Water Proofing Membrane Market is segmented By Type (Sheet Based Membranes, Liquid Applied Membranes), By Raw Material (PVC, HDPE, EPDM, TPO, Modified Bitumen, Others), By End User (Building Structures, Waste & Water Management, Walls & Roofing, Bridges & Highways, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Water Proofing Membrane Market size was worth around US$ YY million in 2022 and is expected to show significant growth by reaching up to US$ YY million by 2031, growing at a CAGR of 7.2% within the forecast period (2024-2031)
Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
7.2% |
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Segments Covered |
By Type, By Raw Material, By Application, By End User, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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A waterproofing membrane is a layer of different waterproof materials applied to a surface. The layer is continuous and prevents water from passing through it. Waterproofing is a broad word used by membrane producers to describe any product that can slow the passage of water. Membranes can be sheet-applied or liquid-applied. They are employed above ground on spandrels and façades, on water-containment structures such as planters, under mechanical-room and shower-room flooring, cavity walls, green vegetative roofs and plazas above-occupied spaces. The construction sector's progress has increased the demand for waterproofing materials for structural integrity. Economic development, expanding urbanization and industrialization in emerging economies are the major factors driving the demand for waterproofing membranes.
Water Proofing Membrane Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Water Proofing Membrane Market size, and growth, along with the latest trends, opportunities, and forecast till 2030 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. Water Proofing Membrane Market in the United States and Canada produces the utmost share. Whereas the European Water Proofing Membrane Market is projected to continue its presence globally during the period of 2023- 2030.
Market Dynamics
The rise in urbanization, economic growth and infrastructural developments escalated the demand for waterproofing membranes in recent times
Infrastructure is how low- and middle-income countries are transformed into emerging or developing ones. Increased infrastructure spending creates a great demand for commercial and public sector infrastructure developments such as power plants, electrical grids, water supply & treatment plants, highways, trains, airports, bridges, telecommunications networks, schools and hospitals.
The building and construction industries require robust, lightweight, long-lasting and adaptable materials. Building materials' quality and performance must be exceedingly consistent; as a result, the need for waterproofing membranes for infrastructure construction is expanding. The growing population in emerging countries, particularly in Asia-Pacific and the need for enhanced infrastructure will likely increase global demand for waterproofing membranes.
According to UN, the world population will exceed 8.5 billion by 2030 and 9.7 billion by 2050, necessitating building homes, commercial hubs, highways and waste & water management systems. China, Brazil, India, Southeast Asia, Russia and other developing economies have enormous potential for constructing and enhancing infrastructure. Waterproofing membrane use is predicted to rise since the membranes play an important role in increasing the overall quality and durability of infrastructure.
Health-associated effects create a huge challenging atmosphere for the growth of waterproofing membranes
Waterproofing membranes can cause mechanical skin irritation due to their rough surface. Furthermore, the product may stain and stick to the skin. Exposure to this product at high temperatures can cause thermal burns. The raw material used for producing waterproofing membranes has shown potential health hazards, which hurdled the market growth for the product. Numerous polycyclic aromatic hydrocarbons (PAH) may be present in asphalt fumes, some of which have been linked to the development of skin cancer. If this product is heated over 200°C, the amount of PAH produced may increase. Poor personal cleanliness may play a role in developing skin cancer caused by prolonged or repetitive contact of PAH with the skin. Asphalt fumes contain chemicals known to cause cancer in people, such as Benzo(a)pyrene and Dibenzo(a,h)anthracene.
The International Agency for Research on Cancer (IARC) reviewed the potential carcinogenicity of bitumen in its 2013 monograph (Volume 103). (the European term for asphalt). Its findings included the possibility of human cancer from occupational exposure to straight-run bitumens and their emissions during road paving (group 2B)
COVID-19 Impact Analysis on Water Proofing Membrane Market Growth
The global waterproofing membrane market was bustling and thriving before the COVID pandemic struck the world. The global building market's tremendous rise enhanced the demand for waterproofing membranes. However, as governments globally implemented lockdown measures in response to the COVID outbreak, demand for construction and related markets such as waterproofing membranes fell sharply, particularly in the second quarter of 2020, as global GDP fell dramatically and sales in the manufacturing sector fell precipitously.
In 2021, the global construction market was expected to rise by 35% in the post-pandemic market. The pandemic's aftermath on the construction sector will impact several industry developments, including the global waterproofing membrane market. The respective factor might be a major market growth driver for the global waterproofing membrane market.
