Asia-Pacific Waterproofing Products Market By Product Type (Waterproof Paints, Polymer Waterproof Sheets, Rigid Waterproof Materials, Asphalt Waterproof Rolls, Building Seal Waterproof Materials, Others), By Application (Roofing & Walls, Floors & Basements, Bridges & Highways, Water & Waste Management, Tunnel Liners, Others), By Country, Competition, Forecast and Opportunities, 2020-2030F

Market Overview

The Asia-Pacific Waterproofing Products Market was valued at USD 11.85 Billion in 2024 and is expected to reach USD 16.11 Billion by 2030 with a CAGR of 5.09% during the forecast period.

The Asia-Pacific waterproofing products market is witnessing robust growth, driven by rapid urbanization, increasing infrastructure investments, and rising awareness of structural durability and safety. As countries such as China, India, Indonesia, Vietnam, and the Philippines continue to expand their construction sectors, demand for effective waterproofing solutions has intensified across residential, commercial, and industrial applications. The market encompasses a wide range of products including liquid-applied membranes, bituminous coatings, cementitious materials, and sheet-based membranes that provide protection against water ingress in basements, roofs, walls, and wet areas.

China remains the largest market in the region, supported by ongoing mega infrastructure projects, the renovation of aging buildings, and strong government initiatives to improve construction quality. India follows closely, propelled by government-backed housing schemes like “Housing for All” and the Smart Cities Mission, which require robust water-resistant materials to ensure long-term building integrity. Southeast Asian nations are also contributing to the market’s expansion due to rising urban populations, tropical climates prone to heavy rainfall, and growing investment in tourism and hospitality infrastructure, all of which necessitate reliable waterproofing systems.

Technological advancements are significantly reshaping the market, with manufacturers focusing on eco-friendly, high-performance, and easy-to-apply waterproofing products. The incorporation of polymer-modified materials, green sealants, and spray-applied systems is gaining traction, particularly in countries that are enforcing stricter building codes and sustainability standards. Additionally, the trend toward multifunctional products—such as those combining waterproofing with crack-bridging, soundproofing, or insulation—is creating new growth opportunities and differentiating offerings in an increasingly competitive market.

The market also benefits from a growing preference for branded, certified products over traditional methods due to increased awareness among contractors, architects, and end users regarding the cost-saving benefits of durable waterproofing over the lifecycle of a structure. Despite growth prospects, challenges such as fluctuating raw material prices, skill gaps in application techniques, and fragmented supplier networks in emerging economies persist.

Key Market Drivers

Rapid Urbanization and Infrastructure Development

The Asia-Pacific region is undergoing rapid urban transformation, with urban populations projected to increase substantially in major countries such as India, Indonesia, and the Philippines. India alone is expected to have over 40% of its population living in urban areas by 2030, translating to an estimated need for 25 million new affordable housing units. Urban sprawl is not limited to residential buildings, commercial and industrial developments are also expanding in tandem. Concurrently, infrastructure investments are accelerating. Capital expenditure on infrastructure in Asia-Pacific is forecast to grow from approximately USD 1.46 trillion in 2022 to USD 1.74 trillion by 2030. These trends are driving the demand for high-performance waterproofing solutions to prevent structural degradation, prolong building life, and reduce long-term maintenance costs. As governments launch smart city and urban renewal programs, waterproofing is increasingly considered essential in both new constructions and renovation projects.

Climate Change and Extreme Weather Events

With the intensification of climate change, countries in the Asia-Pacific region are facing more frequent and severe weather events, such as typhoons, monsoon rains, and floods. Southeast Asian nations, in particular, experience annual rainfall levels exceeding 2,000 mm, increasing the risk of water damage to infrastructure. Over 60% of the region’s cities are located in coastal zones or flood-prone areas, highlighting the need for effective waterproofing in both below-ground and above-ground construction. Governments and private developers are incorporating water resilience into urban planning, and as a result, demand for advanced waterproofing membranes and sealants is growing steadily. Waterproofing products that offer hydrostatic pressure resistance and long-term durability are being prioritized, especially in public infrastructure such as transportation terminals, subways, and water treatment plants.

Government Regulations and Building Code Compliance

Governments across the Asia-Pacific region are tightening construction norms and codes to improve structural integrity and resilience. New building regulations increasingly mandate the use of certified waterproofing products to ensure safety, particularly in multi-story residential, commercial, and industrial buildings. In China, regulatory shifts require waterproofing protection on all public housing projects and large-scale infrastructure. Similarly, in South Korea and Japan, advanced waterproofing is mandatory in underground structures and basements. In Australia, updated waterproofing codes in 2022 reinforced compliance in wet area construction, prompting a surge in demand for tested, application-specific waterproofing solutions. These regulations are pushing contractors and developers to choose higher-quality materials and engage trained applicators, accelerating the growth of branded and performance-verified waterproofing systems in the market.

