Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), 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: ETC4614822 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Latin America Waterproofing Chemicals Market |
Forecast period | 2025-2031 |
Forecast Size | USD 1.35 billion by 2031 |
CAGR | 7.5% |
Growing Sector | Construction sector |
Latin America Waterproofing Chemicals Market 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.
The Latin America waterproofing chemicals market is projected to reach a value of USD 1.35 billion by 2025-2031, growing at a CAGR of 7.5% during the forecast period. The region has witnessed rapid urbanization and industrialization in recent years, leading to a surge in construction activities. This has resulted in an increased demand for waterproofing chemicals for various applications such as roofs, basements, and walls.
The Latin America waterproofing chemicals market has been steadily growing due to the increasing demand from various end-use industries such as construction, infrastructure, and automotive. The region is witnessing rapid urbanization and industrialization, leading to a rise in construction activities. This, in turn, is driving the demand for waterproofing chemicals as they are widely used in various stages of construction to prevent water damage.
According to 6Wresearch, the Latin America Waterproofing Chemicals Market Size is expected to reach a significant CAGR of 7.5% during the forecast period 2025-2031. One of the key drivers for the growth of the Latin America waterproofing chemicals market is the rapid urbanization and infrastructure development in the region. With the increasing population and economic growth, there has been a demand for new construction projects, which in turn drives the need for waterproofing solutions. Moreover, government initiatives towards sustainable construction practices have also contributed to the market growth. Many countries in Latin America have implemented regulations that require buildings to be energy-efficient and water-resistant, leading to an increased use of waterproofing chemicals in construction projects.
Despite the positive outlook for the Latin America waterproofing chemicals market, there are some factors that may hinder its growth. One of the major restraints is the high cost associated with these chemicals. The price of raw materials used in waterproofing chemicals has been fluctuating, which ultimately impacts the final product cost. Moreover, lack of awareness about waterproofing solutions among end-users can also limit market growth. Many consumers still prefer traditional methods of waterproofing or are unaware of the benefits of using waterproofing chemicals.
The Latin America waterproofing chemicals market is witnessing some significant trends that are expected to shape its future growth. One such trend is the growing demand for eco-friendly and sustainable products in the construction industry. This has led to the development of bio-based and water-based waterproofing chemicals that have low VOC (volatile organic compounds) emissions and are less harmful to the environment.
Another trend is the increasing use of waterproofing chemicals in the automotive industry. With the rising demand for electric vehicles, there has been a need for water-resistant coatings on battery packs to protect them from moisture and corrosion. This has created a new market for waterproofing chemicals in the automotive sector.
There are several investment opportunities in the Latin America Waterproofing Chemicals industry that can be explored by potential investors. These opportunities arise from the growing demand for waterproofing chemicals in various sectors, such as construction, automotive, and electronics. One of the major investment opportunities in the Latin America Waterproofing Chemicals market is in research and development. With increasing concerns about environmental sustainability and government regulations, there is a growing demand for eco-friendly and sustainable waterproofing chemicals. This opens up an avenue for companies to invest in innovative technologies that can meet these demands and provide competitive advantages.
Another potential investment opportunity lies in expanding production capacities and diversifying product portfolios. As the construction industry continues to grow, there will be a higher demand for various types of waterproofing chemicals such as acrylic-based, polyurethane-based, and bitumen-based products. By investing in new production facilities or acquiring existing ones, companies can cater to this rising demand and capture a significant market share.
Some of the key players operating in the Latin America waterproofing chemicals market include BASF SE, Sika AG, The Dow Chemical Company, RPM International Inc., Pidilite Industries Ltd., Wacker Chemie AG, Evonik Industries AG, Mapei S.p.A., Fosroc International Limited, and GCP Applied Technologies Inc. These players are focusing on developing innovative and sustainable waterproofing solutions to cater to the growing demand in the region. They are also expanding their product portfolios and investing in research and development to stay competitive in the market.
Government Regulations for Effective Market Performance
Government regulations play a crucial role in the growth and performance of the Latin America waterproofing chemicals market. These regulations are put in place to ensure the safety and quality of products, as well as to promote fair competition among companies. One of the main government regulations that affect the market is related to environmental concerns. As waterproofing chemicals may have harmful effects on the environment, governments have implemented strict guidelines for their usage, storage, and disposal. This has led to an increase in demand for environmentally-friendly waterproofing solutions, driving innovation and investment in this area.
