The global waterproofing membranes market size is expected to reach USD 40.15 billion by 2030, registering a CAGR of 8.5% during the forecast period, according to a new report by Grand View Research, Inc. Growing advancement in infrastructure and construction activities coupled with a rise in demand for wastewater and water management is expected to drive the market. Biomembranes are expected to witness a high adoption trend in the coming future owing to the increasing product demand in green-building construction. In addition, government support to replace old buildings with new ones is opening new growth avenues for the construction industry, which, in turn, is adding growth to the market.
The market is highly dependent upon the dynamic of the raw material supply chain. Although all types of products including cementitious, bituminous, polyurethane, and others are used for manufacturing waterproofing membranes, cementitious liquid applied membrane and bituminous sheet membranes are the most commonly used waterproofing membrane in the market. The industry exhibits several mature players controlling the significant market share. However, increasing competition from a large number of small and local manufacturers from Asia Pacific is expected to increase the market competition. The market players put high stress on using sustainable raw materials to ensure an environmentally friendly image to their clients.
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Waterproofing Membranes Market Report Highlights
The liquid applied membrane product segment led the market and accounted for more than 64.1% share of the global revenue in 2023, on account of its thermal-reflective properties for any exterior surface application
The polyurethane liquid applied waterproofing membrane segment is expected to witness the fastest CAGR of 10.8% in terms of revenue during the forecast period, owing to seamless finish and easy and fast installation procedure
The roofing application segment held the largest revenue share of 37.9% in 2023., owing to its high exposure to changing climatic conditions and leakages across residential, commercial, and industrial buildings
Asia Pacific accounted for the largest revenue share of 32.3% in 2023., owing to increasing investment in residential and commercial construction due to rapid industrialization and growing population
The majority of the manufacturers have started emphasizing sustainable and corrosive protective raw materials for producing waterproofing membranes to increase their market presence. In addition, growing infrastructure in the developing markets of China, India, Brazil, and others are adding rapid growth to the construction sector, thereby adding growth prospects for the market.
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Waterproofing Membranes Market Segmentation
Grand View Research has segmented the global waterproofing membrane market on the basis of raw material, product, application, construction, and region:
Waterproofing Membranes Raw Material Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
Modified Bitumen
SBS
APP
PVC
EPDM
TPO
Acrylic
Polyurea
Polyurethane
PMMA
EVA
PE
HDPE
LDPE
Waterproofing Membranes Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
Liquid Applied Membranes
Cementitious
Bituminous
Polyurethane
Acrylic
PMMA
Elastomeric
Sheet Membranes
Bituminous
Polyvinyl Chloride (PVC)
Ethylene Propylene Diene Monomer (EPDM)
Other
Waterproofing Membranes Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
Roofing
Walls
Building Structure
Commercial
Residential
Tunnel Landfills
Other
Waterproofing Membranes Construction Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
New Construction
Refurbishment
Waterproofing Membranes Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Russia
Spain
Netherlands
Asia Pacific
China
India
Japan
South Korea
Australia
Singapore
Philippines
Malaysia
Indonesia
Vietnam
Thailand
Central South America
Brazil
Argentina
Chile
Middle East Africa
Saudi Arabia
UAE
Kuwait
Qatar
South Africa
List of Key Players in the Waterproofing 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
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
