Waterproofing Solutions Market Size

Statistics for the 2023 & 2024 Waterproofing Solutions market size, created by Mordor Intelligence™ Industry Reports. Waterproofing Solutions size report includes a market forecast to 2030 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

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Market Size of waterproofing solutions Industry

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Waterproofing Solutions Market Summary
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Icons Lable Value
https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2018 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 25.92 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 38.44 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End Use Sector Industrial and Institutional
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.79 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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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).

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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

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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

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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

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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

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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

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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.
Global Waterproofing Solutions Market

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.

Waterproofing Solutions Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030