What is the future of High-Performance Waterproofing Market? Know Covid Impact on Size, Share & Forecasts

What is the future of High-Performance Waterproofing Market? Know Covid Impact on Size, Share & Forecasts

October 14, 2020

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the High-Performance Waterproofing Market.

It was estimated prior to this unanticipated outbreak that the High-Performance Waterproofing Market to cross the golden figure of US$ 5.0 Billion by 2025. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

 

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Waterproofing is a combination of materials that treat or protect unwanted water intrusion into the structural elements of a building. Its main purpose is to resist the penetration of liquids under hydrostatic pressure or other external forces like capillarity. High-performance waterproofing is a versatile material, capable of retaining the dryness of concrete, masonry, metal, and wood structures. It is also resistant to salts, alkalis, and various types of acids. Furthermore, it is durable, lightweight, non-deteriorating, puncture-resistant, and is available in length stretching up to 50 meters. A waterproofing system typically amounts to less than 1% of the total construction cost but it saves an equivalent amount or more in future repair and maintenance cost over the service life of the structure.

Our pre-COVID-19 market estimates indicated that the global high-performance waterproofing market to cross the golden figure of US$ 5.0 Billion by 2025. However, the outbreak of COVID-19 has entirely turned the table with a tremendous plunge in the sales of high-performance waterproofing, making the demand almost standstill in leading economies.

Despite the worrisome situation in 2020, it is estimated that the market for high-performance waterproofing is likely to register a strong come back in 2021 once the pandemic turns a corner, followed by sequential growth till 2025, ultimately driving the market to reach US$ 4.5 billion in 2025, a US$ 0.8 billion lesser figure than our 2019 market projections. Several factors including increasing government investments on infrastructure developments in emerging economies, increasing waste & water management activities, and increasing demand for energy-efficient buildings, are expected to trigger the demand for high-performance waterproofing in the long-run.

 

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Based on the application type, the market is segmented as above-grade waterproofing and below-grade waterproofing. Above-grade waterproofing is likely to remain the dominant application of the market in years to come. However, below-grade waterproofing is expected to remain the faster-growing application type over the same period.

Based on the position type, the market is classified as positive-side waterproofing, negative-side waterproofing, and blind-slide waterproofing. Positive-side waterproofing is likely to maintain its vanguard in the market by 2025. The high dominance of positive-side waterproofing is mainly due to its certain benefits, such as its direct exposure to hydrostatic pressure created by groundwater and its ability to withstand high pressure. The positive-side waterproofing also prevents moisture infiltration, protects a structural surface, and acts as a vapor barrier.

Based on the material type, the market is classified as PU, HDPE, EPDM, Cementitious, TPO, and others. PU is likely to remain the most dominant material type in the high-performance waterproofing market. Lightweight, flexibility, high efficiency, and environmental sustainability are some major factors that are driving the demand for PU waterproofing in the market.

In terms of regions, all regions are estimated to record huge declines in the demand for high-performance waterproofing systems in 2020. However, Asia-Pacific is projected to maintain its dominance during the forecast period (2020-2025). The region is also expected to recover at the highest rate, propelled by increasing investment in infrastructure and construction sector and increasing usage of high-performance waterproofing. China is not only the largest market for high-performance waterproofing in Asia-Pacific but also in the world.

 

Key Players:

The supply chain of this market comprises raw material suppliers, high-performance waterproofing manufacturers, distributors, contractors, and end-users. The key players in the market are SIKA AG, BASF, RPM International Inc., Carlisle Companies Inc., GCP Applied Technologies and Beijing Oriental Yuhong Waterproof Technology Co., Ltd. Developing innovative waterproofing systems, expanding geographically, and executing mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.

Author : Emily

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