Waterproofing Solutions Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 25.92 Billion |
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Market Size (2030) | USD 38.44 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 6.79 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
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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.
Global Waterproofing Solutions Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Waterproofing Solutions Industry Overview
The Waterproofing Solutions Market is fragmented, with the top five companies occupying 24.75%. The major players in this market are Keshun Waterproof Technology Co., ltd., MAPEI S.p.A., Oriental Yuhong, Sika AG and Soprema (sorted alphabetically).
Waterproofing Solutions Market Leaders
Keshun Waterproof Technology Co., ltd.
MAPEI S.p.A.
Oriental Yuhong
Sika AG
Soprema
Other important companies include Ardex Group, Fosroc, Inc., RPM International Inc., Saint-Gobain, Standard Industries Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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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.
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 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 By Country
- 5.3.1.1.1 Australia
- 5.3.1.1.2 China
- 5.3.1.1.3 India
- 5.3.1.1.4 Indonesia
- 5.3.1.1.5 Japan
- 5.3.1.1.6 Malaysia
- 5.3.1.1.7 South Korea
- 5.3.1.1.8 Thailand
- 5.3.1.1.9 Vietnam
- 5.3.1.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 By Country
- 5.3.2.1.1 France
- 5.3.2.1.2 Germany
- 5.3.2.1.3 Italy
- 5.3.2.1.4 Russia
- 5.3.2.1.5 Spain
- 5.3.2.1.6 United Kingdom
- 5.3.2.1.7 Rest of Europe
- 5.3.3 Middle East and Africa
- 5.3.3.1 By Country
- 5.3.3.1.1 Saudi Arabia
- 5.3.3.1.2 United Arab Emirates
- 5.3.3.1.3 Rest of Middle East and Africa
- 5.3.4 North America
- 5.3.4.1 By Country
- 5.3.4.1.1 Canada
- 5.3.4.1.2 Mexico
- 5.3.4.1.3 United States
- 5.3.5 South America
- 5.3.5.1 By Country
- 5.3.5.1.1 Argentina
- 5.3.5.1.2 Brazil
- 5.3.5.1.3 Rest of South America
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 Keshun Waterproof Technology Co., ltd.
- 6.4.4 MAPEI S.p.A.
- 6.4.5 Oriental Yuhong
- 6.4.6 RPM International Inc.
- 6.4.7 Saint-Gobain
- 6.4.8 Sika AG
- 6.4.9 Soprema
- 6.4.10 Standard Industries Inc.
- *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, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 6:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 7:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN COMMERCIAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 9:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN COMMERCIAL SECTOR, BY SUB PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 10:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 11:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY SUB PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 12:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN INFRASTRUCTURE SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 13:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN INFRASTRUCTURE SECTOR, BY SUB PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 14:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED IN RESIDENTIAL SECTOR, USD, GLOBAL, 2018 - 2030
- Figure 15:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED IN RESIDENTIAL SECTOR, BY SUB PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 16:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY SUB PRODUCT, USD, GLOBAL, 2018 - 2030
- Figure 17:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY SUB PRODUCT, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VALUE OF CHEMICALS WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2018 - 2030
- Figure 19:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 20:
- VALUE OF EPOXY-BASED CHEMICALS CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 21:
- VALUE SHARE OF EPOXY-BASED CHEMICALS CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 22:
- VALUE OF POLYURETHANE-BASED CHEMICALS CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 23:
- VALUE SHARE OF POLYURETHANE-BASED CHEMICALS CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 24:
- VALUE OF WATER-BASED CHEMICALS CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 25:
- VALUE SHARE OF WATER-BASED CHEMICALS CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 26:
- VALUE OF OTHER TECHNOLOGIES CHEMICALS CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 27:
- VALUE SHARE OF OTHER TECHNOLOGIES CHEMICALS CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 28:
- VALUE OF MEMBRANES WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, USD, GLOBAL, 2018 - 2030
- Figure 29:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY TECHNOLOGY, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 30:
- VALUE OF COLD LIQUID APPLIED MEMBRANES CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 31:
- VALUE SHARE OF COLD LIQUID APPLIED MEMBRANES CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 32:
- VALUE OF FULLY ADHERED SHEET MEMBRANES CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 33:
- VALUE SHARE OF FULLY ADHERED SHEET MEMBRANES CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 34:
- VALUE OF HOT LIQUID APPLIED MEMBRANES CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 35:
- VALUE SHARE OF HOT LIQUID APPLIED MEMBRANES CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 36:
- VALUE OF LOOSE LAID SHEET MEMBRANES CONSUMED, USD, GLOBAL, 2018 - 2030
- Figure 37:
- VALUE SHARE OF LOOSE LAID SHEET MEMBRANES CONSUMED, BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 38:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY REGION, USD, GLOBAL, 2018 - 2030
- Figure 39:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 40:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 41:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 42:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, AUSTRALIA, 2018 - 2030
- Figure 43:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 44:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, CHINA, 2018 - 2030
- Figure 45:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 46:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, INDIA, 2018 - 2030
- Figure 47:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 48:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, INDONESIA, 2018 - 2030
- Figure 49:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 50:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, JAPAN, 2018 - 2030
- Figure 51:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 52:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, MALAYSIA, 2018 - 2030
- Figure 53:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 54:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, SOUTH KOREA, 2018 - 2030
- Figure 55:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 56:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, THAILAND, 2018 - 2030
- Figure 57:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 58:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, VIETNAM, 2018 - 2030
- Figure 59:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 60:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 61:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 62:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, USD, EUROPE, 2018 - 2030
- Figure 63:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 64:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, FRANCE, 2018 - 2030
- Figure 65:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 66:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, GERMANY, 2018 - 2030
- Figure 67:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 68:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, ITALY, 2018 - 2030
- Figure 69:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 70:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, RUSSIA, 2018 - 2030
- Figure 71:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 72:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, SPAIN, 2018 - 2030
- Figure 73:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 74:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, UNITED KINGDOM, 2018 - 2030
- Figure 75:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 76:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, REST OF EUROPE, 2018 - 2030
- Figure 77:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 78:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, USD, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 79:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 80:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, SAUDI ARABIA, 2018 - 2030
- Figure 81:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 82:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 83:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 84:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 85:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 86:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2018 - 2030
- Figure 87:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 88:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, CANADA, 2018 - 2030
- Figure 89:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 90:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, MEXICO, 2018 - 2030
- Figure 91:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 92:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, UNITED STATES, 2018 - 2030
- Figure 93:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 94:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030
- Figure 95:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 96:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, ARGENTINA, 2018 - 2030
- Figure 97:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 98:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, BRAZIL, 2018 - 2030
- Figure 99:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 100:
- VALUE OF WATERPROOFING SOLUTIONS CONSUMED, USD, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 101:
- VALUE SHARE OF WATERPROOFING SOLUTIONS CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 102:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 103:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 104:
- REVENUE SHARE OF ALL WATERPROOFING SOLUTIONS BY MAJOR PLAYERS, %, GLOBAL, 2022
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 | |||
| Sub Product | 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 | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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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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