Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Chemistry (Bitumen, Elastomers, PVC, TPO, EPDM), By System/Technology (Preformed Membranes, Coatings & LAMs, Integral System), By Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Tunnel Liners) And Competitive Landscape
Product Code: ETC4603629 | Publication Date: Jul 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Africa Waterproofing Chemicals Market |
Forecast Period | 2024-2030 |
Forecast Size | USD 410 million - USD 580 million |
CAGR | 6.5% |
Growing Sector | Roofing Industries |
Africa Waterproofing Chemicals Marketย report thoroughly covers the market By Countries, By Chemistry, By System/Technology, By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Waterproofing Chemicals Marketย was valued at USD 410 million and is expected to reach USD 580 million, growing at a CAGR of around 6.5% during the forecast period. This surge in construction activities for residential, commercial and industrial buildings has created a strong demand for waterproofing chemicals in the region.
Africa Waterproofing Chemicals Marketย is expected to witness significant growth in the coming years, owing to the increasing demand with rapid urbanization and population growth, there has been a surge in demand for residential and commercial buildings in Africa. This has led to an increase in need for waterproofing materials to protect these structures from water damage. As a result, the demand for waterproofing chemicals has also increased significantly.
According to 6Wresearch, the Africa Waterproofing Chemicals Marketย Size is expected to reach at a significant CAGR of 6.5% during the forecast period 2024-2030. One of the major drivers for the Africa waterproofing chemicals market is the rapid pace of urbanization in the region. As more people move from rural areas to cities, there is a growing need for residential and commercial buildings. This has led to an increase in construction activities, driving demand for waterproofing chemicals. Moreover, the rise in government investments in infrastructure projects, such as roads, airports and ports, is also expected to boost the market growth.
Despite the Africa Waterproofing Chemicals Marketย Growth, there are several challenges that need to be addressed. One of the major challenges faced by manufacturers is the high cost of raw materials used in these chemicals. This increases the overall production cost and can impact profit margins. Additionally, lack of awareness about waterproofing solutions among consumers is another challenge that hinders market growth.
One major trend is the growing popularity of eco-friendly and sustainable products. With increasing concerns about environmental sustainability, consumers are becoming more conscious about the products they use. As a result, there is a rising demand for waterproofing chemicals that are environmentally friendly and have minimal impact on the ecosystem.
Another trend that is shaping the Africa waterproofing chemicals market is the focus on research and development for new products. With intense competition among manufacturers, there is a constant drive to develop innovative products that can provide better performance and durability. This has resulted in the introduction of advanced waterproofing chemicals that can withstand extreme weather conditions and offer long-term protection from water damage.
With urbanization and industrialization on the rise, there is a growing demand for waterproofing chemicals in the region. The Africa waterproofing chemicals market is expected to witness significant growth in the coming years, driven by various factors such as increased government initiatives, rapid urbanization, and increasing awareness about the benefits of waterproofing.
Several leading players dominate the Africa Waterproofing Chemicals Marketย share, including both international and local manufacturers. include BASF SE, Sika AG, Dow Chemical Company, Saint-Gobain Weber S.A., Fosroc International Limited, Mapei Corporation, Pidilite Industries Ltd., GCP Applied Technologies Inc., GAF Materials Corporation, Carlisle Companies Inc., Johns Manville Corporation, PPG Industries Inc., and RPM International Inc.
The African governments have implemented regulations for sustainable building practices, which include using eco-friendly construction materials and implementing waterproofing systems to prevent water damage. These regulations have increased the demand for waterproofing chemicals in the region and are expected to drive market growth in the coming years.
The future of the Africa waterproofing chemicals industry looks promising, with increasing investments in infrastructure development and government regulations promoting sustainable building practices. Moreover, the rising awareness among consumers about the benefits of waterproofing solutions is also expected to drive market growth. Manufacturers are also focusing on developing eco-friendly and cost-effective products to meet the growing demand in the region.
