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Report Overview
The global waterproofing market size was approximately USD 65.89 Billion in 2023. The market is estimated to grow at a CAGR of 5.20% during 2024-2032 to reach a value of USD 103.98 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The market benefits from the growth of the construction sector, which is estimated to register an annual growth rate of 3.9% by the year 2030.
- Waterproofing helps to increase property value by up to 25%.
- Waterproofing of buildings helps in saving energy by 10-15%, thereby promoting sustainable building design.
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.
Waterproofing Market Report Snapshots
Waterproofing Market Regional Analysis
*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
The market attained a value of USD 65.89 Billion in 2023.
The market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 103.98 Billion by 2032.
The key drivers include the expansion of the construction and infrastructure sector, rising adoption of environment-friendly waterproofing solutions, and significant technological advancements.
The key regional markets for waterproofing are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types include bituminous membrane, liquid membrane, cementitious membrane, thermoplastic membrane, and others.
The various applications include roofs and balconies, parking deck, bridges and highways, tunnel liners, and others.
The key players in the market include DuPont de Nemours, Inc., Wacker Chemie AG, Sika AG, GAF Materials LLC, Pidilite Industries Limited, and Arkema S.A, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124