Market Size of ASEAN Waterproofing Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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ASEAN Waterproofing Market Analysis
The market for ASEAN waterproofing is expected to register a CAGR of more than 6.5% during the forecast period.
The market has been negatively impacted by the COVID-19 outbreak in 2020, considering government-imposed lockdowns in various countries. Such factors temporarily stopped construction activities in the ASEAN region. However, the market recovered in 2021 and is expected to grow significantly in the coming years.
- The main thing that is driving the growth of the market is that the government is putting more money into building projects.
- Factors like geopolitical concerns and the volatility of trade are likely to hinder the growth of the market.
- The growth of the waterproofing membranes market is likely to be helped by new markets and applications that are just starting up.
- By country, Thailand is expected to dominate the market during the forecast period.
