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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Chile Waterproofing Market Outlook
The Chile waterproofing market size reached a value of USD 181.77 million in 2023. During the forecast period of 2024-2032, the market is expected to grow at a CAGR of 4.6% to reach a value of around USD 270.87 million by 2032.
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Key Trends in the Market
Waterproofing is done to prevent water from penetrating a building or any other infrastructure and causing harm. It forms an impenetrable barrier that shields the infrastructure from leaks and water seepage during wet weather. Buildings are protected from water damage and have an extended lifespan when their surfaces, such as their roofs, walls, foundations, and other components essential to sustaining the structural integrity of the building, are made waterproof. Additionally, waterproofing can protect buildings from corrosion and chemical harm.
- Increasing applications in a variety of construction projects, including residential, and commercial, are driving the Chile waterproofing market expansion. Growing construction activities as a result of Chile's expanding population have given the waterproofing market additional momentum.
- It is projected that growing demand from the waste and water management industry and expanding infrastructure construction for water conservation will have a positive impact on market growth. Adoption of innovative materials like geomembranes, along with increasing consumer awareness of the benefits of waterproofing, are anticipated to further increase demand for the market in the foreseeable future.
- The Chile waterproofing market is projected to expand in the upcoming years due to factors like reduced manufacturing costs of waterproofing materials and rising mining activity in different places, resulting in increased demand for waterproofing.
- The waterproofing market will also benefit from advances in liquid membrane technology and an increase in research and development efforts aimed at lowering production costs. The expansion of the waterproofing membrane market in Chile is projected to be driven by government initiatives for the improvement of infrastructure. Regional growth could be boosted by an increase in government spending on residential and non-residential projects along with increased competition from competitors.
Chile Waterproofing Market Analysis
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Based on type, the market is segmented into liquid membrane, cementitious membrane, bituminous membrane, and thermoplastic membrane, among others. Liquid membrane is sub-divided into bituminous coating, polyurethane membrane, epoxy, and acrylic. The market is divided on the basis of application into roofs and balconies, water management, bridges and highways, and landfill, and tunnels, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Chile waterproofing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Saint-Gobain
- Sika Group
- Mapei Group
- GCP Applied Technologies Inc.
- Wacker Chemie AG
- Penetron International, Ltd.
- SITURA Inc.
- Others
Market Share by Type
The liquid membrane market segment is predicted to dominate the Chile waterproofing market growth during the forecast period. The growth of this segment can be attributed to increased consumer awareness of the benefits of liquid membranes for waterproofing, particularly its affordability and simplicity of installation.
In addition, it is anticipated that during the upcoming time, demand for liquid applied membranes will increase due to growing infrastructure for water treatment and conservation. They possess exceptional mechanical, physical, and elongation capabilities as well as tensile strength.
The great resilience and toughness of liquid membranes enables them to fill structural cracks and shrinkage in concrete, which will benefit market trends for waterproofing. Among liquid membranes, demand is anticipated to expand significantly in terms of volume during the forecast period for bituminous coatings due to its distinctive qualities, such as strong resistance to ageing and weathering.
Market Share by Application
During the forecast period, the Chile waterproofing market development is anticipated to be led by the application segment for roofs and balconies. The growth of the segment can be attributed to the expanding residential house development in the country. Additionally, demand for sheet membranes for roofing is anticipated to drive the market for the category over the next few years due to the high exposure of roofs and balconies to rainwater and environmental moisture.
The demand for roof-grade sheet membranes is rising rapidly as a result of the need to protect building roofs from environmental moisture and precipitation. Sheet membranes are ideal for roofing because of their high strength and elongation capabilities, as well as resistance to heat, ageing, UV radiation, weathering, ozone, acids, alkalis, and solvents. They support strong adhesion to a variety of brick and concrete building materials and span fissures. Additionally, demand is being fuelled by building owners' increased demand for multi-layer roof protection solutions.
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Competitive Landscape
Saint-Gobain, with its global headquarters in France, employs more than 166,000 people and operates in 75 nations as a leader in sustainable and light construction. Saint-Gobain creates, produces, and sells products and services for the industrial and construction sectors. Through a continual innovation process, it develops integrated solutions that are sustainable and perform well for the renovation of public and private buildings, light construction, and the decarbonisation of the industry.
Sika Group was formed in 1910 and is a leader in the development and manufacture of systems and solutions for bonding, strengthening, sealing, damping, and protecting in the construction sector and automotive industry.
Mapei Group was established in Milan in 1937 and is one of the world's top producers of adhesives and chemical goods for the construction sector. MAPEI has emerged as a global leader in the production of mortars, adhesives, grouts, sealants, waterproofing agents, concrete additives, and other speciality goods for the construction sector.
Other market players include GCP Applied Technologies Inc., Wacker Chemie AG, Penetron International, Ltd., and SITURA Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market for waterproofing in Chile attained a value of nearly USD 181.77 million.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 270.87 million by 2032.
The major drivers of the market include the increasing applications in various end-use industries, growing population, rising mining activities, and an increase in government spending for residential and non-residential projects.
Key trends propelling the growth of the market include increasing development of water conservation infrastructure, improvement of existing infrastructure, and rising popularity of liquid membranes.
The major players in the Chile waterproofing market are Saint-Gobain, Sika Group, Mapei Group, GCP Applied Technologies Inc., Wacker Chemie AG, Penetron International, Ltd., and SITURA Inc., among others.
Liquid membrane is considered the best type of waterproofing. It can be applied smoothly and permeates the surface equally. The membranes seal even the tiniest fractures in concrete, reducing the material's capacity to absorb water.
Making an item or structure watertight or water-resistant, or capable of resisting the intrusion of water under predetermined circumstances, is known as waterproofing.
Ideally waterproofing is done during the initial construction process before the components would be exposed to water or other weather conditions. Waterproofing can also be done after a building has been constructed, but there is risk that some water damage may have already occurred prior to waterproofing.
Structural waterproofing refers to techniques and approaches for waterproofing any structure, such as underground or below-ground building structures.
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