USD 23.2 Billion
Waterproofing Membranes Market Size, Share, Growth Analysis, By Product(Liquid Applied Membranes, and Sheet Membranes), By Application(Roofing, Walls, Building Structure, Tunnel & Landfills), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2104 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
64
|Figures:
75
Waterproofing Membranes Market Insights
Global Waterproofing membranes Market size was valued at USD 23.2 Billion in 2022 and is poised to grow from USD 24.85 Billion in 2023 to USD 43.01 Billion by 2031, at a CAGR of 7.1% during the forecast period (2024-2031).
The purpose of the waterproofing membranes market is to cater to the increasing demand for effective waterproofing solutions in construction projects worldwide. As urbanization and infrastructure development continue to rise, there is a growing need to safeguard buildings and infrastructure from water-related issues such as leaks, dampness, and structural deterioration. Waterproofing membranes provide a reliable solution to address these concerns, ensuring the integrity and longevity of structures. A major driving factor behind the growth of the global waterproofing membranes market is the rapid expansion of the construction industry.
Urbanization, population growth, and increasing investments in infrastructure projects fuel the demand for waterproofing solutions. Additionally, stricter building regulations and the need for sustainable and energy-efficient construction practices further boost the adoption of advanced waterproofing membranes. The market also faces challenges related to the durability and performance of waterproofing membranes. Constant exposure to harsh weather conditions, UV radiation, and chemical exposure can affect the effectiveness and lifespan of the membranes. Manufacturers are continually striving to develop innovative and high-performance membranes to overcome these challenges. The global waterproofing membrane market serves the purpose of providing reliable and effective solutions to protect structures from water damage. While driving factors like urbanization and infrastructure development contribute to its growth, challenges such as cost and performance issues exist. However, the market also presents opportunities, including emerging markets, sustainable construction practices, and innovation in materials and technologies. Manufacturers and industry stakeholders continue to work towards addressing challenges and capitalizing on opportunities to meet the growing demand for waterproofing solutions worldwide.
US Waterproofing Membranes Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Liquid Applied Membranes
Fastest Growth
Liquid Applied Membranes
Growth Rate
7.1% CAGR
Global Waterproofing Membranes Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Waterproofing Membranes Market Segmental Analysis
The global waterproofing membranes market is segmented on the product, application, and region. By product, the market is segmented into liquid applied membranes, and sheet membranes. In terms of application, the market is segmented into roofing, walls, building structure, tunnel & landfills, and other. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Liquid applied membranes, the largest segment in the market, continues to dominate with a substantial market share. In 2022, it accounted for a significant portion of the overall revenue, reflecting its widespread adoption across diverse industries. Liquid applied membranes offer numerous advantages, such as ease of application, seamless coverage, and the ability to conform to complex shapes and contours. These membranes provide a continuous, monolithic barrier against water intrusion, making them highly effective in protecting structures from leaks and water damage. Additionally, their versatility enables their application in various areas such as roofs, basements, decks, and walls. As a result, the liquid applied membranes segment has garnered a strong foothold in the market and continues to attract significant investments from manufacturers and end-users alike.
The sheet membranes segment is experiencing remarkable growth and holds the title of the fastest-growing segment in the waterproofing membranes market. This segment is anticipated to witness a substantial compound annual growth rate (CAGR) over the forecast period. Sheet membranes offer excellent waterproofing properties and are widely used in roofing, below-grade applications, and other areas prone to water exposure. The increasing adoption of sheet membranes can be attributed to their durability, ease of installation, and ability to provide robust protection against moisture and water intrusion. Additionally, sheet membranes are available in various forms such as self-adhesive, torch-applied, and cold-applied, offering flexibility and catering to diverse project requirements. The growing awareness about the importance of waterproofing in construction projects, coupled with the rising demand for effective and reliable solutions, is fueling the growth of the sheet membranes segment.
Analysis by Application
In 2022, the roofing application segment emerged as the dominant revenue contributor, accounting for a substantial share of 31.8% in the global waterproofing membranes market. This remarkable growth can be primarily attributed to its increasing adoption in the Asia-Pacific region, particularly in residential housing construction projects. Furthermore, the demand for sheet membranes specifically designed for roofing applications is anticipated to drive the growth of this segment in the coming years, owing to their effectiveness in protecting against rainwater and environmental moisture.
The building structure segment is projected to experience a notable compound annual growth rate (CAGR) of 7.8% in terms of revenue during the forecast period. This growth can be attributed to the widespread application of waterproofing membranes in various building structures, where they play a crucial role in improving durability, extending the shelf life, and providing protection under varying temperature conditions. the utilization of sheet membranes for flooring purposes in buildings is expected to contribute significantly to the growth prospects of this segment.
Global Waterproofing Membranes Market By Product
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Waterproofing Membranes Market Regional Insights
In 2022, the Asia Pacific region emerged as the dominant player in the waterproofing membranes market, capturing the largest revenue share of 32.1%. This growth can be attributed to the extensive infrastructural developments and rapid industrialization, particularly in countries like China and India. The increasing urbanization and industrial growth lead to higher congestion in cities, resulting in a greater demand for utilities and domestic water requirements. This factor contributes to the overall market growth in the region. Furthermore, the expanding roofing and waste management industries also drive the demand for waterproofing membranes in the Asia Pacific region. Additionally, the use of waterproofing membranes in mining applications is expected to further fuel market growth.
The North American market for waterproofing membranes was estimated to be USD 5.29 billion in 2022 and is projected to grow significantly during the forecast period. This growth can be attributed to the rise in construction activities, particularly in Mexico and Canada. The increased investment in warehouse construction for various industries such as healthcare, retail, and automotive, which require effective waterproofing solutions, positively impacts the growth of the industry in the region.
