Base Year
Historical Year
Forecast Year
The Latin America waterproofing market stood at a value of USD 2.4 billion in 2023. The market is further expected to grow at a CAGR of 5.3% in the forecast period of 2024-2032, to reach a value of USD 4.5 billion in 2032.
| Latin America Waterproofing Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 2.4 |
| Market Size 2032 | USD Billion | 4.5 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.3% |
| CAGR 2024-2032 - Market by Country | Brazil | 5.6% |
| CAGR 2024-2032 - Market by Country | Mexico | 5.4% |
| CAGR 2024-2032 - Market by Application | Roofing and Walls | 6.1% |
| CAGR 2024-2032 - Market by Type | Bituminous Membrane | 6.0% |
| Market Share by Country 2023 | Brazil | 32.5% |
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The growth of the Latin America waterproofing market is expected to grow during the forecasted period of 2024-2032. The market in Latin America is largely driven by the rising demand in the rapidly growing construction industry in the region.
Due to their higher efficiency and lower cost along with product innovations, liquid membranes are one of the leading waterproofing types. Roofs are the major application sector since they are particularly in danger of water and chemical damage and are also susceptible to climate change.
The demand of waterproofing market in Latin America is globally 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 industry.
| 2023 Market Share by | Country |
| Brazil | 32.5% |
| Mexico | XX% |
| Argentina | XX% |
| Colombia | XX% |
As per the Latin America waterproofing market dynamics and trends, Shalimar Paints Ltd. announced the launch of Zero Damp Advance and Zero Damp Smart, two new products in the Home Protect Waterproofing range, in July 2024. These products offer superior protection against seepage as well as a warranty of 12 years.
As per the Latin America waterproofing industry analysis, the growth of the residential sector in countries such as Mexico, Argentina, and Brazil are contributing to the demand for waterproofing to safeguard the buildings from damage and provide extended life span. According to National Institute of Statistics and Geography (INEGI), In April 2024, the residential construction figure in Mexico stood at 139,951 units. In May 2024, it slightly increased to 140,129 units. In June 2024, there was a further minor increase, reaching 140,878 units.
Additionally, as per National Institute of Statistics and Geography (INEGI), in May 2022, there was a decrease of 0.99% in the total construction value in Mexico. June 2022 saw a further decline of 0.89%. In July 2022, the market expanded to 1.97%, which contributed to the growth of the Latin America waterproofing industry. However, in August 2022 a negative growth was seen with 1.13. There was an uptick in September 2022, October 2022 and November 2022 with 1.57%, 0.47% and 3.53% increases respectively. December 2022 showed a minor decrease of 0.01%. The trend reversed in January 2023, with a modest rise of 0.87%. In February 2022, the value dipped again by 1.15%. March 2023 followed with an increase of 1.82%. In April 2023, there was a 2.29% increase. A significant surge occurred in May 2023, where the construction value jumped by 7.82%.
Brazil experienced modest economic growth in 2019 at 1.2% which aided the Latin America waterproofing industry revenue. However, in 2020, the economy contracted significantly by -3.3% due to the impact of the COVID-19 pandemic. The subsequent years showed a robust recovery, with a sharp increase in 2021 at 4.8%, followed by a solid growth of 3.0% in 2022 and a slight decrease to 2.9% in 2023. The GDP in dollar terms fell sharply from USD 1,873 billion in 2019 to USD 1,477 billion in 2020. It rebounded to USD 1,670 billion in 2021, increased further to USD 1,952 billion in 2022, and peaked at USD 2,173 billion in 2023. The nominal GDP growth in Brazil was at 5.5% in 2019, dropping to 3.0% in 2020, which affected the Latin America waterproofing demand. It saw a substantial spike to 18.4% in 2021, possibly influenced by inflationary pressures or currency valuation changes, before settling to 11.8% in 2022 and then slowing down to 7.7% in 2023.
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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 types of waterproofing available in the Latin America waterproofing industry are:
| CAGR 2024-2032 - Market by | Type |
| Bituminous Membrane | 6.0% |
| Liquid Membrane | 5.7% |
| Cementitious Membrane | XX% |
| Thermoplastic Membrane | XX% |
| Others | XX% |
Latin America waterproofing market primarily finds its application in the following sectors:
| CAGR 2024-2032 - Market by | Application |
| Roofing and Walls | 6.1% |
| Basements and Underground Parking | 5.7% |
| Drainage | 5.5% |
| Tunnels/Pipelines | XX% |
| Bridges and Highways | XX% |
| Others | XX% |
The regional markets for the product in Latin America include Brazil, Argentina, Mexico, Colombia, Chile, Peru, Bolivia, Uruguay, Paraguay, Guatemala, and Panama among others.
| CAGR 2024-2032 - Market by | Country |
| Brazil | 5.6% |
| Mexico | 5.4% |
| Argentina | 5.0% |
| Bolivia | 4.6% |
| Colombia | XX% |
| Chile | XX% |
| Peru | XX% |
| Uruguay | XX% |
| Paraguay | XX% |
| Panama | XX% |
| Others | XX% |
The report gives a detailed analysis of the following key players in the Latin America waterproofing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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The Latin American region is led by countries like Brazil, Colombia, Venezuela, and Argentina due to the rising urbanisation and increasing disposable income among the middle class. The Latin America waterproofing market revenue in these countries is increased by the growing government expenditures on infrastructure ventures. Brazil, in particular, is an important region 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 2024-2032.
| 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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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Latin America Waterproofing Market Analysis
*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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In 2023, the Latin America waterproofing market attained a value of nearly USD 2.4 billion.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 5.3%.
The major drivers of the industry include rising disposable incomes, increasing population, and rising construction industry.
The rising government expenditures on infrastructure ventures is likely to be a key trend guiding the growth of the industry.
Brazil, Argentina, Mexico, Colombia, and Chile are the leading regions in the market, with Brazil accounting for the largest market share.
Liquid membrane, cementitious membrane, bituminous membrane, and thermoplastic membrane (PVC, others) are the leading types in the market.
The roofing and walls sector accounts for the largest market share, among other application segments in the industry.
The leading players in the Latin America waterproofing market are Mapei S.p.A., Soprema Inc., Danosa, Sika AG, Saint-Gobain, Fosroc, Inc., Carlisle Coatings & Waterproofing, MBCC Group, and RPM International Inc., among others.
The market is estimated to reach a value of about USD 4.5 billion by 2032.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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