India Waterproofing Solutions Market Size

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).

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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

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.