Summary

The construction industry in South America now includes a vibrant and important sector dedicated to waterproofing chemicals. Effective waterproofing is a crucial requirement for the building of residential, commercial, and infrastructure projects in South America because of its distinct climate, which features high rainfall, tropical storms, and extreme temperature changes. South America is renowned for having a wide variety of climates, from tropical rainforests in the east to dry regions in the west. This variation has elevated waterproofing to the top of the list of priorities for construction projects all throughout the continent. The market for residential and commercial real estate in South America has increased due to the region's fast urbanization, infrastructural expansion, and middle-class population growth. The need for high-performance waterproofing solutions has increased as a result of the development boom. Governments in South American nations have been making significant investments in the construction of public facilities, such as highways, bridges, tunnels, and bridges. Chemicals used in waterproofing are crucial for preventing water damage to these important assets. The importance of sustainable and eco-friendly waterproofing solutions is rising. Eco-friendly and low-VOC products are becoming more popular, matching the goals of global sustainability. UV rays are extremely strong in many parts of South America. In order to ensure that they can withstand prolonged sun exposure without degrading or losing their effectiveness, waterproofing compounds are frequently created with UV-resistant characteristics. Extreme weather conditions, such as hurricanes, powerful storms, and floods, frequently occur in South America. In order to offer resilience in the face of these natural calamities, waterproofing chemicals offer protection against water infiltration during unfavourable weather conditions. Algal and fungal growth on surfaces can be facilitated by high humidity and frequent rains. In South America, waterproofing agents frequently contain additives that prevent the development of mold, mildew, and algae, preserving the structural integrity and aesthetic appeal of buildings.

According to the research report, “South America Waterproofing Chemicals Market Outlook, 2028” published by Bonafide Research, the market is expected to add more than USD more than 740 Million from 2023 to 2028. Residential structures and significant infrastructural projects are being undertaken in South America. Builders and contractors can select the best materials for each project thanks to the versatility and adaptability of waterproofing chemicals, which may be used in a variety of applications, including foundations, below-grade buildings, walls, and roofs. Various building supplies and substrates can be found in South America. Concrete, metal, wood, and masonry are just a few of the many surfaces that waterproofing chemicals are made to work with. This ensures that different sorts of structures are all effectively protected. Saltwater exposure presents problems for South American coastal locations frequently. These regions use water-repellent substances that are made to withstand the corrosive effects of seawater, providing long-term protection for coastal structures. South America is located in a seismically active region; hence, earthquake resistance is an important issue. Some waterproofing chemicals can provide more flexibility to tolerate structural movements during seismic events without impairing their waterproofing qualities. Smart waterproofing solutions have emerged in South America. Sensors and monitoring technology are used in these systems to offer real-time data on the state of the waterproofing layers. They can detect leaks, moisture levels, and other possible problems, enabling preventative maintenance and a quicker reaction to water-related situations. Self-healing coatings have been created to repair slight damage to waterproofing layers automatically. When fractures or punctures occur, these coatings have the potential to seal themselves, preserving the waterproofing system's integrity over time. Waterproofing compounds have benefited from nanotechnology. Nanoparticles are used to improve the performance of coatings and membranes. These nanoparticles can improve water repellency, increase durability, and provide additional UV radiation protection.

Based on report market is majorly divided into three major countries Brazil, Argentina and Colombia. Among them Brazil is expected to lead the market of South America during the forecast period.

Brazil's varied topography, which includes tropical rainforests, coastal areas, and dry parts, creates a complex combination of environmental challenges that require the use of waterproofing in construction projects. Rapid urbanization, infrastructure expansion, and a growing awareness of the importance of waterproofing to maintain the integrity and longevity of buildings and infrastructure have all contributed to significant growth in the industry. Brazil's government's investment in large-scale projects, including transportation networks, stadiums, and public facilities, has increased demand for waterproofing chemicals to protect these vital assets from moisture infiltration and damage. Furthermore, with a growing emphasis on environmentally friendly and energy-efficient building procedures, sustainability has arisen as a critical concern in Brazil. Brazil's tropical climate, with its high heat and humidity, presents challenges for waterproofing. Brazilian manufacturers have developed waterproofing chemicals and systems that function well in hot and humid regions, ensuring that structures remain secure even under poor weather conditions. Waterproofing solutions are required in regions near the Amazon rainforest to combat heavy rainfall and continuous moisture exposure. Brazilian waterproofing solutions are usually designed to withstand the unique challenges of the rainforest environment, such as excessive humidity and rainfall. Brazil commonly uses locally sourced building materials such as concrete and stone. Waterproofing chemicals are purpose-built to work with these materials, ensuring compatibility and long-term performance. Flooding is common in Brazil, particularly in low-lying areas.

In terms of 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.). Thermoplastic polyolefin (TPO) chemical type is predicted to grow at fastest rate in South America.

TPO is well-known for its long life and resistance to external influences. South America's varied climate necessitates waterproofing technologies that can endure strong UV exposure, heavy rainfall, and temperature fluctuations. TPO membranes perform admirably in this area, with a long service life and negligible degradation over time. TPO membranes are generally simple to install, which appeals to building experts looking for cost-effective and efficient options. The ease of installation can result in faster project schedules and lower labor costs, making TPO an appealing option for South American builders. TPO membranes are reflective, which means they can reflect a large percentage of the sun's rays. In hot climates, such as areas of South America, this reflecting characteristic helps reduce heat absorption by the building's roof. As a result, TPO improves energy efficiency by lowering cooling costs and generating more comfortable interior spaces. TPO membranes are frequently laid seamlessly and monolithically, decreasing the danger of water entry through seams or joints. This is especially important in areas prone to severe rain and potential leaks. TPO's low environmental impact and recyclability coincide with green building aspirations in South America, where there is a rising emphasis on sustainable construction approaches. TPO membranes are environmentally benign, making them an excellent choice for environmentally conscious builders and developers.

Based on technology market is segmented into integral systems, preformed membranes, and coatings & liquid applied membrane systems. Furthermore based on application market is divided 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.).

Preformed membranes are available in ready-to-install sheets or rolls, making them easier and faster to install than conventional waterproofing technologies. This ease of installation decreases labor costs and project timeframes, which is very appealing to South American construction professionals. Preformed membranes are built to survive tough environmental conditions such as UV rays, extreme temperatures, and moisture exposure. This resilience is critical in South America, where buildings and infrastructure are frequently subjected to a variety of harsh weather conditions. Preformed membranes are adaptable and can be utilized for a variety of applications, such as roofing, below-grade waterproofing, and foundation protection because of their versatility, they are appropriate for a wide range of South American construction projects. Floor and basements application is expected to register highest CAGR in South America waterproofing chemicals market. South America is rapidly urbanizing, resulting in increased commercial and residential building construction. Basements and floors are essential components of these structures, and as cities grow, there is a greater need for adequate waterproofing in these applications. South America's real estate market has been booming, with an increase in development projects such as high-rise buildings and residential complexes. Many of these developments have basements or underground parking areas, necessitating the use of dependable waterproofing to prevent water intrusion. Large floor spaces and basements are common in commercial and industrial structures for storage, manufacturing, or parking. Keeping these rooms dry and free of water damage is critical for corporate operations, which drives the demand for waterproofing solutions.

Recent Developments:

• December 2022 - BASF SE announced the launch of a new line of waterproofing chemicals specifically designed for the South American market. The new products were based on BASF's latest innovations in polymer technology and offered superior performance in terms of water resistance, durability, and sustainability.

• December 2022 - Dow Chemicals Company announced a partnership with the Colombian government to develop new and innovative waterproofing solutions for the country's infrastructure sector. The partnership focused on developing solutions for waterproofing bridges, roads, and other critical infrastructure assets.

• September 2023 - Mapei S.p.A. announced the opening of a new production plant in Argentina. The new plant will produce a wide range of waterproofing chemicals, including bituminous membranes, cementitious waterproofing systems, and polyurethane coatings.


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, Eastman Chemical Company, Henkel AG & Co. KGaA, Compagnie de Saint-Gobain S.A., Soprema Group, Toray Industries

Considered in this report:

• Geography: South America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• South America 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:

• Brazil
• Argentina
• Colombia

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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