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Waterproofing Solutions Market Size

The waterproofing solutions market is experiencing significant growth, driven by increasing demand from the industrial, institutional, and residential construction sectors. The market's expansion is particularly notable in the Asia-Pacific region, which holds a substantial market share and is expected to lead in growth rate. The residential sector is projected to be the fastest-growing segment, fueled by urbanization and government initiatives. This growth trajectory underscores the critical role of waterproofing solutions in construction, as they provide essential protection against water infiltration, thereby enhancing building durability and safety.

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Market Size of waterproofing solutions Industry

Waterproofing Solutions Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 25.92 Billion
svg icon Market Size (2030) USD 38.44 Billion
svg icon Largest Share by End Use Sector Industrial and Institutional
svg icon CAGR (2024 - 2030) 6.79 %
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 Solutions Market Analysis

The Waterproofing Solutions Market size is estimated at 25.92 billion USD in 2024, and is expected to reach 38.44 billion USD by 2030, growing at a CAGR of 6.79% during the forecast period (2024-2030).

25.92 Billion

Market Size in 2024 (USD)

38.44 Billion

Market Size in 2030 (USD)

5.35 %

CAGR (2018-2023)

6.79 %

CAGR (2024-2030)

Largest Market by Sub Product

73.57 %

value share, Membranes, 2023

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The segment holds the largest share due to its widespread use in commercial and industrial constructions for various applications due to its flexible, sturdy, elastic, and tear-resistant properties.

Largest Market by End Use Sector

32.33 %

value share, Industrial and Institutional, 2023

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Due to the growing consumption of waterproofing solutions for applications such as roofing, building decks, basements, etc., the food, oil and gas, and chemical industries occupied the largest market share.

Largest Market by Region

53.32 %

value share, Asia-Pacific, 2023

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The region has dominated the market due to the growing industrial construction activity and the increasing demand for waterproofing solutions in countries like China, India, Japan, and South Korea.

Fastest Market by Region

7.42 %

Projected CAGR, Asia-Pacific, 2024-2030

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The Asia-Pacific region is expected to grow fastest due to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization.

Leading Company

9.27 %

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.

Leading countries’ plans for construction, such as India’s plan of warehousing space of around 500 million sq. ft by 2030, likely to drive the demand for waterproofing solutions

  • In 2022, the global consumption of waterproofing solutions grew by 5.15% in value, driven by rising demand from the industrial and institutional and residential construction sectors. By 2023, waterproofing solutions are projected to make up approximately 28.46% of the global construction chemicals market.
  • The industrial and institutional sector emerged as the largest consumer of waterproofing solutions, accounting for a 32.09% share in 2022. Investments in new industrial buildings, such as in the United States, where spending is set to hit USD 47.59 billion by 2026, are poised to fuel this growth. Globally, the new industrial floor area is expected to rise by 3.09% in 2030, with a notable surge in warehousing, like India's plan of reaching a projected 500 million sq. ft. Consequently, the demand for waterproofing solutions in this sector is projected to rise by USD 4.2 billion over the forecast period from 2023 to 2030.
  • The residential sector is anticipated to be the fastest-growing consumer of waterproofing solutions, with a robust CAGR of 7.80% during the forecast period. Factors such as urbanization, government initiatives, and both foreign and domestic investments are driving the region's housing needs. By 2030, it is estimated that over 40% of India's population will reside in urban areas, creating a demand for approximately 25 million additional affordable housing units. This surge in demand is expected to propel global waterproofing solutions for the residential sector from USD 5.7 billion in 2023 to USD 9.6 billion in 2030, ensuring the market's growth over the forecast period.
Global Waterproofing Solutions Market

Fast-paced construction activities in Asia-Pacific and North America projected to bolster the demand for waterproofing solutions globally

  • Waterproofing solutions play a pivotal role in building design and construction, serving as a crucial defense against water infiltration. In 2022, the global market for waterproofing solutions witnessed a 5.15% increase in value over the previous year. Notably, the Middle East & Africa led the market, with a remarkable 9.85% surge in value, closely followed by North America, which saw a 6.21% uptick. In 2023, the global waterproofing solutions market was projected to grow by 5.77% in volume, building on the momentum of the previous year.
  • In 2022, Asia-Pacific emerged as the dominant force, commanding a significant 53% market share by value. Notably, countries like China, Japan, and India exerted a strong influence on the region's demand for waterproofing solutions. China's investment in transport infrastructure surged to USD 165.6 billion in 2022, up from USD 157.6 billion in 2021. Japan's uptick in manufacturing facilities and India's push for enhanced connectivity through roads, railways, and highways fueled the construction sector, consequently driving the consumption of waterproofing solutions.
  • Asia-Pacific is poised to witness the highest CAGR of 7.50% by value among other regional segments of the waterproofing solutions market, followed closely by North America, with a CAGR of 6.73% during the forecast period. With robust government funding and foreign direct investments bolstering major projects, the regions are set to witness a surge in residential, infrastructure, and commercial construction activities, thereby amplifying the demand for waterproofing solutions.

