Malaysia Waterproofing Market Report and Forecast 2024-2032

Malaysia Waterproofing Market Outlook

The Malaysia waterproofing market size reached a value of approximately USD 229.09 million in 2023. The market is expected to grow at a CAGR of 4.90% between 2024 and 2032, reaching a value of USD 351.69 million by 2032.

Key Trends in the Market

Waterproofing is a method of resisting the entry of water on a surface, commonly in construction, in order to avoid water damage and deterioration of the underlying structure or surface. Through waterproofing, the durability of structures and surfaces can be increased, extending their lifespan, while also protecting building interiors from accumulation of mould, mildew, and humidity by preventing water seepage.

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• Increasing demand from construction industries owing to the cost-effectiveness and advantages of waterproofing along with growing focus on the infrastructure development is helping in the overall growth of the Malaysia waterproofing market.

• Growing investments by the government towards the development of commercial and industrial buildings, and other infrastructures such as bridges, and transportation systems is further enhancing the market’s growth in Malaysia.

• Rising concern of the people of Malaysia towards environment is increasing the demand for environmentally friendly and sustainable waterproofing solutions. Key players are focussing on developing sustainable materials which is contributing to the growth of the market.

Malaysia Waterproofing Market Analysis

Based on type, the market is segmented into liquid membrane, cementitious membrane, bituminous membrane, and thermoplastic membrane (PVC, others). Liquid membrane is further sub-divided by type into bituminous coating, polyurethane membrane, epoxy, and acrylic. On the basis of technology, the market is classified into nanotechnology waterproofing, crystalline waterproofing, and flexible waterproofing membrane. By application, the market is categorised into roofing and balconies, parking deck, tunnel liners, and bridges and highways, among others.

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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 Malaysia waterproofing market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Sika Malaysia

• PENTENS Holdings Sdn Bhd.

• Bostik Malaysia

• GCP Applied Technologies (Malaysia) Sdn. Bhd

• MAPEI Malaysia Sdn Bhd (MMSB)

• Saint Gobain Malaysia

• Fosroc Sdn Bhd

• Topkrete Sdn Bhd

• Chemind Industries Sdn Bhd.

• Others

Market Share by Application

Roofing and balconies accounts for a significant share of the Malaysia waterproofing market, supported by the tropical climate in Malaysia, year-round rainfall, and increasing residential constructions. Growing awareness of the accumulation of the stagnant water in the roof and balconies resulting in breeding ground for various bacteria and other insects is a major factor for rising demand for waterproofing in the country. People in the country are becoming increasingly aware about the dangers of water seepage and accumulation and are hence getting their roofs and balconies waterproofed to prevent water stagnation and interior damage.

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Competitive Landscape

Fosroc Sdn Bhd, founded in 1972 has its headquarter located in Selangor, Malaysia. It is a chemical manufacturing company that specialises in admixtures, protective coatings, joint sealants, grinding aids, and grouts and anchor, among others.

Topkrete Sdn Bhd was established in 2000 and is headquartered in Selangor, Malaysia. This wholesale building material company manufactures construction products such as epoxy, grout, protective coating, and polyurethane, among others.

Chemind Industries Sdn Bhd. was founded in 1986 and has its headquarter in Selangor, Malaysia. A construction products manufacturing company, Chemind Industries specialises in the manufacturing and installation of the waterproofing systems for various clients.

Other market players include Sika Malaysia, PENTENS Holdings Sdn Bhd., Bostik Malaysia, GCP Applied Technologies (Malaysia) Sdn. Bhd, MAPEI Malaysia Sdn Bhd (MMSB), and Saint Gobain Malaysia, among others.

Key Highlights of the Report