Technological Advancements and Sustainable Building Practices

Innovation in waterproofing technology is a key driver, with manufacturers focusing on eco-friendly and energy-efficient solutions. There is increasing demand for solvent-free, low-VOC (volatile organic compound) waterproofing materials that align with green building certifications such as LEED and IGBC. Advanced solutions like polyurethane-based liquid membranes, thermoplastic sheets, and hybrid cementitious coatings are gaining market traction for their superior elasticity, UV resistance, and fast curing time. The integration of spray-applied systems and self-healing coatings is also on the rise. Additionally, technological improvements in waterproofing application equipment and surface preparation techniques are reducing installation errors and labor time. In 2024, over 35% of commercial buildings constructed in major Asian cities incorporated some form of green-certified waterproofing solution, indicating a shift toward environmentally responsible construction practices that support long-term sustainability and reduced lifecycle costs.

Expansion of the Construction Sector

The construction industry remains a foundational driver of the waterproofing products market in the Asia-Pacific region. As of 2024, more than 3,000 high-rise buildings are under construction across the region, and approximately 50% of global cement consumption is concentrated here, reflecting the volume of ongoing projects. In India, the construction sector contributes over 9% to GDP and employs more than 50 million people. This scale of activity generates a high demand for waterproofing in residential buildings, shopping malls, airports, highways, and logistics parks. Waterproofing products are vital in high-moisture areas such as basements, bathrooms, kitchens, terraces, and podiums. As new architectural designs emphasize open terraces, rooftop gardens, and sub-ground parking, the need for durable and specialized waterproofing solutions has grown. With rising construction spending, the waterproofing segment is evolving from a commodity-based category to a performance-driven, solution-focused offering.

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Key Market Challenges

Volatility in Raw Material Prices

The waterproofing industry is significantly influenced by fluctuations in the prices of raw materials, particularly petroleum-based components such as bitumen, polyurethane, and synthetic rubber. As these inputs are derived from crude oil, their prices are subject to geopolitical tensions, global oil supply disruptions, and changing trade dynamics. In 2024, many manufacturers in the region reported cost escalations of up to 15–20% for key inputs, squeezing profit margins and causing price instability across the supply chain. Smaller manufacturers are particularly vulnerable, as they lack the procurement power to hedge against such price swings. Furthermore, price volatility undermines long-term contract negotiations with construction companies, making budget forecasting more complex. This economic uncertainty compels manufacturers to either absorb the cost or pass it on to consumers, potentially affecting demand in price-sensitive markets such as India, Bangladesh, and Indonesia. In response, firms are increasingly exploring the use of bio-based alternatives or recycled materials, but these options are not yet widely scalable. The industry’s dependence on price-volatile raw materials remains a fundamental challenge, requiring robust procurement strategies and technological innovation.

Shortage of Skilled Applicators and Labor

Effective waterproofing requires precise application techniques to ensure performance and longevity. However, there is a persistent shortage of skilled applicators across the Asia-Pacific region, particularly in fast-growing urban areas. Many construction laborers lack formal training in advanced waterproofing systems such as liquid-applied membranes, injection grouting, or sheet-based systems. Improper application can lead to product failures, rework, and increased maintenance costs, eroding customer trust. The challenge is more pronounced in emerging economies where waterproofing is still seen as a secondary concern in construction. Even in mature markets like Japan and South Korea, high labor costs coupled with aging workforces create gaps in on-site expertise. This shortage hinders the adoption of modern and sustainable waterproofing technologies that require technical application. Moreover, the industry lacks widespread certification systems for waterproofing professionals, leading to inconsistency in service quality. Construction delays and poor outcomes due to untrained labor can discourage project developers from investing in premium waterproofing systems. Addressing this skills gap will require collaborative efforts between manufacturers, vocational institutes, and construction firms to train and certify laborers across the region.

