Malaysia Waterproofing Market Report and Forecast 2024-2032

Malaysia Waterproofing Market Report and Forecast 2024-2032

Malaysia Waterproofing Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Malysia waterproofing market is projected to grow at a CAGR of 4.90% between 2024 and 2032. Aided by the increasing construction activities, urbanisation trends, and an acute awareness surrounding building maintenance, the market is expected to grow significantly by 2032.

Waterproofing, an essential aspect of construction, ensures the longevity and durability of structures by protecting them against water intrusion, which can lead to significant damage over time. It’s extensively used in various parts of a building, including the foundation, roofs, walls, and basements. In Malaysia, with its tropical rainforest climate, waterproofing becomes more crucial due to the high humidity and persistent rainfall.

A dominant factor propelling Malaysia waterproofing market demand is the continued growth in its construction industry. The nation is witnessing an upsurge in both residential and commercial projects, thanks to its robust economic growth and urbanisation trends. With increased construction, the demand for superior-quality waterproofing products has soared, ensuring structures remain robust and safe from potential water-induced damage.

Another crucial driver for the Malaysia waterproofing market growth is the evolving consumer understanding of preventive maintenance. As awareness grows, property owners realise the economic benefits of investing in high-quality waterproofing solutions, which, though might be cost-intensive initially, can prevent exorbitant repair costs in the future.

In the realm of applications, the Malaysian waterproofing industry is vast and versatile. While it remains a cornerstone in new construction activities, there's a surge in retrofitting older structures. Malaysia, with its rich history, is home to numerous heritage buildings. The restoration and preservation of such structures demand top-tier waterproofing solutions, further increasing the value of Malaysia waterproofing market size.

Today's waterproofing solutions in Malaysia are not just about traditional membranes. The market now offers innovative solutions like crystalline waterproofing, liquid waterproofing membranes, and polyurethane coatings. Such innovations not only ensure superior protection but are also environmentally friendly, aligning with the global move towards sustainable solutions.

As per the Malaysia waterproofing market analysis, the Malaysian government's initiatives and policies, aiming to bolster the construction sector, further pave the way for the market. Investment in infrastructure projects, coupled with incentives for real estate developers, is bound to lead to an increase in construction activities.

Market Segmentation

The market can be divided based on type, technology, and application.

Market Breakup by Type

• Liquid Membrane

-Bituminous Coating

-Polyurethane Membrane

-Epoxy

-Acrylic

• Cementitious Membrane
• Bituminous Membrane
• Thermoplastic Membrane (PVC, Others)

Market Breakup by Technology

• Nanotechnology Waterproofing
• Crystalline Waterproofing
• Flexible Waterproofing Membrane

Market Breakup by Application

• Roofing and Balconies
• Parking Deck
• Tunnel Liners
• Bridges and Highways
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Malysia waterproofing market. Some of the major players explored in the report by Expert Market Research are as follows:

• Sika Malaysia
• PENTENS Holdings Sdn Bhd.
• BASF (Malaysia) Sdn Bhd
• Bostik Malaysia
• GCP Applied Technologies (Malaysia) Sdn. Bhd
• MAPEI Malaysia Sdn Bhd (MMSB)
• Saint Gobain Malaysia
• Fosroc Sdn Bhd
• Topkrete Sdn Bhd
• Chemind Industries Sdn Bhd.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.