Asia-Pacific Waterproofing Solutions Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 13.91 Billion |
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Market Size (2030) | USD 21.38 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 7.42 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Waterproofing Solutions Market Analysis
The Asia-Pacific Waterproofing Solutions Market size is estimated at 13.91 billion USD in 2024, and is expected to reach 21.38 billion USD by 2030, growing at a CAGR of 7.42% during the forecast period (2024-2030).
13.91 Billion
Market Size in 2024 (USD)
21.38 Billion
Market Size in 2030 (USD)
5.89 %
CAGR (2018-2023)
7.42 %
CAGR (2024-2030)
Largest Market by Sub Product
77.84 %
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.
Largest Market by End Use Sector
32.71 %
value share, Industrial and Institutional, 2023
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 Country
66.95 %
value share, China, 2023
The development of provinces in China, followed by the construction of huge residential complexes, increased the demand for waterproofing solutions, making China the region's largest consumer.
Fastest Market by Country
7.65 %
Projected CAGR, China, 2024-2030
With rising infrastructure spending in China, which is the highest among other countries in Asia-Pacific, and rapid housing construction, the country is expected to be the fastest-growing in the region.
Leading Company
10.82 %
market share, Keshun Waterproof Technology Co., ltd., ltd.
The company has dominated the market with a wide range of waterproofing products such as waterproof coating, bitumen membranes, and others.
Growing demand for housing units is likely to make the residential end-use sector the fastest growing in Asia-Pacific
- In 2022, the Asia-Pacific region witnessed a 4.77% growth in the consumption of waterproofing solutions, driven by rising demand from the industrial, institutional, and residential construction sectors. By 2023, the region is projected to capture approximately 53.32% of the global waterproofing solutions market.
- The industrial and institutional sector dominates the region's waterproofing solutions consumption, accounting for 32.45% in 2022. This sector's new floor area is set to rise by 1.16 billion square feet by 2030, a significant increase from 2023. This surge is attributed to heightened investments in industrial, education, and healthcare construction, bolstered by urbanization and industrialization trends. Consequently, the sector's demand for waterproofing solutions is projected to rise by USD 2.5 billion by 2030, compared to 2023.
- The residential sector in the region is poised to witness the highest growth in waterproofing solutions consumption, with a CAGR of 8.43% during the forecast period. The region's urbanization, coupled with economic stimuli from government initiatives and both foreign and domestic investments, is driving the demand for housing. By 2030, it is projected that over 40% of India's population will reside in urban areas, necessitating around 25 million additional affordable housing units. Consequently, the region's waterproofing solutions consumption for the residential sector is anticipated to surge from USD 3.2 billion in 2023 to USD 5.7 billion in 2030.
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High demand is forecasted for waterproofing solutions in China, followed by the revival of residential construction projects
- Waterproofing solutions include membranes and chemicals that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. In 2022, the Asia-Pacific waterproofing solutions market grew by 4.77% in value compared to 2021, with countries like Australia and Thailand having the highest growth of 7.40% and 6.84%, respectively. Furthermore, in 2023, the market was projected to grow by 6.11% in value compared to 2022.
- China's waterproofing solutions market accounted for the largest market share of 66% by value in 2022. Among all end-use sectors in the country, industrial and residential construction significantly dominated the waterproofing solutions market. In 2022, industrial construction occupied USD 2.8 billion of the gross market share for waterproofing solutions and was likely to grow further in 2023 by 7.97% in value compared to the previous year. Moreover, the Chinese waterproofing solutions market was anticipated to grow by 6.85% in value from 2022 to 2023.
- The Chinese waterproofing solutions market is estimated to register the fastest CAGR of 7.72% in value during the forecast period. The country is projected to witness an increase of about 2.35 billion sq. ft in the new floor area for residential construction by 2030 compared to 2022. This can be attributed to the lowering of mortgage borrowing rates, down-payment requirements, and relaxed restrictions on home purchases. As a result, the Chinese waterproofing solutions market for residential construction is expected to grow at the fastest CAGR of 8.58% in value during the forecast period.
Asia-Pacific Waterproofing Solutions Market Trends
Rising retail and office spaces in countries such as India to boost the Asia-Pacific commercial construction sector
- In 2022, Asia-Pacific witnessed a 3.23% decline in its commercial new floor area compared to the previous year. This setback was attributed to factors such as regulatory pressures, higher inflation, and a surge in mortgage rates. In 2023, the region rebounded, with commercial construction new floor area increasing by approximately 146 million sq. ft. This surge was primarily driven by a rise in foreign direct investment (FDI), which spurred the demand for new offices, warehouses, retail outlets, and other facilities. Notably, the Vietnamese construction sector attracted an FDI capital of USD 71.44 million in 2023.
- In 2020, the Asia-Pacific region experienced a significant setback in commercial new floor area, with a volume decline of 21.92% compared to 2019. This decline was primarily due to widespread government lockdowns, which disrupted project work and severely impacted supply chains, equipment, and labor. However, as restrictions eased, the region witnessed a remarkable rebound, with its commercial new floor area surging by 20.98% in 2021, reaching a volume of approximately 526 million sq. ft.