Diverse Climatic and Construction Conditions

Asia-Pacific is a geographically vast and climatically diverse region, which creates significant complexity in developing and marketing waterproofing products. Countries like India and Thailand experience extreme monsoon rains, while others like Australia and China have arid or temperate zones. A single waterproofing solution cannot meet the needs of every subregion, as performance varies drastically under different humidity levels, UV exposure, and hydrostatic pressures. This diversity requires companies to localize product offerings, develop climate-specific formulations, and test products under varying conditions—all of which increase R&D and certification costs. Furthermore, construction practices also vary. In some regions, concrete is the primary substrate, while in others, steel or wood is more common, necessitating tailored compatibility. Lack of standardized construction methods across countries adds to the difficulty in scaling waterproofing solutions region-wide. While global brands may have the resources to navigate these complexities, local and mid-sized manufacturers struggle with the cost and technical capability required to adapt products to different markets. This fragmentation reduces operational efficiency and slows the penetration of advanced waterproofing solutions.

Low Awareness in Rural and Tier-2 Markets

While waterproofing has become an integral part of modern construction in metropolitan cities, awareness remains low in rural and tier-2 or tier-3 regions across many Asia-Pacific countries. In such areas, waterproofing is often viewed as an optional rather than essential aspect of construction. Cost-conscious builders and homeowners often skip waterproofing to cut expenses, unaware of the long-term structural risks and potential repair costs. This lack of awareness limits market penetration despite increasing construction activity in smaller towns driven by urban migration and government-led housing initiatives. Additionally, the absence of retail-level waterproofing experts or trained product advisors in rural markets further impedes informed purchasing decisions. Marketing outreach by major brands is often focused on urban centers, missing a significant opportunity to educate a broader customer base. As a result, low-quality, unbranded, or incompatible products are frequently used, leading to poor performance and customer dissatisfaction. To unlock the full market potential, manufacturers must invest in awareness campaigns, training programs for contractors, and distribution partnerships that reach deep into secondary markets.

Environmental Compliance and Product Reformulation Challenges

The growing emphasis on green construction practices and environmental sustainability is creating pressure on waterproofing product manufacturers to reformulate their offerings. Many traditional waterproofing chemicals, especially those with solvent bases, release volatile organic compounds (VOCs) and contribute to indoor air pollution. Governments across Asia-Pacific are tightening regulations on emissions, waste management, and chemical usage in construction products. These evolving regulations require continuous product reformulation and testing, increasing R&D costs and slowing down product rollout. Additionally, compliance with green building certification programs such as LEED, EDGE, and regional equivalents introduces complexity, as each program has unique environmental performance metrics. For smaller companies, keeping pace with regulatory demands without compromising product performance is particularly challenging. Eco-friendly alternatives such as water-based membranes or recycled content-based materials often require new manufacturing infrastructure and come at a higher cost, making them difficult to scale quickly. The shift toward sustainable construction is inevitable, but the compliance burden and cost implications pose real barriers, especially in developing economies within the Asia-Pacific region.

Key Market Trends

Increased Focus on Green and Low-VOC Waterproofing Products

Environmental sustainability is becoming a central theme in the Asia-Pacific waterproofing market, with growing demand for green, non-toxic, and low-VOC products. Governments across the region are tightening environmental regulations and implementing green building codes that discourage the use of solvent-based waterproofing materials. As a result, manufacturers are shifting toward water-based coatings, modified bitumen with recycled content, and bio-based polyurethane alternatives. Countries like Australia and Japan are leading the charge with performance benchmarks under programs like NABERS and CASBEE, while India and Southeast Asia are gradually catching up. Construction firms, especially those involved in LEED- or EDGE-certified projects, are specifying eco-compliant waterproofing solutions at the design stage. This shift is encouraging R&D investment in sustainable chemistry and clean production processes. In response, manufacturers are introducing formulations with low emissions, recyclable packaging, and longer service life to align with circular economy principles. Additionally, architects and specifiers are increasingly including sustainability metrics in procurement decisions. The green waterproofing trend not only addresses compliance but also acts as a competitive differentiator for brands looking to establish themselves in urban markets with growing environmental awareness.

Growing Demand from Infrastructure Development Projects

Asia-Pacific’s infrastructure boom—fueled by urbanization, transportation upgrades, and industrial expansion—is driving substantial demand for high-performance waterproofing solutions. Mega-projects like metro rail systems, high-speed rail corridors, tunnels, bridges, airports, and ports require robust and durable waterproofing systems that can withstand extreme environmental conditions and mechanical stress. Countries such as China, India, Indonesia, and Vietnam are investing heavily in such developments through national programs and foreign direct investments. Waterproofing is essential in below-ground structures like basements, foundations, and retaining walls that are exposed to hydrostatic pressure. In tunnels and subways, water seepage can damage structural integrity and create safety risks, requiring reliable solutions such as PVC membranes, bentonite-based systems, and crystalline waterproofing. Governments are now mandating the use of certified waterproofing systems in public projects to ensure long-term sustainability. This infrastructure-led demand is also encouraging the use of advanced technologies like spray-applied membranes and waterproofing admixtures in concrete. With infrastructure spending expected to remain strong throughout the decade, waterproofing products are becoming a critical input for national and regional development goals.

