Waterproofing forms an impenetrable barrier against water that prevents buildings and other infrastructure from water damage like leakages and seepage. It prevents integral parts of the infrastructure like the foundation, walls, and roofs, among others from not just damage from water but also corrosion and chemical damage. Thus, it helps maintain the structural integrity of the buildings and prolongs their lives. The various materials for waterproofing available in the market are:
- Liquid Membrane
- Bituminous Coating
- Polyurethane Membrane
- Epoxy
- Acrylic
- Cementitious Membrane
- Bituminous Membrane
- Thermoplastic Membrane (PVC, Others)
- Others
Due to their higher efficiency and lower cost along with product innovations, liquid membranes are one of the leading waterproofing types. Waterproofing primarily finds its application in the construction industry to waterproof structure parts like roofs, balconies, parking decks, tunnel liners, and bridges and highways, among others. Roofs are the major application sector since they are particularly in danger of water and chemical damage and are also susceptible to climate changes.
With the volume of construction output expected to grow by 85% to USD 15.5 trillion worldwide by 2025, with three countries, China, US and India, leading the way and accounting for 57% of all global growth, the market is projected to see further growth at a CAGR of 9.2%. The Latin America waterproofing market is expected to grow during the forecasted period of 2020-2025. The market in Latin America is largely driven by the rising demand in the rapidly growing construction industry in the region.
Market Analysis
The waterproofing market globally is being driven by a growing demand from the infrastructure and construction industry. The rising demand in end-use sectors like waste and water management and mining industry are providing further impetus to the market.
The Latin American region is led by countries like Brazil, Colombia, Venezuela, and Argentina due to the rising urbanization and increasing disposable income among the middle class. The waterproofing market in these countries are aided by the growing government expenditures on infrastructure ventures. Brazil, in particular, is an important market and leads in the demand for waterproofing membranes. With the waterproofing products subject to various innovations in the region, the Brazilian market is expected to continue growing in the forecast period of 2020-2025.
Competitive Landscape
The waterproofing market report analyses the following key players in the Latin America waterproofing market, including their market share, capacity and latest developments like expansions of capacity, plant turnarounds, and mergers and acquisition:
- BASF SE
- DowDuPont Inc.
- Wacker Chemie AG
- Akzo Nobel N.V.
- Evonik Industries AG.
- Sika AG
- W.R. Grace & Co.
- Pidilite Industries Limited
EMR’s comprehensive report provides a detailed insight into the market by providing a SWOT analysis along with an analysis of Porter’s Five Forces.
Reference
https://www.expertmarketresearch.com/reports/latam-waterproofing-market
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