Waterproofing Membranes Market Size, Share & Trends Report

Waterproofing Membranes Market Size, Share & Trends Analysis Report By Application (Liquid Applied [Cementitious, Bituminous], Sheet [PVC, EPDM]), By End Use (Roofing, Building Structure), And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: 978-1-68038-470-3
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 138

Industry Insights

The global waterproofing membranes market size stood at USD 21.50 billion in 2018 and is projected to expand at a CAGR of 8.3% over the forecast period. Rising demand for water and wastewater management coupled with growing building and construction activities and innovations in liquid membranes are expected to drive the growth.

Waterproofing membranes find a host of applications including roofs, wet rooms, water and sewage treatment plants, building foundation and retaining walls, balconies, stadium stands, parking areas, bridge decks, water tank linings, and tunnels. Growing consumer awareness regarding their advantages coupled with introduction of new materials such as geomembranes is expected to further propel the demand over the next seven years.

U.S. waterproofing membranes market

Waterproofing membranes are available in two forms, namely, liquid and sheet. Liquid applied membranes led the global market in 2018 owing to their high efficiency and low cost compared to sheet membranes. Sheet products are manufactured using materials such as TPO, bitumen, EPDM, and PVC; whereas liquid coatings are manufactured using bitumen, cementitious materials, acrylic, and polyurethane.

Factors including low manufacturing cost and cost-effectiveness coupled with rising mining activities in various regions is likely to increase utilization of the product in the forthcoming years. Companies such as Pidilite Industries, Sika AG, and Eastman Chemical Company are engaged in technological innovations including development of new waterproofing materials. These are anticipated to remain critical success factors for the market growth over the forecast period.

Fluctuations in the supply of raw materials as well as their prices is likely to hinder the growth of the waterproofing membranes market during the forecast period. Moreover, fluctuating raw material prices are likely to increase the overall production cost, thus creating a negative impact on growth.

Companies operating in the industry have integrated across various stages of the supply chain including raw material supply, manufacturing, and distribution. Major raw material and waterproofing material manufacturers include Pidilite, BASF, and Dow Chemicals among others.

Application Insights

Liquid applied membrane led with a market share of 62.6% in terms of revenue in 2018. Growing awareness regarding the advantages of the product including their cost-effectiveness coupled with increasing global infrastructural have been some of the factors driving the segment growth. Technological breakthrough in the areas of processing and cost-effective production of liquid products coupled with continuous R&D is likely to fuel the product utilization over the coming years. Additionally, several supportive government initiatives are likely to create new opportunities of growth.

Cementitious liquid applied membranes segment is anticipated to witness a CAGR of 8.0%, in terms of revenue, from 2019 to 2025. They find various applications due their low cost and comparatively easy availability of raw materials. Moreover, they provide high flexibility in terms of application and do not require sophisticated technology. This factor is expected to propel the demand further over the forecast period.

Polyurethane liquid applied membrane is projected to witness substantial growth over the forecast period. They feature uniform thickness thus making its utilization easy across various applications including waterproofing of roofs, stadium stands, bridges, building foundation and retaining walls, wet rooms, and water and sewage treatment plants.

Acrylic liquid applied membrane is expected to witness significant growth over the forecast period owing to their ability to provide resistance against heat, hail storms, and snow build up. Growing utilization to protect roofs from harsh climatic conditions is likely to further drive the demand.

Sheet membranes are anticipated to register a CAGR of 7.5%, in terms of revenue, from 2019 to 2025. Bitumen is one of the major materials utilized for product manufacturing. These products have superior elongation properties coupled with high-temperature resistance, which increases its efficiency in various applications. Sheets have a high cost and are difficult to apply on rough surfaces. These factors are likely to hinder the demand in the forthcoming years. Moreover, new developments in elastomeric coatings, including acrylic and polyurethane products are anticipated to restrain the growth to an extent.

Bituminous segment held the leading market share of 43% in terms of revenue in 2018. Bituminous sheet membranes offer high tensile strength and durability compared to other membranes which is expected to have a positive impact on the market growth over the forecast period.

EPDM sheet membranes segment is anticipated to register a CAGR of 6.3%, in terms of revenue over the forecast period.The ability of the product to resist thermal shock and hail damage is anticipated to provide positive scope for market growth over the forecast period.

End Use Insights

Roofing is the largest end use segment and is expected to witness a CAGR of 8.6%, in terms of revenue, from 2019 to 2025 owing roofs being highly prone to changing climatic conditions and leakages. Additionally, increasing focus on leakage protection coupled with increasing complexity in building design has led to a high demand for the product.

Global waterproofing membranes market

In 2018, building structures segment occupied 26.3% market share in terms of volume. Waterproofing membranes are applied to improve shelf life of the building and to protect the structure from varying temperatures. Liquid membranes offer high level of protection over the initial paint cost due to which they are largely preferred for building structures. Sheet membranes are primarily used on roofs, wet rooms, bathrooms and kitchen floors, so as to reduce the risk of accidents.

Regional Insights

Europe was the largest region with a revenue share of 36.5% in 2018. Rising concerns regarding water and waste management is anticipated to drive the regional demand. Moreover, increased construction spending in the Eastern European countries including Poland, Russia, and Turkey is further projected to fuel the demand.

Asia pacific is anticipated to be the fastest growing region in terms of revenue owing to the rapid industrialization coupled with growing infrastructural developments especially in China and India. Growing population and urbanization in emerging economies is expected to increase the construction activity, thereby propelling market growth.

Central and South America is expected to witness a CAGR of 6.9% from 2019 to 2025. Increasing government spending on infrastructure; growing disposable income of the middle class in key economies including Brazil, Argentina, and Colombia; increasing awareness regarding the benefits of liquid applied membranes; and easy maintenance are expected to fuel the regional demand over the forecast period.

MEA is expected to witness a CAGR of 6.7% over the forecast period. Infrastructure upgrades and reconstruction in Egypt and Libya are likely to act as a stimulus for the region. Additionally, improved funding by African government with availability of various financing options including domestic capital markets, Public Private Partnerships (PPPs), and private investment funds is expected to propel the construction industry, thereby augmenting the market growth.

Waterproofing Membranes Market Share Insights

Major players involved in manufacturing and distribution include SIKA AG; Pidilite Industries Ltd.; BASF SE; DOW Chemical Company; DuPont; Kemper System America, Inc.; GAF Materials Corporation; Paul Bauder GmbH & Co. KG; CICO Technologies Ltd.; and Fosroc Ltd.

The market is fragmented in nature due to the presence of global as well as regional companies. Regional, small-scale producers have strong hold in their regional or domestic market; many of which are present in India and China. Mergers and Acquisitions as well as business expansions are some of the key strategies adopted by these companies.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, Volume in Million Square Meters, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, Japan, Brazil

Report coverage

Revenue & volume forecast, competitive landscape, growth factors, and trends

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Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global waterproofing membranes market report on the basis of application, end use, and region:

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2015 - 2025)

    • Liquid Applied Membranes

      • Cementitious

      • Bituminous

      • Polyurethane

      • Acrylic

      • Others

    • Sheet Membranes

      • Bituminous

      • PVC

      • EPDM

      • Other

  • End Use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2015 - 2025)

    • Roofing

    • Walls

    • Building Structure

    • Tunnels & Landfills

    • Others

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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