Global Waterproofing Systems Market Forecasted to Grow at a 7.0% CAGR, Reaching $85.9 Billion by 2027
dannybriggsWaterproofing systems are a set of techniques, materials, and processes designed to prevent the infiltration of water or moisture into structures such as buildings, roofs, basements, or foundations. These systems are essential to protect the integrity of a structure, preventing water damage, mold growth, and structural deterioration. They often involve the application of waterproof membranes, sealants, coatings, and drainage systems to create a barrier against water intrusion, ensuring the longevity and durability of the protected surfaces. Waterproofing systems are commonly used in construction to maintain the structural integrity and overall quality of buildings and infrastructure.
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.
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Based on the application, building structures segment is estimated to lead the overall waterproofing systems market in 2022.
In 2022, the building structures segment is expected to dominate the waterproofing systems market, primarily driven by the increasing demand for waterproofing solutions in construction projects. This segment includes various applications such as residential buildings, commercial structures, industrial facilities, and public infrastructure projects. The need to protect these structures from water damage, moisture infiltration, and related issues has led to a growing demand for waterproofing systems. This trend underscores the significance of waterproofing in ensuring the durability and longevity of building structures, making it a leading segment in the overall market.
Based on type, waterproofing membranes segment is projected to lead the overall waterproofing systems market during the forecast period.
During the forecast period, the waterproofing membranes segment is anticipated to hold a leading position in the overall waterproofing systems market. Waterproofing membranes are a critical component of waterproofing systems, providing a durable and effective barrier against water infiltration. These membranes are widely used in various applications, including roofing, basements, tunnels, and foundation walls, among others.
The prominence of waterproofing membranes can be attributed to their versatility, durability, and effectiveness in preventing water damage and maintaining the integrity of structures. As construction activities continue to grow, especially in infrastructure and building projects, the demand for waterproofing membranes is expected to remain high, thereby driving the segment's leadership in the waterproofing systems market.
Based on region, Asia Pacific is projected to be the fastest growing segment.
In the waterproofing systems market, Asia Pacific is expected to emerge as the fastest-growing region, closely followed by the Middle East & Africa. This growth can be attributed to factors such as rapid urbanization, extensive infrastructure development, climate variability, and a construction boom in these regions. As construction activities continue to expand and climate-related challenges persist, the demand for waterproofing solutions in Asia Pacific and the Middle East & Africa is projected to witness robust growth in the coming years.
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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), Henkel Polybit (UAE) and others.
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