Summary

The Asia-Pacific Waterproofing Chemicals Market has a distinct set of traits and specialties that set it apart as a vibrant and quickly growing sector of the global construction industry. One of its most notable characteristics is its sheer vastness and diversity, with a plethora of countries with diverse climates, construction practices, and regulatory landscapes. Rapid urbanization and population growth are driving an unparalleled infrastructural boom in the region. The building of highways, bridges, tunnels, airports, and high-rise structures is increasing demand for waterproofing chemicals. Furthermore, the market places a premium on the upkeep and retrofitting of existing infrastructure. Seismic activity is common in several Asia-Pacific countries. Waterproofing chemicals are frequently designed not simply to offer effective waterproofing but also to improve performance, enhance the resilience of structures during earthquakes, and protect against water damage in the event of seismic events. Environmental awareness is growing throughout Asia and the Pacific. The industry has seen an increase in demand for environmentally friendly waterproofing solutions, such as low-VOC products, and those that contribute to green building certifications like LEED and BREEAM. Asia-Pacific coastal locations face the issues of saltwater exposure and typhoons. Waterproofing chemicals are made to withstand saltwater corrosion, making them ideal for safeguarding coastal infrastructure, including ports and coastal structures. The region is rapidly becoming a center of innovation for waterproofing solutions. In order to fulfill changing building needs, research and development efforts are focused on developing sophisticated materials such as self-healing coatings, smart waterproofing systems, and nanotechnology-based solutions. Asia-Pacific is home to some of the world's most populous and quickly rising cities. The demand for waterproofing in highly populated urban regions, particularly in high-rise buildings, has inspired improvements in urban construction waterproofing methods. The rapid economic expansion in various Asian countries, particularly China and India, has resulted in increased expenditures on construction and infrastructure projects. This expansion has been a driving force behind the demand for waterproofing solutions.

According to the research report, “Asia-Pacific Waterproofing Chemicals Market Outlook, 2028” published by Bonafide Research, the market is anticipated to grow at more than 9% CAGR from 2023 to 2028. Smart waterproofing systems with sensors and monitoring technology have emerged in Asia-Pacific. These systems provide real-time information on the state of waterproofing layers, detecting leaks, moisture levels, and potential problems. They allow for preventative maintenance and rapid solutions to water-related issues, which is critical in a region prone to severe rains and natural disasters. High-performance membrane technologies have been developed to meet unique Asia-Pacific needs, such as water pressure resistance, root penetration (essential for green roofs), and long-term durability. These membranes provide high water intrusion protection and can tolerate extreme weather conditions. Green roofs and rooftop gardens are becoming increasingly popular in Asia's heavily populated cities. Waterproofing chemicals have been modified to assist these environmentally friendly building approaches, guaranteeing that the underlying structures are not compromised. The construction and real estate industries are important drivers of demand for waterproofing chemicals. Rapid urbanization, population growth, and infrastructural development have resulted in a surge in the construction of residential, commercial, and industrial structures. Waterproofing is vital for protecting these structures from water damage and extending their lifespan. The Asia-Pacific region is experiencing a rise in infrastructure development, including the construction of motorways, bridges, tunnels, airports, and public transportation systems. Waterproofing chemicals are vital for ensuring the longevity and safety of these critical infrastructure projects. Manufacturing, petrochemicals, and mining industries frequently require specialist waterproofing systems to safeguard their facilities and equipment from water infiltration and chemical exposure. The waterproofing of industrial floors, tanks, and storage facilities is critical in these industries.

Based on report market is categorized into five major countries China, Japan, India, Australia and South Korea. India is expected to grow at fastest rate in Asia-Pacific waterproofing chemicals market.

The construction sector in India has been rapidly expanding as a result of urbanization, population growth, and increased infrastructural development. Waterproofing chemicals are in high demand due to the development of residential, commercial, and industrial buildings, as well as infrastructure projects. Government programs such as "Make in India" and the "Smart Cities Mission" have boosted infrastructure and building projects significantly. These initiatives seek to modernize cities and improve urban infrastructure, resulting in a greater demand for waterproofing solutions to ensure the long-term viability of these projects. With millions of people relocating to cities, India is facing a major urbanization surge. This tendency is propelling the development of residential complexes and commercial spaces, all of which require effective waterproofing to prevent water damage in highly populated metropolitan regions. Green building practices are progressively being adopted in India in order to reduce environmental impact and enhance energy efficiency. Waterproofing chemicals that comply with LEED (Leadership in Energy and Environmental Design) certifications are in great demand. Waterproofing is required for investment in vital infrastructure sectors such as transportation, including highways and airports, and energy, including solar and wind projects, to protect these assets against water intrusion and corrosion. In India, there is a growing demand for low-cost, high-quality housing. Waterproofing chemicals are required for residential construction to protect dwellings from water damage and to maintain structural integrity.

