The report "Waterproofing Systems Market by Type (Waterproofing Membranes, Waterproofing Chemicals, Integral Systems), Application (Building Structures, Roofing & Walls, Roadways, Waste & Water Management) and Region - Global Forecast to 2027", size is estimated at USD 61.3 billion in 2022 and is projected to reach USD 85.9 billion by 2027, at a CAGR of 7.0%, during the forecast period.
The expansion of the construction industry is driving demand for waterproofing system in emerging economies, such as Asia Pacific, the Middle East & Africa, and South America. The market for waterproofing systems is challenged by fluctuation in raw material price. The demand for cost effective and efficient waterproofing materialis is driving the demand for waterproofing system. The construction of green building and the rising demand for environment friendly waterproofing system provide growth opportunities to the market. However, the major restraint is the potential health and environmental issue.
The waterproofing systems market includes major Tier I and II suppliers like Sika, GCP Applied Technologies, Fosroc, Soprema, and Carlisle Construction Materials. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and the Middle East & Africa. COVID-19 has impacted their businesses in 2020 but these companies have recovered in last two years by managing operations and profits. Infrastructural development in post-covid era are supporting growth of waterproofing systems market
Building structures waterproofing systems offers efficient and long term protection from climate exposures and ensure efficient building structure protection. Building structures includes areas other than roofs and walls such as balconies, basement, foundation, retaining walls, storage rooms, underground structure, and others. The increasing population rises demand for residential and commercial buildings. Moreover, growing industrialization in emerging economies such as China, India, Indonesia, Chile, Nigeria, and others is driving the consumption of waterproofing systems in building structures segment.
