No.3183
Waterproofing Materials Market in Japan: Key Research Findings 2022
Waterproofing Materials Market Size Expanded to 103.5% of Preceding Fiscal Year to 80,138,000 Square Meters in FY2021
Yano Research Institute (the President, Takashi Mizukoshi) has carried out a survey on the domestic market of waterproofing materials, and found out the market overview, the trends of market players, and future perspectives.
Market Overview
Size of the waterproofing materials market for FY2021 is estimated at 103.5% of the previous fiscal year to 80,138,000 square meters (based on the floor area). The market expansion was led by the recovery in demand for new build and renovation for both residential and non-residential buildings, as seen by the resumption of construction projects that had been cancelled or postponed in FY2020 due to the spread of COVID-19.
Noteworthy Topics
Market Development Initiatives Accelerated in Steel-framed Structure & Medium-to-Large Scale Wooden Structure
As the competition continues to intensify in the existing market, manufacturers of waterproofing materials are accelerating initiatives in creating new demand and acquiring new customers in the field of steel structure buildings and medium- to large-scale wooden structure buildings. While the most of conventional waterproofing materials had been intended for the use in steel reinforced concrete structure buildings and small-scale wooden structure like detached houses, as the market of non-residential buildings in steel-structure or medium-to-large-scale wooden structure, such as factories and warehouses, is expanding in recent years, the makers are releasing new products and reinforcing sales operations for application development in the market.
Future Outlook
The market size of waterproofing materials for FY2022 is forecasted to grow to 101.8% of the preceding fiscal year to 81,590,000 square meters (based on the floor area).
Demand for waterproofing material for detached houses (which is mainly for new houses) is on decline, as the number of new housing starts is forecasted to slowdown hereafter, staying at almost the same level or diminish slightly. Meanwhile, in the field of housing complexes and non-residential buildings, increase in demand is witnessed in rejuvenation of office buildings in metropolis, new construction starts of factories and warehouses, large-scale renovation of condominiums, and metal roofing maintenance at manufacturing plants. In consideration of the overall situation in each demand field, as a whole, the market is expected to show a slight increase.
Research Outline
2.Research Object： Waterproofing material manufacturers, businesses related to waterproofing materials, and industry associations
3.Research Methogology： Face-to-face interviews by the specialized researchers, survey by telephone, and literature survey.
What is the Waterproofing Materials Market?
Waterproof materials in this survey indicate construction methods and materials as listed below, which are used in construction to block rainwater and prevent water seepage/infiltration. However, it does not include roofing/wall underlay, water shielding sheets of civil engineering material makers, and silicate based concrete waterproofing agents.
Asphalt (bitumen) waterproofing: Asphalt/modified asphalt (hot-applied liquid waterproofing, cold-applied liquid waterproofing, torch-on waterproofing)
Waterproof sheets: Vulcanized rubber sheets, non-vulcanized rubber sheets, PVC sheets, EVA foam sheets, waterproof polyethylene sheets, polyurethane sheets, Thermoplastic Elastomer (TPE) membranes, Thermoplastic Polyolefin (TPO) membranes
Waterproofing agents: Polyurethane, FRP, cement-based waterproofing (EVA/cement-acrylic based), acrylic polymer, other elastic waterproofing materials like resins/synthetic rubber, rubber modified asphalt, waterproofing agents for exterior walls (acrylic rubber, single liquid urethane)
＜Products and Services in the Market＞
Asphalt waterproofing, waterproof sheets, liquid waterproofing agents (membrane)
Published Report
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