Global Waterproofing Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

The protection of surfaces and parts of buildings like roofs, walls, and foundation surfaces, is necessary for maintaining the structural integrity of the building. The process of waterproofing safeguards buildings from water damage and increases their life. Waterproofing also ensures that the structure is protected from any chemical damage and corrosion.

The rising construction activities, supported by rapid industrialisation and urbanisation, are providing an impetus to the global waterproofing market. Moreover, infrastructure development plans by governments, especially in emerging countries like China, are driving the adoption of waterproofing solutions.

Figure: Global buildings and construction sector overview: 2021

Key Trends and Developments

Global Waterproofing Market Trends

The increasing concern for environmental well-being and personal health is driving the demand for sustainable products among consumers. This trend is particularly evident in the architecture, construction, and engineering industries, where a growing number of professionals are focusing on green developments. As a result, there is a rising opportunity for sustainable and environmentally preferable waterproofing products. Non-toxic solutions with minimal or no volatile organic compounds (VOCs) are preferred due to their positive impact on human health and the environment. This has prompted increased investments in research and development to create innovative, eco-friendly, energy-efficient, and high-quality waterproofing solutions that offer cost-saving benefits.

The increasing importance of waterproofing in maintaining durability and longevity of structures has led to a significant rise in demand for waterproofing products and services. This trend is particularly noticeable in new construction projects, where adherence to building codes often mandates the inclusion of waterproofing measures. Moreover, the market for waterproofing is witnessing a remarkable growth not only in the residential sector but also in the commercial and industrial sectors. This expansion can be attributed to the growing need for waterproofing building components, especially to offer protection against harsh environmental conditions.

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Market Segmentation

The liquid membrane is further categorised into polyurethane membrane, acrylic, epoxy, and bituminous coating.

Based on application, roofs and balconies dominate the global waterproofing market share

Roofing applications demand waterproofing systems that have a low surface weight and are highly flexible. Cold-applied liquid waterproofing solutions are increasingly used for flat roof repairs and balconies in new building projects.

Liquid roofing and waterproofing systems provide an exceptionally robust solution for various construction needs, including new building projects and the refurbishment of roofs, balconies, and walkways. These systems offer a seamless finish, a convenient application process, and the flexibility to address intricate details on roofs.

For parking decks, the demand for high-quality waterproofing systems that offer defence against moisture, chemicals, and salt-infused water is rising.

Based on type, bituminous membrane account for a significant share of the global waterproofing market

Bituminous waterproofing membranes have gained significant popularity due to their high effectiveness and user-friendly nature. Their mechanical properties are highly advantageous, characterised by a soft and flexible consistency, along with complete hydrophobicity.

Meanwhile, TPO (thermoplastic polyolefin) membranes are extensively employed in green building applications, such as planting roof systems, photovoltaic roof systems, and cold roof systems.

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Competitive Landscape

The market players are focusing on expanding their distribution networks, providing high-quality solutions, and targeting the lucrative infrastructure sector to promote and sell their waterproofing solutions.

Other notable players operating in the global waterproofing market include Pidilite Industries Limited, and Arkema S.A, among others.

Global Waterproofing Market Analysis by Region

In 2021, the United States’ construction spending accounted for 4.2% of the country’s gross domestic product (GDP). The rising home improvement and renovation activities, amid growing disposable incomes, are contributing to the growth of the construction sector in the country, creating greater opportunities for residential waterproofing, particularly in basements and crawl spaces.

Investments in construction are increasing in China, supported by initiatives such as the 14th Five-Year Plan that emphasises new infrastructure projects in transportation, energy, water systems, and urban areas. The plan is also encouraging the construction of 50 million square meters of net zero energy consumption buildings, surging the requirement for waterproofing solutions for controlling humidity and maintaining the desired temperature while preventing leakages in building structures.

In March 2023, the construction of 24,500 dwellings was permitted in Germany. A growing construction sector, supported by a progressive focus on energy efficiency is advantageous to the country’s waterproofing market. By effectively waterproofing building exteriors, owners can maintain insulation integrity and reduce moisture-related heat transfer in buildings, resulting in reduced energy consumption and lower utility bills.

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