Waterproofing systems are essential for protecting buildings
and structures from water damage. Whether you are constructing a new building
or renovating an existing one, it is crucial to invest in a high-quality waterproofing
system to ensure the longevity of your property. In this essay, we will explore
the different types of waterproofing systems, their benefits, and how to choose
the right system for your needs.
Types of
Waterproofing Systems
There are several types of waterproofing systems, each with
its unique features and benefits. The most common types are:
- Liquid Waterproofing Systems: These systems involve applying
a liquid coating to the surface to create a waterproof barrier. They are easy
to install, can be used on a variety of surfaces, and offer excellent durability.
- Sheet Membrane Waterproofing Systems: Sheet membranes are
applied to the surface to create a waterproof barrier. They are typically made
of rubber, PVC, or modified bitumen and offer excellent durability and
resistance to UV rays.
- Cementitious Waterproofing Systems: These systems involve
applying a cement-based coating to the surface to create a waterproof barrier.
They are easy to install and offer excellent resistance to water and chemicals.
- Bentonite Waterproofing Systems: Bentonite is a type of clay
that swells when it comes into contact with water. Bentonite waterproofing
systems involve applying a layer of bentonite to the surface to create a
waterproof barrier. They offer excellent resistance to water and are commonly
used in underground applications.
Benefits of
Waterproofing Systems
Investing in a waterproofing system offers several benefits,
including:
- Protection against Water Damage: Waterproofing systems create
a barrier that prevents water from seeping into the building or structure,
preventing water damage and mold growth.
- Increased Durability: Waterproofing systems offer excellent
resistance to UV rays, chemicals, and other environmental factors, increasing
the durability of the building or structure.
- Energy Efficiency: By preventing water from seeping into the
building, waterproofing systems can help to reduce energy costs by improving
insulation.
- Enhanced Aesthetics: Waterproofing systems can improve the
appearance of the building or structure by providing a clean, uniform surface
that is free from cracks and other imperfections.
Choosing the Right
Waterproofing System
Choosing the right waterproofing system depends on several
factors, including the type of surface, the level of protection required, and
the environmental conditions. Consulting with a professional waterproofing
contractor is the best way to determine the right system for your needs.
Dynamics of Waterproofing Systems Market
Drivers in Waterproofing
Systems Market
The global below-grade waterproofing membrane market is
expected to witness significant growth in the forecast period. The market
drivers include growing investments in public infrastructure, renovation of old
infrastructure, industrialization, and increasing urbanization. Additionally,
the use of waterproofing membranes in various industries, such as chemical,
petroleum, and food & beverage, to reduce moisture content, is expected to
stimulate market revenue growth. The oil & gas industry employs
waterproofing membranes to prevent corrosion of pipelines, facilities, and
resist positive pressure in tanks, bunds, and other water retaining structures,
further boosting market revenue growth.
However, the potential health and environmental issues
arising from the use of ecologically unsafe materials during waterproofing
works may act as a restraint towards market growth rate during the forecast
period. The production of such works generates a significant amount of waste
that requires processing in the secondary production or salvaging, which can
negatively impact the environment, natural resources, and health of citizens.
The instability in raw material prices also has the potential to challenge the
growth of the waterproofing systems market.
Restraints in
Waterproofing Systems Market
Despite the challenges, the growing demand for
cost-effective and efficient waterproofing systems in the construction industry
is a key determinant favoring market growth during the forecast period. The
rising investments in the growth of water conservation and wastewater treatment
infrastructure, along with the high rate of urbanization and infrastructural
developments, are also positively impacting the growth of the waterproofing
systems market. Moreover, the emergence of environment-friendly waterproofing
systems and green buildings, as well as the rising requirement for water
management in emerging economies, will further offer growth opportunities for
the market.
Opportunity: Rise of
Eco-Friendly Waterproofing Systems and Green Buildings
The emergence of green buildings and
environmentally-friendly waterproofing systems is providing new opportunities
for the market. Traditional waterproofing systems have been associated with
high levels of toxicity and volatile organic compounds (VOCs). However, leading
manufacturers such as Sika, Fosroc, Kemper Systems, and Pidilite have invested
in R&D to develop solutions that have minimal environmental impact. These
companies are also obtaining green certifications for their products to be used
in sustainable construction projects such as green roofs and green buildings.
