Waterproofing Chemicals Market

The global Waterproofing Chemicals market size was USD 37.94 billion in 2023, and is calculated at USD 42.42 Billion in 2024. The market is projected to reach USD 129.41 Billion by 2034, and register a revenue 11.8% over the forecast period (2025-2034).

Premium Insights:

Global Waterproofing Chemicals market revenue growth is driven by factors such as rapid urbanization, increasing infrastructure development, emergence of more stringent building and safety regulations in various developing economies, rising focus among public and private construction companies and real estate developers on reducing potential of water-related damage to buildings and infrastructure, and increasing demand for more sustainable waterproofing solutions across sectors and industries.

Demand for Waterproofing Chemicals has been increasing globally along with construction activities, particularly in emerging economies. This is resulting in rising focus on long-term durability of structures and buildings, and demand for Waterproofing Chemicals is also rising to address evolving and changing weather patterns and events. Also, besides Waterproofing Chemicals protecting against leakage and seepage of moisture into cement and concrete walls, roof, supports, foundations, tanks, tunnels, basements, swimming pools, bridges, and also wood metal, concrete, and other materials and elements. These formulations also protect against corrosion and subsequent damage, and extend lifespan of buildings and infrastructure.

In addition, use of waterproofing products and coatings reduce maintenance costs and improve energy efficiency, especially in modern buildings and structures. Products designed to protect and offer water-proofing properties include coatings, membranes, sealants, and admixtures. Most common waterproofing products include bitumen, elastomers, Poly Vinyl Chloride (PVC), Polyurethane (PU), Thermoplastic Polyolefin (TPO), Ethylene Propylene Diene Terpolymer (EPDM), and Polytetrafluoroethylene (PTFE). Polymer-based Waterproofing Chemicals, such as polyurethane and EPDM, are widely used for their flexibility and durability. Compared to traditional materials like tar/bitumen or asphalt, these chemicals offer superior adhesion, chemical resistance, and long-term performance.

More recently, manufacturers are shifting towards eco-friendly and sustainable raw materials and production processes. Demand for sustainable waterproofing solutions is also rising, driven by regulatory pressures by governments and relevant authorities and increased environmental awareness. Development and introduction of bio-based chemicals, solvent-free coatings, and nanotechnology-based waterproofing for enhanced efficiency are also gaining traction. The green building trend is also supporting growth of the market. Some major innovations in building and construction practices include use of energy-efficient waterproofing systems, such as reflective coatings that lower building cooling costs, along with self-healing membranes that extend lifecycle value. With these new and emerging formulations and products gaining appeal, manufacturers are focusing on continuously enhancing product formulations to meet global standards.

Top Waterproofing Chemicals Market Drivers and Trends:

• Rapid Urbanization and Infrastructure Development: Rapid urbanization resulting in expanding city limits and need for real estate developers and construction companies to comply with regulatory norms and safety standards is driving increasing demand for and use of Waterproofing Chemicals and products, in both, commercial and residential projects and schemes. These formulations are also playing major roles in construction of public infrastructure and swimming pools, tanks, fountains, water treatment facilities, storage reservoirs, industrial infrastructure, and others. Waterproofing Chemicals are critical in ensuring durability of structures by protecting from moisture and water damage, especially in high-rise buildings, tunnels, and bridges.
• Reducing Water-Related Damage and Maintenance Costs: Building owners and developers are increasingly prioritizing preventive solutions to avoid costly repairs caused by water infiltration, corrosion, and mold. Waterproofing Chemicals extend the life of structures, reducing maintenance costs and improving asset performance over time.
• Growing Demand for Sustainable and Energy-Efficient Construction: With increasing environmental awareness and stringent building regulations, eco-friendly waterproofing solutions, such as solvent-free and bio-based products, are gaining popularity. Reflective coatings that reduce heat absorption also contribute to energy-efficient buildings, and increasing awareness regarding the various advantages and benefits are expected to continue to drive demand and support market growth.
• Technological Advancements in Product Development: Innovations such as self-healing membranes, nanotechnology-based coatings, and polymer-based systems enhance the performance, flexibility, and lifespan of waterproofing solutions. These advancements also improve ease of application, making them more attractive to contractors and developers.
• Government Policies and Incentives for Infrastructure Projects: Governments worldwide are investing substantially in infrastructure development and repair projects, particularly in transportation, water management, and energy sectors. These large-scale projects require robust waterproofing solutions to ensure longevity. As such initiatives continue to gain momentum, demand for Waterproofing Chemicals is expected to increase substantially over the forecast period.

