With the ongoing surge in construction and infrastructure development activities, along with increasingly stringent building safety standards worldwide, the global waterproofing chemical market is projected to reach a value of US$ 4.43 billion and is expected to grow at a CAGR of 3.9% from 2024 to 2034.

Waterproofing chemicals play a crucial role in enhancing the durability of structures by forming barriers that prevent water or moisture intrusion. These chemicals are essential for maintaining the integrity of buildings and surfaces. The demand for bitumen, particularly in roofing applications, is on the rise due to its cost-effectiveness and ease of application. This increasing demand is driven by the growing need for durable and reliable roofing solutions in both commercial and residential construction projects.

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Key Market Takeaways

• The global waterproofing chemical market is poised for substantial growth, with projections indicating its value to soar to US$6.49 billion by the year 2034.
• In 2024, North America is anticipated to hold a significant portion of the market share, accounting for 28.6%.
• Meanwhile, the East Asia market is on a steady trajectory, expected to escalate from US$1.62 billion in 2024 to US$2.49 billion by 2034.
• China, in particular, is projected to dominate the East Asia region, capturing 57.3% of the market share by 2034.
• The construction sector is set to be a key driver, with waterproofing product applications forecasted to grow at a notable 4.9% compound annual growth rate (CAGR) through 2034.
• Additionally, the automotive industry is poised to play a significant role, with sales of waterproofing chemicals projected to reach US$1.23 billion by 2034.
• South Korea's market is expected to witness robust expansion, with a forecasted CAGR of 6.2% through 2034, indicative of the region's promising growth potential in the waterproofing chemical sector.

“Regular maintenance is essential for preserving the integrity of structures. Growing emphasis on inspections and repairs to ensure long-term protection of infrastructure elements is driving waterproofing chemical market growth,” says a Fact.MR analyst.

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Growing Use of Waterproofing Chemicals Across Various Sectors

Waterproofing chemicals are increasingly being utilized in multiple sectors to enhance performance and durability. In the construction industry, these chemicals are essential for safeguarding roofs, foundations, basements, and walls against water damage.

In the automotive sector, waterproofing chemicals are applied to seals, gaskets, connectors, and underbody coatings to protect vehicle components, interiors, and electronics from water damage. This application improves the strength and corrosion resistance of these parts.

The textile industry also benefits from waterproofing chemicals, which are used to make fabrics and garments water-resistant or waterproof. These chemicals are applied to outdoor apparel, sportswear, workwear, tents, and technical textiles, offering protection against rain, snow, and moisture.

In the marine sector, waterproofing chemicals are crucial for protecting boats and offshore structures. Applied to hulls, decks, and other surfaces, these sealants prevent water ingress and corrosion, thereby maintaining the structural integrity of vessels and offshore installations over time.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the waterproofing chemical market, presenting historical demand data (2018 to 2023) and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based on product type (bitumen, PVC, EPDM, TPO, PTFE), technology (membranes, liquid, cementitious), and end-use industry (construction, infrastructure, automotive, textiles), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

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