Waterproofing Solutions Market size is forecast to reach $42 billion by 2025, after growing at a CAGR of 7.2% during 2020-2025, owning to increasing government investments on infrastructure developments in the Asia Pacific, particularly in India, China, and Indonesia and increasing usage of waterproofing solutions in the mining industry. In addition, increasing waste & water management activities in these countries have also triggered the demand for waterproofing globally. Waterproofing solutions ensures longer durability of structure, hence reduces maintenance cost. Water damage can lead to corrosion of metals, electrical hazards, rotting of timber structures and finishes, plasterboard swelling, and growth of fungus which may lead to health hazards. Therefore, in order to reduce these risks waterproofing usage is increasing.


Key Takeaways
Increased construction costs, coupled with rising raw materials and labor costs, have led to the implementation of integral waterproofing agents and solutions for quality building practices.
Cement-based structures experience immense damping and erosion due to frequent climate change, which reduces the shelf life of residential and commercial buildings. This makes waterproofing solutions a necessity as it gives a longer life to the structure.
In addition, growing applications in water management, geomembranes, and tunnel liners are expected to drive the waterproofing solutions market.

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Geography - Segment Analysis
Asia Pacific held the largest share in the waterproofing solutions market in 2019 up to 37%, owning to increasing government investments on infrastructure developments primarily in countries such as China, Indonesia, India, and Malaysia. The growth in infrastructure projects is mainly due to an expanding population, resulting in the need for more residential and commercial buildings for various purposes. Construction projects such as ‘100 smart cities’ and ‘Housing for All by 2022’ in India are influencing waterproofing solutions demand. In addition, in 2019, China government invested 1.9 billion on 13 public housing projects. Therefore, rising construction in these countries are driving waterproofing solutions market growth in Asia Pacific region.


Drivers – Waterproofing Solutions Market


Increasing demand for waterproofing solutions in mining applications.


Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Waterproofing Solutions Market. In 2019, the market of Waterproofing Solutions Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Waterproofing Solutions market are Sika AG, BASF SE, Carlisle Cos. Inc., RPM International Inc., GCP Applied Technologies Inc, Firestone Building Products Company, LLC, Soprema Group, The Dow Chemical Company, GAF Materials Corporation, among others.

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