Waterproofing Solutions Industry Segmentation

Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Chemicals, Membranes are covered as segments by Sub Product. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • In 2022, the global consumption of waterproofing solutions grew by 5.15% in value, driven by rising demand from the industrial and institutional and residential construction sectors. By 2023, waterproofing solutions are projected to make up approximately 28.46% of the global construction chemicals market.
  • The industrial and institutional sector emerged as the largest consumer of waterproofing solutions, accounting for a 32.09% share in 2022. Investments in new industrial buildings, such as in the United States, where spending is set to hit USD 47.59 billion by 2026, are poised to fuel this growth. Globally, the new industrial floor area is expected to rise by 3.09% in 2030, with a notable surge in warehousing, like India's plan of reaching a projected 500 million sq. ft. Consequently, the demand for waterproofing solutions in this sector is projected to rise by USD 4.2 billion over the forecast period from 2023 to 2030.
  • The residential sector is anticipated to be the fastest-growing consumer of waterproofing solutions, with a robust CAGR of 7.80% during the forecast period. Factors such as urbanization, government initiatives, and both foreign and domestic investments are driving the region's housing needs. By 2030, it is estimated that over 40% of India's population will reside in urban areas, creating a demand for approximately 25 million additional affordable housing units. This surge in demand is expected to propel global waterproofing solutions for the residential sector from USD 5.7 billion in 2023 to USD 9.6 billion in 2030, ensuring the market's growth over the forecast period.
End Use Sector
Commercial
Industrial and Institutional
Infrastructure
Residential
Sub Product
Chemicals
By Technology
Epoxy-based
Polyurethane-based
Water-based
Other Technologies
Membranes
By Technology
Cold Liquid Applied
Fully Adhered Sheet
Hot Liquid Applied
Loose Laid Sheet
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 Solutions Market Size Summary

The waterproofing solutions market is experiencing significant growth, driven by increasing demand from various sectors, particularly industrial, institutional, and residential construction. The market is poised to expand substantially over the forecast period, with the residential sector expected to be the fastest-growing consumer. This growth is fueled by urbanization, government initiatives, and investments in housing, especially in regions like Asia-Pacific, where a substantial portion of the population is expected to move to urban areas. The market's expansion is further supported by the rising need for water infiltration protection in building design and construction, making waterproofing solutions a critical component in the global construction chemicals market.

Regionally, Asia-Pacific dominates the waterproofing solutions market, with countries like China, Japan, and India playing pivotal roles in driving demand through infrastructure and commercial construction projects. The region is anticipated to maintain the highest growth rate, supported by robust government funding and foreign direct investments. North America also shows promising growth, with significant investments in industrial buildings. The market is characterized by fragmentation, with major players like Keshun Waterproof Technology Co., Ltd., MAPEI S.p.A., Oriental Yuhong, Sika AG, and Soprema leading the industry. Strategic collaborations and acquisitions among these companies are expected to enhance their product offerings and market presence, further propelling the market's growth trajectory.

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Waterproofing Solutions 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 Sub Product

      1. 1.2.1 Chemicals

        1. 1.2.1.1 By Technology

          1. 1.2.1.1.1 Epoxy-based

          2. 1.2.1.1.2 Polyurethane-based

          3. 1.2.1.1.3 Water-based

          4. 1.2.1.1.4 Other Technologies

      2. 1.2.2 Membranes

        1. 1.2.2.1 By Technology

          1. 1.2.2.1.1 Cold Liquid Applied

          2. 1.2.2.1.2 Fully Adhered Sheet

          3. 1.2.2.1.3 Hot Liquid Applied

          4. 1.2.2.1.4 Loose Laid Sheet

    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 Solutions Market Size FAQs

The Global Waterproofing Solutions Market size is expected to reach USD 25.92 billion in 2024 and grow at a CAGR of 6.79% to reach USD 38.44 billion by 2030.

In 2024, the Global Waterproofing Solutions Market size is expected to reach USD 25.92 billion.

Waterproofing Solutions Market Report Snapshots

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