Waterproofing Chemicals Market Restraining Factor Insights

• High Costs of Raw Materials and Installation: Production of Waterproofing Chemicals, especially advanced polymer-based and eco-friendly solutions, involves expensive raw materials such as polyurethane, acrylics, and bitumen. This results in cost of end-products being relatively high. Installation or application can also be labor-intensive, which can add up to overall costs, which can restrain smaller builders or projects with limited budgets.
• Research and Development Challenges: Developing high-performance, eco-friendly Waterproofing Chemicals requires substantial investments in R&D. Balancing product efficiency with environmental compliance, while keeping costs competitive, is a significant challenge for manufacturers. Also, time and resources required for product testing and regulatory approvals can delay market entry.
• Environmental Concerns and Regulatory Pressure: While sustainable products are gaining traction, many traditional Waterproofing Chemicals, such as bituminous coatings, contain harmful Volatile Organic Compounds (VOCs). Increasing regulations on VOC emissions and chemical waste disposal create additional compliance costs and can restrict the use of certain products.
• Availability of Alternative Solutions and Substitutes: The development of new building technologies and materials, such as waterproof concrete and advanced sealants, can reduce the need for external Waterproofing Chemicals. Also, some builders may opt for traditional, cost-effective methods like asphalt or cementitious coatings, which can limit demand for newer chemical solutions.
• Fluctuations in Construction and Infrastructure Investments: The Waterproofing Chemicals market is highly dependent on the construction and infrastructure sectors. Economic slowdowns, political instability, or reduced government spending on large-scale projects can negatively impact demand. Market volatility in key regions, such as Asia Pacific, can also slow down revenue growth for manufacturers.

Waterproofing Chemicals Market Opportunities

• Expansion into Emerging Markets: Expanding into emerging markets offers significant potential due to increasing construction activities and urbanization in developing regions. Infrastructure modernization, increasing number of construction projects and initiatives, both commercial and residential, in Asia Pacific, Latin America, and Africa present opportunities for companies catering to construction-related needs in countries in these regions.
• Product Diversification and Innovation: Diversification and product innovation can open up avenues to new revenue streams. By developing advanced waterproofing solutions with sustainable, eco-friendly chemicals, companies can leverage opportunities arising from demand for green construction materials. This approach also aligns with environmental regulations and offers competitive advantages in obtaining certifications that promote product adoption in eco-conscious markets.
• Strategic Partnerships, Mergers, and Acquisitions: Manufacturers of Waterproofing Chemicals can explore opportunities created by partnerships, mergers, and acquisition, with focus on leveraging the potential benefits offered by technological advancements in coatings, chemicals, membranes, and self-healing properties. Collaborations with local or regional players can help companies gain access to new distribution networks and technologies, thereby improving global footprint. In addition, acquiring smaller, innovative firms, can enable larger companies to integrate new technologies and gain an advantage in a highly competitive market.
• Product Enhancement and Customization: Diversification through product development presents substantially lucrative opportunities for major players in the market. Manufacturers can invest in research and development to create more stable, environmentally friendly, or specialized Waterproofing Chemicals and products tailored to specific industries.

Waterproofing Chemicals Market Segmentation:

By Product:

• Bitumen
• Elastomers
• Poly Vinyl Chloride (PVC)
• Polyurethane (PU)
• Thermoplastic Polyolefin (TPO)
• Ethylene Propylene Diene Terpolymer (EPDM)
• Polytetrafluoroethylene (PTFE)

By Technology:

• Integral Systems
• Preformed Membranes
• Coatings
• Liquid Applied Membrane Systems

By Application:

• Roofing & Walls
• Floors & Basements
• Waste & Water Management
• Tunnel Liners
• Bridges
• Highways

By End-Use Sector:

• Construction
• Commercial
• Residential
• Industrial
• Infrastructure Development

Segment Insights:

By Product:

The bitumen segment among the product segments is expected to account for largest revenue share in the global Waterproofing Chemicals market over the forecast period. This is attributed to wider application of bitumen waterproofing solutions in construction, particularly in roofing and road infrastructure and for settings with exposure to adverse weather conditions and wearer wear and tear. Also, bitumen is cost-effective and highly durable, making it a preferred option for large-scale projects, especially in developing regions with growing infrastructure demands. Bitumen provides effective moisture barrier and resistance to harsh environmental conditions and use in transportation infrastructure projects, such as highways and bridges, is expected to continue to contribute to growth of this segment.

By Technology:

The liquid applied membrane systems segment is expected to account for largest revenue share among the technology segments over the forecast period. Ease of application and versatility of these systems across various surfaces is a major factor driving increased demand and use. Liquid applied membranes are highly flexible and can adapt to complex geometries, which makes liquid forms ideal for both new constructions and renovation projects. Also, ability to provide a seamless, monolithic coating ensures superior waterproofing performance compared to preformed membranes, which may have joints that can lead to leakage. In addition, increasing adoption of sustainable and eco-friendly building materials is contributing to rising demand for liquid-applied membrane systems, as many products in this category are water-based and low in volatile organic compounds (VOCs). This makes them compliant with stringent environmental regulations, especially in developed markets.

By Application:

The roofing & walls segment among the application segments is expected to lead in terms of revenue share during the forecast period. Rising demand for waterproofing solutions in residential and commercial buildings, rapid urbanization, and need for long-lasting and effective waterproofing materials in roofs and walls to protect structures from water damage are among the key factors driving growth. Also, rising trend of green buildings and energy-efficient solutions are supporting demand for advanced waterproofing technologies. Extreme weather conditions are becoming increasingly frequent, and need for more durable waterproofing systems is expected to support revenue growth of this segment.

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By End-Use Industry:

The construction segment among the end-use industry segments is expected to account for largest share. This can be attributed to a booming construction industry, driven by both new projects and refurbishment activities, and rising demand for waterproofing solutions in residential, commercial, and industrial structures. Rapid urbanization, along with stricter building codes emphasizing the importance of moisture protection, are also supporting adoption of Waterproofing Chemicals. The infrastructure development segment is also expected to register substantial revenue growth over the forecast period, with increasing government initiatives focused on infrastructure development, particularly in emerging markets. These initiatives are expected to have positive impact on demand for Waterproofing Chemicals, particularly for large-scale projects such as bridges, tunnels, and public infrastructure.

Regions and Countries

North America

• United States
• Canada
• Mexico
  

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India

Rest of Asia Pacific

• Latin America
• Brazil
• Argentina

Rest of Latin America

• Middle East & Africa
• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA

Waterproofing Chemicals Market Regional Landscape:

Among the regional markets, Asia Pacific Waterproofing Chemicals market accounted for a robust revenue share of over 45% in 2023, driven by rapid urbanization, expanding infrastructure development initiatives and large projects, smart city projects, and industrial expansion. Countries such as China, India, and Japan are leading revenue contributors to the APAC market, with China, being the world’s largest construction market and registering substantially high demand for Waterproofing Chemicals in both residential and commercial projects. In addition, India has been registering major increase in infrastructure projects, particularly in transportation and housing.

Growth of the North America Waterproofing Chemicals market is driven primarily by revenue contribution from the US. Demand for Waterproofing Chemicals in the US is largely driven by growing need for residential refurbishments and infrastructural upgrades, particularly in water management systems and road construction. Increasing awareness of environmental regulations and green building initiatives is also factors supporting market growth.

Europe Waterproofing Chemicals market revenue has been registering steady growth, especially for advanced products and systems. Construction initiatives and renovation projects in Germany, France, and the UK and stringent building and construction norms in Europe are supporting demand and market growth.

Latin America Waterproofing Chemicals market revenue growth is moderate, and supported by revenue share contribution from Brazil and Mexico. This can be attributed to increasing government investments in infrastructure projects and housing developments initiatives in these countries.

