Waterproofing Systems Market Size to Reach USD 82.29 Billion by 2027 | Rapid Urbanization and Increasing Construction in Commercial and Residential Sectors in Developing Economies are Factors Driving Industry Growth, says Emergen Research

Vancouver, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- The global waterproofing systems market is projected to reach a value of USD 82.29 Billion by 2027, according to recent analysis by Emergen Research. This growth of the market can be attributed to rising investments in the construction industry and the growing need for sustainability.  Rising concerns regarding environmental awareness has resulted in increasing utilization of eco-friendly waterproofing membranes, which in turn, has been driving growth of the waterproofing systems market. The rising need to protect buildings against water infiltration, which can cause expensive and irreversible damage, is boosting demand for waterproofing systems.

Adoption of integral waterproofing across commercial sectors has also been increasing as integral waterproofing does not require a separate schedule for waterproofing activity. Increasing investments by government of various countries into infrastructure development, which includes bridges, roads, dams, and urban infrastructure, is expected to drive growth of the waterproofing systems market to a significant extent. Furthermore, concerns related to water seepage damaging metal components and electrical circuits in buildings, as well as potential and health hazards due to damp walls etc., is also boosting demand for and application of waterproofing systems.

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Key Highlights of Report

• In January 2020, BASF SE launched an advanced waterproofing membrane in Asia called MasterSeal 730 UVS. Under the company's Master Builders Solutions brand, the company launched a new waterproofing membrane to extend the flexible waterproofing range.
• The building structures segment accounted for largest market share of 39.5% in 2019. Increasing need to protect building structures against water infiltration has been resulting in increased utilization of waterproofing systems.
• The commercial segment revenue is expected to expand at a rapid CAGR of 6.9% during the forecast period. Easy installation, low maintenance, and cost-effectiveness of waterproofing systems are factors contributing to increasing adoption of these systems in the commercial sector.
• The waterproofing membranes segment accounted for significantly high revenue share in the waterproofing systems market in 2019. The greater range of flexibility and affordability offered by waterproofing membranes is a factor driving high demand for these products in the global waterproofing systems market.
• Revenue from the market in Asia Pacific is expected to expand at a rapid rate during the forecast period. Increasing purchasing power and continuous improvements in social living conditions of consumer has resulted in increasing demand for waterproofing systems for protection of commercial and residential buildings and structures in countries in the region.
• Key players in the market include BASF SE, Fosroc, SIKA AG, Soprema Inc., GCP Applied Technologies, Mapei S.p.A., Carlisle Construction Materials LLC, Tremco, Pidilite Industries, and Bostik.

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Emergen Research has segmented the global waterproofing systems market on the basis of application, end-use, type, and region:

• Application Outlook (Revenue, USD Billion; 2020–2027)
  • Roofing & walls
  • Waste & water management
  • Building Structures
  • Roadways
  • Others
• End-use Outlook (Revenue, USD Billion; 2020–2027)
  • Commercial
  • Residential
  • Industrial infrastructure development        
• Type Outlook (Revenue, USD Billion; 2020–2027)
  • Waterproofing chemicals
  • Waterproofing membranes
  • Integral systems     

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• Regional Outlook (Revenue, USD Billion; 2020–2027)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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