The global waterproofing chemicals market size was US$ 28.1 billion in 2021. The global waterproofing chemicals market is forecast to grow to US$ 71.57 billion by 2030 by registering a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2022 to 2030.
A waterproofing chemical is a man-made substance that prevents water from penetrating and flowing through a structure. Extreme water penetration in buildings can decrease their life span and cause damage to the structure. Apart from that, it also develops electrical, metal, and other structural risks, which significantly raises the demand for waterproofing chemicals. Moreover, waterproofing a building or a substrate has numerous benefits. For instance, it lowers construction maintenance costs and makes it a more durable structure. It also protects the building from harsh weather conditions.

Factors Influencing the Market
Waterproofing chemicals are commonly used to protect buildings from water seepage that substantially reduces the lifespan of a structure. In addition, leakage can pose electrical, metal, and health hazards. Thus, the vital applications of waterproofing chemicals will primarily drive the growth of the market.
Government initiatives to boost urbanization and provide homes to population will also contribute to the growth of the global waterproofing chemicals market. Furthermore, the chemical also finds a wide range of applications in the textile and fabric industry, which will offer lucrative growth opportunities for the market.
Growing disposable income of the middle-class population will benefit the market. In addition to that, rising awareness related to product quality and the benefits of waterproofing will drive the global waterproofing chemicals market forward.
Growing building and construction activities in developing countries will also benefit the market during the study period.

COVID-19 Impact Analysis
Due to the COVID-19 pandemic, the demand for waterproofing chemicals declined. The governments of the COVID-19 impacted countries imposed strict lockdowns. As a result, it hampered the growth of the market. In addition to that, the shortage of laborers and raw materials declined the range of construction activities. As a result, it hampered the growth of the global waterproofing chemicals market.

Regional Analysis
The Asia-Pacific waterproofing chemicals market is forecast to hold the highest market share due to rising government spending on infrastructure construction, majorly in India, China, Indonesia, and Malaysia. The growing range of infrastructure projects will also contribute to the growth of the waterproofing chemicals market. In India, government initiatives, such as "100 smart cities" and "Housing for All by 2022" are expected to offer ample growth opportunities for industry players.

Competitors in the Market
Pidilite Industries Ltd
BASS
Polygel Industries
ExxonMobil Chemicals
Dow Chemical Company
E.I. DuPont De Nemours & Co
Mitsubishi Chemical Holdings Company
Toray Industries
Evonik Industries
Eastman Chemical Company
Choksey Chemicals Pvt Ltd
Trinseo Europe GmBH
Estop Group
Other Prominent Players

Market Segmentation
The global waterproofing chemicals market segmentation focuses on Product, System, Application, and Region.
By Product:
Bitumen
Elastomers
PVC
TOP
EPDM
By System/Technology:
Preformed Membrane
Coatings & LAMs
Integral Systems
By Application:
Roofing & walls
Floors & basements
Waste & water management
Tunnel liners
Others
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
Rest of South America