Market Size of india waterproofing solutions Industry
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 1.18 Billion |
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Market Size (2030) | USD 1.81 Billion |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 7.44 % |
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Fastest Growing by End Use Sector | Residential |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Waterproofing Solutions Market Analysis
The India Waterproofing Solutions Market size is estimated at 1.18 billion USD in 2024, and is expected to reach 1.81 billion USD by 2030, growing at a CAGR of 7.44% during the forecast period (2024-2030).
1.18 Billion
Market Size in 2024 (USD)
1.81 Billion
Market Size in 2030 (USD)
4.82 %
CAGR (2018-2023)
7.44 %
CAGR (2024-2030)
Largest Market by Sub Product
65.91 %
value share, Membranes, 2023
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.
Fastest Market by Sub Product
8.27 %
Projected CAGR, Membranes, 2024-2030
Owing to sustained demand for housing and supportive government policies in the construction sector, the usage of membranes is expected to witness the fastest growth in the coming years.
Largest Market by End Use Sector
31.10 %
value share, Residential, 2023
The growing consumption of waterproofing solutions in major applications, such as roofing, basements, etc., to build durable homes and apartments has driven the consumption of the residential sector in the market.
Fastest Market by End Use Sector
8.83 %
Projected CAGR, Residential, 2024-2030
Increasing awareness of waterproof protection, along with government policies such as Pradhan Mantri Awas Yojana (PMAY) toward housing construction, is likely to support the growth of the residential sector in the coming years.
Leading Company
5.82 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network in the country, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Increasing demand for housing units is likely to drive the demand for waterproofing solutions
- In 2022, the consumption of waterproofing solutions in India saw a 5.60% growth, driven by rising demand from the infrastructure and residential construction sectors. By 2023, India's share of the Asia-Pacific waterproofing solutions market was projected to be approximately 8.46%.
- With a share of 31.28% in 2022, the residential sector was the largest consumer of waterproofing solutions in India. The country's new residential floor area was set to hit 2.66 billion square feet in 2023, buoyed by sustained housing demand, increased investments, and favorable government policies. India is expected to become the world's third-largest construction market by 2025, adding 11.5 million homes annually and reaching a market value of USD 1 trillion. Consequently, the sector's demand for waterproofing solutions is projected to surge by USD 280 million by 2030 compared to 2023.
- The country’s residential sector is also expected to be the fastest-growing consumer of waterproofing solutions, recording the highest CAGR of 9% during the forecast period. New construction of affordable housing units is expected to revitalize India’s residential construction sector and encourage recovery during the forecast period. For instance, by 2030, more than 40% of the Indian population is expected to live in urban India, creating a demand for around 25 million additional affordable housing units. As a result, the country’s waterproofing solutions for the sector are projected to reach USD 619 million in 2030 from USD 339 million in 2023.
Understand The Key Trends Shaping This Market
India 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.
- In 2022, the consumption of waterproofing solutions in India saw a 5.60% growth, driven by rising demand from the infrastructure and residential construction sectors. By 2023, India's share of the Asia-Pacific waterproofing solutions market was projected to be approximately 8.46%.
- With a share of 31.28% in 2022, the residential sector was the largest consumer of waterproofing solutions in India. The country's new residential floor area was set to hit 2.66 billion square feet in 2023, buoyed by sustained housing demand, increased investments, and favorable government policies. India is expected to become the world's third-largest construction market by 2025, adding 11.5 million homes annually and reaching a market value of USD 1 trillion. Consequently, the sector's demand for waterproofing solutions is projected to surge by USD 280 million by 2030 compared to 2023.
- The country’s residential sector is also expected to be the fastest-growing consumer of waterproofing solutions, recording the highest CAGR of 9% during the forecast period. New construction of affordable housing units is expected to revitalize India’s residential construction sector and encourage recovery during the forecast period. For instance, by 2030, more than 40% of the Indian population is expected to live in urban India, creating a demand for around 25 million additional affordable housing units. As a result, the country’s waterproofing solutions for the sector are projected to reach USD 619 million in 2030 from USD 339 million in 2023.
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India Waterproofing Solutions Market Size Summary
The India Waterproofing Solutions Market is experiencing significant growth, driven by increasing demand from the infrastructure and residential construction sectors. The market is characterized by a robust expansion trajectory, with the residential sector emerging as the largest consumer of waterproofing solutions. This growth is fueled by sustained housing demand, increased investments, and favorable government policies, positioning India as a key player in the Asia-Pacific region. The country's construction market is poised to become the third-largest globally, further amplifying the demand for waterproofing solutions. The residential sector, in particular, is expected to witness the highest growth rate, supported by the construction of affordable housing units to accommodate the urban population surge.
In the commercial sector, the demand for waterproofing solutions is also on the rise, driven by the expansion of shopping malls, office spaces, and other commercial facilities. The top seven cities in India are witnessing a surge in new commercial floor area, bolstered by foreign direct investment and a focus on sustainability in construction projects. The market is fragmented, with major players like Ardex Group, Berger Paints India Limited, Saint-Gobain, Sika AG, and Soprema leading the charge. These companies are actively expanding their product offerings and market presence through strategic acquisitions and product developments, ensuring a competitive landscape in the waterproofing solutions market.
India Waterproofing Solutions Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Sub Product
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1.2.1 Chemicals
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1.2.1.1 By Technology
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1.2.1.1.1 Epoxy-based
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1.2.1.1.2 Polyurethane-based
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1.2.1.1.3 Water-based
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1.2.1.1.4 Other Technologies
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1.2.2 Membranes
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1.2.2.1 By Technology
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1.2.2.1.1 Cold Liquid Applied
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1.2.2.1.2 Fully Adhered Sheet
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1.2.2.1.3 Hot Liquid Applied
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1.2.2.1.4 Loose Laid Sheet
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India Waterproofing Solutions Market Size FAQs
How big is the India Waterproofing Solutions Market?
The India Waterproofing Solutions Market size is expected to reach USD 1.18 billion in 2024 and grow at a CAGR of 7.44% to reach USD 1.81 billion by 2030.
What is the current India Waterproofing Solutions Market size?
In 2024, the India Waterproofing Solutions Market size is expected to reach USD 1.18 billion.
