Top 10 Companies Dominating the Indonesia Waterproofing Market

The Indonesia waterproofing market size reached a value of approximately USD 709.09 million in 2023. The market is expected to grow at a CAGR of 4.90% between 2024 and 2032, reaching a value of USD 1,088.56 million by 2032. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing urbanisation and prevalence of heavy rainfall in the country.

Waterproofing establishes a barrier to inhibit water penetration through surfaces that frequently encounter moisture, including foundations, roofs, and walls. Consequently, waterproofing materials are critical components of building projects, significantly enhancing the durability of construction surfaces. Waterproofing is particularly critical in Indonesia due to the country's high levels of rainfall.

The expansion of the urban population across Indonesia is supporting the Indonesia waterproofing market growth. In 2022, 56% of Indonesia's population resided in urban areas, a figure approximately three times higher than the share recorded in 1960 (BPS 2024d). This urbanisation rate is projected to exceed 70% by 2040.

According to the Indonesia Energy Outlook 2019 published by the Ministry of Energy and Mineral Resources, the number of households in 2020 was estimated to be approximately 67.5 million. This figure is projected to rise to around 70.5 million by 2025 and reach 80 million by 2050, indicating an annual household growth rate of about 0.5%. This growth translates to an expected construction of approximately 600,000 new residential buildings each year.

Figure: Urban population – Indonesia (2018-2023)

The growth in the construction sector is supporting Indonesia waterproofing market development. According to data from the Indonesian Statistics Agency (BPS), the Indonesian construction industry recorded an annual growth rate of 4.83% in 2021.  In December 2021, the government allocated USD 27.1 billion for infrastructure development in its 2022 state budget. This funding is designated to support the construction of six new airports, the development of over 6,000 kilometres of new railway, and the Indonesian Ministry of Public Works' initiative to expand the country's toll road network from 2,000 kilometres to 5,000 kilometres by 2024.

In the third quarter of 2023, the construction sector experienced a year-over-year growth of 6.39%, outpacing the national GDP growth rate of 4.94%. Conversely, the real estate sector recorded a year-over-year growth of 2.21%.

Top 10 Waterproofing Companies in Indonesia:

PT Bostik Indonesia

Bostik is a global adhesive specialist in construction, consumer and industrial markets. The company is present in 45 countries, including 54 production, distribution, sales and administration centers.    Though their building and construction portfolio the company offers waterproofing solutions such as Cementitious sealant, Silyl modified polymer (SMP), bitumen sealant and epoxy sealant. The company offers waterproofing solutions for concrete, sand, cement, timber, metal and cement board.

PT Mapei Indonesia Construction Products

Mapei is a leading producer of adhesives and complementary products for the building sector. The company offers waterproofing solutions such as bituminous emulsions, injection products, joints and cold joints, preparing concrete or brick structures, pure polyurea and hybrid polyurea-based systems, ready-to-use systems, repair of waterproofing - bentonite systems, repair of waterproofing of underground structures, roofing - polymer bitumen membranes, roofing with bituminous membranes, sealing and waterproofing expansion joints and cold joints, synthetic waterproofing membranes.

Sika Indonesia

Sika Indonesia employs more than 300 staff across various functions, including manufacturing, sales and marketing, distribution management, and project management. For building manufacturing the company provides solutions for roof, waterproofing, floor, repair and strengthening, sealant and adhesive, mortar, façade, and protective layer. Waterproofing products include waterproofing mixture, waterproofing cement, waterproofing membrane, waterproofing injection, liquid applied membrane, and waterproofing concrete joints.

BMI Indonesia

BMI Indonesia is part of BMI Group, a prominent manufacturer of pitched roofing and flat roofing. The company offers its solutions through the brands such as BMI Monier, BMI Evergaurd, BMI Wolfin, BMI Icopal, BMI Sealoflex, BMI GCI, BMI GAF. BMI Everguard offers thermoplastic polyolefin membranes for flat roofs. The BMI Everguard system is ideal for commercial, industrial, tertiary buildings, among others.

P.T. BASF Indonesia

BASF has about 112,000 employees across the globe. The company’s portfolio comprises six segments: chemicals, materials, industrial solutions, surface technologies, nutrition and care and agricultural solutions. The company’s shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States.

Saint Gobain Indonesia

Saint-Gobain Indonesia offers customers a wide range of solutions distributed nationwide under the brands Mortar Utama (MU) Weber for Mortar Solutions, Gyproc for Gypsum, Norton for Abrasives, and Adfors for Reinforcing Materials. Saint-Gobain Indonesia currently employs more than 400 employees. The company offers waterproofing solutions for terrace/balconies, bathroom, exteriors, swimming pool and interior.

PT. Fosroc Indonesia

Fosroc is a leading global manufacturer of construction chemicals. The company has a presence in more than 25 countries. The company offers solutions such as adhesives, cement additives, concrete admixtures, concrete repair, waterproofing, surface treatments etc. Fosroc provides a complete range of waterproofing systems from basement to roof, including waterproof membranes and waterstops.

PT. Normet Indonesia

Normet is a leading, innovative technology company. Normet operates globally with over 50 locations in 30 countries worldwide. The company offers waterproofing coatings and additives such as spray applied waterproofing, cement-based liquid applied coatings, polymer-based liquid applied waterproofing, sheet waterproofing membranes, construction and movement joint systems, surface-applied penetrative treatments, and water plugging. The company has a workforce of more than 1,800 professionals.

Pentens Indonesia

Pentens Indonesia is a leading manufacturers and distributor of specialist building materials for all industries including raised floors. Pentens provides green waterproofing solutions for basement, exterior walls (façade), retaining wall, exposed roof, green roof system, swimming pools and pool system features, lift pit, roof insulation system etc. The company has several branches in Indonesia such as Surabaya, Makassar, Medan and Bali.

PT Adhi Cakra Utama Mulia

PT Adhi Cakra Utama Mulia engages in providing waterproofing coating products and other building chemical products. The brands of PT Adhi Cakra Utama Mulia consist of Aquaproof, Aquaproof Pro, Aquaproof Polyester Mesh, Aquagard, Heatgard, Hydrostop, Super Cement, Superfix, Betonmix, Supergrout, and Hydroseal. The products of the company are produced through an ISO 9001 certified management system.