Waterproofing Products Market Share

Segmentation Analysis:

Residential Segment:

The residential segment is one of the key segments in the waterproofing products market. It includes products used in residential buildings such as houses, apartments, and condominiums. Within this segment, the sub-segment of roof waterproofing stands out with its significant market share. Roof waterproofing products provide protection against water infiltration and prevent damage caused by moisture, thereby ensuring the longevity of the residential structure. The increasing awareness among homeowners regarding the importance of roof waterproofing in preventing leaks and mold growth has contributed to the growth of this sub-segment.

Commercial Segment:

The commercial segment encompasses waterproofing products used in various commercial structures, including office buildings, retail outlets, and hotels. Among the sub-segments in this segment, the demand for below-grade waterproofing has witnessed significant growth. Below-grade waterproofing involves protecting the foundation and below-ground structures from water intrusion. With the increase in commercial construction activities, including the construction of shopping malls, industrial complexes, and infrastructure projects, the need for effective below-grade waterproofing has become crucial to prevent structural damage.

Industrial Segment:

The industrial segment includes waterproofing products utilized in industrial facilities, such as manufacturing plants, chemical plants, and warehouses. Within this segment, tanking systems have gained prominence. Tanking systems provide a waterproof barrier to structures that are constantly exposed to high moisture, chemicals, or other environmental factors. These systems protect industrial facilities against leakages and corrosion, preventing damage to equipment and ensuring a safe working environment. The growing manufacturing sector and the need to comply with regulatory requirements for safety and protection have propelled the demand for tanking systems in the industrial segment.

Competitive Landscape:

The waterproofing products market is highly competitive, with several key players striving to gain a significant market share. Some of the prominent companies operating in this market include ABC Waterproofing, BASF SE, Carlisle Companies Inc., Dow Chemical Company, Drizoro S.A.U., GCP Applied Technologies Inc., Kemper System America Inc., RPM International Inc., Sika AG, and Tremco Incorporated. These companies are continually focusing on product innovation, strategic collaborations, and mergers and acquisitions to gain a competitive edge in the market. The market players are also investing in expanding their distribution networks to enhance their market presence and cater to the growing demand for waterproofing products across various regions.