- Asia-Pacific's commercial new floor area is projected to witness substantial growth, with an estimated increase of 1.41 billion sq. ft by 2030 compared to 2023. This surge is fueled by a rising demand for shopping malls, office spaces, retail outlets, and more. The Asia-Pacific region is emerging as a global retail powerhouse, contributing to nearly three-quarters of the worldwide retail growth. For instance, the Indian Grade A office market in its top seven cities may to expand to 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft. by 2030. Overall, the commercial new floor area in Asia-Pacific is projected to witness a volume CAGR of 5.16% during the forecast period.
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Rising affordable housing units, such as India’s likely to reach 25 million by 2030, to augment the residential constructions in the region
- In 2022, the residential new floor area in the Asia-Pacific region saw a volume decline of approximately 5.39% from the previous year. This dip was a result of the sector normalizing after a surge in building activity during the COVID-19 pandemic. The region's residential sector is driven by a growing population, increasing wealth, and rapid urbanization. The residential new floor area in the region was expected to rise by 410 million sq. ft in 2023 compared to 2022.
- In 2020, the residential new floor area in Asia-Pacific declined in volume by around 5.06% compared to 2019. This was primarily due to government-imposed lockdowns, disruptions in the supply chain, labor shortages, reduced construction productivity, and low foreign investments. However, as restrictions eased, the region saw a significant rebound, with the residential new floor area surging by about 1.4 billion sq. ft in 2021, driven by the addition of new residential housing units. For instance, in 2021 alone, the Indian residential real estate market introduced approximately 163 thousand new residential units across its top seven cities.
- The residential new floor area in the Asia-Pacific region is projected to witness a CAGR of 3.98% during the forecast period. This growth can be attributed to the demand for housing, increased investments, and favorable government policies. The focus on constructing more affordable housing units is expected to rejuvenate the residential construction sector in the region, aiding its recovery. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for an additional 25 million affordable housing units. This surge in demand is expected to push the Indian residential real estate market to reach 1.5 million units by 2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rise in warehousing space, such as India's around 500 million sq. ft increase by 2030, is likely to boost the demand for industrial & institutional constructions in the region
- Increasing infrastructure needs, which are likely to exceed USD 22.6 trillion by 2030, will augment the demand for the infrastructure sector
Asia-Pacific Waterproofing Solutions Industry Overview
The Asia-Pacific Waterproofing Solutions Market is fragmented, with the top five companies occupying 21.44%. The major players in this market are Keshun Waterproof Technology Co., ltd., Oriental Yuhong, Saint-Gobain, Sika AG and Soprema (sorted alphabetically).
Asia-Pacific Waterproofing Solutions Market Leaders
Keshun Waterproof Technology Co., ltd.
Oriental Yuhong
Saint-Gobain
Sika AG
Soprema
Other important companies include Ardex Group, Fosroc, Inc., Hongyuan Waterproof Technology Group Co., Ltd., Lonseal Corporation, MBCC Group.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Waterproofing Solutions Market News
- May 2023: Oriental Yuhong signed a strategic cooperation agreement with Hebei Aorun Shunda Group to collaborate on multi-dimensional research in the fields of waterproofing membranes and thermal insulation coatings, among other solutions.
- May 2023: Sika, a global leader in construction chemicals, acquired the MBCC Group, including its waterproofing solutions, anchors & grouts, flooring resins, repair & rehabilitation chemicals, and other businesses, with the exception of its concrete admixture operations in Europe, North America, Australia, and New Zealand.
- March 2023: To further develop its portfolio of building products, including waterproofing solutions, Oriental Yuhong initiated a strategic cooperation agreement with Luoyang Longfeng Construction Investment Co., Ltd. This agreement is expected to result in the exchange of resources in the field of construction materials.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Asia-Pacific Waterproofing Solutions Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Sub Product
- 5.2.1 Chemicals
- 5.2.1.1 By Technology
- 5.2.1.1.1 Epoxy-based
- 5.2.1.1.2 Polyurethane-based
- 5.2.1.1.3 Water-based
- 5.2.1.1.4 Other Technologies
- 5.2.2 Membranes
- 5.2.2.1 By Technology
- 5.2.2.1.1 Cold Liquid Applied
- 5.2.2.1.2 Fully Adhered Sheet
- 5.2.2.1.3 Hot Liquid Applied
- 5.2.2.1.4 Loose Laid Sheet
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5.3 Country
- 5.3.1 Australia
- 5.3.2 China
- 5.3.3 India
- 5.3.4 Indonesia
- 5.3.5 Japan
- 5.3.6 Malaysia
- 5.3.7 South Korea
- 5.3.8 Thailand
- 5.3.9 Vietnam
- 5.3.10 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Ardex Group
- 6.4.2 Fosroc, Inc.
- 6.4.3 Hongyuan Waterproof Technology Group Co., Ltd.