Once several COVID restrictions were abolished, new and leased waterproofing membrane prices skyrocketed. The increase in the price of waterproofing membranes is related to the recovery of the construction sector, which resumed growth at the end of 2020. However, in the post-COVID market landscape, manufacturers' government initiatives and strategic actions are projected to increase the global waterproofing membrane market.
Segmentation Analysis
The global waterproofing membrane market is categorized by type, raw material, application, end-user and region.
Interior waterproofing or internal waterproofing repairs the basement leaks from the inside of the home and is the best solution for a damp basement
The global waterproofing membrane market is categorized into interior and exterior waterproofing membranes based on application. The interior waterproofing membrane holds the highest market share of the mentioned application globally. Interior waterproofing or internal waterproofing repairs the basement leaks from inside the home and is the best solution for a damp/wet basement. It is important to have internal waterproofing done in basements when they become damp and moist to stop the formation of mold and mildew, which will produce unpleasant odors and bacteria that are bad for the health. Another waterproofing option is with the help of hydrostatic pressure that builds up and results in a wet basement.
The segmental growth of the market is due to various advantages offered by interior waterproofing membranes, such as reduced water absorption, prevention of cracks on the concrete floor and the appliance is extremely easy. Furthermore, it will increase the lifetime of solid construction and prevent reinforcement corrosion. Also, it prevents dampness inside the building, acting as a market proliferate factor for the product in the forecast period.
Geographical Analysis
The expansion of waterproofing membranes in Asia-Pacific is due to increasing infrastructure development and fast industrialization, particularly in China and India
The expansion might be due to increasing infrastructure development and fast industrialization, particularly in China and India. Furthermore, the tendency would increase city congestion, raising demand for utilities in a home application for water requirements, adding to market growth.
The Chinese building and construction sector is the most important in Asia-Pacific. As China's commercial building and construction and high-end real estate have grown rapidly, so has the demand for waterproofing membranes. Furthermore, implementing energy-saving initiatives will likely stimulate demand for waterproofing membranes in China.
Significant infrastructure market share and urbanization expansion are expected to drive growth in the Asia-Pacific waterproofing membrane market. In October 2018, China's State Council released instructions to encourage investment in infrastructure development, such as roads, rivers, airports and trains, boosting market demand.
Waterproofing membranes shield infrastructure from aggressive chemicals in urban runoff and groundwater, such as raised tunnels, cut-and-cover tunnels and water-retaining structures. They enable long-term infrastructure utilization by prolonging service life, operating performance and safety, creating market growth prospects.
Apart from residential and commercial building construction, various metro rail projects in India are now under construction, including the Lucknow Metro, Kochi Metro, Ahmedabad Metro and Kanpur Metro. It is projected to stimulate the Indian building sector even more.
Companies and Competitive Landscape
The global waterproofing membrane market is highly competitive with local and global key players. Key players contributing to the market's growth are Firestone Building Products Company LLC, Flex Roofing Systems, GAF Materials Corporation, Sika AG, Carlisle Companies Inc, Solmax International Inc, Soprema Group, Copernit S.P.A., Laticrete International, Inc, Johns Manville, BASF SE and among others.
The major companies are adopting several growth strategies, such as product launches, acquisitions and collaborations, contributing to the global growth of the waterproofing membrane market.
- For instance, In 2020, BASF launched MasterSeal 730 UVS waterproofing membrane for integral sealing of below-grade structures.
Sika AG
Overview: Sika AG is a global specialty chemicals company that develops and produces products for bonding, sealing, reinforcing, damping and protecting the building and motor vehicle industries. The company's broad product portfolios are categorized into two segments: Construction Solutions and Industrial Solutions. The company serves several industries, including automotive, transportation, textiles, building components and consumables. Sika AG manufactures in over 300 factories with subsidiaries in 100 countries worldwide. The company has a worldwide network of over 200,000 distributors.
Product Portfolio: Sikaplan WP 1130-15 C: A 60 mil (1.5 mm) thick polyvinyl chloride-based sheet waterproofing membrane with an incorporated fiberglass mat carrier sheet for dimensional stability is called Sikaplan WP 1130-15 C. It can be used to waterproof below-grade buildings as well as vertical and horizontal foundation applications. Furthermore, the membrane has a yellow signal layer with a dark grey underside to make surface damage easier to observe.
Key Development
- In 2020, Sika AG announced further investment in waterproofing membrane manufacturing in Switzerland.
