The global waterproofing systems market size is projected to reach USD 85.9 billion by 2027 at a CAGR of 7.0% from 2022. Growing demand for cost effective and efficient waterproofing system is driving the demand for waterproofing system. The waterproofing systems market is also driven by the emergence of green buildings and environment-friendly waterproofing systems. Waterproofing system market is driven by the increase in demand for industrialization, urbanization and growing construction in emerging economies like Asia Pacific and South America.
The key players in the waterproofing systems market are Sika AG (Switzerland), Fosroc (UK), GCP Applied Technologies (US), Soprema (France), Mapei S.p.A (Italy), Carlisle Construction Company (US), Tremco (US), Pidilite industries (India), Saint-Gobain (France) and Henkel Polybit (UAE). These key players have emphasized on using key growth strategies such as investment & expansion, new product launch, mergers & acquisition, and partnership & agreement, between 2018 and 2022.
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Sika AG (Switzerland) is one of the leading manufacturers and distributors of waterproofing systems. The company adopted mergers & acquisitions as one of its key business strategies. For instance, in May 2022, the company acquired United Gilsonite Laboratories (UGL), a leading manufacturer of primer coating in US. This acquisition is expected to help Sika to improve its presence with major retailers and other building material stores by widening the offering.
Carlisle Construction Materials is one of the largest players in the construction industry in North America. Carlisle adopts strategies such as mergers & acquisitions, which help the company grow in the waterproofing systems market. In 2021, the company acquired Henry Company for USD 1.575 billion. This acquisition reinforced the companys growth and innovation efforts in commercial construction and increased its presence in residential construction in North America.
Fosroc (UK) is one of the top manufacture and suppliers of chemical for the construction industry globally. The company is among the key players in the waterproofing systems market. The company adopted the strategies of new product launch and investment & expansion to strengthen its competitiveness in the global waterproofing systems market. For instance, in November 2021, Fosroc introduced Polyurea WH 100 for long lasting waterproofing. In December 2021, Fosroc opened a new office at Visakhapatnam, Andhra Pradesh, India, provides Fosroc an opportunity to expand its geographical footprints in Asia Pacific.
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
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