Waterproofing Systems Market worth $72.0 billion by 2025 - Exclusive Report by MarketsandMarkets

CHICAGO, Sept. 18, 2020 /PRNewswire/ -- According to the new market research report "Waterproofing Systems Market by Type (Waterproofing membranes, Waterproofing Chemicals, and Integral Systems), Application (Building Structure, Roofing & Walls, Roadways, Waste & Water Management), and Region - Global Forecast to 2025", published by MarketsandMarkets, the global Waterproofing Systems Market size is estimated at USD 52.7 billion in 2020 and is projected to reach USD 72.0 billion by 2025, at a CAGR of 6.4%.

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The demand for waterproofing systems in emerging economies, such as APAC, MEA, and South America, is increasing owing to the growth in the construction industry. The fluctuation in raw material prices is challenging the Waterproofing Systems Market. The demand for waterproofing systems is rising, owing to the growing demand for cost-effective and efficient waterproofing materials. This increase in demand for environment-friendly waterproofing systems and the construction of green buildings provide growth opportunities to the market. On the other hand, the potential health and environmental issues are the major restrain for the market.

Based on the application, the building structure segment is estimated to lead the overall Waterproofing Systems Market in 2020.

Waterproofing of building structures provide effective and long-term protection form these exposures and ensure efficient protection of building structures. Building structures are areas excluding roofs and walls such as balconies, basements, foundations, retaining walls, storage rooms, belowground constructions, and others. Growth in demand for residential and commercial construction in emerging economies such as China, India, Indonesia, Chile, Nigeria, and others is driving the consumption of waterproofing systems in building structures.