Market Size of waterproofing chemicals Industry
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 6.75 Billion |
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Market Size (2030) | USD 9.21 Billion |
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Largest Share by End Use Sector | Infrastructure |
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CAGR (2024 - 2030) | 5.32 % |
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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 Chemicals Market Analysis
The Waterproofing Chemicals Market size is estimated at 6.75 billion USD in 2024, and is expected to reach 9.21 billion USD by 2030, growing at a CAGR of 5.32% during the forecast period (2024-2030).
6.75 Billion
Market Size in 2024 (USD)
9.21 Billion
Market Size in 2030 (USD)
4.38 %
CAGR (2018-2023)
5.32 %
CAGR (2024-2030)
Largest Market by Technology
38.69 %
value share, Water-based, 2023
The segment holds the largest share due to its widespread applications in infrastructure and industrial constructions due to its properties, such as water-resistant, abrasion-resistant, etc.
Largest Market by End Use Sector
31.05 %
value share, Infrastructure, 2023
Due to significant growth and escalating demand for infrastructure in developing economies coupled with increasing usage of waterproofing chemicals in major infrastructure projects, the infrastructure sector holds the largest share.
Largest Market by Region
44.70 %
value share, Asia-Pacific, 2023
Asia-Pacific dominated the market due to the growing industrial construction activities in the region and the increasing demand for cementitious grout in countries like China, India, Japan, and South Korea.
Fastest Market by Region
5.82 %
Projected CAGR, North America, 2024-2030
Owing to large-scale investments of USD 1,792.9 billion to support residential and non-residential construction projects in the region, North America is likely to register the fastest growth during the forecast period.
Leading Company
12.20 %
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.
Rising investment in infrastructure construction projects is likely to boost the demand for waterproofing chemicals
- The global consumption of waterproofing chemicals grew by 4.65% in value in 2022, driven by rising demand from the infrastructure and commercial construction sectors. The market studied was projected to make up approximately 26.43% of the global waterproofing solutions market in 2023.
- The infrastructure sector stands as the largest consumer, accounting for about 31.05% in 2023. Global infrastructure spending is set to rise by USD 367 billion from 2023 to 2030, fueled by increased investments in construction projects. For instance, the Government of the United Kingdom has allocated USD 191 million to its Wireless Infrastructure Strategy, targeting enhanced 5G telecommunication infrastructure by 2030. In addition, India plans to invest around USD 4.5 trillion in infrastructure development by 2030. Consequently, the global waterproofing chemicals market for the infrastructure sector is forecasted to reach USD 662 million by 2030.
- The commercial sector is poised to be the fastest-growing consumer in the market studied, with a projected CAGR of 6.13% during the forecast period. The expanding economy has heightened the demand for commercial spaces, including offices, hotels, and retail malls. Moreover, the United States alone is expected to require 4.61 billion square feet of office space by the end of the forecast period. As a result, the global market for waterproofing chemicals in the commercial sector is anticipated to surge from USD 1.7 billion in 2023 to USD 2.6 billion in 2030.
Understand The Key Trends Shaping This Market
Fast-paced construction activities in the Asia-Pacific and North America predicted to bolster the demand for waterproofing chemicals, globally
- Waterproofing chemicals are essential to all aspects of building design and construction and find applications where a need to prevent water ingress is required. In 2022, the global waterproofing chemicals market witnessed a growth of 4.65% in value compared to 2021. The Middle East & African market for waterproofing chemicals recorded the highest growth of 5.91% in value from 2021 to 2022, followed by North America, which grew by 5.83% in value during the same period. Furthermore, in 2023, the global waterproofing chemicals market was expected to grow by 5.13% in volume compared to 2022.
- In 2022, the Asia-Pacific region significantly dominated the market, accounting for 45% of the market share by value. Countries like China, Japan, and India had an assertive influence over the demand for waterproofing chemicals in the region. China's public expenditure on transport infrastructure reached USD 165.6 billion in 2022 compared to USD 157.6 billion in 2021. Similarly, the rising construction of manufacturing facilities in Japan, along with India's vision to increase its connectivity through roads, railways, and highways, propelled the growth of the construction sector in the region. Such developments are boosting the consumption of waterproofing chemicals for building and construction.
- The waterproofing chemicals market in North America is expected to register the fastest CAGR of 5.96% in value, followed by Asia-Pacific, with a CAGR of 5.47% in value, during the forecast period. High-investment projects supported by government funds and foreign direct investments are expected to raise residential, infrastructure, and commercial construction activities in the regions. As a result, the demand for waterproofing chemicals is projected to rise.