Expansion of E-Commerce and Retail Channels for DIY Waterproofing

The rise of e-commerce and organized retail in the Asia-Pacific region is changing how waterproofing products reach end-users, especially in the DIY (Do-It-Yourself) segment. Countries like India, China, and the Philippines are seeing a surge in online searches and purchases of waterproofing materials like sealants, patching compounds, and brush-on membranes for homes, terraces, and bathrooms. Online platforms such as Amazon, Lazada, and Flipkart are offering bundled kits and instructional videos to support homeowners and small contractors in applying waterproofing independently. Brick-and-mortar retail chains like Bunnings (Australia) and HomePro (Thailand) are also expanding their waterproofing aisles with better product education, signage, and trained staff. Manufacturers are responding by simplifying product packaging, introducing ready-to-use variants, and investing in branding for retail consumers. This trend is opening up a previously untapped customer segment, especially in suburban and tier-2 markets where professional waterproofing services are less accessible. As DIY culture spreads and retail infrastructure improves, the distribution model for waterproofing products is becoming more diversified, requiring companies to invest in omni-channel strategies and customer education.

Segmental Insights

Product Type Insights

Polymer Waterproof Sheets segment dominates in the Asia-Pacific Waterproofing Products market in 2024 due to a combination of superior material performance, wide application versatility, and growing adoption in large-scale infrastructure and commercial projects. These sheets, typically made from materials such as PVC (polyvinyl chloride), TPO (thermoplastic polyolefin), EPDM (ethylene propylene diene monomer), and HDPE (high-density polyethylene), offer robust mechanical strength, chemical resistance, UV stability, and long-term durability, making them ideal for challenging environmental conditions prevalent in many Asia-Pacific regions.

One key reason for their dominance is their suitability for subterranean, roofing, tunnel, and water containment applications, where high-performance waterproofing is essential. Major infrastructure initiatives—such as metro systems, highways, airports, and water reservoirs in countries like China, India, and Southeast Asia—favor polymer sheets for their ability to provide continuous waterproof barriers over large surfaces with minimal seams. Their prefabricated nature ensures consistent quality and simplifies installation, reducing on-site labor errors compared to liquid-applied systems.

The urbanization boom and increased construction of high-rise buildings have further fueled demand, as polymer sheets are commonly used for waterproofing flat roofs and podium decks due to their puncture resistance and compatibility with insulation layers. Moreover, the rising emphasis on green construction is benefiting TPO and EPDM membranes, which are more environmentally friendly and meet low-VOC standards, aligning with sustainable building regulations across Japan, Australia, and South Korea.

In addition, the growing presence of global and regional manufacturers offering warranties, technical support, and installation training has built trust among contractors and project developers. As waterproofing becomes more integrated into structural planning and design codes, the preference for standardized, tested, and high-performance solutions like polymer sheets is increasing. These factors combined position the polymer waterproof sheets segment as the leading choice in the region’s waterproofing landscape in 2024.

Application Insights

Roofing & Walls segment dominated the Asia-Pacific Waterproofing Products market in 2024 due to rapid urbanization, increased construction of high-rise buildings, and rising demand for long-lasting protective systems against extreme weather. Flat and low-slope roofs, common in commercial and residential buildings across China, India, and Southeast Asia, require robust waterproofing solutions to prevent leakage and structural damage. Moreover, modern architectural designs with exposed walls and facades have intensified the need for vertical surface protection. Government regulations mandating moisture control in buildings and increased adoption of energy-efficient roofing systems further contributed to the segment’s strong market share and growth.

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Country Insights

Largest Country

China dominates the Asia-Pacific Waterproofing Products market in 2024 due to its massive construction activities, strong infrastructure development, and advanced manufacturing capabilities. As the world’s second-largest economy and the most populous country, China continues to invest heavily in residential, commercial, and industrial projects. Ongoing urbanization and smart city initiatives across Tier 1, Tier 2, and emerging cities have driven demand for high-performance waterproofing solutions in buildings, roads, tunnels, bridges, and subways.

China's “New Infrastructure” policy, which focuses on high-speed rail, data centers, urban transit, and green buildings, has significantly boosted the consumption of waterproofing products. The construction of large-scale infrastructure projects like the Belt and Road Initiative (BRI) has also increased demand for reliable, durable, and efficient waterproofing systems, especially in transportation and utility sectors.

