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Waterproofing Chemicals Market Size

The waterproofing chemicals market is experiencing significant growth, driven by increasing demand from the infrastructure and commercial construction sectors. The market's expansion is fueled by rising global infrastructure spending and the need for water ingress prevention in building design and construction. The Asia-Pacific region holds a substantial market share, with countries like China, Japan, and India leading in demand due to their extensive infrastructure projects. North America is expected to witness the fastest growth, supported by government and foreign investments in construction.

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Market Size of waterproofing chemicals Industry

Waterproofing Chemicals Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 6.75 Billion
svg icon Market Size (2030) USD 9.21 Billion
svg icon Largest Share by End Use Sector Infrastructure
svg icon CAGR (2024 - 2030) 5.32 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Waterproofing Chemicals Market Analysis

The Waterproofing Chemicals Market size is estimated at 6.75 billion USD in 2024, and is expected to reach 9.21 billion USD by 2030, growing at a CAGR of 5.32% during the forecast period (2024-2030).

6.75 Billion

Market Size in 2024 (USD)

9.21 Billion

Market Size in 2030 (USD)

4.38 %

CAGR (2018-2023)

5.32 %

CAGR (2024-2030)

Largest Market by Technology

38.69 %

value share, Water-based, 2023

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The segment holds the largest share due to its widespread applications in infrastructure and industrial constructions due to its properties, such as water-resistant, abrasion-resistant, etc.

Largest Market by End Use Sector

31.05 %

value share, Infrastructure, 2023

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Due to significant growth and escalating demand for infrastructure in developing economies coupled with increasing usage of waterproofing chemicals in major infrastructure projects, the infrastructure sector holds the largest share.

Largest Market by Region

44.70 %

value share, Asia-Pacific, 2023

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Asia-Pacific dominated the market due to the growing industrial construction activities in the region and the increasing demand for cementitious grout in countries like China, India, Japan, and South Korea.

Fastest Market by Region

5.82 %

Projected CAGR, North America, 2024-2030

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Owing to large-scale investments of USD 1,792.9 billion to support residential and non-residential construction projects in the region, North America is likely to register the fastest growth during the forecast period.

Leading Company

12.20 %

market share, Sika AG, 2022

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The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.

Rising investment in infrastructure construction projects is likely to boost the demand for waterproofing chemicals

  • The global consumption of waterproofing chemicals grew by 4.65% in value in 2022, driven by rising demand from the infrastructure and commercial construction sectors. The market studied was projected to make up approximately 26.43% of the global waterproofing solutions market in 2023.
  • The infrastructure sector stands as the largest consumer, accounting for about 31.05% in 2023. Global infrastructure spending is set to rise by USD 367 billion from 2023 to 2030, fueled by increased investments in construction projects. For instance, the Government of the United Kingdom has allocated USD 191 million to its Wireless Infrastructure Strategy, targeting enhanced 5G telecommunication infrastructure by 2030. In addition, India plans to invest around USD 4.5 trillion in infrastructure development by 2030. Consequently, the global waterproofing chemicals market for the infrastructure sector is forecasted to reach USD 662 million by 2030.
  • The commercial sector is poised to be the fastest-growing consumer in the market studied, with a projected CAGR of 6.13% during the forecast period. The expanding economy has heightened the demand for commercial spaces, including offices, hotels, and retail malls. Moreover, the United States alone is expected to require 4.61 billion square feet of office space by the end of the forecast period. As a result, the global market for waterproofing chemicals in the commercial sector is anticipated to surge from USD 1.7 billion in 2023 to USD 2.6 billion in 2030.
Global Waterproofing Chemicals Market

Fast-paced construction activities in the Asia-Pacific and North America predicted to bolster the demand for waterproofing chemicals, globally

  • Waterproofing chemicals are essential to all aspects of building design and construction and find applications where a need to prevent water ingress is required. In 2022, the global waterproofing chemicals market witnessed a growth of 4.65% in value compared to 2021. The Middle East & African market for waterproofing chemicals recorded the highest growth of 5.91% in value from 2021 to 2022, followed by North America, which grew by 5.83% in value during the same period. Furthermore, in 2023, the global waterproofing chemicals market was expected to grow by 5.13% in volume compared to 2022.
  • In 2022, the Asia-Pacific region significantly dominated the market, accounting for 45% of the market share by value. Countries like China, Japan, and India had an assertive influence over the demand for waterproofing chemicals in the region. China's public expenditure on transport infrastructure reached USD 165.6 billion in 2022 compared to USD 157.6 billion in 2021. Similarly, the rising construction of manufacturing facilities in Japan, along with India's vision to increase its connectivity through roads, railways, and highways, propelled the growth of the construction sector in the region. Such developments are boosting the consumption of waterproofing chemicals for building and construction.
  • The waterproofing chemicals market in North America is expected to register the fastest CAGR of 5.96% in value, followed by Asia-Pacific, with a CAGR of 5.47% in value, during the forecast period. High-investment projects supported by government funds and foreign direct investments are expected to raise residential, infrastructure, and commercial construction activities in the regions. As a result, the demand for waterproofing chemicals is projected to rise.

