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Asia Pacific Hydrophilic Waterstop Market

Asia Pacific Hydrophilic Waterstop Market Share to Register CAGR of 7.98% from 2022 to 2030

Published On : 18 Nov, 2022
Updated On : 22 Nov, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
7.98 %

The Asia Pacific Hydrophilic Waterstop market is expected to reach USD 1101.81 million by 2030, with a CAGR of 7.98%.

Hydrophilic waterstops are designed to keep water from leaking from or entering concrete structures by expanding in response to the presence of water and forming an impenetrable barrier due to this expansion. They are versatile and can be used for various purposes, such as shielding structures from the deterioration caused by a continuous flow of water and maintaining the necessary structural integrity.

Hydrophilic waterstops in building joints made of cast-in-place concrete are just one of many possible applications. Because of their adaptability and flexibility, hydrophilic waterstops are simple to place around pipe penetrations, I-beams, concrete pilings, and other surfaces with an uneven shape. In addition, hydrophilic waterstops are utilised to seal newly installed concrete up against previously placed concrete. In addition, they are not only lightweight and flexible, but they also do not call for the use of any prefabricated Ts, Ls, or crosses that have been specially ordered. The ease with which this particular style of waterstop may be installed makes it a popular choice among contractors.

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Market Overview

Drivers

Increasing construction demand in countries of Asia-pacific

Despite economic challenges, the Asia Pacific construction industry is expected to grow significantly in 2021. Residential construction demand has remained strong in significant economies. On the other hand, infrastructure construction saw more significant investment, and regional construction firms expanded into new markets.Commercial property demand remains stable as major e-commerce companies drive demand for larger commercial spaces.

Approvals for home sales and mortgages are increasing in Chengdu, the capital of Sichuan's southwestern province. Furthermore, restrictions on using pre-sale proceeds have been relaxed in the region. The Chinese government is working to ensure enough liquidity to keep the property sector building.

Increased emphasis on infrastructure development assists the growth of India's construction sector. The government announced a comprehensive plan for multi-modal connectivity in October 2021, intending to progress infrastructure to mitigate logistic costs and boost the economy.

Singapore announced specific measures in October 2021 to help support the country's construction firms. For example, the Ministry of National Development and the Building and Construction Authority has taken separate steps to assist construction firms in mitigating the impact of the global pandemic.

Restraints

The Hydrophilic Waterstop Market is Being Held Back Due to Product Limitations

If it comes into touch with water, hydrophilic Waterstop based on bentonite expands even more quickly than concrete. In addition to this, it does not return to its initial shape. After some time has passed, the once high-quality item begins to degrade and fall apart. When it is exposed to salt water or contaminated water, it does not experience any swelling. The Waterstops are a significant contributor to the product's overall weakness throughout its lifetime.

Additionally, modified chloroprene rubber (MCR) does not expand or contract, does not swell in fluids (except for water), has a sluggish swelling time, and does not swell. Although Waterstops are helpful for water, you should try to avoid using them for other fluids. Even the Waterstops made of PVC, the most popular type, might be challenging to install correctly in some circumstances. Honeycombing is the result of improper compaction around the Waterstop, and the high probability of concrete shrinkage can lead to small gaps between the concrete and PVC. Both of these issues can be avoided by good compaction.

Segment Overview

The Asia Pacific Hydrophilic Waterstop Market is segmented by product into bentonite, natural rubber, PVC, polyurethane, synthetic rubber, acrylic, and others.

In 2021, the segment that dealt in PVC accounted for the largest share of the market. Because it is embedded in the concrete joints, PVC water-stop functions as a continuous watertight diaphragm to restrict any seepage of liquids in construction joints subject to hydrostatic pressure. It is done to prevent any damage to the structure. It can accommodate lateral and transverse movements, enabling it to suit moving joints. Since it was designed for expansion or contraction joints, it can also accommodate moving joints.

Based on application, the Hydrophilic (Swellable) Waterstop Market is classified into industrial, commercial, institutional, and others. In 2021, the commercial segment held the largest market share. This segment is expected to grow in the coming years.

Regional Overview

Asia Pacific Hydrophilic Waterstop Market Countrywise Analysis

Countrywise Growth Insights Request Sample Pages

Based on country, the market is segmented into China, Japan, India, South Korea, Australia, and The Rest of the Asia-Pacific. The Asia Pacific hydrophilic Waterstop market is the most lucrative in the Asia-Pacific region. In 2020, Asia-Pacific was the region that brought in the most revenue, with China being the primary contributor. The growth of the Asia-Pacific market has been driven in part by the region's increasing emphasis on the construction of non-residential and other forms of non-residential infrastructure. Urbanisation and industrialisation both are experiencing consistent growth across Asia, particularly in the countries like China and India. The revenue generated by construction-related projects reached its zenith in March 2021, when it was at USD 24.72 billion and had reached its highest point.

Major Players

  • JP Specialities Inc.
  • Sika AG
  • Aquafin
  • GCP Applied Technologies Inc.
  • Normet
  • W. R. MEADOWS, INC.
  • Fosroc Inc.
  • SCP Concrete Sealing Technology Limited
  • Pozamet
  • Rockmax
  • Stratmore Construction Solutions Ltd.
  • Daeryong Co.Ltd.
  • BPA GMBH
  • Perma Construction Aids Pvt. Ltd.

Recent Developments

  • December 2022, The FOSROC team is thrilled to share the news that its new office in Visakhapatnam, Andhra Pradesh, will soon be open for business. This structure, which is 1 800 square feet in size, would act as the area sales office for the team in Andhra Pradesh.
  • March 2022, Berger Fosroc Ltd., a joint venture between Berger Paints Bangladesh and Fosroc International Ltd., has opened a construction chemicals factory in Bangladesh to meet the growing domestic demand for construction chemical materials and solutions. Berger Fosroc Ltd. is a subsidiary of Berger Paints Bangladesh.

Asia Pacific Hydrophilic Waterstop Market: Segmentation

By Product

  • Bentonite
  • Natural Rubber
  • PVC
  • Polyurethane
  • Synthetic Rubber
  • Acrylic
  • Others

By Application

  • Commercial
  • Industrial
  • Institutional
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
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