Global Waterproofing Chemical Market Analysis and Forecast, 2019-2028

Introduction

The global waterproofing chemical market is expected to grow at a significant CAGR of 8.5% during the forecast period, driven by the growing demand for sustainable building practices, the rise in government regulations for water conservation, and the increasing use of waterproofing chemicals in the construction industry. The market is expected to provide significant growth opportunities for players operating in the market, with a growing demand for eco-friendly products and an increasing demand for energy-efficient buildings.

Waterproofing chemicals are chemical substances used to prevent the penetration of water into various surfaces such as concrete, masonry, metal, and fabric. Waterproofing chemicals are extensively used in the construction industry to protect building structures from water damage. The growing demand for durable, long-lasting, and energy-efficient buildings is driving the market growth for waterproofing chemicals.

Market Overview

The global waterproofing chemical market is expected to grow at a significant pace during the forecast period (2023-2028). The increasing demand for waterproofing solutions in the construction industry, growing urbanization, and the need for water conservation are some of the major factors driving the market growth. The growth of the market is further fueled by the growing demand for eco-friendly and low-VOC-emitting products.

Market Segmentation

The global waterproofing chemical market is segmented on the basis of product type, application, and region. Based on the product type, the market is divided into elastomeric coatings, waterproofing membranes, and others. On the basis of application, the market is segmented into residential, commercial, and industrial. Based on the region, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Market Dynamics

The growing demand for sustainable building practices, the rise in government regulations for water conservation, and the increasing use of waterproofing chemicals in the construction industry are some of the major drivers of the market. The growing demand for eco-friendly products and the increasing demand for energy-efficient buildings are expected to drive market growth further. However, the high cost of waterproofing solutions and the lack of awareness among consumers in some regions are some of the major challenges faced by the market.

Competitive Landscape

The global waterproofing chemical market is highly competitive with a large number of players operating in the market. Some of the major players operating in the market include BASF SE, Sika AG, Dow Chemical Company, GAF Materials Corporation, and Owens Corning, among others. The players in the market are focusing on product innovation, strategic partnerships, and mergers & acquisitions to expand their market presence and increase their market share.

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.