Waterproofing Chemicals Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Epoxy-based, Polyurethane-based, Water-based are covered as segments by Technology. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • The global consumption of waterproofing chemicals grew by 4.65% in value in 2022, driven by rising demand from the infrastructure and commercial construction sectors. The market studied was projected to make up approximately 26.43% of the global waterproofing solutions market in 2023.
  • The infrastructure sector stands as the largest consumer, accounting for about 31.05% in 2023. Global infrastructure spending is set to rise by USD 367 billion from 2023 to 2030, fueled by increased investments in construction projects. For instance, the Government of the United Kingdom has allocated USD 191 million to its Wireless Infrastructure Strategy, targeting enhanced 5G telecommunication infrastructure by 2030. In addition, India plans to invest around USD 4.5 trillion in infrastructure development by 2030. Consequently, the global waterproofing chemicals market for the infrastructure sector is forecasted to reach USD 662 million by 2030.
  • The commercial sector is poised to be the fastest-growing consumer in the market studied, with a projected CAGR of 6.13% during the forecast period. The expanding economy has heightened the demand for commercial spaces, including offices, hotels, and retail malls. Moreover, the United States alone is expected to require 4.61 billion square feet of office space by the end of the forecast period. As a result, the global market for waterproofing chemicals in the commercial sector is anticipated to surge from USD 1.7 billion in 2023 to USD 2.6 billion in 2030.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Technology
Epoxy-based
Polyurethane-based
Water-based
Other Technologies
Region
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East and Africa
By Country
Saudi Arabia
United Arab Emirates
Rest of Middle East and Africa
North America
By Country
Canada
Mexico
United States
South America
By Country
Argentina
Brazil
Rest of South America
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Waterproofing Chemicals Market Size Summary

The waterproofing chemicals market is experiencing significant growth, driven by increasing demand from the infrastructure and commercial construction sectors. This market is crucial for preventing water ingress in building design and construction, with applications spanning various sectors. The infrastructure sector is the largest consumer, supported by substantial global investments in construction projects, while the commercial sector is the fastest-growing, fueled by the expanding economy and the need for more commercial spaces. The Asia-Pacific region dominates the market, with countries like China, Japan, and India playing a pivotal role in driving demand through extensive infrastructure and commercial development projects. The market is characterized by a fragmented landscape, with major players like Keshun Waterproof Technology Co., Ltd., MAPEI S.p.A., Oriental Yuhong, Sika AG, and Soprema leading the industry.

The market's growth trajectory is supported by various regional developments and strategic investments by key players. North America and Asia-Pacific are expected to register robust growth rates, driven by high-investment projects and government initiatives. The COVID-19 pandemic initially caused delays and cancellations in construction projects, but as restrictions eased, the market rebounded with increased activity. The residential construction sector faced challenges due to a housing crisis, but government investments and initiatives are expected to stimulate growth in affordable housing. The market's expansion is further bolstered by strategic acquisitions and investments by leading companies, enhancing their production capacities and research capabilities to meet the growing demand for waterproofing solutions.

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Waterproofing Chemicals Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Technology

      1. 1.2.1 Epoxy-based

      2. 1.2.2 Polyurethane-based

      3. 1.2.3 Water-based

      4. 1.2.4 Other Technologies

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Australia

          2. 1.3.1.1.2 China

          3. 1.3.1.1.3 India

          4. 1.3.1.1.4 Indonesia

          5. 1.3.1.1.5 Japan

          6. 1.3.1.1.6 Malaysia

          7. 1.3.1.1.7 South Korea

          8. 1.3.1.1.8 Thailand

          9. 1.3.1.1.9 Vietnam

          10. 1.3.1.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 France

          2. 1.3.2.1.2 Germany

          3. 1.3.2.1.3 Italy

          4. 1.3.2.1.4 Russia

          5. 1.3.2.1.5 Spain

          6. 1.3.2.1.6 United Kingdom

          7. 1.3.2.1.7 Rest of Europe

      3. 1.3.3 Middle East and Africa

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 Saudi Arabia

          2. 1.3.3.1.2 United Arab Emirates

          3. 1.3.3.1.3 Rest of Middle East and Africa

      4. 1.3.4 North America

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Canada

          2. 1.3.4.1.2 Mexico

          3. 1.3.4.1.3 United States

      5. 1.3.5 South America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Argentina

          2. 1.3.5.1.2 Brazil

          3. 1.3.5.1.3 Rest of South America

Waterproofing Chemicals Market Size FAQs

The Global Waterproofing Chemicals Market size is expected to reach USD 6.75 billion in 2024 and grow at a CAGR of 5.32% to reach USD 9.21 billion by 2030.

In 2024, the Global Waterproofing Chemicals Market size is expected to reach USD 6.75 billion.

Waterproofing Chemicals Market Report Snapshots

Waterproofing Chemicals Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030