The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The waterproofing chemicals market has experienced rapid growth, driven by increasing building and construction expenditure.

• Market Growth Trends:
  • Market size set to increase from $21.8 billion in 2023 to $24.15 billion in 2024 at a CAGR of 10.8%.
  • Further growth expected, reaching $35.98 billion in 2028 at a CAGR of 10.5%.
• Factors Driving Growth:
  • Rapid urbanization and infrastructure renewal projects contribute to market expansion.
  • Growing awareness of structural protection fuels demand for waterproofing chemicals.
  • Stringent building codes and real estate development also play significant roles.
• Impact of Construction Expenditure:
  • Rising building construction expenditure globally supports demand for waterproofing chemicals.
  • Notable increases in construction spending reported in Canada and the USA.

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Technological Advancements In The Waterproofing Chemicals Market

Technological innovations are reshaping the waterproofing chemicals market landscape, with companies focusing on advanced product development.

• Key Technological Trends:
  • Development of products with advanced technologies to maintain market competitiveness.
  • Example: JSW Cement’s Krysta Leakproof integral crystalline waterproofing compound with reactive crystalline technology.
• Benefits of Technological Innovations:
  • Enhanced waterproofing effectiveness and durability.
  • Improved concrete stability and protection against water permeability.

Sika Strengthens Position In DIY Waterproofing Market With Acquisition Of UGL

Strategic acquisitions bolster market players’ capabilities and market presence, particularly in the DIY waterproofing segment.

• Acquisition Details:
  • Sika AG acquired United Gilsonite Laboratories (UGL) in May 2022.
  • Aimed at enhancing Sika’s market presence in DIY waterproofing solutions.
• Impact on Market Dynamics:
  • Capitalizing on the increasing demand for effective waterproofing solutions in construction.
  • UGL’s expertise in consumer and DIY waterproofing products complements Sika’s offerings.

Market Segmentation and Regional Insights

Understanding market segmentation and regional dynamics provides valuable insights into market behavior.

• Segmentation:
  • Products include Bitumen, Elastomers, PVC, TPO, and EPDM.
  • Technologies encompass Preformed Membranes, Coatings and LAMS, and Integral Systems.
  • Applications span Roofing and walls, Floors and basements, Waste and water management, Tunnel liners, and Others.
• Regional Trends:
  • Asia-Pacific led the waterproofing chemicals market in 2023, indicating significant market presence and potential.

Conclusion

The waterproofing chemicals market’s rapid growth trajectory is fueled by surging building and construction expenditure, technological advancements, and strategic acquisitions. As companies continue to innovate and expand their product portfolios, the market is poised for sustained growth in the coming years. With a focus on advanced formulations, smart building technologies, and market expansion in emerging economies, the future of the waterproofing chemicals industry looks promising, offering ample opportunities for stakeholders worldwide.

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The Waterproofing Chemicals Global Market Report 2024  provides an overview of the waterproofing chemicals market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The waterproofing chemicals market forecast analyzes waterproofing chemicals market size, waterproofing chemicals market share, leading competitor and their market positions.

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