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Waterstops Market Research Report - Segmentation By Type (External, Internal, and Expansion Joints), By Material (PVC, HDPE, Rubber, and others), by (Water Reservoirs and Canals, Bridges and Tunnels, Storage Tanks, Wastewater Treatment Facilities, and Others)and Region - Industry Forecast of 2024 to 2029

Published: March, 2023
ID: 10838
Pages: 150
Formats: report pdf report excel report power bi report ppt

Waterstops Market Size (2024 - 2029):

The Global Waterstops Market was worth US$ 2.88 billion in 2023 and is anticipated to reach a valuation of US$ 4.0 billion by 2029 and is predicted to register a CAGR of 5.60% during 2024-2029.

Market Drivers:

Waterstops are flexible joints installed in concrete structures to prevent the passage of fluids between the joints of concrete structures. They are designed as a fluid-tight diaphragm. They play an important role in waterproofing concrete structures, especially joints and the most fragile areas prone to liquid leaks. Concrete contracts and expands with fluctuations in temperature. Waterstops are installed to cope with changes. Joints, unless sealed, are likely to allow fluids to enter the structure. Therefore, water stops are installed in all concrete structures, such as dams and water treatment plants, during construction.

Waterstops material plays an important role in waterproofing concrete structures, mainly joints. Rapid industrialization in developing economies and developments in construction industries are predicted to drive expansion in the worldwide waterstops market.

In addition, high disposable income and the growing need for housing development are some of the factors driving the market. Additionally, the growing call for housing, rapid urbanization, and the like are encouraging factors for the global Waterstops market. Government initiatives to provide good infrastructure, roads, and bridges that drive call within the market.

Market Trends:

Rapid changes in construction activities create new challenges for market players. The main key players are showing substantial changes in their strategies. Large companies are investing heavily in physical activities at waterstops and creating new warehouses to meet the growing call. Major players are trying to focus on developing innovative new water stop products that will help increase the sustainability of the water stop.

Market Drivers:

The worldwide waterstops market is supposed to experience significant expansion during the conjecture period. It is widely employed in factories, warehouses, locks, and large-scale residential projects to stop the flow of water from the crack. Consequently, the call for Waterstops is escalating exponentially. Also, the rapid industrialization of developing economies and chemical industries is contributing to market expansion. Waterstops are manufactured in various shapes and structures depending on the area of ​​application. Waterstops are typically made from flexible, stainless, synthetic materials, which increases durability and waterproofing. Water shutoffs also contribute to improving safety for domestic and commercial purposes to some extent, thus providing additional benefits to civil contractors and end users. The worldwide water shutoff market is also driven by its characteristics such as good chemical resistance, safe use in portable water structures, and resistance to rain and moisture. Stainless steel water stoppers, in particular, can be employed safely in extreme hot or cold conditions and also provide protection against ozone and hazardous aqueous chemicals.

Market Restraints:

Lack of consumer awareness and high capital investments are some of the factors that are predicted to limit the expansion of the worldwide water stops market.

Market Opportunities:

Rapid industrialization in developing economies and the continuous evolution of the construction industries are some of the macroeconomic factors that support the expansion of the worldwide market. Also, the worldwide waterstops market is driven by the rising rate of chemical industries. To overcome these limitations, major manufacturing companies are focusing on product development and the launch of new Waterstops, which will increase the durability of Waterstops, contributing to the expansion of the global market.

Market Challenges:

The main limitation of the worldwide waterstops market may be its high cost, technical limitations, wetting cycle, and drying, leading to short product life, and hindering the expansion of the world market.

WATERSTOPS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 – 2029

Base Year

2023

Forecast Period

2024 - 2029

CAGR

5.60%

Segments Covered

By Type, Material, Application, and Region.

 

Various Analyses Covered

Global, Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

 

Market Leaders Profiled

Tata Rubber Corporation, Foshan NanhaiFufujing Plastic & Hardware Co., Limited, Trelleborg Ridderkerk BV, JP Specialties, Inc., Emagineered Solutions Inc., Henry Company, CE Construction Solutions, Mapei Construction Products India Pvt Ltd., and BoMetals, Inc., and Others.

