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India Waterproofing Solutions Market Size

The India Waterproofing Solutions Market is anticipated to experience significant growth, driven by increasing demand from the infrastructure and residential construction sectors. The market's expansion is underscored by India's substantial share in the Asia-Pacific region and the residential sector's dominance in consumption. As India progresses towards becoming a major construction market, the demand for waterproofing solutions is expected to surge, particularly in the residential sector, which is projected to grow rapidly due to new affordable housing initiatives. This growth trajectory highlights the increasing market size and the critical role of government policies and housing demand in shaping the future of waterproofing solutions in India.

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Market Size of india waterproofing solutions Industry

India Waterproofing Solutions Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 1.18 Billion
svg icon Market Size (2030) USD 1.81 Billion
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 7.44 %
svg icon Fastest Growing by End Use Sector Residential
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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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

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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.

Fastest Market by Sub Product

8.27 %

Projected CAGR, Membranes, 2024-2030

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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

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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

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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

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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.
India Waterproofing Solutions 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.
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
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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.

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India 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

India Waterproofing Solutions Market Size FAQs

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.

In 2024, the India Waterproofing Solutions Market size is expected to reach USD 1.18 billion.

India Waterproofing Solutions Market Report Snapshots

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