How Has the Building Waterproof Repair Market Size Evolved in Recent Years?
The building waterproof repair market has seen considerable growth due to a variety of factors.
• There has been robust expansion in the market size of building waterproof repair over the past few years. The market that stood at $20.65 billion in 2024 is estimated to reach a value of $22.1 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.0%.
The significant growth in the previous years is a result of various factors such as a surge in demand for durable building materials, development of the construction sector, expansion in government regulations, a rise in preventive maintenance investments, and an increase in insurance claims.
What Are The Predictions for The Building Waterproof Repair Template Market?
The building waterproof repair market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for building waterproof repair is projected to experience significant growth, with expectations of reaching $28.7 billion in 2029, registering a compound annual growth rate (CAGR) of 6.8%.
This predicted growth during the forecast period can be ascribed to an array of factors such as increasing urbanization and expansion in residential and commercial infrastructures, heightened population-induced housing demand, a heightened focus on financially viable waterproofing options, and an upswing in education and training initiatives. Key trends expected to emerge during the forecast period encompass technological advancements, innovative technologies, environmentally-friendly solutions, integration into smart building and diagnostic tools.
What Main Forces Are Fueling Expansion In The Building Waterproof Repair Market?
The expansion of residential and commercial establishments is anticipated to stimulate the rise of the building waterproof repair market in the future. The term residential and commercial developments encompasses the creation and enhancement of living spaces and commercial entities aiming to cater to the needs of individuals, families, and businesses in a society. The rising trend of residential and commercial developments is due to reasons like population surge, urbanization, escalated demand for housing and business facilities, economic growth, and the requirement of contemporary infrastructure to keep up with evolving lifestyles and business necessities. It is crucial to undertake building waterproof repair in residential and commercial establishments to thwart water seepage that could result in structural breakdown, mould infestation, and decay of construction materials, ultimately ensuring the structure's durability, security, and lifespan. For example, as cited by the UK's Office for National Statistics in November 2023, the cost of new construction projects in current terms in Great Britain escalated by 15.8% to a record of $173,100 million (£132,989 million) in 2022, enabled by a rise in private sector jobs amounting to $18,343 million (£14,093 million), and public sector jobs reaching $5294 million (£4,068 million). Thus, the expanding residential and commercial developments are fueling the growth of the building waterproof repair market.
What Are The Core Segments Of The Global Building Waterproof Repair Market?
The building waterproof repair market covered in this report is segmented –
1) By Type: Construction Waterproof, Material Waterproof, Building Waterproof Repair
2) By Construction: New Construction, Refurbishment
3) By Application: Residential, Hotel, School, Office Building, Shopping Mall, Other Applications
Subsegments:
1) By Construction Waterproof: Foundation Waterproofing, Roof Waterproofing, Basement Waterproofing, Below-Grade Waterproofing
2) By Material Waterproof: Liquid Waterproofing Membranes, Sheet Waterproofing Membranes, Cementitious Waterproofing
3) By Building Waterproof Repair: Crack Injection Repair, Surface Treatment Repair, Drainage System Repair, Joint Repair Systems
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Which Emerging Trends Are Reshaping The Building Waterproof Repair Market Size?
Leading businesses in the building waterproof repair industry are concentrating on producing technologically superior products like roof waterproofing tools to effectively impede water intrusion. Roof waterproofing products are compounds and finishes that form a protective layer on rooftops to prevent water penetration, hence safeguarding the edifice from leaks and water-related damages. For example, in June 2023, Fosroc, a construction firm based in the UAE, unveiled the Polyurea WH 100. This roof waterproofing product is unique due to its manual application process, making it especially fitting for flat roof structures where detailing is complicated and spray machinery might be out of reach. Its smooth finish, coupled with the progressive performance of polyurea technology, guarantees a sturdy waterproofing solution. The rapid return-to-service durations allows the follow-up jobs to carry on with minimal postponement, likely reducing the construction periods. This recent addition advances Fosroc’s Polyurea collection, catering to a diverse range of market segment waterproofing requirements.
Who Are the Key Players In The Building Waterproof Repair Market?
Major companies operating in the building waterproof repair market are:
• BASF SE
• Compagnie de Saint-Gobain S.A.
• Sika AG
• RPM International Inc.
• Carlisle Companies Inc.
• Mapei S.p.A
• Oriental Yuhong Waterproof Technology Co. Ltd.
• Soprema Group
• Johns Manville
• Dongfang Yuhong Building Materials Group Co. Ltd.
• GAF Materials LLC
• W.R. Grace & Co.
• Pidilite Industries Ltd
• Keshun Construction Materials Co. Ltd.
• Ardex Group
• Hongxing Dongsheng Construction Materials Co. Ltd.
• Tremco Incorporated
• Qinglong Construction Materials Co. Ltd.
• Shiji Hongyu Construction Materials Co. Ltd.
• Fosroc International Ltd
• Choksey Chemicals Pvt. Ltd.
• Unique Stone Studio Inc.
What Are The Regional Insights Into The Building Waterproof Repair Market?
Asia-Pacific was the largest region in the building waterproof repair market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the building waterproof repair market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
