東協防水市場：市場佔有率分析、產業趨勢與統計、成長預測（2026-2031）

東協防水市場預計將從 2025 年的 5.1486 億美元成長到 2026 年的 5.4635 億美元，到 2031 年將達到 7.3468 億美元，2026 年至 2031 年的複合年成長率為 6.12%。

強而有力的政府資本支出計畫、住宅的穩定復甦以及對氣候變遷調適的優先重視，正推動東協防水市場保持持續成長動能。印尼、馬來西亞、泰國和越南的大型計劃與高性能防水卷材、液體防水系統和水泥基塗料的採購直接相關，這些材料用於保護潮濕多雨環境下的鋼筋混凝土結構。同時，新加坡和泰國的綠色建築法規，以及城市層面的綠色屋頂獎勵，正在加速採用整合了防潮層、隔熱層和防根層等功能的優質防水組件。市場競爭格局仍保持平衡。跨國製造商正日益實現生產在地化以控制運輸成本，而本地專業公司則憑藉其成本柔軟性和計劃經驗訂單中型專案。儘管原料價格波動和認證安裝人員短缺限制了短期利潤率，但也推動了技術創新，朝著更簡單、更省力的產品方向發展。

東協防水市場趨勢與洞察

政府基礎建設支出激增

為交通走廊、機場、供水系統和防洪工程等計劃提供的財政獎勵策略，帶動了結晶質外加劑、隧道防水膜和橋面塗料訂單的激增。越南已將2025年公共投資支出上限提高至743.33兆越南盾。這主要得益於《公共投資法》的修訂，旨在縮短採購週期，並促進公路、港口和地鐵計劃採用先進的防水技術。資本計劃業主通常將70%的建設成本用於材料，其中防水雖然佔比不大，但卻是實現熱帶地區預期使用壽命的關鍵組成部分。亞洲開發銀行估計，2016年至2030年間，東協基礎設施缺口將達到2.8兆美元至3.1兆美元，這確保了對包括高性能防潮系統在內的建築化學品的長期需求。

都市區住宅熱潮（東協）

城市人口的快速成長和土地供應的緊張推動了高層公寓大樓和以公共交通為導向的開發項目的興起，對堅固的外牆保護提出了更高的要求。新加坡的《2040年陸路交通總體規劃》撥款225億瑞士法郎用於鐵路網路建設，鼓勵在鐵路沿線建造住宅。屋頂防水膜必須符合綠地法規。在菲律賓，城鎮計劃的外商直接投資增加，推動了對兼具成本效益和十年保固的水泥基塗料的需求。在全部區域，開發商正在轉向使用液態塗覆型防水膜，這種防水膜能夠適應複雜的幾何形狀，減少接縫缺陷和人工成本。在工期緊張的情況下，這些防水膜是一個極具吸引力的選擇。市場需求也轉向丙烯酸-聚氨酯混合體系，這種體系的延伸率超過300%，並且能夠在兩小時內達到防雨性能。這些特質在漫長的季風季節尤其重要。這些住宅市場趨勢確保了東協防水市場的持續採購週期，因為每個公寓大樓的建造階段和維修週期都需要新的防水層。

原物料價格波動

在膜材生產中，石腦油衍生物、基礎瀝青和聚合物樹脂佔生產成本的70%之多。根據Polymerupdate報道，2025年4月東南亞苯乙烯單體價格為每噸910-920美元，較上月下降30美元，凸顯了受中國需求疲軟影響導致的價格快速波動。根據BitumenMag報道，由於SBS和APP改質劑價格下跌導致價差收窄，聚合物改性瀝青生產商面臨利潤壓力，而與原油價格掛鉤的黏合劑價格則保持堅挺。對於缺乏避險機製或後向整合的東協中小型防水產業參與者而言，原物料成本的波動正在侵蝕其息稅折舊攤提前利潤（EBITDA），導致週期性停產和配方改善的資本投資放緩。

細分市場分析

預計到2025年，防水卷材將佔東協防水市場43.62%的佔有率，並在2031年之前以6.78%的複合年成長率成長，成為東協防水市場新增收入的主要驅動力。這一成長主要得益於熱塑性聚烯（TPO）和三元乙丙橡膠（EPDM）的創新，這些材料具有超過15年的紫外線穩定性、化學惰性和低溫焊接性能。大金的含氟聚合物添加劑可提高表面反射率和耐熱老化性能，延長熱帶地區屋頂的使用壽命。

未來的研發重點在於開發自修復膜，這種薄膜整合了微膠囊聚合物，可在穿孔後激活，從而降低業主的全生命週期成本，並在以規格為導向的競標中使供應商脫穎而出。新興的混合片材將TPO面層與丁基橡膠背襯相結合，實現機械和化學雙重粘合，簡化了複雜穿孔的詳細設計。投資建設區域先導工廠生產此類複合材料的供應商可以降低運輸成本，並符合在地採購要求，從而增強其在公共資助計劃競標的競爭力。