Based on product type market is divided into bitumen (SBS bitumen, APP bitumen, others), thermoplastic polyolefin (TPO), polyvinyl chloride (PVC), elastomers, ethylene propylene diene terpolymer (EPDM), polytetrafluoroethylene (PTFE) and others (acrylics, silicone, polyurethane (PU), etc.). Bitumen chemical is expected to lead the market of Asia-Pacific.

Bitumen-based waterproofing chemicals are extremely versatile and can be utilized in a variety of applications, such as roofing, subsurface waterproofing, road construction, and bridge decks. Because of their versatility, they are suited for a wide range of construction projects, which contributes to their market leadership. The Asia-Pacific region has a diverse climate, ranging from monsoons and heavy rains to arid deserts. Bitumen-based compounds can be tailored to meet specific climate needs, resulting in waterproofing solutions that function well in a variety of weather circumstances. Bitumen is less expensive than alternative waterproofing materials. This cost-effectiveness appeals to building professionals and developers, particularly in emerging economies where cost considerations are important. Bitumen-based products are intended to meet or surpass local building norms and waterproofing standards. This compliance gives builders and property owner’s assurance that they are employing materials that meet safety and quality standards. Bitumen-based materials are appropriate for retrofitting and restoring older buildings, which is prevalent in places with historic architecture or urban redevelopment. Bitumen can be utilized in conjunction with a variety of construction materials, including concrete, steel, and insulation, making it an adaptable alternative for waterproofing systems involving several building components.

Based on technology market is bifurcated into integral systems, preformed membranes, and coatings & liquid applied membrane systems. Furthermore based on application market is categorized into roofing & walls, floors & basements, bridge & highways, waste & water management, tunnel & landfills and others (dams and reservoirs, underground vaults, fountains and water features, elevator pits, cisterns, etc.).

PTFE is chemically resistant, making it an excellent choice for waterproofing applications in industrial and chemical processing facilities. In Asia-Pacific, where industries such as manufacturing and petrochemicals are important, there is an increasing demand for waterproofing systems that can tolerate chemical exposure. PTFE is non-reactive and highly corrosion-resistant, which is essential for structures and equipment placed in coastal or corrosive environments. As coastal locations in the Asia-Pacific continue to develop, so does the demand for waterproofing materials that can withstand saltwater damage. PTFE has a high temperature tolerance and remains stable at extreme temperatures, both high and low. This trait is useful in areas with varying climates, such as sections of the Asia-Pacific, where temperature extremes can occur. In terms of application there is significant increase in demand for waterproofing chemicals in bridge and highway application in Asia-Pacific region. Asia-Pacific is seeing rapid infrastructure development, including the construction and extension of bridges and highways to suit expanding populations and increased transportation needs. As new infrastructure projects are launched, there is a great demand for waterproofing solutions to protect these essential assets. Bridges and highways are subjected to strong traffic loads, harsh weather conditions, and environmental variables such as moisture and UV radiation. Waterproofing chemicals increase the longevity and durability of these structures by preventing water infiltration and the accompanying damage, such as corrosion and concrete degradation. The region's expanding population and urbanization require the extension and retrofitting of existing infrastructure. Waterproofing is frequently required to maintain the integrity of old bridges and roadways, thereby extending their service lives.

Companies Covered in this report:

The Dow Chemical Company, BASF SE, Wacker Chemie AG, Sika AG, H.B. Fuller, Thermax Ltd, Bostik, Pidilite Industries Limited, Mapei S.p.A., Evonik Industries AG, RPM International Inc, Fosroc International Ltd., Eastman Chemical Company, Henkel AG & Co. KGaA, Compagnie de Saint-Gobain S.A., Chembond Chemicals Limited, Soprema Group, Toray Industries.

Considered in this report:

• Geography: Asia-Pacific
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Asia-Pacific Waterproofing Chemicals market Outlook with its value and forecast along with its segments
• Country-wise Waterproofing Chemicals market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• China
• Japan
• India
• Australia
• South Korea

By Product Type:

• Bitumen (SBS Bitumen, APP Bitumen, Others)
• Thermoplastic Polyolefin (TPO)
• Polyvinyl Chloride (PVC)
• Elastomers
• Ethylene propylene diene terpolymer (EPDM)
• Polytetrafluoroethylene (PTFE)
• Others (Acrylics, Silicone, Polyurethane (PU), etc.)

By Technology:

• Integral Systems
• Preformed Membranes
• Coatings & Liquid Applied Membrane Systems

By Application:

• Roofing & Walls
• Floors & Basements
• Bridge & Highways
• Waste & Water management
• Tunnel & Landfills
• Others (dams and reservoirs, underground vaults, fountains and water features, elevator pits, cisterns, etc.)

The approach of the report:

This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Waterproofing Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.









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