Waterproofing Chemicals Market Competitive Landscape:

Company List:

• DOW
• BASF SE
• Sika AG
• Carlisle Companies Inc.
• Johns Manville
• FOSROC
• GCP Applied Technologies, Inc.
• Mapei S.p.A
• Firestone Building Products Company
• MBCC Group
• SOPREMA Group
• Minerals Technologies Inc.
• Bostik Inc.
• Pidilite Industries Limited
• Mitsubishi Chemical Holdings Corporation

Competitive Landscape:

The competitive landscape of the global Waterproofing Chemicals market is highly fragmented, with a large number of regional and global players competing for market share. Leading companies are focusing on product innovation, sustainability, and geographical expansion to maintain their positions and expand consumer base. Key players, such as BASF SE, Sika AG, and Dow Chemical Company, are investing substantially in Research and Development (R&D) to introduce advanced waterproofing solutions, particularly eco-friendly products that meet growing demand for sustainable construction practices.

One of the main strategies being adopted is product diversification, where companies are expanding their product portfolios to offer more specialized Waterproofing Chemicals that cater to specific industries and applications, such as infrastructure, construction, automotive, and waste management. Also, leading players are forming strategic partnerships, Joint Ventures (JVs), and acquisitions to strengthen their market presence. For example, mergers and acquisitions allow companies to gain access to new technologies, distribution networks, and untapped regional markets, enhancing their competitiveness.

Another significant strategy is geographic expansion, particularly into emerging markets such as Asia Pacific and Latin America, where urbanization and infrastructure projects are booming. Companies are also focusing on enhancing their customer service and distribution channels, offering customized solutions and technical support to build long-term client relationships.

Recent Developments

• June 28, 2024: Saint-Gobain announced entering into definitive agreement to acquire FOSROC, which is a global player in construction chemicals with robust geographic footprint in India, Middle East, and Asia Pacific. FOSROC has 20 manufacturing plants, and offers a wide range of technical solutions for the construction industry, including admixtures and additives for concrete and cement, waterproofing solutions, adhesives and sealants, and concrete and flooring repair solutions. With this acquisition, Saint-Gobain gains a comprehensive range of solutions with a renowned brand and strong technical competencies.
• May 1, 2024: BASF and Oriental Yuhong, which is a leading Chinese company in the construction waterproofing industry, signed a Memorandum of Understanding (MoU) in Beijing, China. The agreement enables both companies to collaborate and integrate capabilities in terms of waterproofing solutions and to create more high-quality and sustainable construction solutions and develop more advanced and efficient solutions for the construction industry. BASF and Oriental Yuhong will also launch a series of brand-new collaborations to accelerate launch and promotion of new technologies and projects in various areas, including waterproof materials, architecture coatings and insulation materials.

Frequently Asked Questions:

Q: What is the global Waterproofing Chemicals market size in 2024 and what is the projection for 2034?

A: The global Waterproofing Chemicals market size was calculated at USD 42.42 billion in 2024 and expected to reach USD 129.41 billion 2034

Which regional market accounted for largest revenue share in 2023, and what is the expected trend over the forecast period?

A: North America accounted for largest revenue share in 2023, and is also expected to continue to maintain its lead over the forecast period.

Q: Which are the major companies are included in the global Waterproofing Chemicals market report?

A: Major companies in the market report are DOW, BASF SE, Sika AG, Carlisle Companies Inc., Johns Manville, FOSROC, GCP Applied Technologies, Inc., Mapei S.p.A, Firestone Building Products Company, MBCC Group, SOPREMA Group, Minerals Technologies Inc., Bostik Inc., Pidilite Industries Limited, Mitsubishi Chemical Holdings Corporation, Saint Gobain Weber

Q: What is the projected revenue CAGR of the global Waterproofing Chemicals market over the forecast period?

A: The global Waterproofing Chemicals market is expected to register a CAGR of 11.8% between 2025 and 2034.

Q: What are some key factors driving revenue growth of the Waterproofing Chemicals market?

A: Some key factors driving market revenue growth include rising demand for bleach and cleaning agents and products from water and wastewater treatment facilities, healthcare applications, food processing, agriculture, textiles, pharmaceuticals, chemicals, laundry and cleaning, and various others