Below-Grade Waterproofing Market by Material Type, by Membrane Type, by Position Type, by Application Type, by End-User Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025
|出版日期||內容資訊||英文 220 Pages
|地下結構防水產品的全球市場 (2020-2025年):趨勢、預測、競爭分析、成長機會 Below-Grade Waterproofing Market by Material Type, by Membrane Type, by Position Type, by Application Type, by End-User Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025|
|出版日期: 2020年06月08日||內容資訊: 英文 220 Pages||
Below-Grade Waterproofing Market by Material Type (Polymers, Bitumen, Bentonite, Rubberized Asphalt, and Others), by Membrane Type (Sheet-based and Liquid-coated), by Position Type (Positive side, Blind side, and Negative side), by Application Type (Fluid-Applied, Fully Bonded, Self-Adhered, and Loose-Laid), by End-User Type (Commercial Building, Residential Building, and Public Infrastructure), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
Below-grade (below ground level) waterproofing is one of the key technologies used in the construction industry that is now becoming an essential step to protect a structure from water. It is performed with an aim to restrict the penetration of water through any below-grade structure. Below-grade waterproofing is performed through either a sheet-based membrane or liquid-coated membrane, depending upon the type of waterproofing material. High-density polyethylene (HDPE), thermoplastic olefin (TPO), ethylene propylene diene monomer (EPDM), polyvinyl chloride (PVC), bitumen (bituminous and modified bitumen, etc.), bentonite (such as sodium bentonite), and rubberized asphalt are some of the materials, which are extensively used in below-grade waterproofing market.
Below-grade waterproofing is widely used in the public infrastructure, commercial & residential buildings in structures, such as basements, foundations, planters, tunnels, bridges, elevator pits, and drainage systems. The below-grade waterproofing market currently represents a less 20% share of the overall waterproofing market. The cost of waterproofing the structures amounts to less than 1% of the total construction cost and saves an equivalent amount or more in future repair and maintenance cost over the service life of the structure.
The outbreak of COVID-19 has severely impacted several industries across the world with the construction industry proving to be one of its biggest victims. Stringent government measures, taken by the local authorities and governments of several countries, such as the lockdown of major economies, to control to spread of the pandemic has not only paused the construction industry growth; but also caused supply chain disruptions.
The lockdown worsens the organic growth of the construction industry, which resulted in deteriorated workload activities, production halt, rising raw material cost, and project delays. Many countries have shut down their manufacturing sector that led to a sharp decrease in the production of a wide range of materials. The impact of this is quite visible in the construction industry with a shortage of materials causing higher material prices and project delays.
The World Economic Outlook by IMF in April 2020, suggests that there could be possible cumulative loss of US$ 9 trillion to global GDP from 2020 to 2021, with a decline of -3% in real GDP in 2020. IMF further states that the impact of the great lockdown to be worse than the downturn in world economic growth during the great recession in 2009. Stratview Estimates suggest that the construction industry will log a quick recovery from 2021 onwards, following similar trendlines registered during previous downturns, which, in turn, give the breath to the industry stakeholders with long-term favorable opportunities.
Increasing demand for energy-efficient buildings coupled with an expected increase in the organic growth of construction industry once the aftermath of pandemic ends, asserts positive comeback in the demand for below-grade waterproofing, taking the global market to reach US$ 1.4 billion by 2025, offering good growth opportunities for the market participants as well as investors in the long run.
The below-grade waterproofing market is firstly segmented based on the material type as polymers, bitumen, bentonite, rubberized asphalt, and others. The polymer is expected to remain the most dominant material type in the below-grade waterproofing market during the forecast period of 2020 to 2025. From 2021 onwards, the polymers segment is likely to recover at the fastest pace till 2025. The high synthetic polymer production to support rising population and urbanization, an introduction of a high-performance below-grade waterproofing system and a gradual shift from bitumen to synthetic polymers are the major growth drivers of the segment over the long run.
Based on the membrane type, the market is segmented as sheet-based waterproofing and liquid-coated waterproofing. The sheet-based membrane is expected to remain the larger type in the below-grade waterproofing market during the forecast period. Increasing usage of breathable waterproofing membranes and environmentally safe products would remain the major factors for the higher growth of sheet-based below-grade waterproofing membranes in the long run.
Based on the position type, the market is segmented as a positive side, negative side, and blindside. The positive side is projected to remain the dominant segment of the below-grade waterproofing market over the next five years, whereas the blind side is likely to be the faster-growing segment, driven by its suitability with zero property line application.
Based on the end-user type, the market is segmented as commercial building, residential building, and public infrastructure. The commercial building is expected to remain the dominant segment of the below-grade waterproofing market during the forecast period. The expected increase in construction activities of high-rise buildings coupled with the increasing preference of waterproofing systems in foundations and basements are the major growth drivers of the market in the commercial building segment. The residential, as well as public infrastructure segments, are also expected to create sizeable opportunities during the same period.
Among regions, in 2020, Asia-Pacific is expected to witness the least decline in the demand for below-grade waterproofing. The region is also likely to remain the largest below-grade waterproofing market during the forecast period. The region is also expected to log the fastest recovery during the same period. The expected increase in investment in the construction sector post-pandemic, along with continued growth in the construction and infrastructure sector in emerging Asian economies, such as China and India, will drive the demand for the below-grade waterproofing in the region in the long run.
North America and Europe, other major markets, are also likely to experience a hefty decline in the demand for below-grade waterproofing in 2020. The North American market is anticipated to recover at the least pace compared to other regions. In Europe, Germany, France, and the UK are the major markets for below-grade waterproofing, facing a significant decline in the demand in 2020; with the UK is expected to suffer the biggest decline in the European as well as the global market in 2020 due to the pandemic.
The supply chain of this market comprises raw materials suppliers, below-grade waterproofing manufacturers, distributors, and contractors. The key below-grade waterproofing system manufacturers are GCP Applied Technologies, Sika AG, RPM International Inc., Carlisle Companies Inc., BASF SE, Mineral Technologies Inc., Soprema Group, Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Jiangsu Canlon Building Materials Co., Ltd., Keshun Waterproof Technology Co., ltd., and Henry Company. Developing high-performance below-grade waterproofing systems, expanding geographically, and executing mergers & acquisitions are the key strategies adopted by the key players to gain a competitive edge in the market.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research's internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles, have been leveraged to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The following are the key features of the report:
The below-grade waterproofing market is segmented into the following categories.