The global waterstop market is expected to witness significant growth over the forecast period. Concrete structures are watertight as the waterstop are used in them. Waterstops are installed in expansion joints, cold joints, and other seams as they are available in a variety of shapes and types. When the temperature fluctuates, concrete expands as all materials do. To encompass such changes, expansion joints are installed in periodical frequencies throughout the water slabs and walls. On failing to join the expansion joints or if they aren’t properly installed, the structure may crack along the weak points which may then permit water flow inside the structures. Here is when, waterstop come into picture. Water stops are enormously used in large-scale concrete structures like water treatment plants, reservoirs, locks, dams and below grade facilities and residential projects may have waterstop installed as well.
There are different types of waterstop available and range from a wide range of materials. However, they can be categorized into moving joints and non-moving joints. Hydrophilic waterstop are good while considering non-moving joints. In case of moving joints, PVC waterstop serve well. In order to ensure there is no formation of water passage in case of concrete structures, a water stop is used. More extensively, it is used in places like dams, canals, water reservoirs, bridge, culverts and tunnels. They are more important from environment point of view as they help in dealing with water treatment facilities, sludge ponds, tank farms and refineries.
The key driving factors responsible for the growth of waterstop market include growing industrialization in developing economies and ongoing developments in the construction industries. Additionally, the growing rate of chemical industries contributes to the growth of market. However, lack of consumer awareness, higher costs and technical constraints may pose as limitation for waterstop market. Cyclic wetting and drying of Waterstop can cause it to swell up and breakdown from the wall. Therefore, such conditions are hampering the market growth. Companies are constantly trying to focus on innovative product development and launch of new water stop which eventually augments the durability of waterstop and also helps in overcoming the limitations.
Overall, the market growth for waterstop market is projected at a healthy CAGR during the forecast period owing to driving factors. On the basis of material, the global market is segmented as flexible PVC, polyethylene, Carbon steel, oil-based paints etc. On the basis of waterstop types, the global market is segmented as external waterstop, internal waterstop and expansion waterstop. On the basis of accessories, the global market is segmented as waterstop welding irons, hog rings, hog rings pliers and others.
On the basis of geographic segmentation, the global market spans North America, Latin America, Europe, Middle-East and Africa. China and India in the APAC regions are projected to dominate the global market owing to heavy construction in these countries. EU, Mid-East and African regions are anticipated to grow at a higher CAGR during the forecast period.
The key players in the global market include Trelleborg Ridderkerk BV, Henry Company, Emagineered Solutions Inc, Krystol Group, CE Construction Solutions, BoMetals, Inc., Foshan Nanhai Fufujing Plastic & Hardware Company Limited and Mapei Construction Products India Pvt Ltd.
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