Water Proofing Chemical Market Size, Share, Trends, Growth 2032

Water Proofing Chemical Market Insights

According to a report from Zion Market Research, the global Water Proofing Chemical Market was valued at USD 33.96 Billion in 2023 and is projected to hit USD 110.90 Billion by 2032, with a compound annual growth rate (CAGR) of 12.6% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Water Proofing Chemical Market industry over the next decade.

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Global Water Proofing Chemical Market: Overview

Waterproofing is a method of coating applied to any surface or material in order to make it water-resistant or to withstand harsh climatic conditions. The chemical compounds are water-based; they deliver foolproof water resistance to the surface or any application.

Global Water Proofing Chemical Market: Growth Factors

Rising global warming and concerns regarding the environment had changed consumer focus toward utilizing these products in roof coating in order to avoid heat deposition below the roof. Increasing disposable incomes in developing countries have changed the inclination of consumers towards sustainable building methods, which drives the waterproofing chemical market.

The growing construction and destructive natural calamities which lead to residential and commercial property damage have been key factors boosting the demand for waterproofing chemicals. Product advancements, mergers, acquisitions, and joint ventures are the key strategies adopted by the global market players to boost growth in the waterproofing chemical market. Rising demand from other end-user segments such as leather industry, electronic industry, and paper industry also plays a vital role in boosting the demand for waterproof chemicals.

The wide application of these chemicals in the automobile sector is the main factor responsible for the rising demand for waterproofing chemicals. Huge demand for waterproof textiles in various applications such as sports activities, and defense clothes is also driving the market growth. However, fluctuating raw material prices may hamper the growth of the waterproofing market.

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Global Water Proofing Chemical Market: Segmentation

Based on the products used in the process as thermoplastic polyolefin (TPO), polyvinylchloride (PVC), ethylene propylene diene terpolymer (EPDM), polytetrafluoroethylene (PTFE), bitumen, and silicone. Of which, bitumen is highly demanded in the global waterproofing chemical market.

Based on Type of Surface, the market is segmented as cementitious waterproofing, liquid waterproofing membrane, bituminous coating, and polyurethane liquid membrane.

Base on application, segments such as roofing, tunnels, walls, landfills, automotive, textile, and many others.

Water Proofing Chemical Market: Report Scope

Global Water Proofing Chemical Market: Regional Analysis

Asia-Pacific is the largest market for waterproofing chemicals, and it is expected to retain its influence in the come years due to rising infrastructure projects and increased disposable income of the consumers. North America region is growing at a steady pace due to the economic slowdown. Europe may grow rapidly due to high demand from the automobile industry.

Global Water Proofing Chemical Market: Competitive Players

Key participants in waterproofing chemical market are

• Pidilite Industries Ltd.
• BASF
• Polygel Industries
• ExxonMobil Chemicals
• Dow Chemical Company
• E.I. DuPont De Nemours & Co.
• Mitsubishi Chemical Holdings Company
• Toray Industries. 

Moreover, some of the other major players contributing in the global market are 

• Evonik Industries
• Eastman Chemical Company
• Choksey Chemicals Pvt. Ltd.
• Trinseo Europe GmbH
• Estop Group
• Kumho Petrochemicals.

This Report Segments the Global Water Proofing Chemical Market into:

By Product Type

• Thermoplastic Polyolefin (TPO)
• Polyvinylchloride (PVC)
• Ethylene Propylene Diene Terpolymer (EPDM)
• Polytetrafluoroethylene (PTFE)
• Bitumen And Silicone

By Type Of Surface

• Cementitious Waterproofing
• Liquid Waterproofing Membrane
• Bituminous Coating
• Polyurethane Liquid Membrane

By Applications

• Roofing
• Tunnels
• Walls
• Landfills
• Automotive
• Textile And Others

Water Proofing Chemical Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa