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Global Waterproofing Market Size, Share, Trends, Forecast: By Type: Liquid Bituminous Membrane, Liquid Membrane, Cementitious Membrane, Thermoplastic Membrane, Others; By Application: Roofs and Balconies, Parking Deck, Bridges and Highways, Tunnel Liners, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Waterproofing Market Outlook
The global waterproofing market size was approximately USD 65.89 billion in 2023. The market is estimated to grow at a CAGR of 5.2% during 2024-2032 to reach a value of USD 103.49 billion by 2032.
| Global Waterproofing Market Report Summary | Description | Value |
| Base Year | Unit | 2023 |
| Historical Period | Unit | 2018-2023 |
| Forecast Period | Unit | 2024-2032 |
| Market Size 2023 | Unit | 65.89 |
| Market Size 2032 | Unit | 103.49 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.2% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.6% |
| CAGR 2024-2032 - Market by Country | China | 5.7% |
| CAGR 2024-2032 - Market by Country | Mexico | 5.6% |
| CAGR 2024-2032 - Market by Type | Bituminous Membrane | 5.4% |
| CAGR 2024-2032 - Market by End Use | Roofs and Balconies | 5.4% |
| Market Share by Country 2023 | Germany | 5.4% |
Key Takeaways
- 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.
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
Expanding construction sector; growing concerns regarding sustainability; rising infrastructure projects; and adoption of innovative technologies are impacting the waterproofing market growth
| Date | Company | Event |
| Mar 2023 | WACKER Chemical Group | WACKER Chemical Group introduced two innovative hydrophobic dispersions, VINNAPAS® 754 ED and VINNAPAS® 764 ED, specifically designed for cold-weather waterproofing of buildings. |
| Oct 2022 | Sika AG | Sika AG, a prominent speciality chemical company, unveiled SikaProof® A+, an advanced waterproofing membrane for below-ground reinforced concrete structures. |
| Sep 2022 | GAF | GAF announced its commitment to constructing a new manufacturing facility in Valdosta, Georgia. The purpose of this facility is to strengthen GAF's commercial roofing operations. |
| Apr 2022 | Pidilite Industries Limited | Pidilite Industries Limited, a leading manufacturer of adhesives, sealants, and construction chemicals, collaborated with GCP Applied Technologies Inc, a global construction product leader, to strengthen its waterproofing offerings. |
| Trends | Impact |
| Rapid growth of the construction sector | The rapidly growing construction sector stimulates the demand for waterproofing materials and solutions. Waterproofing membranes are crucial for building structures as they keep the structure dry, reduce internal humidity, and protect indoor objects from damage. |
| Increasing demand for liquid waterproofing systems as they offer sustainability benefits, among other advantages | There is a significant demand for liquid waterproofing systems for roofing applications due to their benefits, such as relatively sustainable nature, ease of use and safety, and ability to lower time and thus the cost of the project. |
| Innovations in waterproofing technologies | The waterproofing market has witnessed an emergence of cutting-edge technologies that provide efficient and user-friendly solutions for preventing water seepage. These innovations encompass a range of products, such as superhydrophobic coatings, crystalline waterproofing, waterproofing membranes, self-healing water-repellent spray-on coatings, ultra-water-resistant surfaces, spray-on waterproofing, torch-on membranes, acrylic polymer emulsion for barrier coatings, and hygienic powder coatings. |
| Infrastructure growth | Rising infrastructural developments, such as the development of bridges and tunnels, adds to the demand for high-quality waterproofing systems. |
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
“Global Waterproofing Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Type | Bituminous Membrane, Liquid Membrane, Cementitious Membrane, Thermoplastic Membrane, Others |
| Application | Roofs and Balconies, Parking Deck, Bridges and Highways, Tunnel Liners, Others |
| End Use | Contractors, Retailers |
| Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
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.
| CAGR 2024-2032 - Market by | End Use |
| Roofs and Balconies | 5.4% |
| Parking Deck | 5.2% |
| Tunnel Liners | XX% |
| Bridges and Highways | XX% |
| Others | XX% |
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.
| CAGR 2024-2032 - Market by | Type |
| Bituminous Membrane | 5.4% |
| Liquid Membrane | 5.2% |
| Thermoplastic Membrane | 4.9% |
| Cementitious Membrane | XX% |
| Others | XX% |
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.
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.6% |
| Middle East and Africa | 5.0% |
| North America | XX% |
| Europe | XX% |
| Latin America | XX% |
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.
| Company | Founded | Headquarters | Services |
| DuPont de Nemours, Inc. | 1802 | Delaware, United States | DuPont offers a diverse range of waterproofing, and water barrier products under the brand names Weathermate™, Tyvek®, Styrofoam™ Brand, LiquidArmor™, DuPont™ Sill Pan, DuPont™ VersaFlange™, DuPont™ StraightFlash™, and DuPont™ FlexWrap™ EZ, among others. |
| Wacker Chemie AG | 1914 | Munich, Germany | Wacker Chemie provides waterproofing membranes under the VINNAPAS® brand. The membranes are grouped into four segments: 1K Cementitious Waterproofing Membranes, 2K Cementitious Waterproofing Membranes, 1K Ready-to-Use Waterproofing Membranes, and VINNEVA® Polymer Binders for Bitumen Waterproofing Emulsions. |
| Sika AG | 1910 | Baar, Switzerland | The company offers waterproofing systems encompassing sheet membranes, joint waterproofing, injections, waterproofing mortars, liquid applied membranes, bituminous membranes, and roof systems. |
| GAF Materials LLC | 1886 | New Jersey, United States | The company provides a comprehensive range of roofing and waterproofing solutions for residential, commercial, and civil engineering applications. |
Other notable players operating in the global waterproofing market include Pidilite Industries Limited, and Arkema S.A, among others.
| CAGR 2024-2032 - Market by | Country |
| China | 5.7% |
| Mexico | 5.6% |
| Germany | 5.2% |
| Canada | 5.1% |
| Italy | 5.0% |
| USA | XX% |
| UK | 4.9% |
| France | XX% |
| Japan | XX% |
| India | XX% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
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.
| Market Share by | Country |
| Germany | 5.4% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
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.
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:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Waterproofing Market Analysis
8.1 Key Industry Highlights
8.2 Global Waterproofing Historical Market (2018-2023)
8.3 Global Waterproofing Market Forecast (2024-2032)
8.4 Global Waterproofing Market by Type
8.4.1 Bituminous Membrane
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Bituminous Coating
8.4.1.3.2 Polyurethane Membrane
8.4.1.3.3 Epoxy
8.4.1.3.4 Acrylic
8.4.2 Liquid Membrane
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cementitious Membrane
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Thermoplastic Membrane
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Waterproofing Market by Application
8.5.1 Roofs and Balconies
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Parking Deck
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Bridges and Highways
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Tunnel Liners
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.5 Global Waterproofing Market by End Use
8.5.1 Contractors
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.6.2 Retailers
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Waterproofing Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Waterproofing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Waterproofing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Waterproofing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Waterproofing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Waterproofing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Installation Cost
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 DuPont de Nemours, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Wacker Chemie AG
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sika AG
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 GAF Materials LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Pidilite Industries Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Arkema SA
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Waterproofing Market: Key Industry Highlights, 2018 and 2032
2. Global Waterproofing Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Waterproofing Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Waterproofing Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Waterproofing Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Waterproofing Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Waterproofing Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Waterproofing Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Waterproofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Waterproofing Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Waterproofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Waterproofing Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Waterproofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Waterproofing Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Waterproofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Waterproofing Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Waterproofing Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Waterproofing Market Structure
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 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 103.49 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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