Wetroom Waterproofing Solutions Market Valued at $8.3 Billion by 2028
The Wetroom waterproofing solutions market size is projected to grow from USD 6.4 billion in 2023 to USD 8.3 billion by 2028, registering a CAGR of 5.4% during the forecast period. The increasing demand for green building practices is driving the demand for sustainable wet room waterproofing solutions,The rising popularity of prefabricated wet rooms is also contributing to the growth of the market, The development of new and innovative wet room waterproofing products is also boosting the market growth.
The wet room waterproofing market is expected to continue to grow in the coming years due to the factors mentioned above. The key players in the market are focusing on developing new and innovative products to meet the growing demand. They are also expanding their geographic reach to tap into new markets.Players have adopted different strategies to strengthen their market positions and ensure long-term growth and success. These strategies enable them to efficiently meet the growing demand for types and applications by various industries. Also, companies operating in this market, such as Sika AG (Switzerland), BASF SE (Germany), MAPEI Corporation (Italy), Knauf Gypsum Pty Ltd (Australia), Henry Company (US), adopt acquisitions, new product launches, agreements, expansions, collaborations, and partnerships to increase their market shares and expand their geographic presence.
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Established in 1910, Sika AG is a Swiss multinational company that produces and distributes construction chemicals and building materials. Sika has established itself as a leading provider of innovative solutions for construction and industrial markets. The company is committed to delivering high-quality products, systems, and services that enhance the durability, sustainability, and efficiency of structures and industrial applications. It develops and produces systems and products for bonding, sealing, damping, reinforcing, and protecting. In the construction chemicals sector, Sika produces chemicals and adhesives for various applications, including waterproofing, roofing, flooring, and concrete repair. It offers a wide range of wet room waterproofing solutions products including Sikadur – 20 crack seal, SikaTop-107 Seal Plus IN, SikaCeram 155 Wet Room, and others. The company’s products are used in residential, commercial, and industrial construction projects. Sika AG has a business presence in more than 100 countries across the Americas, Europe, Asia Pacific, Africa, and the Middle East. Sika operates globally through its subsidiaries, with more than 300 production sites worldwide.
BASF SE was established in 1965 in Ludwigshafen, Germany. BASF SE is a diversified chemical company and a leading manufacturer of wet room waterproofing solutions. The company has six operating business segments, namely, surface technologies, materials, chemicals, agricultural solutions, industrial solutions, and nutrition & care. It offers a broad range of chemicals, plastics, performance products, and crop protection products. The company manufactures wet room waterproofing solutions through its industrial solutions segment under dispersions and resins division. In its dispersions & resins and monomer divisions, the company provides key raw materials for the formulation of coatings and paints, printing and packaging products, paper, and more. BASF SE offers a wide range of wet room waterproofing solutions product under the brand name Acronal, Butofan, and Styrofan. The company caters to a wide range of end use industries including construction, pharmaceuticals, paints & coatings, energy, chemicals, agriculture, and others. BASF SE has a business presence in more than 80 countries across the Americas, Europe, Asia Pacific, Africa, and the Middle East. It has 13 operating divisions with 84 strategic business units. BASF operates globally through its subsidiaries, with more than 338 production sites worldwide.
Pidilite Industries Ltd. is a consumer-centric company committed to quality and innovation. The company has a broad and diverse product portfolio, ranging from adhesives, sealants, waterproofing solutions, and construction chemicals to arts & crafts, industrial resins, and polymers. The company is engaged in the manufacture of adhesives and glues, including rubber-based glues and adhesives. Its business segments include consumer & bazaar and business-to-business. The consumer & bazaar business segment includes adhesives, sealants, art & craft material, construction & paint chemicals, and others. These products are used by carpenters, painters, plumbers, mechanics, students, offices, and households. The business-to-business segment covers products such as industrial adhesives, synthetic resins, organic pigments, construction chemicals, pigment preparations, and surfactants. It offers wet room waterproofing solutions under the brand name Dr. Fixit in its consumer & bazaar business segment. It caters to various industries, such as packaging, textiles, paints, printing inks, paper, and leather.It has enhanced its international presence in 71 countries globally and has 8 manufacturing sites. The company’s major subsidiaries are in Bangladesh, Sri Lanka, the US, Brazil, Thailand, Egypt, and the UAE The company’s headquarters are in Kiyosu, Japan, and it was established in 1959.
MAPEI Corporation is a leader in producing adhesives and chemical products for the building industry. The company invests 12% of the total workforce and 5% of its turnover in R&D. As much as 70% of its R&D efforts are directed at developing environmentally sustainable and -friendly products that meet Leadership in Energy and Environmental Design (LEED) requirements. The company has a vast product portfolio with more than 6,000 products which are utilized in various applications including ceramics & stone materials, sports flooring, wooden flooring, thermal insulation, waterproofing, building, marine industry and others. It offers a wide range of wet room waterproofing solutions products including PLANISEAL CR1, PLANISEAL membrane SA, PLANISEAL CR2 V, MAPEDRAIN 25, and others. The company produces 27,900 tons of finished products every day.MAPEI Corporation has 100 subsidiaries in over 57 countries across North America, South America, Asia Pacific, Europe, and Middle East & Africa. It has 32 R&D centers and 84 production facilities in 5 continents across 35 different countries. it was established in 1937.
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Knauf Gypsum Pty Ltd is a division of the Knauf Group, a global manufacturer of building materials and construction solutions. Knauf Gypsum Pty Ltd is Australia’s largest supplier of wet room waterproofing materials. To suit the needs of each wet room project, the company provides a wide selection of goods and accessories. Knauf Gypsum Pty Ltd was established in 1987 in Camellia, New South Wales, Australia. The company has a nationwide sales and distribution network. Knauf Gypsum Pty Ltd also sells its products to other Asia Pacific countries. The wet room waterproofing component of Knauf Gypsum Pty Ltd’s business comprises producing and distributing a wide range of wet room waterproofing materials, as well as offering technical assistance and advice to customers on wet room waterproofing projects, and training and certification programs for wet room waterproofing installers.
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