Green roofs are becoming increasingly popular as they help
in reducing energy costs, urban heat island effect, removing harmful air
particles, and minimizing stormwater runoff. Green buildings, on the other
hand, are energy-efficient structures that require waterproofing to provide
efficient protection from water runoff and weather conditions while also enhancing
energy efficiency. Countries such as Germany and the US have seen high growth
in green buildings due to regulations pertaining to building emissions and
their positive impact. With the rise of industrialization and infrastructural
development in countries like India and China, the market for
environmentally-friendly waterproofing systems is expected to expand further.
Furthermore, the roofing and waste management industries are also driving
market growth in this area.
In the Asia Pacific, the use of waterproofing membranes in
mining applications is predicted to drive growth. However, the industry's
expansion may be stymied by price fluctuations and a lack of raw materials.
Fluctuations in raw material costs may increase the overall cost of
manufacturing waterproofing membranes, reducing demand. Moreover, a shortage of
raw materials may create a supply gap, hindering the expansion of the global waterproofing
membranes market.
The market is also witnessing a rise in new technologies
such as the rapid-curing resin technique, which is typically used for inhabited
building balconies and external pathways. This technique involves using a
cold-liquid applied reinforced membrane system that can be deployed as a whole
edge-to-edge membrane system or in isolated areas to handle specific
situations.
Challenge: Fluctuations
in Raw Material Prices
One of the major challenges facing the global waterproofing
chemicals market is the volatility in raw material prices. The prices of raw
materials used in manufacturing waterproofing systems are often affected by the
fluctuations in energy prices since most of these materials are
petroleum-based. For instance, in 2018, the average oil price increased from
USD 54 to USD 71 per barrel, negatively impacting the growth of the waterproofing
systems market.
Furthermore, applying traditional waterproofing systems such
as bitumen can expose workers to volatile fumes, causing health issues such as
nasal irritation and bronchitis. However, due to the pandemic situation,
domestic and international travel has been restricted, leading to a drop in
demand for transportation fuel and affecting crude oil prices. Geopolitical
instability in eastern Europe is also affecting raw material prices, adding to
the challenge faced by the industry.
Ecosystem of Waterproofing Systems Market
According to the forecast period, waterproofing membranes
are expected to be the largest and fastest-growing type in the waterproofing
systems market. These membranes play a significant role in reducing water
ingress into a building structure, and they hold the largest share in the
overall waterproofing systems market. There are two types of waterproofing
membranes available - sheet membranes and liquid applied membranes. Among
these, sheet membranes are more popular due to their affordability and ease of
use. Waterproofing membranes are easy to manage and offer efficient
waterproofing, which results in a prolonged lifespan for building structures.
They are also easily replaceable, making them an ideal choice for many applications.
The fastest-growing application in the waterproofing systems
market during the forecast period is waste and water management. Water
management activities involve waterproofing large water tanks, sewers,
treatment tanks, spillways, channels, inlets, water treatment works, and
wastewater treatment utilities. Different waterproofing materials such as
membrane systems based on polyurea, PU, epoxy, cementitious, and crystalline
are utilized in these applications. In water and wastewater treatment plants,
waterproofing is applied to various tanks, including pretreatment tanks,
primary sedimentation tanks, secondary sedimentation tanks, biological
treatment tanks, sludge tanks, tertiary treatment tanks, equalization tanks,
operation facilities, and others. Proper waterproofing is necessary to protect
these structures and equipment from premature damage and ensure their long-term
service life. The high growth of the waterproofing systems market is attributed
to the increasing water management needs driven by urbanization and
industrialization.
The Asia Pacific region is anticipated to experience the
fastest growth rate in the waterproofing systems market during the forecast
period. The market growth in this region is primarily driven by the rising
population, increased demand for residential buildings, rapid
industrialization, and growing urbanization. China is the largest market for
waterproofing systems in the region, as it is a significant producer and
consumer of these systems. India and South Korea are also expected to grow at a
decent rate during the forecast period.
India's building demand is projected to increase due to
strong economic development and the removal of obstacles to foreign investment
over the next eight years. Vietnam and the Philippines are also emerging as
promising markets as the population and urbanization accelerate, and economic
growth surges. In South Korea, private and state investments in commercial,
industrial, and infrastructural projects are expected to propel the construction
sector's growth. Malaysia is also expected to experience rapid infrastructure
expansion due to the implementation of projects under the government's economic
reform agenda.
