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What Is the Forecast for the Waterproofing Chemicals Market Growth in 2025?

The market size for waterproofing chemicals has experienced swift expansion in recent years. The market is projected to increase from $24 billion in 2024 to around $26.51 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%. The historical growth is attributed to the swift rise in urbanization, infrastructure makeover initiatives, elevating consciousness about structure safeguarding, renovating and maintenance tasks, strict building norms, and development in the real estate sector.

What Is the Forecast for the Waterproofing Chemicals Market Size Through 2029?

In the coming years, the market size for waterproofing chemicals is projected to experience a substantial expansion. It is predicted to escalate to $40.32 billion by 2029, growing at a compound annual growth rate (CAGR) of 11.0%. This predicted increment during the forecasted period can be linked to factors such as the effects of climate change, the development of green roofs, the surging demand for high-performance coatings, disaster-resilience to flooding, the surge in do-it-yourself waterproofing and the preference for liquid waterproofing. During the forecast period, major trends include developments in waterproofing formulations, the utilization of polyurethane-based waterproofing, the emergence of smart building technologies, advancements in nanotechnology, and the market expansion in upcoming economies.

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What are the Key Market Players in Waterproofing Chemicals Market and How They’re Evolving?

Major companies operating in the waterproofing chemicals market include Pidilite Industries Limited, Bostik Inc., Choksey Chemicals Pvt. Ltd., Estop Pte. Ltd., ExxonMobil Chemicals Company, Johns Manville Corporation, Mapei S.P.A, Mitsubishi Chemical Holdings Corporation, Polygel Industries Pvt. Ltd., Sika AG, Soprema SAS, The Dow Chemical Company, Thermax Limited, Wacker Chemie AG, BASF SE, Henkel AG & Co. KGaA, Compagnie de Saint-Gobain S.A., GAF Materials Corporation, Firestone Building Products Company LLC, Tremco Incorporated, Kemper System America Inc., Carlisle Companies Inc., GCP Applied Technologies Inc., RPM International Inc., Fosroc International Limited, Chryso SAS, Derbigum Manufacturing (Pty) Ltd., Fosroc Inc., GAF Material Corp., Holcim Ltd., Koster American Corporation, W.R. Grace & Co.

What Are the Primary Growth Drivers in the Waterproofing Chemicals Market?

The expansion of the building and construction industry is anticipated to boost the growth of the waterproofing chemicals market in the future. This industry pertains to the sector responsible for the construction, preservation, and repair of infrastructure. The escalating construction sector coupled with growing spending triggers the demand for waterproofing chemicals, as they offer a monitored environment and protect the structure along with its contents. For example, the Lumber Blue Book, an American online directory and credit information investment platform, reported in February 2024 that building construction in Canada increased by 7.8% to $59.0 billion, largely due to an 11.1% rise in the residential sector. Consequently, the surge in building and construction spending is propelling the growth of the heating equipment market.

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What Are the Leading Segments in the Global Waterproofing Chemicals Industry?

The waterproofing chemicals market covered in this report is segmented –

1) By Product: Bitumen, Elastomers, PVC, TPO, EPDM

2) By Technology: Preformed Membranes, Coatings And LAMS (Liquid Applied Membrane Systems), Integral Systems

3) By Application: Roofing And walls, Floors And basements, Waste And water Management, Tunnel liners, Other Applications

Subsegments:

1) By Bitumen: Bitumen Emulsions, Modified Bitumen Membranes, Bituminous Coatings

2) By Elastomers: Thermoplastic Elastomers (TPE), Synthetic Rubber-Based Waterproofing

3) By PVC (Polyvinyl Chloride): PVC Membranes, PVC Coatings

4) By TPO (Thermoplastic Olefin): TPO Membranes, TPO Coatings

5) By EPDM (Ethylene Propylene Diene Monomer): EPDM Membranes, EPDM Coatings

What are the Emerging Market Trends Driving the Growth of the Waterproofing Chemicals Industry?

Significant corporations in the waterproof chemicals field are concentrating their efforts on creating Home Protect Waterproofing products to improve the resilience and lifespan of construction materials. These products aim to safeguard structures from water damage and cater to the rising demand for sustainable and effective waterproofing strategies in both residential and commercial sectors. The term “Home Protect Waterproofing” refers to a range of services and commodities designed to stop water penetration and guard residential buildings from water-related destruction. For example, in July 2024, Shalimar Paints, a manufacturing entity based in India, which specializes in the production of paint and other coatings, released two innovative additions to their Home Protect Waterproofing lineup, namely Zero Damp Advance and Zero Damp Smart. These products were specifically crafted to provide augmented protection against water leakage, hence, establishing new standards in the industry with warranties that hold for a period of up to 12 years.

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What Is the Regional Outlook for the Waterproofing Chemicals Market?

Asia-Pacific was the largest region in the waterproofing chemicals market in 2024. The regions covered in the waterproofing chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the waterproofing chemicals market, and how is it changing globally?

2. Who are the major companies in the waterproofing chemicals market, and how are they performing?

3. What are the key opportunities and risks in the waterproofing chemicals market right now?

4. Which products or customer segments are growing the most in the waterproofing chemicals market?

5. What factors are helping or slowing down the growth of the waterproofing chemicals market?

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