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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Colombia Waterproofing Market Outlook
The market size for waterproofing in Colombia reached a value of more than USD 238.91 million in 2023. The Colombia waterproofing market is expected to grow at a CAGR of 5.0% between 2024 and 2032, reaching a value of USD 370.23 million by 2032.
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Key Trends in the Market
Waterproofing refers to the process of making a structure or object water-resistant. The protected structure or material remains untouched by water or resists water in this process. Waterproofing can be employed in wet environments or under depths of water. It is also utilised to enhance the durability of buildings by through implementation on surfaces like warehouses or balconies which are likely to come into contact with water.
The surging demand from the waste and water management industry and the rising development in water conservation infrastructure is driving the Colombia waterproofing market growth during the forecast period.
The growing consciousness among consumers about the advantages of waterproofing coupled with the adoption of new materials like geomembranes is expected to fuel the market growth of waterproofing over the coming years.
The rapid industrialisation due to the rising construction projects as well as the housing developments are likely to propel the demand for sheet membranes. This is further expected to bolster the market growth of waterproofing.
Market Analysis
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Based on type, the market can be segmented into the liquid membrane, cementitious membrane, bituminous membrane, and thermoplastic membrane, among others. On the basis of application, the market is categorised into roofs and balconies, water management, bridges and highways, and landfill and tunnels, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Colombia waterproofing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Sika Colombia S.A.S
- Holcim (Colombia) SA
- Pinturas Probaquímica
- Coral Impermeabilizantes
- Hernanbar SAS
- Cubriseal
- Proim SAS
- Ruderil Colombia
- Others
Market Share by Type
The liquid membrane segment is expected to gain momentum in the Colombia waterproofing market on account of its cost-effectiveness along with its longer shelf life. The liquid membrane facilitates strong bonds and adhesive properties with most surfaces and is implemented by roller, brush, or sprayed onto concrete surfaces to create elastic membranes on curing. Such membranes comprise of exceptional tensile strength along with strong mechanical and physical properties and extension capacity. Moreover, its toughness and high resilience permit them to link structural cracks as well as prevent shrinkage in concrete which is likely to have a positive influence on the segment growth in the market of waterproofing.
Market Share by Application
The roofs and balconies segment is expected to augment the waterproofing market share on account of the surging demand for residential construction across Colombia. Waterproofing products provide capable roofing solutions through their excellent tensile strength, extension, rear strength, and resistance to heat, aging, weathering, UV rays, acids & alkalis, ozone, and solvents. They suit a variety of building applications including bridge cracks, concrete, and brick. Such aspects are expected to propel the segment growth in the Colombia waterproofing market.
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Competitive Landscape
Holcim (Colombia) SA is a sustainable and innovative building solution enterprise. It supports smarter infrastructure along with greener cities and enhanced living standards across the globe. It is pushing circular construction and recycling to build more with less.
Coral Impermeabilizantes produces asphalt fabrics. It provides waterproofing products along with hardware for the construction industry. The company deals with liquid and solid pitches, paintings, cloaks, stucco, asphalt fabrics, and ruanas.
Proim SAS is a leading Colombian company involved in the wholesale production and marketing of hardware items, paints, and construction materials. The company manufactures asphalt as well as polyethylene waterproofing manufactured goods for warehouses, hardware stores, and the construction sector.
Other market players include Sika Colombia S.A.S, Pinturas Probaquímica, Hernanbar SAS, Cubriseal, and Ruderil Colombia, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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Colombia Waterproofing Market Report Snapshots
Colombia Waterproofing Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the waterproofing market in Colombia attained a value of nearly USD 238.91 million.
The market is assessed to grow at a CAGR of 5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, to reach almost USD 370.23 million by 2032.
The major market drivers are the increasing urban population along with the growing construction industry.
The key market trends include the increasing disposable income among people and the expansion of infrastructure along with rapid industrialisation.
The various types in the market for waterproofing include liquid membrane, cementitious membrane, bituminous membrane, and thermoplastic membrane, among others.
The major players in the Colombia waterproofing market are Sika Colombia S.A.S, Holcim (Colombia) SA, Pinturas Probaquímica, Coral Impermeabilizantes, Hernanbar SAS, Cubriseal, Proim SAS, and Ruderil Colombia, among others.
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