The Latin America waterproofing chemicals market is poised for tremendous growth in the coming years due to factors such as growing construction industry, increasing awareness about waterproofing, technological advancements, and opportunities in emerging markets. Manufacturers are expected to continue investing in research and development to innovate and offer more advanced solutions to meet the evolving needs of consumers. This presents a lucrative opportunity for investors looking to enter or expand their presence in the Latin America waterproofing chemicals market.
Although the market is expected to face challenges such as fluctuations in raw material prices and lack of awareness, the overall outlook remains positive. With a growing demand for sustainable and eco-friendly products, manufacturers are also focusing on developing environmentally friendly waterproofing chemicals, which will further drive the market's growth in the future.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Brazil holds the largest market share in the Latin America waterproofing chemicals market. This can be attributed to the growing construction activities in these countries and increasing government initiatives towards sustainable infrastructure.
According to Ravi Bhandari, Research Head, 6Wresearch, The bitumen segment is expected to dominate the market during the forecast period due to its cost-effectiveness and high demand in construction applications.
Preformed membranes are expected to dominate the market due to their ease of installation and high efficiency in preventing water leakage.
The roofing & walls segment is expected to hold the largest market share due to the increasing construction of residential and commercial buildings in the region.
The market report has been segmented and sub-segmented into the following categories:
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 Latin America Waterproofing Chemicals Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Waterproofing Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 Latin America Waterproofing Chemicals Market - Industry Life Cycle |
3.4 Latin America Waterproofing Chemicals Market - Porter's Five Forces |
3.5 Latin America Waterproofing Chemicals Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Latin America Waterproofing Chemicals Market Revenues & Volume Share, By Chemistry, 2021 & 2031F |
3.7 Latin America Waterproofing Chemicals Market Revenues & Volume Share, By System/Technology, 2021 & 2031F |
3.8 Latin America Waterproofing Chemicals Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latin America Waterproofing Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Waterproofing Chemicals Market Trends |
6 Latin America Waterproofing Chemicals Market, 2021 - 2031 |
6.1 Latin America Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2021 - 2031 |
6.2 Latin America Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2021 - 2031 |
6.3 Latin America Waterproofing Chemicals Market, Revenues & Volume, By Application, 2021 - 2031 |
7 Brazil Waterproofing Chemicals Market, 2021 - 2031 |
7.1 Brazil Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2021 - 2031 |
7.2 Brazil Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2021 - 2031 |
7.3 Brazil Waterproofing Chemicals Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Mexico Waterproofing Chemicals Market, 2021 - 2031 |
8.1 Mexico Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2021 - 2031 |
8.2 Mexico Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2021 - 2031 |
8.3 Mexico Waterproofing Chemicals Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Argentina Waterproofing Chemicals Market, 2021 - 2031 |
9.1 Argentina Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2021 - 2031 |
9.2 Argentina Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2021 - 2031 |
9.3 Argentina Waterproofing Chemicals Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Rest of Latin America Waterproofing Chemicals Market, 2021 - 2031 |
10.1 Rest of Latin America Waterproofing Chemicals Market, Revenues & Volume, By Chemistry, 2021 - 2031 |
10.2 Rest of Latin America Waterproofing Chemicals Market, Revenues & Volume, By System/Technology, 2021 - 2031 |
10.3 Rest of Latin America Waterproofing Chemicals Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Latin America Waterproofing Chemicals Market Key Performance Indicators |
12 Latin America Waterproofing Chemicals Market - Opportunity Assessment |
12.1 Latin America Waterproofing Chemicals Market Opportunity Assessment, By Countries, 2021 & 2031F |
12.2 Latin America Waterproofing Chemicals Market Opportunity Assessment, By Chemistry, 2021 & 2031F |
12.3 Latin America Waterproofing Chemicals Market Opportunity Assessment, By System/Technology, 2021 & 2031F |
12.4 Latin America Waterproofing Chemicals Market Opportunity Assessment, By Application, 2021 & 2031F |
13 Latin America Waterproofing Chemicals Market - Competitive Landscape |
13.1 Latin America Waterproofing Chemicals Market Revenue Share, By Companies, 2024 |
13.2 Latin America Waterproofing Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |