Thailand Waterproofing Market Outlook
According to the report by Expert Market Research (EMR), the Thailand waterproofing market size is projected to grow at a CAGR of 7.90% between 2024 and 2032. Aided by the increasing demand for durable and reliable construction materials in the region, the market is expected to grow significantly by 2032.
Waterproofing is a crucial process in construction, involving the application of specialised materials and techniques to prevent water ingress into buildings and structures. This not only ensures the longevity and durability of the construction but also protects against potential health hazards associated with water damage, such as mould and mildew growth.
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The rising urbanisation and infrastructure development in Thailand has significantly contributed to the increased demand for waterproofing solutions, as more buildings and structures require protection against the country’s tropical climate and heavy rainfall. This is expected to drive the Thailand waterproofing market expansion.
The market growth is further fuelled by advancements in waterproofing technologies and materials. Innovations such as liquid-applied membranes, self-adhesive membranes, and cementitious waterproofing have revolutionised the market, offering more effective and efficient solutions. These technologies provide superior flexibility, adhesion, and resistance to environmental factors, making them increasingly popular among contractors and builders. This is expected to result in Thailand waterproofing market development.
The residential sector accounts for a substantial share of the waterproofing market in Thailand, driven by the growing demand for housing and the increasing awareness among homeowners about the importance of protecting their properties from water-related damages. Additionally, the commercial and industrial sectors are also significant contributors to the market growth, with the need for waterproofing in facilities such as shopping malls, office buildings, factories, and warehouses.
The government’s initiatives to promote sustainable and resilient infrastructure development have also played a crucial role in the market’s expansion. Regulations and standards regarding construction quality and safety have been implemented, emphasising the necessity of waterproofing in new and existing structures. This regulatory environment has encouraged the adoption of advanced waterproofing solutions, further propelling the market growth.
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Sustainability and eco-friendliness are expected to be key trends in the Thailand waterproofing market. With the global shift towards green building practices, there is a growing demand for environmentally friendly waterproofing materials that are non-toxic and have a low carbon footprint. Products that are made from recycled materials or that contribute to energy efficiency are likely to gain popularity.
Technological advancements, such as the development of smart waterproofing solutions that can monitor moisture levels and detect leaks, are also anticipated to shape the future of the market. These innovations can provide real-time data and alerts, enabling timely maintenance and repairs, thus extending the lifespan of structures. This is one of the key Thailand waterproofing market trends.
Despite the positive outlook, the Thailand waterproofing market faces challenges such as fluctuating raw material prices and the need for skilled labour to apply advanced waterproofing systems. However, these challenges also present opportunities for market players to innovate and develop cost-effective and easy-to-apply solutions.
The increasing focus on green building practices and eco-friendly construction materials opens new avenues for the waterproofing market. The demand for sustainable waterproofing solutions that minimise environmental impact is expected to rise, offering growth opportunities for manufacturers and suppliers of environmentally friendly waterproofing products. This is expected to contribute towards the Thailand waterproofing market expansion.
The Thailand waterproofing market is on a growth trajectory, driven by the robust construction industry, technological advancements, and the increasing emphasis on building durability and safety. With a focus on sustainability, innovation, and quality, the market is expected to continue expanding in the forecast period, offering numerous opportunities for players.
Market Segmentation
The market can be divided based on type, technology, and application.
Market Breakup by Type
- Liquid Membrane
- 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 Thailand waterproofing market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sika Thailand
- Bostik (Thailand) Co.,Ltd.
- GCP Applied Technologies Holdings (Thailand) Limited
- Saint Gobain Thailand
- Fosroc (Thailand) Limited
- Clevcon (Thailand) Co., Ltd.
- Jorakay Corporation Co.,Ltd.
- Act (Thailand) Co., Ltd.
- Others
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