Global Waterproofing Membranes Market By Geography
- Largest
- Fastest
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Waterproofing Membranes Market Dynamics
Drivers
Growing Infrastructural Developments
- The demand for waterproofing membranes was driven by extensive infrastructural projects worldwide. For instance, in 2022, China continued its ambitious Belt and Road Initiative, which involved massive infrastructure development across various countries, including the construction of roads, bridges, and buildings. These projects necessitated the use of waterproofing membranes to ensure long-lasting and durable structures.
Increasing Focus on Sustainable Construction
- The construction industry exhibited a growing emphasis on sustainable practices, which contributed to the demand for eco-friendly and energy-efficient waterproofing solutions. As environmental regulations became more stringent, manufacturers introduced innovative membranes made from recyclable materials or with reduced carbon footprint. This trend was prominent in developed regions like Europe and North America.
Restraints
Cost Concerns
- The high cost associated with quality waterproofing membranes and their installation posed a challenge to market growth. In some regions with cost-sensitive markets or smaller construction projects with limited budgets, the affordability of premium membranes became a significant restraint. This factor affected the adoption of advanced waterproofing solutions in certain market segments.
Performance Limitations
- Waterproofing membranes faced challenges related to their durability and performance in harsh environmental conditions. Exposure to UV radiation, extreme temperatures, and chemical exposure could affect the effectiveness and lifespan of the membranes. Manufacturers worked on developing improved formulations and technologies to enhance the durability and performance of membranes in challenging environments.
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Waterproofing Membranes Market Competitive Landscape
The global waterproofing membranes market is highly competitive and characterized by the presence of several key players. These companies engage in intense competition to gain market share and maintain their competitive edge. The competitive landscape of the market is shaped by factors such as product innovation, technological advancements, geographical reach, and strategic collaborations. To stay competitive, companies in the waterproofing membranes market focus on continuous product innovation and development. They invest heavily in research and development activities to introduce advanced membranes that offer improved performance, durability, and ease of installation. For example, companies are developing self-healing membranes, smart membranes with sensor technologies, and eco-friendly membranes to meet the increasing demand for sustainable and technologically advanced solutions.
Top Player’s Company Profiles
- Sika AG (Switzerland)
- BASF SE (Germany)
- Carlisle Companies Inc. (US)
- Dow Chemical Company (US)
- GAF Materials Corporation (US)
- Firestone Building Products Company LLC (US)
- Saint-Gobain Weber (France)
- Kemper System America Inc. (US)
- Soprema Group (France)
- Pidilite Industries Ltd. (India)
- Fosroc International Limited (UK)
- DuPont de Nemours, Inc. (US)
- RPM International Inc. (US)
- GCP Applied Technologies Inc. (US)
- Isomat S.A. (Greece)
- Johns Manville Corporation (US)
- IKO Industries Ltd. (Canada)
- Oriental Yuhong Waterproof Technology Co., Ltd. (China)
- CETCO (Colloid Environmental Technologies Company) (US)
- Paul Bauder GmbH & Co. KG (Germany)
Recent Developments
- In June 2022, SealMaster launched a new line of elastomeric waterproofing membranes for the commercial market. The new membranes are designed to provide superior performance and durability in extreme weather conditions.
- In May 2022, Mapei launched a new liquid waterproofing membrane for the residential market. The new membrane is easy to apply and provides a long-lasting watertight barrier.
- In April 2022, BASF launched a new line of waterproofing membranes for the construction industry. The new membranes are designed to provide superior performance and durability.
- In March 2022, Soprema Group, a leading manufacturer of waterproofing membranes, acquired Sika’s waterproofing business for €1.3 billion. This acquisition will strengthen Soprema’s position in the global waterproofing market.
Waterproofing Membranes Key Market Trends
- Increasing Demand in Roofing Applications: The roofing industry witnessed a rising demand for waterproofing membranes, particularly in regions with high rainfall or extreme weather conditions. The adoption of membranes as a primary waterproofing solution for roofs increased, replacing traditional methods like asphalt. This trend was observed in both residential and commercial construction projects.
- Advancements in Liquid-Applied Membranes: Liquid-applied waterproofing membranes gained traction in the market due to their ease of application and versatility. These membranes offered seamless coverage and improved adhesion to various substrates, making them popular for both new construction and renovation projects. Advancements in liquid-applied membrane technologies, such as fast-curing formulations and enhanced chemical resistance, contributed to their growing adoption.
Waterproofing Membranes Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global waterproofing membranes market analysis, the increasing demand for waterproofing solutions is primarily fuelled by extensive infrastructural developments and rapid industrialization in countries like China and India. Additionally, the trend towards urbanization has led to a higher concentration of people in cities, resulting in increased demand for utilities and domestic water requirements. This, in turn, drives the need for effective waterproofing solutions. Moreover, the rise of the roofing and waste management industries further contributes to market growth. On the other hand, cost concerns associated with high-quality waterproofing membranes and their installation, as well as performance limitations in harsh environmental conditions, act as restraining factors. However, the market presents significant opportunities, such as the emerging markets in Asia Pacific and the increasing focus on sustainable construction practices. Overall, the global waterproofing membranes market is driven by the need for reliable and long-lasting waterproofing solutions in the construction industry.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 23.2 Billion |
| Market size value in 2031 | USD 43.01 Billion |
| Growth Rate | 7.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Waterproofing Membranes Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Waterproofing Membranes Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Waterproofing Membranes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Waterproofing Membranes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Waterproofing Membranes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Waterproofing Membranes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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