According to a new report by Expert Market Research titled, “Malaysia Waterproofing Market Share, Size, Report and Forecast 2024-2032″, the Malaysia waterproofing market size reached a value of USD 229.09 million in 2023. Aided by the burgeoning construction sector and heightened awareness of building longevity and maintenance, the market is projected to further grow at a CAGR of 4.90% between 2024 and 2032 to reach a value of USD 351.69 million by 2032.
Waterproofing in construction involves techniques and materials used to prevent water penetration into the structural elements of a building. It is crucial for protecting buildings from damage caused by water ingress, which can lead to costly repairs and structural failures. The primary waterproofing materials include membranes, coatings, sealants, and integral systems, each suited to different types of construction and environmental conditions.
Malaysia’s ongoing expansion in residential, commercial, and infrastructure projects is a significant catalyst for the Malaysia waterproofing market growth. Additionally, the government’s focus and initiatives on improving national infrastructure further bolster this growth.
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Moreover, the tropical climate of Malaysia, characterised by heavy rainfall and high humidity, necessitates robust waterproofing solutions to prevent water-related damage and deterioration in buildings. Innovations in waterproofing materials and techniques, such as eco-friendly and energy-efficient solutions, are gaining traction in the market, driven by increasing environmental concerns and regulatory standards, consequently driving up the Malaysia waterproofing market share.
The integration of smart technologies such as alerts about leaks and potential weaknesses in the waterproofing system further drives the market growth upwards. Moreover, the development of sustainable materials that reduce environmental impact without compromising the performance of a waterproofing system is a notable key trend in the market.
As per the Malaysia waterproofing market analysis, roofing, and balconies, hold a substantial share. This is due to the tropical climate in Malaysia, which experiences year-round rainfall, as well as the continuous growth of residential constructions. The increasing awareness of the potential risks associated with stagnant water accumulation on roofs and balconies, such as the breeding of bacteria and insects, has significantly contributed to the rising demand for waterproofing in the country. As people in Malaysia become more conscious of the dangers of water seepage and accumulation, they are taking proactive measures to waterproof their roofs and balconies, thus preventing water stagnation and interior damage.
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The central region of Peninsular Malaysia, which includes Kuala Lumpur and surrounding areas, dominates the waterproofing market due to the high concentration of construction activities. The eastern and northern regions are also experiencing increased development of commercial and residential projects, leading to the Malaysia waterproofing market growth.
Market Segmentation
The market can be divided based on the type, technology, and application.
Market Breakup by Type
• Liquid Membrane
o Bituminous Coating
o Polyurethane Membrane
o Epoxy
o 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 Malaysia waterproofing market. Some of the major players explored in the report by Expert Market Research are as follows:
• Sika Malaysia
• PENTENS Holdings 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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