Oct 16, 2020   SOURCE: BusinessWire

Global Waterproofing Systems Market (2020 to 2025) - Emergence of Environment-Friendly Options Presents Opportunities - ResearchAndMarkets.com

The "Waterproofing Systems Market by Type (Waterproofing membranes, Waterproofing Chemicals, and Integral Systems), Application (Building Structure, Roofing & Walls, Roadways, Waste & Water Management), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global waterproofing systems market size is projected to reach USD 72.0 billion by 2025 at a CAGR of 6.4%.

The growing demand for cost-effective and efficient materials, along with the increasing demand for waterproofing systems in the construction industry of the emerging countries, is driving the demand for waterproofing systems. The industrial development in emerging countries and the growing demand for environment-friendly waterproofing systems have created a growth opportunity for the market. However, the potential health and environmental issues pertaining to certain waterproofing systems are hampering the growth of the market. The fluctuation in raw material prices is creating a challenge for the waterproofing systems market. Growing requirements for water management in emerging economies is also creating opportunities for the waterproofing systems market.

The integral systems type segment to register the fastest growth during the forecast period.

Integral systems are generally waterproofing admixtures, which are porous materials that absorb water and water-borne contaminants. Integral systems can be faster to apply, cheaper, and more reliable than coating and membrane. These systems prevent the degradation of concrete structures. They increase the durability of the structure and also reduce maintenance costs. These are applied to roofs, basements, walls, as well as can be applied to different locations based on climatic conditions and structural requirements.

The building structure application to be the largest market segment for waterproofing systems.

Building structures are areas excluding roofs and walls such as balconies, basements, foundations, retaining walls, storage rooms, below ground constructions, and others. Building structures are often exposed to stresses such as water exposure, water stresses, groundwater chemical exposures, unequal static forces, temperature variations, biological influences, and others. Waterproofing of these structures provide effective and long term protection from these exposures and ensure efficient protection of building structures.

APAC is projected to be the largest waterproofing systems market during the forecast period.

The waterproofing systems market in APAC is projected to register the highest CAGR during the forecast period. The building structures market in APAC is driven by the growing construction industry, increased urbanization, industrial growth, and strong economic growth. The recent COVID-19 pandemic is expected to impact the global construction industry. COVID-19 led the construction industry into an unknown operating environment, globally. Government restrictions on the number of people that can gather at one particular place, severely impacted the industry. However, owing to government stimulus packages to counter the negative effects are expected to boost growth in a post-pandemic scenario.

Market Dynamics

Drivers

  • Growing Demand for Cost-Effective and Efficient Waterproofing Systems
  • Increasing Demand for Waterproofing Systems in Construction Industry

Restraints

  • Potential Health and Environmental Issues

Opportunities

  • Emergence of Environment-Friendly Waterproofing Systems and Green Buildings
  • Growing Requirement for Water Management in Emerging Economies

Challenges

  • Volatility in Raw Material Prices

Companies Profiled

  • Sika Ag
  • BASF SE
  • Fosroc
  • Gcp Applied Technologies
  • Soprema
  • Carlisle Construction Company
  • Henkel Polybit Industries Ltd.
  • Mapei S.P.A.
  • Pidilite Industries
  • Tremco (RPM International)
  • Alchimica Building Chemicals
  • Bostik
  • Chryso S.A.S.
  • Elmich
  • Firestone Building Products Company LLC.
  • Gaf Material Corporation
  • Gulf Membrane and Coating Industries
  • Henry Company
  • IKO
  • Johns Manville
  • Kemper System
  • IWL India Limited
  • Siplast
  • STP Limited
  • The Dow Chemical Company

For more information about this report visit https://www.researchandmarkets.com/r/pub3xy