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What is the forecasted revenue size of the building waterproof repair industry by 2029?
The building waterproof repair market size has grown strongly in recent years. It will grow from $20.65 billion in 2024 to $22.1 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increasing demand for long-lasting building materials, growth in the construction industry, growth in government regulations, increasing investment in preventive maintenance, and a rise in insurance claims.
The building waterproof repair market size is expected to see strong growth in the next few years. It will grow to $28.7 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing urbanization, growing residential and commercial developments, and increasing population increasing demand for housing, increasing focus on cost-effective waterproofing solutions, and increasing education and training programs. Major trends in the forecast period include technological advancements, advanced technologies, eco-friendly solutions, smart building integration, and diagnostic tools.
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Which industry-specific innovations are acting as key drivers for the building waterproof repair market?
The growing residential and commercial developments are expected to propel the growth of the building waterproof repair market going forward. Residential and commercial developments refer to the construction and development of housing units and business-oriented properties, respectively, designed to serve the needs of individuals, families, and businesses within a community. Residential and commercial developments are rising due to factors such as population growth, urbanization, increasing demand for housing and business spaces, economic expansion, and the need for modern infrastructure to accommodate changing lifestyles and business needs. Building waterproof repair is essential for residential and commercial developments to prevent water infiltration, which can lead to structural damage, mold growth, and deterioration of building materials, ultimately safeguarding the integrity, safety, and longevity of the property. For instance, in November 2023, according to the Office for National Statistics UK-based government agency, the value of new construction work in current prices in Great Britain surged by 15.8% to a record $173,100 million (£132,989 million) in 2022, driven by growth in private sector work amounting to $18,343 million (£14,093 million) and public sector work totaling $5294 million (£4,068 million). Therefore, the growing residential and commercial developments driving the growth of the building waterproof repair market.
Which segment currently leads the building waterproof repair market in terms of revenue share?
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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What future trends will impact the direction of the building waterproof repair industry?
Major companies operating in the building waterproof repair market are focused on developing technologically advanced products, such as roof waterproofing products, to effectively prevent water infiltration. Roof waterproofing products are materials and coatings designed to create a protective barrier on roofs, preventing water infiltration and protecting the structure from leaks and water damage. For instance, in June 2023, Fosroc, a UAE-based construction company, launched the Polyurea WH 100. The roof waterproofing product stands out due to its hand-applied application, making it particularly advantageous for flat roof installations where detailing is challenging, and spray equipment might be unavailable. Its seamless finish, combined with the advanced performance of polyurea technology, ensures durable waterproofing. The quick return-to-service times enable subsequent trades to proceed with minimal delay, potentially shortening construction times. This new grade enhances Fosroc’s Polyurea portfolio, addressing a broad range of market sector waterproofing needs.
Who are the top competitors in the global 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 regional dynamics are shaping the future of the global 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.
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• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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