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, 2020 - 2027

  • Published Date: Feb, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-470-3
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 87

Report Overview

The global waterproofing membranes market size was estimated at USD 23.21 billion in 2019 and is expected to register a CAGR of 8.5% over the forecast period. Growing demand for residential and commercial spaces coupled with increasing investments in the development of water conservation and wastewater treatment infrastructure is anticipated to positively impact the growth.

U.S. waterproofing membranes market size

Waterproofing membranes are used in a variety of applications, such as roofs, bathrooms, water, and sewage treatment plants, building foundation and retaining walls, stadiums, parking lots, bridge decks, water tanks, and tunnels. Growing consumer awareness pertaining to the superior performance of the product is expected to further propel the product demand.

The U.S. is one of the largest markets for waterproofing membranes owing to high adoption. The recovery of the U.S. construction sector coupled with the rise in the refurbishing and renovation projects is expected to drive the market growth. Furthermore, growing consumer preference for increasing the lifespan of buildings is expected to boost the product demand during the forecast period.

Waterproofing membranes are witnessing an increase in adoption in water and wastewater management systems on account of their properties such as flexibility, ease of application, and cost-effectiveness. In addition, the growth of the global waste and wastewater management market is projected to augment the product demand over the forecast period. Bio-based waterproofing membranes are manufactured from renewable sources and have the potential to serve as viable alternatives to their synthetic counterparts. The rising adoption of bio-based membranes is likely to open new avenues for the market in the forthcoming years.

Lack of awareness among contractors, regarding the use of the right type and quality of construction chemicals for durable structures, is likely to restrict the use of waterproof membranes in the construction industry. In addition, volatility in the principal raw material prices such as bitumen and polypropylene is expected to retrain the market growth over the forecast period.

Application Insights

Liquid applied membrane accounted for 62.9% of the waterproofing membrane market in terms of revenue in 2019. These membranes offer a distinct advantage over traditional waterproofing systems, particularly where seamless systems are desired, which is anticipated to provide a positive scope for market growth over the forecast period.

Polyurethane membranes have a uniform thickness leading to ease of application across industries. These membranes provide a monolithic application with no seams and therefore there are no weaknesses for cracks to form. As a result, the polyurethane liquid applied segment is expected to grow at the highest CAGR of 10.7% over the forecast period.

The bituminous membrane segment led the demand for the sheet membranes with a market share of 43.4% in terms of revenue in 2019. Bituminous Sheet membranes offer high tensile strength and durability compared to other membranes which are expected to have a positive impact on the market growth over the forecast period.

PVC sheet membranes accounted for a notable market share in 2019 and is expected to register notable gains over the forecast period. Various advantages of PVC membranes such as resistance to precipitation, UV radiation, and the ability to withstand heavy loads are anticipated to provide positive scope for product demand over the forecast period.

End-use Insights

The roofing end-use segment is estimated to account for the largest share in the waterproofing membranes market and is expected to grow at a CAGR of 8.7% over the forecast period. The segment growth can be attributed to a rise in residential housing construction activities in the Asia Pacific, propelled by rising population, rapid urbanization, and strong economic growth.

Sheet membranes are preferred over liquid applied membranes for roofing application, on account of its ability to cover gaps and cracks with higher effectiveness. In addition, high demand for membranes due to the high prevalence of moisture and water content over roofs is expected to drive the market growth over the forecast period.

Global waterproofing membranes market share

Building structures is expected to emerge as the fastest-growing end-use segment progressing at a CAGR of 9.4% over the forecast period. In addition, increasing focus on improving the shelf life of the building and protect the structure from varying temperatures is anticipated to positively impact the product demand.

Other end-use segments of the waterproofing membrane include usage in bathrooms, kitchen floors, wet rooms, and areas surrounding the swimming pool. This segment is expected to witness considerable growth over the forecast period, on account of increasing awareness about waterproofing membranes and its benefits, such as risk mitigation and long-term cost-effectiveness.

Regional Insights

North America region was the second-largest market for waterproofing membranes in 2019 and is expected to grow at a CAGR of 7.6% over the forecast period. The recovery of the construction industry in the U.S. coupled with the rise in construction activities in Canada and Mexico is expected to drive the market growth over the upcoming period.

Asia Pacific region is expected to be the fastest-growing region at a CAGR of 10.5% owing to the rapid industrialization coupled with growing infrastructural developments, especially in China and India. The growing population and urbanization in emerging economies are expected to increase construction activity, thereby propelling market growth.

Europe emerged as one of the largest markets for waterproofing membranes in 2019 on account of the high level of product penetration in the United Kingdom, Germany, and France. Growing focus on water conservation and waste management is anticipated to drive regional demand. Moreover, rising construction activities in Eastern Europe are further expected to boost the market.

The market in Brazil is expected to expand at a CAGR of 6.7 % over the forecast period. The resumption of a housing subsidies program named Minha Casa Minha Vida is expected to positively impact the product demand. Additionally, the government's decision to use its own land banks to develop housing projects further boosts the market.

Waterproofing Membranes Market Share Insights

The market is characterized by integration through the supply of raw material supply as well as the manufacturing of waterproofing membranes. Major companies are engaged in the manufacturing of raw materials including polymers and bitumen for waterproofing membranes. Integration across numerous stages of the value chain enables the market players to maintain continuous raw material supply as well as low production costs.

The key players in the market include Sika AG; Pidilite Industries Ltd.; BASF SE; Kemper System America, Inc.; GAF Materials Corporation; Paul Bauder GmbH & Co. KG; CICO Technologies Ltd.; and Fosroc Ltd. Major companies are focusing on establishing brands in order to differentiate themselves against their competitors. For instance, BASF SE markets its products under the brand name “MasterSeal”.

Report Scope



Base year for estimation


Actual estimates/Historical data

2016 - 2018

Forecast period

2020 - 2027

Market representation

Volume in Million Square Meters, Revenue in USD Million and CAGR from 2019 to 2027

Regional scope

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

Country scope

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

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global waterproofing membranes market report based on application, end-use, and region.

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

    • Liquid Applied Membranes

      • Cementitious

      • Bituminous

      • Polyurethane

      • Acrylic

      • Other

    • Sheet Membranes

      • Bituminous

      • Polyvinyl Chloride (PVC)

      • Ethylene Propylene Diene Monomer (EPDM)

      • Other

  • End-use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

    • Roofing

    • Walls

    • Building Structure

    • Tunnel & Landfills

    • Other

  • Region Outlook (Volume, Million Square Meters; Revenue, USD Million, 2016 - 2027)

    • North America

      • The U.S.

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

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