Waterproofing Systems Market worth $85.9 billion by 2027 | Key players Sika AG (Switzerland), Soprema (France), GCP Applied Technologies (US), Fosroc (UK), Mapei S.p.A (Italy).

According to recent market research the "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 material 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.

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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.

Waterproofing membranes are materials that are applied to prevent water from entering any building structures. These are available in sheet as well as in liquid applied form. These systems are easy to use & apply and provide better strength, tear resistance, weather resistance, UV stability, and flexibility to the applied surface. They are utilized for variety of application such as roofing & walls, building structures, waste & water management, tunnel liners, and bridges & highways, among many others.

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The Middle East & Africa is among the fastest-growing regions for waterproofing systems. The region has emerging markets such as Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, and the UAE. Saudi Arabia is the largest market for waterproofing systems in the Middle East & Africa. Saudi Arabia and the UAE are also among the major consumers of waterproofing systems in the region. Rising population, growing disposable income, increased demand for roadways, shifting energy landscape, rapid industrialization, and increased urbanization are driving the waterproofing systems market in the region. Growth in the generation of renewable energy and rapid development of non-oil-based projects are expected to drive the waterproofing systems market in the region during the forecast period.

The key players in the market for waterproofing systems are Sika AG (Switzerland), Soprema (France), GCP Applied Technologies (US), Fosroc (UK), Mapei S.p.A (Italy), Carlisle Construction Company (US), Tremco (US), Pidilite Industries (India), and Henkel Polybit (UAE). By adopting strategies, such as expansions, mergers & acquisitions, agreements & partnerships, and launch of new product, these players have established a strong foothold in the market.

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Carlisle Construction Materials is one of the largest players in the construction industry in North America. Carlisle adopts strategies such as mergers & acquisitions, which help the company grow in the waterproofing systems market. In 2021, the company acquired Henry Company for USD 1.575 billion. This acquisition reinforced the companys growth and innovation efforts in commercial construction and increased its presence in residential construction in North America.

Fosroc (UK) is one of the top manufacture and suppliers of chemical for the construction industry globally. The company is among the key players in the waterproofing systems market. The company adopted the strategies of new product launch and investment & expansion to strengthen its competitiveness in the global waterproofing systems market. For instance, in November 2021, Fosroc introduced Polyurea WH 100 for long lasting waterproofing. In December 2021, Fosroc opened a new office at Visakhapatnam, Andhra Pradesh, India, provides Fosroc an opportunity to expand its geographical footprints in Asia Pacific.

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