Additionally, China is home to several major waterproofing product manufacturers, including globally recognized brands that offer a full range of materials such as polymer membranes, bitumen sheets, coatings, and crystalline compounds. These companies benefit from economies of scale, integrated supply chains, and local production capabilities, which allow them to meet diverse market needs quickly and cost-effectively.

Environmental policies and building codes in China are also evolving, promoting energy-efficient and moisture-resistant construction practices, which further drive the adoption of advanced waterproofing solutions. Moreover, the government has intensified inspections and quality control regulations for waterproofing in public and private projects, encouraging developers to use certified, high-quality materials.

The strong growth of China’s real estate renovation and maintenance segment has contributed to steady demand for waterproofing products in refurbishing older buildings—especially in urban centers where water leakage and aging infrastructure remain major concerns. Together, these factors make China the dominant force in the Asia-Pacific waterproofing products market in 2024.

Emerging Country

Japan is the emerging country in the Asia-Pacific Waterproofing Products market in the coming period due to its focus on infrastructure renewal and advanced construction technologies. The country’s aging infrastructure, including buildings, bridges, and tunnels, is driving a surge in demand for high-performance waterproofing solutions for renovations and upgrades. Additionally, Japan's strict building codes and environmental regulations promote the use of durable, eco-friendly waterproofing products. Furthermore, Japan's adoption of smart construction practices and emphasis on sustainability in urban development are encouraging the use of innovative, long-lasting materials, positioning Japan as a growing market for advanced waterproofing solutions.

Recent Developments

• In April 2025, MFM Building Products, a Coshocton, Ohio-based manufacturer of exterior waterproofing and weather barrier systems, merged with National Applied Construction (NAC) Products, Inc. This strategic consolidation positions the entity as a single-source provider of comprehensive building envelope waterproofing solutions—from foundation to roof. The merger broadens MFM’s offerings by incorporating NAC’s expertise in interior crack isolation, sound control, and waterproofing. NAC will continue operations under the newly formed MFM Flooring Division, expanding the company’s market presence and technical capabilities.
• In May 2023, Sika, a global leader in construction chemicals, acquired the MBCC Group, broadening its portfolio to include waterproofing solutions, anchors and grouts, flooring resins, and repair and rehabilitation chemicals. The acquisition excludes MBCC’s concrete admixture operations in Europe, North America, Australia, and New Zealand, strategically expanding Sika's product offerings in the global market.
• In July 2024, Shalimar Paints Ltd., a trailblazer in the Indian paints industry with a rich heritage spanning over 120 years, unveiled two cutting-edge products—Zero Damp Advance and Zero Damp Smart—as part of its Home Protect Waterproofing range. These latest innovations are designed to redefine industry standards by providing superior protection against seepage. With a performance warranty of up to 12 years, they promise long-lasting defense for your walls, combining durability with advanced waterproofing technology.
• In March 2023, Bostik India officially launched its SEAL & BLOCK waterproofing solutions range, covering applications from basement to roof. The launch event took place on February 8, 2023, and was led by Bostik India Managing Director Vikas Kulkarni. He was joined by Arnold De Silva, Head of Construction and Consumer for Bostik Asia Pacific, and Renam Timbó, APAC Business Director for Wall and Floor. The initiative reflects Bostik’s strategic expansion in India’s growing construction chemicals sector.

Key Market Players

• Berger Paints India Limited
• Sika AG
• BASF SE
• Ardex Group
• Koster Bauchemie AG
• RPM International Inc.
• The Dow Chemical Company
• Tremco Incorporated
• Mapei S.p.A.
• Arkema S.A.

Report Scope:

In this report, the Asia-Pacific Waterproofing Products Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Asia-Pacific Waterproofing Products Market, By Product Type:

o   Waterproof Paints

o   Polymer Waterproof Sheets

o   Rigid Waterproof Materials

o   Asphalt Waterproof Rolls

o   Building Seal Waterproof Materials

o   Others

• Asia-Pacific Waterproofing Products Market, By Application:

o   Roofing & Walls

o   Floors & Basements

o   Bridges & Highways

o   Water & Waste Management

o   Tunnel Liners

o   Others

• Asia-Pacific Waterproofing Products Market, By Country:

o   China

o   Japan

o   India

o   South Korea

o   Australia

o   Singapore

o   Thailand

o   Malaysia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific Waterproofing Products Market.

Available Customizations:

Asia-Pacific Waterproofing Products Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).