Building Waterproof Repair Market to Reach $28.7 Billion by 2029 | Key Drivers and Future Outlook
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#What Is the Growth Rate of the Building Waterproof Repair Market?#_x000D_
In the past few years, the building water-proof repair market has been experiencing robust growth. The market is projected to expand from $20.65 billion in 2024 to $22.1 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.0%. This historical period growth can be ascribed to the growing demand for durable building materials, expansion in the construction sector, increase in government norms, heightened investment in preventive maintenance, and a surge in insurance claim submissions._x000D_
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#What Growth Rate Is Forecasted for the Building Waterproof Repair Market by 2029?#_x000D_
The market size for building waterproof repair is projected to witness robust expansion in the coming years, reaching $28.7 billion in 2029 with a compound annual growth rate (CAGR) of 6.8%. The surge during the forecast period is due to factors such as increasing urbanization, expanding residential and commercial infrastructures, and a growing population that creates a higher demand for housing. Additionally, there is an escalated focus on economical waterproofing alternatives and extensive education and training programs. Key trends expected during this period include technological evolution, cutting-edge technologies, sustainable solutions, the incorporation of smart building, and the use of diagnostic instruments._x000D_
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#Which Key Companies Are Shaping the Future of the Building Waterproof Repair Market?#_x000D_
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. _x000D_
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#Which Factors Are Driving Demand in the Building Waterproof Repair Industry?#_x000D_
The burgeoning developments in residential and commercial spaces are likely to expedite the advancement of the building waterproof repair market in the future. The rise in residential and commercial undertakings relate to the construction and progression of accommodations and establishments oriented towards businesses, which cater to the personal and professional needs of individuals and firms within a locality. Several elements such as the escalation in population, urbanization, heightened demand for residences and office spaces, fiscal advancement, and the requirement for upgraded infrastructure to accommodate altering lifestyles and business prerequisites trigger the growth of residential and commercial projects. The waterproofing of these structures is paramount to avert water penetration that could result in structural harm, mold formation, and degradation of building supplies, thereby ensuring the property’s integrity, security, and lifespan. For instance, the Office for National Statistics, a UK-based government organization, reported in November 2023 that the worth of fresh construction activities in real-time prices in Great Britain jumped by 15.8% to an unprecedented $173,100 million (£132,989 million) in 2022, prompted by an expansion in private sector operations costing $18,343 million (£14,093 million) and public sector activities amounting to $5294 million (£4,068 million). Consequently, the progressive growth in residential and commercial ventures is fueling the expansion of the building waterproof repair market._x000D_
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#How Is the Building Waterproof Repair Market Segmented by Several Divisions?#_x000D_
The building waterproof repair market covered in this report is segmented – _x000D_
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1) By Type: Construction Waterproof, Material Waterproof, Building Waterproof Repair_x000D_
2) By Construction: New Construction, Refurbishment_x000D_
3) By Application: Residential, Hotel, School, Office Building, Shopping Mall, Other Applications_x000D_
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Subsegments:_x000D_
1) By Construction Waterproof: Foundation Waterproofing, Roof Waterproofing, Basement Waterproofing, Below-Grade Waterproofing _x000D_
2) By Material Waterproof: Liquid Waterproofing Membranes, Sheet Waterproofing Membranes, Cementitious Waterproofing _x000D_
3) By Building Waterproof Repair: Crack Injection Repair, Surface Treatment Repair, Drainage System Repair, Joint Repair Systems _x000D_
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#Which Industry Trends Are Shaping the Future of the Building Waterproof Repair Market?#_x000D_
Key players in the building waterproof repair market, such as Fosroc, are concentrating on the introduction of technologically progressive products like roof waterproofing items to efficiently counteract water seepage. Roof waterproofing products serve as a protective layer on rooftops, averting water infiltration and sheltering the structure from water leakage and damage. As an example, in June 2023, Fosroc, a construction firm based in UAE, presented the Polyurea WH 100. This roofing waterproofing solution is unique due to its manual application, which is particularly handy for flat roof setups where preciseness can be tough and spray equipment may not be within reach. Its flawless finish coupled with the modern functionality of Polyurea technology guarantees long-lasting waterproofing. The rapid return to service durations allows subsequent work processes to continue with little delay, thereby possibly reducing construction durations. The introduction of this new version enriches Fosroc’s Polyurea line, catering to a broad spectrum of market sector waterproofing requirements._x000D_
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#Which Regions Are Driving Growth in the Building Waterproof Repair Market?#_x000D_
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._x000D_
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#This Report Delivers Insight On: #_x000D_
1. How big is the building waterproof repair market, and how is it changing globally?_x000D_
2. Who are the major companies in the building waterproof repair market, and how are they performing?_x000D_
3. What are the key opportunities and risks in the building waterproof repair market right now?_x000D_
4. Which products or customer segments are growing the most in the building waterproof repair market?_x000D_
5. What factors are helping or slowing down the growth of the building waterproof repair market?_x000D_
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