東協防水市場報告按系統類型（水泥基系統、防水卷材、止水帶、耐化學腐蝕防水系統）、應用領域（屋頂和牆面、地面和地下室、用水和污水處理、隧道襯砌等）以及地區（馬來西亞、印尼、泰國、新加坡、菲律賓、越南、緬甸）進行細分。市場預測以美元以金額為準。

其他福利：

• Excel格式的市場預測（ME）表
• 3個月的分析師支持

目錄

第1章 引言

• 研究假設和市場定義
• 調查範圍

第2章調查方法

第3章執行摘要

第4章 市場情勢

• 市場概覽
• 市場促進因素
  • 政府基礎建設支出激增
  • 東協都市區住宅熱潮
  • 熱帶氣候中的濕度挑戰
  • 大城市的綠色屋頂概念
  • 根據東協自由貿易協定降低進口關稅
• 市場限制
  • 原物料價格波動
  • 地緣政治貿易緊張局勢
  • 熟練防水工人短缺
• 價值鏈分析
• 波特五力模型
  • 供應商的議價能力
  • 買方的議價能力
  • 新進入者的威脅
  • 替代品的威脅
  • 競爭對手之間的競爭

第5章 市場規模與成長預測

• 依系統類型
  • 水泥基防水系統
  • 膜
  • 止水材料
  • 耐化學腐蝕防水系統
• 透過使用
  • 屋頂和牆壁
  • 樓層/地下室
  • 用水和污水管理
  • 隧道襯砌
  • 橋樑和高速公路
  • 其他用途
• 按地區
  • 馬來西亞
  • 印尼
  • 泰國
  • 新加坡
  • 菲律賓
  • 越南
  • 緬甸

第6章 競爭情勢

• 市場集中度
• 策略趨勢
• 市佔率（%）/排名分析
• 公司簡介
  • Ardex Group
  • Arkema
  • Campbridge Paints Inc.
  • Dow
  • Henkel AG & Co. KGaA（Henkel Polybit Industries）
  • MAPEI SpA
  • Minerals Technologies Inc.
  • Pidilite Industries Ltd.
  • PT. SELARAS CIPTA GLOBAL
  • Saint-Gobain
  • Sika AG
  • Solmax
  • SOPREMA Group
  • SWC Construction
  • Xypex Chemical Corporation

第7章 市場機會與未來展望

The ASEAN Waterproofing Market is expected to grow from USD 514.86 million in 2025 to USD 546.35 million in 2026 and is forecast to reach USD 734.68 million by 2031 at 6.12% CAGR over 2026-2031.

Robust government capital-expenditure pipelines, a steady residential construction up-cycle, and climate-adaptation priorities converge to keep the ASEAN waterproofing market on a durable growth path. Infrastructure megaprojects in Indonesia, Malaysia, Thailand, and Vietnam are translating directly into procurement of high-performance membranes, liquid-applied systems, and cementitious coatings that secure reinforced-concrete assets in humid, high-rainfall conditions. At the same time, green-building mandates in Singapore and Thailand, together with city-level incentives for vegetated roofs, are accelerating the specification of premium waterproofing assemblies that combine moisture barriers, insulation, and root-resistance layers. Competitive dynamics remain balanced: multinational manufacturers are localizing production to manage freight costs, while regional specialists leverage cost agility and project relationships to win mid-scale work. Raw-material price swings and the shortage of certified applicators cap short-term margins but also catalyze innovation toward simplified, labor-saving products.

ASEAN Waterproofing Market Trends and Insights

Government Infrastructure Spending Surge

Fiscal stimulus is funneling into transport corridors, airports, water-supply schemes, and flood-control projects, creating immediate order books for concrete-integral crystalline admixtures, tunnel-grade membranes, and bridge-deck coatings. Vietnam has lifted its 2025 public-investment disbursement ceiling to VND 743,330 billion, a move supported by a revised Public Investment Law that speeds procurement timelines and opens doors for advanced waterproofing formulas in expressway, port, and metro packages. Capital-project owners typically allocate 70% of construction outlays to materials, of which waterproofing constitutes a small yet mission-critical fraction to secure service-life targets under tropical conditions. The Asian Development Bank pegs the 2016-2030 ASEAN infrastructure gap at USD 2.8-3.1 trillion, assuring long-run demand for construction chemicals, including high-performance moisture-barrier systems.

Residential-Housing Boom in Urban ASEAN

Surging urban populations and tightening land supplies are spawning high-rise condominiums and transit-oriented developments that require robust envelope protection. In Singapore, the Land Transport Master Plan 2040 commits CHF 22.5 billion to rail connections that stimulate adjacent residential construction, where roof-deck membranes must satisfy green-plot ratio rules. The Philippines is experiencing intensified foreign-direct-investment inflows into township projects, driving volume for cost-optimized cementitious coatings that still deliver 10-year warranties. Across the region, developers are upgrading to liquid-applied membranes that contour complex geometries, reducing joint failures and cutting labor hours-an attractive proposition amid tight construction schedules. Demand is also shifting toward hybrid acrylic-polyurethane systems offering elongation above 300% and rain-resistance in under two hours, features prized during the long monsoon season. These residential dynamics ensure recurring procurement cycles for the ASEAN waterproofing market as each condominium phase and refurbishment cycle specifies fresh layers of protection.

