Key Players
Competitive Landscape
Specifiers on commercial and infrastructure jobs approve a waterproofing system first, and contractors then buy the named product. Sika competes on full system approvals and grew data centre sales in the Americas at a double-digit pace.[5] RPM International (Tremco CPG) is adding below-grade membranes and repair products through Volteco.[1]
Indian paint makers compete for dealer shelf space. Birla Opus reported more than 1,450 exclusive franchise outlets in August 2026.[6] Asian Paints grew decorative volume 9% in India in the June quarter.[2] JSW Paints gained the AkzoNobel India business in December 2025.[7]
Company developments mapped to drivers, trends and opportunities (2026-2036)
| Development | Driver | Trend | Opportunity |
|---|---|---|---|
| September 2026: RPM International (Tremco CPG) agrees to buy Volteco. | Below-grade and repair work. | Acquisitions of waterproofing specialists. | Heavier systems for basements and tunnels. |
| July 2026: Sika raises the 2026 sales growth outlook. | Recovery in EMEA construction. | Data centre projects. | Full-system specification on large jobs. |
| December 2025: AkzoNobel completes the sale of AkzoNobel India. | Indian housing and repainting. | Consolidation among Indian paint makers. | Waterproofing sold through paint dealers. |
Source: Future Market Insights, Waterproof Coatings Market Report, 2026-2036.
Contractors now ask for system warranties and applicator training before approving a waterproofing supplier. Suppliers offering both liquid and sheet systems with trained crews will keep specification on large projects.
Who leads the waterproof coatings market?
Sika reports the largest construction chemicals sales base among the profiled companies, at CHF 5,589.8 million in six months.[5] Asian Paints reported ₹10,521.4 crore of consolidated net sales in the June quarter, and Birla Opus describes itself as third in organised decorative paints in India.[2][6]
Which companies have documented positions?
RPM International (Tremco CPG) documents the Volteco purchase and the Amphibia below-grade membrane.[1] Birla Opus documents dealer outlets and price revisions.[6] AkzoNobel documents the sale of the Indian paints business.[7]
What should buyers evaluate before approving a supplier?
Membrane type, film thickness, crack-bridging, water-pressure resistance, VOC content, system warranty and applicator training come first. Infrastructure owners also check test certificates and site support.
How is competition expected to change through 2036?
Construction chemical groups will buy below-grade and roofing specialists, and Indian paint makers will push waterproofing through larger dealer networks.
Representative Company Overview
| Company | Positioning | Recent development |
|---|---|---|
| Sika | Swiss construction chemicals group with roofing and waterproofing systems | July 2026: raised 2026 sales growth outlook to 3% to 6%. |
| Asian Paints | Indian paint maker selling waterproofing through dealers | July 2026: Indian decorative volume up 9%. |
| RPM International (Tremco CPG) | U.S. group with Tremco building envelope and waterproofing products | September 2026: agreed to buy Volteco. |
Research Methodology
The companies included in the report represent current market structure and do not indicate a market-share ranking. Sales, housing budgets and deal facts were taken from company releases, government programme coverage and trade press dated May 2025 onward.
