The waterproof material industry occupies an important position in construction projects, and the ‘post-construction’ era has brought golden development opportunities to it.
Waterproof materials are a key part of building functional materials and run throughout the construction cycle of building projects.
It can form a waterproof layer on the surface of the building to improve the waterproof and anti-leakage capabilities. Its quality and application effect directly affect the structure and life of the building project.
It has a wide range of application fields, covering housing construction, traffic engineering, municipal engineering and water conservancy engineering, etc.
With the improvement of quality requirements for construction projects, building waterproofing has received great attention.
From the perspective of development history, waterproofing methods have transitioned from rigid waterproofing to flexible and rigid-flexible composite waterproofing. Modified asphalt waterproofing materials have become the mainstream, and new synthetic polymer waterproofing materials have gradually replaced traditional materials.
In 2021, the waterproof industry will move forward under pressure and achieve growth against the trend.
The revenue and total profits of waterproofing companies above designated size across the country have both achieved positive growth, demonstrating the resilience of the industry.
From the perspective of output, waterproofing membranes account for a relatively high proportion, and synthetic polymer waterproofing membranes account for a gradually increasing share.
The prices of different types of waterproofing materials vary greatly. The price of polymer waterproofing membranes is higher than that of modified asphalt waterproofing membranes. As its application increases, the market space is expected to expand.
Under the background of ‘dual carbon’, new waterproof materials such as synthetic polymer waterproof membranes are facing development opportunities.
The hot melt process of asphalt waterproofing membranes is limited, and polymer membranes are expected to become the mainstream of the market. This will make the product structure of waterproof materials high-end, and leading companies with more polymer membrane production capacity will be the first to benefit.
With the development of new waterproof materials and processes, the application fields continue to expand, providing conditions for the integration of waterproof materials into green buildings and the photovoltaic building industry.
BIPV construction has entered a period of rapid development. The quality of roof waterproofing projects is related to the life of the photovoltaic system. It is crucial for professional and high-quality waterproofing systems to be applied to photovoltaic roofs.
At present, leading waterproof companies such as Oriental Yuhong have launched photovoltaic roof waterproofing solutions.
In terms of the incremental market, the increase in the construction of affordable housing in 2022 is expected to bottom out and stabilize the demand for waterproofing on the real estate side.
The acceleration of infrastructure construction provides support for the demand for waterproofing on the infrastructure side. The increase in the construction of underground comprehensive pipe corridors and urban rail transit will significantly boost the demand for waterproofing.
The implementation of the “Engineering Specifications” is expected to expand the waterproofing industry market space, and the incremental market will be occupied by leading companies.
In the existing market, as the existing buildings enter the peak period of renovation and maintenance, the renovation of existing housing will become an important driving force for the waterproof market demand.
my country has entered a period of urban renewal, and the renovation of old residential areas in cities and towns will drive a large demand for waterproofing.
The waterproof stock market space is huge, and the increase in volume and price of repair business will bring broad market space to the industry.
The main logic is to increase the concentration of the waterproof industry. In the future, backward production capacity will be cleared at an accelerated pace, and enterprises above designated size will seize market share.
New entrants are accelerating industry integration, and leading companies are opening a new era of competition and cooperation, improving raw material quality and product competitiveness through centralized procurement and other methods.
The rise in raw material prices has led to a general increase in waterproofing materials, which may accelerate the reshuffle of the industry.
Small and medium-sized enterprises took the lead in raising prices as their profit margins were eroded by rising raw material prices; leading companies increased their bargaining power through price adjustments.
The waterproofing industry has gradually passed the price war stage, and has made progress in product strength, brand effect and standardization.
In the short term, the demand for infrastructure and the renovation of old communities brought about by “steady growth” will support the development of the industry; in the medium and long term, the improvement of construction warranty periods and new application scenarios will drive upgrading of product quality in the industry, and leading companies will occupy the market space and expand their capacity dividends.