Overall, the Africa waterproofing chemicals market is likely to witness significant growth during the forecast period. As construction and infrastructure development continues to grow in Africa, the demand for waterproofing chemicals is expected to increase, making it a lucrative market for companies in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
South Africa is a major player in the market, with its growing construction industry driving the need for waterproofing solutions. In addition, Nigeria has also shown significant growth in demand due to increased infrastructure development projects and urbanization.
According to Nitesh Kumar, Research Manager, 6Wresearch, based on market trends and consumer demands, it is evident that the demand for waterproofing chemicals in Africa is primarily driven by the roofing and walls application. This can be attributed to the region's growing construction sector, which is witnessing a rise in commercial and residential building projects
The use of preformed membranes in the Africa waterproofing chemicals market has been growing in demand due to its ease of application and long-term durability. Preformed membranes are usually made from materials such as bitumen, PVC, EPDM, or TPO and can be applied by torching, self-adhering, or hot-melt methods.
One type of waterproofing chemical that is experiencing a growth in demand in Africa is bitumen. This petroleum-based product is commonly used for roofing and waterproofing applications, due to its high durability and resistance to weathering.
The market report has been segmented and sub segmented into the following categories:ย
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Waterproofing Chemicals Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Waterproofing Chemicals Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Waterproofing Chemicals Market - Industry Life Cycle |
3.4 Africa Waterproofing Chemicals Market - Porter's Five Forces |
3.5 Africa Waterproofing Chemicals Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Waterproofing Chemicals Market Revenues & Volume Share, By Chemistry, 2020 & 2030F |
3.7 Africa Waterproofing Chemicals Market Revenues & Volume Share, By System/Technology, 2020 & 2030F |
3.8 Africa Waterproofing Chemicals Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Africa Waterproofing Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Waterproofing Chemicals Market Trends |
6 Africa Waterproofing Chemicals Market, 2020 - 2030 |
6.1 Africa Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2020 - 2030 |
6.2 Africa Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2020 - 2030 |
6.3 Africa Waterproofing Chemicals Market, Revenues & Volume, By Application, 2020 - 2030 |
7 South Africa Waterproofing Chemicals Market, 2020 - 2030 |
7.1 South Africa Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2020 - 2030 |
7.2 South Africa Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2020 - 2030 |
7.3 South Africa Waterproofing Chemicals Market, Revenues & Volume, By Application, 2020 - 2030 |
8 Nigeria Waterproofing Chemicals Market, 2020 - 2030 |
8.1 Nigeria Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2020 - 2030 |
8.2 Nigeria Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2020 - 2030 |
8.3 Nigeria Waterproofing Chemicals Market, Revenues & Volume, By Application, 2020 - 2030 |
9 Kenya Waterproofing Chemicals Market, 2020 - 2030 |
9.1 Kenya Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2020 - 2030 |
9.2 Kenya Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2020 - 2030 |
9.3 Kenya Waterproofing Chemicals Market, Revenues & Volume, By Application, 2020 - 2030 |
10 Rest of Africa Waterproofing Chemicals Market, 2020 - 2030 |
10.1 Rest of Africa Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2020 - 2030 |
10.2 Rest of Africa Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2020 - 2030 |
10.3 Rest of Africa Waterproofing Chemicals Market, Revenues & Volume, By Application, 2020 - 2030 |
11 Africa Waterproofing Chemicals Market Key Performance Indicators |
12 Africa Waterproofing Chemicals Market - Opportunity Assessment |
12.1 Africa Waterproofing Chemicals Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Waterproofing Chemicals Market Opportunity Assessment, By Chemistry, 2020 & 2030F |
12.3 Africa Waterproofing Chemicals Market Opportunity Assessment, By System/Technology, 2020 & 2030F |
12.4 Africa Waterproofing Chemicals Market Opportunity Assessment, By Application, 2020 & 2030F |
13 Africa Waterproofing Chemicals Market - Competitive Landscape |
13.1 Africa Waterproofing Chemicals Market Revenue Share, By Companies, 2023 |
13.2 Africa Waterproofing Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |