Favored by the dual factors of growing demand and improving standards, the waterproof mortar industry has huge development potential

Waterproof mortar refers to a kind of mortar used to make waterproof layers. It is mainly composed of cement, aggregate and waterproof additives and other materials. It belongs to a category of special mortar. Compared with waterproof coatings and waterproof membranes, waterproof mortar has the advantages of strong impermeability, high dispersibility, good crack resistance, low water absorption, high durability, good weather resistance, and easy construction. It is a new type of waterproof building material. The products are widely used in waterproof and anti-corrosion linings of underground engineering and water conservancy projects, interior and exterior walls of industrial and civil buildings, and waterproof and anti-corrosion scenarios such as reservoirs, tunnels, channels, and swimming pools.

According to different structures, waterproof mortar can be divided into polymer cement waterproof mortar, polymer composite waterproof slurry, cement-based penetrating crystalline waterproof slurry, etc. Waterproof mortar is widely used in the construction field. Under the background of the steady development of the domestic construction industry, the market demand for waterproof mortar continues to increase, and the output continues to increase. According to data from the National Bureau of Statistics, the total output value of the national construction industry in 2022 will be 3.12 billion yuan, a year-on-year increase of 6.5%. Against this background, domestic waterproof mortar production in 2022 will be approximately 1.4 million tons.

At the same time, the development of the domestic waterproof mortar industry is also benefited by the continued improvement of national standards. The “General Specifications for Waterproofing of Buildings and Municipal Engineering” that will be implemented on April 1, 2023 has different specifications for the waterproof layers of building exterior walls with different waterproof levels. It requires frame filling or masonry structure exterior walls with a waterproof level of Level 1. One layer of waterproof mortar and one layer of waterproof coating or other waterproof materials should be provided. In the future, under the background of continuous improvement of relevant standards, the market demand for waterproof mortar in my country will continue to increase, and the industry has huge development potential.

According to the “2023-2028 Waterproof Mortar Industry Market In-depth Research and Investment Prospect Forecast Analysis Report” released by the Industrial Research Center shows that there are currently a large number of companies in the waterproof mortar market in my country, mainly international companies such as Australia’s JCDecaux Building Materials, Switzerland’s Sika, France’s Saint-Gobain, Japan’s Mitsui Waterproofing, Japan’s Nippon Paint, as well as Keshun Waterproof Technology, Three Trees Coatings , Beijing Oriental Yuhong Waterproofing, Shenzhen Zhuobao Technology, Gansu Songyuan Waterproofing, Xindu Hongying Building Waterproofing and other local enterprises. Among them, the companies currently occupying the main share of the domestic waterproof mortar market are Nippon Paint, Degao Building Materials, and Dongfang Yuhong. The market generally presents a competition pattern between domestic companies and international companies.

Industry analysts said that waterproof mortar is a kind of comprehensive performance that is better than waterproof coatings, waterproof membranes, etc. The new waterproof building materials have broad application prospects in the fields of industrial construction, civil construction, and underground engineering waterproofing. In recent years, with the rapid development of the downstream construction field, the market demand for waterproof mortar has continued to increase; with the gradual improvement of domestic construction waterproofing-related specifications and standards, waterproof mortar has ushered in a period of major development opportunities, and the industry has huge potential for future development.