- 6.4.4 Keshun Waterproof Technology Co., ltd.
- 6.4.5 Lonseal Corporation
- 6.4.6 MBCC Group
- 6.4.7 Oriental Yuhong
- 6.4.8 Saint-Gobain
- 6.4.9 Sika AG
- 6.4.10 Soprema
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 5:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 6:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 7:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 8:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN COMMERCIAL SECTOR, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 9:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN COMMERCIAL SECTOR, BY SUB PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 10:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 11:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY SUB PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 12:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN INFRASTRUCTURE SECTOR, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 13:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN INFRASTRUCTURE SECTOR, BY SUB PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 14:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN RESIDENTIAL SECTOR, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 15:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN RESIDENTIAL SECTOR, BY SUB PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 16:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY SUB PRODUCT, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 17:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY SUB PRODUCT, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 18:
- VALUE OF CHEMICALS WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 20:
- VALUE OF EPOXY-BASED CHEMICALS CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 21:
- VALUE SHARE OF EPOXY-BASED CHEMICALS CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 22:
- VALUE OF POLYURETHANE-BASED CHEMICALS CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 23:
- VALUE SHARE OF POLYURETHANE-BASED CHEMICALS CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 24:
- VALUE OF WATER-BASED CHEMICALS CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 25:
- VALUE SHARE OF WATER-BASED CHEMICALS CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 26:
- VALUE OF OTHER TECHNOLOGIES CHEMICALS CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 27:
- VALUE SHARE OF OTHER TECHNOLOGIES CHEMICALS CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 28:
- VALUE OF MEMBRANES WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 29:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 30:
- VALUE OF COLD LIQUID APPLIED MEMBRANES CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 31:
- VALUE SHARE OF COLD LIQUID APPLIED MEMBRANES CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 32:
- VALUE OF FULLY ADHERED SHEET MEMBRANES CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 33:
- VALUE SHARE OF FULLY ADHERED SHEET MEMBRANES CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 34:
- VALUE OF HOT LIQUID APPLIED MEMBRANES CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 35:
- VALUE SHARE OF HOT LIQUID APPLIED MEMBRANES CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 36:
- VALUE OF LOOSE LAID SHEET MEMBRANES CONSUMED, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 37:
- VALUE SHARE OF LOOSE LAID SHEET MEMBRANES CONSUMED, BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 38:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 39:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 40:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, AUSTRALIA, 2018 - 2030
- Figure 41:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 42:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, CHINA, 2018 - 2030
- Figure 43:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 44:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 45:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 46:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, INDONESIA, 2018 - 2030
- Figure 47:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 48:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, JAPAN, 2018 - 2030
- Figure 49:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 50:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, MALAYSIA, 2018 - 2030
- Figure 51:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 52:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, SOUTH KOREA, 2018 - 2030
- Figure 53:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 54:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, THAILAND, 2018 - 2030
- Figure 55:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 56:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, VIETNAM, 2018 - 2030
- Figure 57:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 58:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 59:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 60:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2020 - 2023
- Figure 61:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 62:
- REVENUE SHARE OF ALL WATERPROOFING SOLUTIONS BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific 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. Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam are covered as segments by Country.
- In 2022, the Asia-Pacific region witnessed a 4.77% growth in the consumption of waterproofing solutions, driven by rising demand from the industrial, institutional, and residential construction sectors. By 2023, the region is projected to capture approximately 53.32% of the global waterproofing solutions market.
- The industrial and institutional sector dominates the region's waterproofing solutions consumption, accounting for 32.45% in 2022. This sector's new floor area is set to rise by 1.16 billion square feet by 2030, a significant increase from 2023. This surge is attributed to heightened investments in industrial, education, and healthcare construction, bolstered by urbanization and industrialization trends. Consequently, the sector's demand for waterproofing solutions is projected to rise by USD 2.5 billion by 2030, compared to 2023.
- The residential sector in the region is poised to witness the highest growth in waterproofing solutions consumption, with a CAGR of 8.43% during the forecast period. The region's urbanization, coupled with economic stimuli from government initiatives and both foreign and domestic investments, is driving the demand for housing. By 2030, it is projected that over 40% of India's population will reside in urban areas, necessitating around 25 million additional affordable housing units. Consequently, the region's waterproofing solutions consumption for the residential sector is anticipated to surge from USD 3.2 billion in 2023 to USD 5.7 billion in 2030.
| End Use Sector | Commercial | ||
| Industrial and Institutional | |||
| Infrastructure | |||
| Residential | |||
| Sub Product | Chemicals | By Technology | Epoxy-based |
| Polyurethane-based | |||
| Water-based | |||
| Other Technologies | |||
| Sub Product | Membranes | By Technology | Cold Liquid Applied |
| Fully Adhered Sheet | |||
| Hot Liquid Applied | |||
| Loose Laid Sheet | |||
| Country | Australia | ||
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific |
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Market Definition
- END-USE SECTOR - Waterproofing solutions consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of waterproofing solutions such as membranes, coatings, and chemicals are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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