Raw-Material Price Volatility

Naphtha derivatives, base bitumen, and polymer resins account for up to 70% of production cost in membrane manufacturing. Polymerupdate recorded Southeast Asian styrene monomer prices at USD 910-920 per metric ton in April 2025, down USD 30 month-on-month, underscoring price whiplash tied to Chinese demand weakness. BitumenMag notes that polymer-modified bitumen producers saw profit squeezes when crude-linked binder prices held firm while SBS and APP modifiers fell, compressing spread margins. Volatile feedstock costs erode EBITDA for smaller ASEAN waterproofing industry participants lacking hedging tools or backward integration, leading to periodic shutdowns and slowed capex on formulation upgrades.

Other drivers and restraints analyzed in the detailed report include:

1. Tropical-Climate Moisture Challenges
2. Green-Roof Initiatives in Megacities
3. Skilled Waterproofing Labor Gap

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Membranes claimed a 43.62% ASEAN waterproofing market share in 2025, and the segment is forecast to grow at a 6.78% CAGR through 2031, driving the lion's share of incremental revenue within the ASEAN waterproofing market size. Growth stems from thermoplastic polyolefin (TPO) and ethylene propylene diene monomer (EPDM) innovations that deliver UV stability beyond 15 years, chemical inertia, and weldability at lower temperatures. Daikin's fluoro-polymer additives boost surface reflectance and heat-aging performance, giving tropical rooftops an extended life cycle.

Looking ahead, research and development pipelines feature self-healing membranes integrating microencapsulated polymers that activate upon puncture, thus lowering life-cycle costs for owners and differentiating suppliers in specification-heavy tenders. Emerging hybrid sheets combine TPO topsides with butyl-rubber undersides for dual-mode adhesion, mechanical, and chemical, simplifying detailing at complicated penetrations. Suppliers investing in regional pilot plants to produce such composites gain freight savings and qualify under local-content rules, enhancing bid competitiveness across publicly financed projects.

The ASEAN Waterproofing Report is Segmented by System Type (Cementitious Systems, Membranes, Water Stops, and Chemical Resisting Water Proofing System), Application (Roofing and Walls, Floor and Basement, Water and Waste Management, Tunnel Liner, and More), and Geography (Malaysia, Indonesia, Thailand, Singapore, Philippines, Vietnam, and Myanmar). The Market Forecasts are Provided in Terms of Value (USD).

List of Companies Covered in this Report:

1. Ardex Group
2. Arkema
3. Campbridge Paints Inc.
4. Dow
5. Henkel AG & Co. KGaA (Henkel Polybit Industries)
6. MAPEI S.p.A.
7. Minerals Technologies Inc.
8. Pidilite Industries Ltd.
9. PT. SELARAS CIPTA GLOBAL
10. Saint-Gobain
11. Sika AG
12. Solmax
13. SOPREMA Group
14. SWC Construction
15. Xypex Chemical Corporation

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Govt infrastructure spending surge
  • 4.2.2 Residential housing boom in urban ASEAN
  • 4.2.3 Tropical climate moisture challenges
  • 4.2.4 Green-roof initiatives in megacities
  • 4.2.5 Lower import tariffs via ASEAN FTAs
• 4.3 Market Restraints
  • 4.3.1 Raw-material price volatility
  • 4.3.2 Geopolitical trade friction
  • 4.3.3 Skilled waterproofing labour gap
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry

5 Market Size and Growth Forecasts (Value)

• 5.1 By System Type
  • 5.1.1 Cementitious Systems
  • 5.1.2 Membranes
  • 5.1.3 Water Stops
  • 5.1.4 Chemical Resisting Water Proofing System
• 5.2 By Application
  • 5.2.1 Roofing and Walls
  • 5.2.2 Floor and Basement
  • 5.2.3 Water and Waste Management
  • 5.2.4 Tunnel Liner
  • 5.2.5 Bridge and Highway
  • 5.2.6 Other Applications
• 5.3 By Geography
  • 5.3.1 Malaysia
  • 5.3.2 Indonesia
  • 5.3.3 Thailand
  • 5.3.4 Singapore
  • 5.3.5 Philippines
  • 5.3.6 Vietnam
  • 5.3.7 Myanmar

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%)/Ranking Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Ardex Group
  • 6.4.2 Arkema
  • 6.4.3 Campbridge Paints Inc.
  • 6.4.4 Dow
  • 6.4.5 Henkel AG & Co. KGaA (Henkel Polybit Industries)
  • 6.4.6 MAPEI S.p.A.
  • 6.4.7 Minerals Technologies Inc.
  • 6.4.8 Pidilite Industries Ltd.
  • 6.4.9 PT. SELARAS CIPTA GLOBAL
  • 6.4.10 Saint-Gobain
  • 6.4.11 Sika AG
  • 6.4.12 Solmax
  • 6.4.13 SOPREMA Group
  • 6.4.14 SWC Construction
  • 6.4.15 Xypex Chemical Corporation

7 Market Opportunities and Future Outlook

• 7.1 White-space and Unmet-Need Assessment