Global Wetroom Waterproofing Solutions Market Overview
Wetroom Waterproofing Solutions Market Size was valued at USD 6.3 Billion in 2023. The Wetroom Waterproofing Solutions industry is projected to grow from USD 6.7 Billion in 2024 to USD 9.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2024 - 2032). An increase in building operations, as well as quick urbanization and infrastructural development, are the key market drivers boosting the expansion of the market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Wetroom Waterproofing Solutions Market Trends
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Rise in construction activities is driving the market growth
Market CAGR for Wetroom Waterproofing Solutions is being driven by the rising number of construction activities. Numerous factors, such as the increasing demand for luxurious and functional wet spaces in homes and businesses, stringent regulations requiring sealing for areas prone to moisture, increasing recognition of building durability, and a desire to prevent water-related damages, are driving the demand for wetroom waterproofing solutions. Elegant and useful wet rooms are becoming more and more necessary in both residential and commercial settings.
Additionally, the wetroom waterproofing market is primarily driven by the need for durable, moisture-resistant systems in new buildings and renovations. As development expands, particularly in metropolitan areas, effective waterproofing becomes increasingly important in damp spaces like toilets and pools to preserve long-term solidity and prevent costly water-related problems. The market for waterproofing solutions has grown significantly as a result of consumer demand for more affordable and effective solutions. Thus, one of the main factors propelling their expansion is the building industry's increasing need for waterproofing solutions. Rapid growth in the economy, an elevated pace of development, a rise in the demand for homes and businesses, and infrastructure improvements are also present.
Wetroom waterproofing solutions present a huge opportunity in the industry because of the increasing growth of infrastructure and urbanization. As cities expand and infrastructure changes, there is an increasing demand for modern amenities like state-of-the-art wet spaces. As a result, reliable waterproofing solutions are becoming more and more necessary to extend the life of houses and prevent damage from water. The offerings on the market and the growing emphasis on longevity and quality provide a conducive atmosphere for suppliers of wetroom waterproofing solutions to cater to developing urban environments. The market for wetroom waterproofing solutions is constrained by building laws and approval issues that create compliance barriers. Different laws in different places necessitate strict compliance, which extends project schedules and raises expenses. For instance, the World Health Organization (WHO) estimates India's new floor area for commercial use fell by 68.3% in volume when compared to 2019. The government's statewide lockdown, which hampered ongoing projects, stressed supply networks, and affected labor availability, was the main cause of this reduction. But when the limits were relaxed in 2021, the nation saw a huge upswing, with the new floor area rising by almost 526 million square feet. Thus, result in driving the Wetroom Waterproofing Solutions market revenue.
Wetroom Waterproofing Solutions Market Segment Insights
Wetroom Waterproofing Solutions Raw Material Insights
The Wetroom Waterproofing Solutions market segmentation, based on Raw Material, includes polyurethane, PVC, polyurea, acrylic, ABS, polystyrene, Polyethylene/CPE and others. In 2023, the acrylic segment dominated the market. This is because of its balanced qualities, which fit a range of wetroom applications. This is because of their excellent adhesion to a variety of surfaces and potent waterproofing qualities; acrylic paints and sealants have become very popular. Because of its robust protective layer creation, moderate adaptability, and durability against UV radiation, it may be used both indoors and outdoors.
Wetroom Waterproofing Solutions Type Insights
The Wetroom Waterproofing Solutions market segmentation, based on Type, includes Fabric/Fleece Backed Sheet Membrane, Pre-Waterproofed Substrates, Shower Pan Liner, PVC, CPE, Liquid Applied Waterproofing, Air Cured, Chemical Curing, Hot Mops and Others. In 2023, the pre-waterproofed substrates generated the most income. This is due to their effectiveness in streamlining the building process and guaranteeing a constant level of quality. These substrates have waterproofing layers placed in the factory, which eliminates the requirement for on-site application and shortens project schedules. Their accurate application reduces the possibility of mistakes and produces a trustworthy waterproofing barrier.
Wetroom Waterproofing Solutions Uses Insights
The Wetroom Waterproofing Solutions market segmentation, based on Uses, includes New Constructions and Refurbishments. In 2023, the Refurbishments segment dominated the market. This is because restoring existing structures is becoming increasingly important. Wet room waterproofing solutions become essential as older houses are renovated to satisfy contemporary standards and aesthetic preferences. Modern waterproofing methods are needed for renovating damp spaces like spas, pool decks, and bathrooms in order to replace old or failing waterproofing systems.
Wetroom Waterproofing Solutions Application Insights
The Wetroom Waterproofing Solutions market segmentation, based on Application, includes Residential, Commercial and Others. In 2023, the Commercial category generated the most income. This is because strong waterproofing solutions are in high demand in public locations with heavy circulation. Effective wetroom protection is necessary for commercial buildings, including hotels, resorts, restaurants, and fitness facilities, to preserve their structural integrity and guest happiness. There is a critical requirement for long-lasting and dependable waterproofing solutions because wet areas are frequently used and see regular foot traffic.
Figure 1: Wetroom Waterproofing Solutions Market, by Application, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Wetroom Waterproofing Solutions Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Wetroom Waterproofing Solutions market area will dominate this market, owing to the development of infrastructure, urbanization, and population increase. In addition, the growing number of established health clubs and fitness facilities will boost market growth in this region.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: WETROOM WATERPROOFING SOLUTIONS MARKET SHARE BY REGION 2023 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Europe Wetroom Waterproofing Solutions market has the second-largest portion of the market due to the investments in the construction of commercial buildings, lodging facilities, and transit networks. Further, the German Wetroom Waterproofing Solutions market had the biggest market share, and the UK Wetroom Waterproofing Solutions market was the European market with the quickest rate of growth.
