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Report Overview
The Latin America waterproofing market stood at a value of USD 2.53 Billion in 2024. The market is further expected to grow at a CAGR of 5.30% in the forecast period of 2025-2034, to reach a value of USD 4.24 Billion in 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- Growing construction activities are surging the demand for waterproofing systems to protect structures from water damage, safeguard foundations, basements, and roofs, and ensure the longevity and durability of structures. As per the Mexican Chamber of the Construction Industry (CMIC), the construction sector witnessed a 15.6% growth in 2023. In the forecast period, rapid urban expansion, coupled with the increasing prevalence of extreme weather events, is expected to bolster the Latin America waterproofing market development.
- Large infrastructure projects such as dams, bridges, and tunnels require high-performance waterproofing systems to protect critical components from water-related damage. In 2024, the Peruvian government constructed the longest bridge in the country spanning 2.3 kilometers over the Nanay River. With increasing investments in infrastructural development, the demand for durable and high-quality waterproofing solutions is rising.
- As sustainability becomes a priority in various sectors, manufacturers are developing eco-friendly waterproofing solutions that boast low VOCs, are non-toxic, and are made from renewable resources. The implementation of eco-certifications and green building standards by governments in the regions is further boosting the demand for sustainable waterproofing systems.
Competitive Landscape
Key Latin America waterproofing market players are diversifying their product portfolio to include liquid-applied membranes and self-healing materials. Waterproofing companies in Latin America are also focusing on developing resilient and high-performance waterproofing solutions to protect infrastructure and buildings from severe weather conditions.
Key Industry Players
Mapei S.p.A.
Mapei S.p.A., headquartered in Milan, Italy, and founded in 1937, is a leading manufacturer of chemical products for the construction sector. Boasting 96 subsidiaries across 56 countries as well as 12,500 employees, the company generated consolidated revenue amounting to EUR 4.2 billion in 2023. Nearly 29,100 tonnes of the company’s products are shipped per day.
Soprema Inc.
Soprema Inc., founded in 1908 and headquartered in Strasbourg, France, is a company that specialises in the production of innovative products for insulation, waterproofing, soundproofing, and building vegetated solutions. The company offers high-performance and high-technology solutions to respond to specific challenges in the construction sector. It operates in 90 countries and boasts 60 factories and 22 training centres.
Fosroc, Inc.
Fosroc, Inc., headquartered in Dubai, UAE, and established in 1972, is a global manufacturer of high-performance chemicals for the construction sector. The company’s innovative products address construction challenges and improve the strength and durability, structural integrity, and aesthetics of buildings.
Carlisle Coatings & Waterproofing
Carlisle Coatings & Waterproofing, headquartered in Texas, United States, is a company that provides reliable weather barrier and waterproofing solutions to suit different building sites. It is a division of Carlisle Construction Materials, a wholly owned subsidiary of Carlisle Companies.
Other leading companies in the Latin America waterproofing market include Danosa, Sika AG, MBCC Group, Saint-Gobain, and RPM International Inc., among others.
Latin America Waterproofing Market Report Snapshots
Latin America Waterproofing Market Size
Latin America Waterproofing Market Growth
Latin America Waterproofing Market Trends
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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Key Questions Answered in the Report
In 2024, the Latin America waterproofing market attained a value of nearly USD 2.53 Billion.
In the forecast period of 2025-2034, the market is projected to grow at a CAGR of 5.30%.
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 4.24 Billion by 2034.
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