Global waterproofing membranes market was valued at USD 21.14 million in 2020. It is expected to grow at 6.4% compound annual growth rate (CAGR), between 2021 and 2028. Market growth is expected to be positive due to the growing demand for waterproofing materials from the waste and water management industry, as well as the development of water conservation infrastructure. Waterproofing membranes are used in many applications, such as roofs, wet rooms, water and wastewater treatment plants, retaining walls and foundations and tunnels. The projected growth in product demand will be aided by a growing consumer awareness regarding product benefits and the adoption of new materials like Geomembranes.
Over the forecast period, the U.S. will be North America's largest market for waterproofing membranes. The region's rapid industrialization is expected to drive demand for sheet membranes due to increasing construction projects and new housing developments. The region's sheet membranes market will be driven by a growing preference of consumers for longer-lasting paint jobs.
In the coming years, factors such as low manufacturing costs and increased mining activity in different regions will likely increase product utilization. The growing trend in wastewater management will also likely increase product demand during the forecast period.
There are several regulations that govern the use and production of waterproofing membranes. As/NZS 4858, 2004, wet-area membranes, should be used to waterproof membranes that are intended for use in bathrooms, kitchens, and laundry rooms in residential buildings.
The market lacks expertise in choosing the right membrane for durable structures such as basements, decks and watercraft. This will limit market growth over the forecast period. The market growth is also affected by fluctuating raw material prices for polypropylene, bitumen and crude oil.
Due to growing awareness about the benefits of liquid applied membranes, such as their cost-effectiveness and ease-of-installation, they dominated the market with a share of 63.4%. The demand for liquid applied membranes will rise due to the increasing importance of global infrastructure in water conservation and treatment.
In terms of revenue, polyurethane liquid-applied membranes will grow at a fastest rate of 9.5% during the forecast period. Because it is uniform in thickness, its use across different applications is easy. These membranes are used in waterproofing roofs, wet areas, water and wastewater treatment plants, stadium stands, and other applications.
Over the forecast period, bituminous liquid-applied membranes will grow at a rapid pace. It is due to their unique characteristics, including high resistance to weathering and aging, UV radiation and improved flow resistance at high temperature, as well as the ability to increase product viability at low temperatures.
Due to their benefits, such as UV radiation and precipitation resistance, polyvinyl chloride sheet membranes (PVC), are expected to see significant growth during the forecast period. The product's ability of withstanding heavy loads will also be a major selling point.
The market leader in roofing applications was more than 31.0% of global revenue in 2020. Its increasing use in Asia Pacific for residential housing construction is responsible. The roofing market will continue to grow due to increased rainwater and moisture exposure.
Building structures is projected to grow at 8.4% in revenue over the forecast period. Its high use in building to increase the shelf life and protect against varying temperatures is responsible for this growth. The segment is also expected to see growth opportunities from sheet membranes used in flooring applications in buildings.
Due to increased demand for cleaning techniques in tunnels, landfills and tunnels will see significant growth over the forecast period. This segment is expected to be driven by a positive outlook due to the rising demand for waterproofing membranes from developing countries.
Other applications include wet rooms, kitchen floors and bathrooms. The segment is also expected to grow because of increased awareness about the benefits (such as the long-term cost-effectiveness, and risk mitigation) associated with waterproofing membranes.
Asia Pacific was the dominant market, accounting for more than 32.0% of global revenue in 2020. This is due to rapid industrialization and growing infrastructure developments in China and India. The trend will also increase congestion in the city which will in turn increase demand for utilities in domestic water application, thus boosting growth in the market.
Due to an increase in construction activity, North America's market is expected to grow significantly over the forecast period. The industry's growth is also being influenced by the increasing investment in warehouse construction to serve the automotive, healthcare, and retail industries that require waterproofing solutions.
Product penetration in advanced countries like France, Germany, the U.K, and Germany is driving Europe's market. The region's growing adoption of water conservation and waste management will also drive product demand over the forecast period.
From 2021 to 2028, the demand for waterproofing membranes will grow significantly in Central and South America. The government's investment of USD 6.4 billion in infrastructure projects in 2020 is expected to boost the market for waterproofing solutions in the industrial and commercial segments.
Integration through raw material procurement and waterproofing fabric manufacturing has been the hallmark of this market. Through mergers and acquisitions, capacity expansion and partnerships, companies are trying to increase sales to help the market.
The market is highly competitive because of the large number of companies involved in waterproofing membrane production. To differentiate themselves from their competitors in the value chain, major companies use a dedicated distribution network to run their businesses. The following are some of the most prominent players in global waterproof membranes market:
BASF SE
Kemper System America, Inc.
GAF Materials Corporation
Paul Bauder GmbH & Co. KG
CICO Technologies Ltd.
Fosroc Ltd.
GAF Materials Corporation
Alchimica Building Chemicals
Maris Polymers
Isomat S.A.
Bayer MaterialScience AG
Up Market Research published a new report titled “Waterproofing Membranes Market research report which is segmented by Product (Sheet Membranes, Liquid Applied Membranes), by Application (Building Structures, Roofing), By Players/Companies BASF SE, Isomat SA, GAF Materials Corporation, Kemper System America Inc, Paul Bauder GmbH & Co KG, Alchimica Building Chemicals, Maris Polymers, CICO Technologies Ltd, Fosroc Ltd, GAF Materials Corporation, Bayer MaterialScience AG”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Waterproofing Membranes Market Research Report |
By Product | Sheet Membranes, Liquid Applied Membranes |
By Application | Building Structures, Roofing |
By Companies | BASF SE, Isomat SA, GAF Materials Corporation, Kemper System America Inc, Paul Bauder GmbH & Co KG, Alchimica Building Chemicals, Maris Polymers, CICO Technologies Ltd, Fosroc Ltd, GAF Materials Corporation, Bayer MaterialScience AG |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 212 |
Number of Tables & Figures | 149 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Product (Sheet Membranes, Liquid Applied Membranes), by Application (Building Structures, Roofing).
Waterproofing Membranes Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Waterproofing Membranes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Waterproofing Membranes Market Report:
Some other reports from this category!