Market Size of indonesia waterproofing solutions Industry
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 295.72 Million |
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Market Size (2030) | USD 452.12 Million |
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Largest Share by End Use Sector | Infrastructure |
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CAGR (2024 - 2030) | 7.33 % |
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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 |
Indonesia Waterproofing Solutions Market Analysis
The Indonesia Waterproofing Solutions Market size is estimated at 295.72 million USD in 2024, and is expected to reach 452.12 million USD by 2030, growing at a CAGR of 7.33% during the forecast period (2024-2030).
295.72 Million
Market Size in 2024 (USD)
452.12 Million
Market Size in 2030 (USD)
5.77 %
CAGR (2018-2023)
7.33 %
CAGR (2024-2030)
Largest Market by Sub Product
70.19 %
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
7.87 %
Projected CAGR, Membranes, 2024-2030
Owing to sustained demand for housing and supportive government policies in the construction sector, the usage of membranes in the construction sector is expected to witness the fastest growth in the coming years.
Largest Market by End Use Sector
26.70 %
value share, Infrastructure, 2023
Due to significant growth and escalating demand for infrastructure, such as rail, road, etc., coupled with increasing usage of waterproofing solutions in major infrastructure projects, the infrastructure sector holds the largest share.
Fastest Market by End Use Sector
8.13 %
Projected CAGR, Residential, 2024-2030
The increasing awareness of waterproof protection and structural deterioration, along with government policies toward housing construction, is likely to support the growth of the residential sector in the coming years.
Leading Company
23.49 %
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.
Rising demand for housing units is likely to drive the demand for waterproofing solutions
- In 2022, the consumption of waterproofing solutions in Indonesia saw a 3.89% growth in terms of value, driven by rising demand from the infrastructure, residential, and commercial construction sectors. By 2023, the Indonesian waterproofing solutions market was expected to make up approximately 2.13% of the broader Asia-Pacific market.
- The infrastructure end-use sector stands as the largest consumer of waterproofing solutions, accounting for 27.49% in 2022. Infrastructure spending was anticipated to amount to a value of USD 58.27 billion in 2023. Owing to the growing spending, Indonesia's focus on green infrastructure, especially in energy and transportation, presents a significant investment opportunity. By 2030, the country is projected to require USD 322.8 billion for climate-compatible infrastructure, with energy and transport accounting for 75% at USD 245 billion. Consequently, the sector's demand for waterproofing solutions is projected to rise by USD 34.93 million from 2023 to 2030.
- Indonesia's residential sector is poised to be the fastest-growing consumer, with a CAGR of 8.27% during the forecast period. The country's new residential floor area was set to hit 778 million sq. ft in 2023. The Government of Indonesia (GOI) aims to construct 1 million housing units by 2025, as the nation's housing needs are estimated to reach 30 million units. This surge in housing projects is expected to drive the sector's demand for waterproofing solutions to USD 111 million by 2030, up from USD 63.68 million in 2023.
Indonesia 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 Indonesia saw a 3.89% growth in terms of value, driven by rising demand from the infrastructure, residential, and commercial construction sectors. By 2023, the Indonesian waterproofing solutions market was expected to make up approximately 2.13% of the broader Asia-Pacific market.
- The infrastructure end-use sector stands as the largest consumer of waterproofing solutions, accounting for 27.49% in 2022. Infrastructure spending was anticipated to amount to a value of USD 58.27 billion in 2023. Owing to the growing spending, Indonesia's focus on green infrastructure, especially in energy and transportation, presents a significant investment opportunity. By 2030, the country is projected to require USD 322.8 billion for climate-compatible infrastructure, with energy and transport accounting for 75% at USD 245 billion. Consequently, the sector's demand for waterproofing solutions is projected to rise by USD 34.93 million from 2023 to 2030.
- Indonesia's residential sector is poised to be the fastest-growing consumer, with a CAGR of 8.27% during the forecast period. The country's new residential floor area was set to hit 778 million sq. ft in 2023. The Government of Indonesia (GOI) aims to construct 1 million housing units by 2025, as the nation's housing needs are estimated to reach 30 million units. This surge in housing projects is expected to drive the sector's demand for waterproofing solutions to USD 111 million by 2030, up from USD 63.68 million in 2023.
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Indonesia Waterproofing Solutions Market Size Summary
The Indonesia Waterproofing Solutions Market is experiencing significant growth, driven by increasing demand from the infrastructure, residential, and commercial construction sectors. The infrastructure sector is the largest consumer of waterproofing solutions, with a substantial portion of the market share. This demand is fueled by the country's focus on green infrastructure and substantial investments in energy and transportation projects. The residential sector is anticipated to be the fastest-growing segment, supported by government initiatives to address housing shortages and urbanization trends. The commercial sector, while recovering from the impacts of the COVID-19 pandemic, is witnessing a resurgence due to foreign direct investment and the need for new commercial spaces.
The market is moderately consolidated, with major players like Avian Brands, Fosroc, Inc., Saint-Gobain, Sika AG, and Soprema holding significant shares. These companies are actively expanding their portfolios through strategic acquisitions and innovations in waterproofing technologies. The market's growth trajectory is underpinned by the increasing urbanization, government-led housing projects, and the ongoing development of commercial real estate. As Indonesia continues to invest in infrastructure and housing, the demand for waterproofing solutions is expected to rise, presenting lucrative opportunities for market participants.
Indonesia 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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Indonesia Waterproofing Solutions Market Size FAQs
How big is the Indonesia Waterproofing Solutions Market?
The Indonesia Waterproofing Solutions Market size is expected to reach USD 295.72 million in 2024 and grow at a CAGR of 7.33% to reach USD 452.12 million by 2030.
What is the current Indonesia Waterproofing Solutions Market size?
In 2024, the Indonesia Waterproofing Solutions Market size is expected to reach USD 295.72 million.
