chemicals, and Integral Systems); By Application (Building Structures, Roofing & Walls, Roadways, Waste & Water Management, and Other Application); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Waterproofing Systems Market Insights
The global waterproofing systems market is relied upon to develop at a CAGR of 8.5% during the figure time frame (2020-2026). Waterproofing systems are thin layers of waterproof rubbers, plastics, coated fabric materials that are used on roofs, walls, foundation buildings, and basements. The primary function of these watertight thing layers is to prevent water infiltration, impart tear resistance, and provide flexibility & strength.
Factors such as rising government investments in infrastructural development and improving water management activities especially by developing countries are triggering the overall waterproofing market on a global scale. With increasing awareness of wastewater management, various industries are shifting their preference from synthetic to bio-based waterproofing systems which are cost-effective, require low maintenance and the best viable replacement to the traditional technology.
Waterproofing Systems Market: By Type
Based on type, the market is segmented into integrated systems and waterproofing membranes & chemicals. Waterproofing membranes are widely used systems which include polyurethane membrane, bituminous membrane, PVC sheet membrane, and TPO. TPO will develop at the quickest development rate in the anticipated period due to synthetic waterproofing membranes predominantly in roofing and re-roofing applications, flexibility, and better resistance properties in comparison with other membranes.
Waterproofing Systems Market: By Type of Application
Based on application type, the market is segmented into waste & water management, roofing & walls, building structures, roadways, and other applications. The water management segment is assessed to develop at the quickest rate due to the increase in industrialization, urbanization, population growth, water conservation activates. The roofing & walls segment is another bigger shareholder of the waterproofing market due to rising residential construction activities in many regions.
Waterproofing Systems Market: By Region
Given the locale, the market is fragmented into North America, Asia-Pacific, Europe, Middle East, and Africa, and Central and South America. Asia-Pacific will lead the market in the conjecture time frame at the quickest development rate with increasing populace, industrialization, and progression in the framework. North America is the second leading segment for the waterproofing system and is expected to gain more share in the coming years. The rising construction activities in Canada, the U.S., and Mexico are driving the overall regional market growth.
Waterproofing Systems Market Share and Competitor Analysis
The key players operating in the market include IKO, Henry Company, Gulf Membrane and Coating Industries, GAF Materials Corporation, Firestone, Elmich Pte Ltd, Chryso S.A.S., Bostik, Alchimica Building Chemicals, Tremco, Pidilite Industries, Mapei S.P.A, Henkel Polybit Industries Ltd, Carlisle Construction Company, Soprema, GCP Applied Technologies, FOSROC, BASF, SIKA, and others.
Please note: This is not an exhaustive list of companies profiled in the report.
In September 2020, Chryso S.A.S partnered with SOLIDIA. Both the organizations teamed up to upgrade the supportability and execution of SOLIDIA ultra-low CO2 solid utilizing diverse substance blends.
In May 2020, IKO lunched the IKO ArmourStick HD system. It is the only Canadian-made sheet that has double release films with a flame-free commercial roofing system.
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The Global Waterproofing Systems Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Waterproofing Systems Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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