Polyurethane liquid membranes are widely used in the roofing
and waterproofing industries worldwide, with a strong presence in the small and
medium-sized roof restoration sector, which is highly profitable and resistant
to crises. The liquid membrane market is fragmented and supplied only by local
or regional vendors. The market growth for these membranes is
disproportionately high due to their improved qualities such as durability,
adaptability, good strength-to-weight ratio, and better insulating
capabilities. Polyurethane liquid membranes outperform traditional
waterproofing membranes, especially where seamless systems are required either
visually or physically, due to their application in geometrically complex
connections and low energy consumption.
The past use of low-quality construction materials followed
by inadequate building structure maintenance is expected to create a vast
market for repair and rehabilitation, which would further increase the usage of
polyurethane liquid membranes. Increased infrastructure investment,
industrialisation, and urbanisation in developing countries like India, China,
and Brazil are predicted to drive the demand for polyurethane membranes.
Furthermore, governments in both developing and wealthy countries recognise the
significance of infrastructure development in terms of sustainability and durability.
This recognition is fuelling the demand for green buildings, which has massive
market potential for polyurethane liquid membranes.
In areas where precipitation varies regionally and
seasonally, water conservation, transportation, and purification become more
crucial. To address these needs, waterproofing membranes are widely used in the
water and waste management industries. China is the largest buyer of
waterproofing membranes for waste management in the Asia Pacific region. This
increase in demand can be attributed to rapid urbanization and the shift of
industries to the region, resulting in a substantial increase in industrial operations
and waste output.
The adoption of waterproof membranes in the construction
sector may be limited due to the low understanding of contractors regarding the
proper type and quality of building chemicals needed for long-lasting
constructions. The manufacturer's lack of significant research into the
material's durability, as well as the lack of essential consumer construction
requirements, is also a contributing factor. The success of waterproofing
largely depends on using products that meet specifications. However, the
industry currently has no regulations, allowing any manufacturer to become a
waterproofing applicator. This lack of knowledge and regulation also results in
intense competition from abroad, where companies offer cheaper costs without
regard for quality or standards.
The Asia Pacific region is experiencing significant growth
in the roofing application sector, especially in the residential home
development market. The roofing market is expected to grow in the coming years,
primarily due to the increased exposure to precipitation and environmental
moisture, which has boosted the demand for sheet membranes. The use of building
structures in construction for extended shelf life and protection at varied
temperatures is also predicted to contribute to the market's growth.
Furthermore, the increasing use of sheet membrane materials for flooring
applications is expected to drive market growth. In Europe, rising concerns
about water and waste management are expected to increase demand for
waterproofing solutions. Eastern European countries such as Poland, Russia, and
Turkey are expected to have strong market growth due to increased investment
and a revival of the construction sector. The market for bio-based
waterproofing solutions is also expected to grow. In North America, the revival
of the construction sector is expected to drive growth, and the roofs and walls
application segments are predicted to offer a large opportunity for expansion.
The region is home to significant companies in the waterproofing membranes
industry, and increased R&D spending is expected to drive demand for
bitumen in the liquid applied membranes market. Finally, research studies on
the use of waterproofing membranes for walls are expected to have a favourable
impact on the market during the forecast period, with new products like Newton
Waterproofing's single component liquid waterproofing membrane expected to
boost the market's growth.
Dominating Companies in Waterproofing Systems Market
- SIKA AG
- FOSROC
- GCP APPLIED TECHNOLOGIES
- SOPREMA
- CARLISLE CONSTRUCTION MATERIALS
- HENKEL POLYBIT INDUSTRIES LTD.
- MAPEI S.P.A.
- PIDILITE INDUSTRIES
- TREMCO (RPM INTERNATIONAL)
- SAINT-GOBAIN
- ALCHIMICA BUILDING CHEMICALS
- BOSTIK
- ELMICH PTE LTD.
- FIRESTONE BUILDING PRODUCTS COMPANY LLC.
- GAF MATERIAL CORPORATION
- GULF MEMBRANE AND COATING INDUSTRIES
- IKO
- JOHNS MANVILLE
- KEMPER SYSTEM
- IWL INDIA LIMITED
- SIPLAST
- STP LIMITED
- THE DOW CHEMICAL COMPANY
- KOSTER WATERPROOFING SYSTEM (KOSTER BAUCHEMIE AG)
- CONCRETE WATERPROOFING SYSTEM
- BASF SE
- Henry Company LLC
- IKO PLC
Recent Developments in Waterproofing Systems Market
- In December 2020, Sika AG announced that it had completed
the acquisition of Kreps LLC, a leading manufacturer of waterproofing systems
for tunnels and bridges in Russia. The acquisition will enable Sika to
strengthen its position in the Russian market and expand its product portfolio.