The Asia-Pacific Wetroom Waterproofing Solutions Market is anticipated to expand between 2024 and 2032 at the quickest CAGR. This is due to expanding population growth, urban migration, and infrastructure development. Moreover, China’s Wetroom Waterproofing Solutions market had the biggest market share, and the Indian Wetroom Waterproofing Solutions market was the Asia-Pacific region's fastest-growing market.
Wetroom Waterproofing Solutions Key Market Players & Competitive Insights
Leading market players are putting a lot of money into research and development to expand their product lines, which will drive the market for Wetroom Waterproofing Solutions to expand even further. Additionally, market players are engaging in a range of calculated initiatives to increase their worldwide presence, with important market developments involving the introduction of new products, contracts, M&A transactions, increased investment, and cooperation with other enterprises. To grow and endure in an increasingly cutthroat and dynamic market, Wetroom Waterproofing Solutions industry must provide reasonably priced goods.
Manufacturing locally is one of the primary business techniques used by manufacturers to cut operational costs in the Wetroom Waterproofing Solutions industry to help customers and expand the market segment. In recent years, the Wetroom Waterproofing Solutions industry has provided some of the biggest benefits to medicine. Major players in the Wetroom Waterproofing Solutions market, including Sika AG (Switzerland), BASF SE (Germany), Pidilite Industries Ltd. (India), The Dow Chemical Company (US), Mapei Corporation (Italy), Knauf Gypsum Pty Ltd. (Australia), are engaging in research and development activities in an effort to boost market demand.
With its headquarters located in Baar, Switzerland, Sika AG is an international specialty chemical firm that offers products to the building and automotive industries. Kaspar Winkler founded Sika in 1910. It currently employs more than 33,000 people, has companies in more than 100 nations, and generates CHF 10.5 billion in sales annually. In May 2023, MBCC, once a BASF subsidiary, was purchased by Sika. It works on admixture systems and construction projects.
The largest chemical producer in the world, BASF SE (pronounced as an initialism of its former name, BadischeAnilin- und Sodafabrik, which translates to "Baden Aniline and Soda Factory") is a corporation based in Europe. Its German headquarters are situated in Ludwigshafen. With joint ventures and subsidiaries in more than 80 nations, BASF runs 390 more manufacturing sites around Europe in addition to six integrated production sites. In August 2019, in exchange for cash and free of debt, BASF agreed to sell its pigments division to the Japanese fine chemical manufacturer DIC for €1.15 billion ($1.28 billion).
Key Companies in the Wetroom Waterproofing Solutions market include
- Pidilite Industries Ltd. (India)
- The Dow Chemical Company (US)
- Mapei Corporation (Italy)
- Knauf Gypsum Pty Ltd. (Australia)
- Laticrete International Inc. (US)
- Kemper System America, Inc (US)
- Schluter Systems (Germany)
Wetroom Waterproofing Solutions Industry Developments
March 2023: The MAPEI Corporation has introduced MAPEGUARD Board, a premium-performance, lightweight, high-density, waterproof backer-board panel that may be used behind stone and ceramic tile installations. It is versatile and lightweight.
September 2022: Saint-Gobain purchased GCP Applied Technologies Inc. in order to increase its market share by gaining access to a worldwide network of experts in cement additives.
Wetroom Waterproofing Solutions Market Segmentation
Wetroom Waterproofing Solutions Raw Material Outlook
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Polyurethane
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PVC
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Polyurea
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Acrylic
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ABS
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Polystyrene
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Polyethylene/CPE
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Others
Wetroom Waterproofing Solutions Type Outlook
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Fabric/Fleece Backed Sheet Membrane
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Pre-Waterproofed Substrates
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Shower Pan Liner
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PVC
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CPE
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Liquid Applied Waterproofing
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Air Cured
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Chemical Curing
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Hot Mops
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Others
Wetroom Waterproofing Solutions Uses Outlook
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New Constructions
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Refurbishments
Wetroom Waterproofing Solutions Application Outlook
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Residential
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Commercial
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Others
Wetroom Waterproofing Solutions Regional Outlook
North America
Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
- Rest of Asia-Pacific
Rest of the World
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 6.3 Billion |
| Market Size 2024 |
USD 6.7 Billion |
| Market Size 2032 |
USD 9.9 Billion |
| Compound Annual Growth Rate (CAGR) |
5.80% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Raw Material, Type, Uses, Application and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. |
| Key Companies Profiled |
Sika AG (Switzerland), BASF SE (Germany), Pidilite Industries Ltd. (India), The Dow Chemical Company (US), Mapei Corporation (Italy), Knauf Gypsum Pty Ltd. (Australia) |
| Key Market Opportunities |
Rapid urbanization and infrastructure development |
| Key Market Dynamics |
Increase need for long-lasting, moisture-resistant solutions in new construction and renovations |
Frequently Asked Questions (FAQ) :
The Wetroom Waterproofing Solutions market size was valued at USD 6.3 Billion in 2023.
The market is projected to grow at a CAGR of 5.80% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Sika AG (Switzerland), BASF SE (Germany), Pidilite Industries Ltd. (India), The Dow Chemical Company (US), Mapei Corporation (Italy), Knauf Gypsum Pty Ltd. (Australia).
The Refurbishments category dominated the market in 2023.
The Commercial category had the largest share in the market.