Market Segmentation:

Waterstops Market - By Type:

  • External
  • Internal
  • Expansion Joints

External water plugs are installed on the wet side of the frame to protect against the ingress of mud or any other substance. External water stops are also employed as double-sealing systems for nuclear power plants and access ramps to highway tunnels.

Waterstops Market - By Material:

  • PVC
  • HDPE
  • Rubber
  • Others

PVC waterproofing tapes are commonly employed due to their elongation ability, high tensile strength, and high resistance to ozone, acids, alkalis, diesel, and other liquids.

Waterstops Market - By Application:

  • Water Reservoirs and Canals
  • Bridges and Tunnels
  • Storage Tanks
  • Wastewater Treatment Facilities
  • Others

Waterstops apply techniques during installation that force the joints to sink into the concrete. The water tanks and channels segment is a significant part of the water closure market due to its large construction structure. However, the bridge and tunnel segment is predicted to grow at a rapid rate during the foreseen period.

Market Regional Analysis:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Waterstops are widely employed in North America. The region has a key share in the worldwide water closure market, followed by Europe. The Asia-Pacific water closure market is predicted to grow at a significant rate during the foreseen period due to the expansion of the infrastructure business, manufacturing industry, and commercial buildings in Asia-Pacific. The Asia-Pacific region is predicted to grow at a steady rate during the conjecture period. In the region, much progress has been made in infrastructure development in developing economies. The requirement to provide adequate facilities, population expansion, and the rapid expansion of the construction industry are some of the factors driving the worldwide waterstops market. End users are focusing on the high adoption of water closures due to their need for a variety of application areas such as water tanks and channels, bridges and tunnels, and storage tanks in the region.

The construction industry in the Asia Pacific is supposed to grow at a rate above 10% CAGR, which will also boost the waterstops market. The Asia Pacific is predicted to dominate the worldwide water closure market, followed by the Middle East and North America. Developing Asian countries such as China and India are estimated to have the maximum share of the regional market due to the expansion of construction in these countries. The significant expansion occurred in Western Europe followed by Japan. The upward trend in European countries should boost the call in the regional water stops market. While Eastern Europe and Latin America, followed by Africa, are determined to have smaller shares in the worldwide market. A lack of consumer awareness is predicted to hamper the expansion of the waterstops market in Africa.

Impact of COVID-19 on the Waterstops Market:

The global waterstops market is severely affected by the coronavirus pandemic outbreak. Due to the suspension of ongoing activities in the industrial and commercial process, the water stopper market is likely to experience a temporary drop. Additionally, social distancing standards and worldwide lockdowns are causing a temporary drop in construction and construction projects. Many ongoing projects are on hold, which has reduced the number of water closure requests for bridges, road levees, tunnels, water tanks, and swimming pools. The pandemic has affected the supply chain around the world. Insufficient raw material supply and longer lead times for raw material supply in upstream channels will further hamper the production rate, affecting market expansion.

Market Key Players:

Key players operating in the global Waterstops Market include

  1. Tata Rubber Corporation
  2. Foshan NanhaiFufujing Plastic & Hardware Co., Limited
  3. Trelleborg Ridderkerk BV
  4. JP Specialties, Inc
  5. Emagineered Solutions Inc
  6. Henry Company
  7. CE Construction Solutions
  8. Mapei Construction Products India Pvt Ltd
  9. BoMetals, Inc

Market Recent Developments:

  • H&M has introduced a new range of technical outerwear called Water Stop Tech, which combines fashion and functionality. The collection includes four black pieces for men.
  • Kryton celebrates 20 years of innovative waterproofing on the Indian coast. An upcoming band, Rock-n-Raaga, greeted guests with live music.

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FAQ's

1. What is the Waterstops Market growth rate during the projection period?

The Global Waterstops Market is expected to grow with a CAGR of 5.60% between 2024-2029.

2. What can be the total Waterstops Market value?

The Global Waterstops Market size is expected to reach a revised size of US$ 4.0 billion by 2029.

3. Name any three Waterstops Market key players?

Trelleborg Ridderkerk BV, JP Specialties, Inc., and Emagineered Solutions Inc. are the three Waterstops Market key players.

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