- In May 2020, RPM International, the parent company of Tremco
Incorporated, announced that it had acquired two companies in the field of
waterproofing: Construction Chemicals Pty Ltd, a leading manufacturer of
waterproofing and flooring products in Australia, and Nudura Corporation, a
manufacturer of insulated concrete forms and building envelope systems in
Canada. The acquisitions will enhance RPM's global presence and broaden its
product offerings in the construction industry.
- In January 2019, MAPEI Corporation announced that it had
formed a partnership with GCP Applied Technologies to distribute its line of
waterproofing products in the United States and Canada. The partnership will
allow MAPEI to expand its product offerings and reach a wider customer base in
North America.
- In August 2018, BASF SE completed the acquisition of the
waterproofing systems business of Tensar International Corporation, a global
provider of specialty products for construction and earthworks. The acquisition
will enable BASF to expand its product portfolio and strengthen its position in
the construction industry.
- In April 2018, Arkema SA announced that it had acquired
Polymem, a French manufacturer of ultrafiltration membranes and systems for
water and wastewater treatment. The acquisition will enable Arkema to expand
its product offerings in the field of water management, including waterproofing
systems for buildings and infrastructure.
- In 2021, global specialty chemicals company Sika acquired
Kreps LLC, a leading manufacturer of waterproofing membranes and coatings in
Russia. This acquisition is expected to strengthen Sika's position in the
Russian market and expand its product portfolio.
- In 2020, Kemper System America, a leading manufacturer of
high-performance liquid resin systems, announced a partnership with
VaproShield, a leading provider of breathable membrane solutions. This
partnership aimed to provide customers with comprehensive roofing and
waterproofing solutions.
- In 2019, Sika acquired King Packaged Materials Company, a
Canadian manufacturer of waterproofing and repair products. This acquisition
expanded Sika's product portfolio and market presence in Canada.
- In 2019, RPM International, a leading manufacturer of
specialty coatings and sealants, acquired Nudura Corporation, a manufacturer of
insulated concrete forms and building systems. This acquisition expanded RPM
International's product portfolio and market presence in the construction
industry.
- In 2018, Soprema, a global manufacturer of waterproofing and
insulation systems, acquired Derbigum Americas, a manufacturer of modified
bitumen roofing systems. This acquisition expanded Soprema's product portfolio
and market presence in North America.
Waterproofing systems are essential for protecting buildings
and structures from water damage. There are several types of waterproofing
systems available, each with its unique features and benefits. Investing in a
high-quality waterproofing system offers several benefits, including protection
against water damage, increased durability, energy efficiency, and enhanced
aesthetics. Choosing the right waterproofing system depends on several factors
and consulting with a professional waterproofing contractor is recommended.
1.
Research Sources
We at Zettabyte Analytics have a
detailed and related research methodology focussed on estimating the market
size and forecasted value for the given market. Comprehensive research
objectives and scope were obtained through secondary research of the parent and
peer markets. The next step was to validate our research by various market
models and primary research. Both top-down and bottom-up approaches were
employed to estimate the market. In addition to all the research reports, data
triangulation is one of the procedures used to evaluate the market size of
segments and sub-segments.
Research Methodology
1.1. Secondary Research
The secondary research study involves various sources and databases used
to analyze and collect information for the market-oriented survey of a specific
market. We use multiple databases for our exhaustive secondary research, such
as Factiva, Dun & Bradstreet, Bloomberg, Research article, Annual reports,
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makes an extensive and unique segmentation related to the latest market
development.
1.2. Primary Research
The primary research includes gathering data from specific domain
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web-based surveys. The primary interviewees for this study include an expert
from the demand and supply side, such as CEOs, VPs, directors, sales heads, and
marketing managers of tire 1,2, and 3 companies across the globe.
1.3. Data Triangulation
The data triangulation is very important for any market study, thus we
at Zettabyte Analytics focus on at least three sources to ensure a high level
of accuracy. The data is triangulated by studying various factors and trends
from both supply and demand side. All the reports published and stored in our
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1.4. In-House Verification
To validate the segmentation
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1.5. Reporting
In the end,
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