Waterproofing Membranes Market Size, Share & Trends Analysis Report By Product (Liquid Applied, Sheet (PVC, EPDM)), By Application (Roofing, Building Structure), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global waterproofing membranes market size was estimated at USD 22.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. Growing demand from the waste and water management sector coupled with the increasing development in water conservation infrastructure is anticipated to positively impact market growth. Waterproofing membranes find a wide array of usage including wet rooms, roofs, water, sewage treatment plants, retaining walls, building foundation, and tunnels. Rising consumer consciousness regarding the product advantages along with the adoption of new materials such as geomembranes is expected to further propel the product demand over the projected time.

The U.S. is expected to be the largest market for waterproofing membranes in North America. Rapid industrialization on account of increasing construction projects and housing developments are expected to fuel the demand for sheet membrane in the region. Furthermore, growing consumer preference towards increasing shelf life of paint jobs on buildings is expected to drive the sheet membrane market in the region. Factors including low manufacturing costs coupled with rising mining activities in various regions are likely to increase the utilization of the product in the forthcoming years. In addition, the increasing trend of the wastewater management market is likely to augment the product demand over the forecast period.

Several regulations have been enforced for the production and use of waterproofing membranes. For instance, use for various applications, including designing and installing membranes, and flashings located in kitchens, bathrooms, and laundries located in residential buildings should be made and tested as per AS/NZS 4858:2004, wet area membranes. However, the market is subjected to the lack of experts regarding the use of the right type of membrane for durable structures such as basements, decks, watercraft, and others. This is expected to act as a restraint for the market for waterproofing membranes during the forecast period. In addition, fluctuating raw materials prices of polypropylene and bitumen obtained from crude oil further restrict the market growth.

Product Insights

 The liquid applied membrane product segment led the market for waterproofing membranes and accounted for the largest revenue share of more than 63.0% in 2021. The growth can be attributed to the growing awareness towards the advantages of the product such as cost-effectiveness and ease of installation. In addition, increasing global infrastructural in terms of water conservation and treatment is expected to rise the demand for the liquid applied membrane during the fore coming period. Polyurethane liquid applied membrane is expected to grow at a significant rate of 8.8% in terms of revenue during the forecast period. It features uniform thickness making its utilization easy across various applications. These membranes are typically utilized for applications such as waterproofing of roofs, wet rooms, water and sewage treatment plants, stadium stands, and others.

Demand for the bituminous liquid membrane is expected to witness a CAGR of 6.6% in terms of volume over the projected period, owing to its unique properties such as high resistance to weathering and aging. It increases the product viability in terms of flexibility at low temperatures, high UV resistance properties, and improved flow resistance at high temperatures. Polyvinyl Chloride (PVC) membrane is expected to achieve a notable market share in 2022 and is likely to register a prominent share over the forecast period owing to the product advantages such as resistance to UV radiation and precipitation. In addition, the product’s ability to withstand heavy loads is expected to add growth prospects to the market.

Application Insights

 The roofing application segment led the market for waterproofing membranes and accounted for the largest revenue share of more than 31.0% in 2021. The growth can be attributed to its rising application in the Asia Pacific region for residential housing construction. In addition, demand for sheet membranes for roofs due to high exposure to rainwater and environmental moisture is expected to drive the market for the roofing segment over the next seven years. The building structure is expected to witness a growth rate of 7.6% in terms of revenue over the forecasted period which can be attributed due to its high application in building to improve the shelf life and protection at varying temperatures. In addition, increasing use of sheet membrane products for flooring application in buildings is further expected to add growth prospects to the market.

The landfill and tunnels segment accounted for USD 1.2 billion in 2021 and is expected to witness substantial growth during the forecast period owing to the rise in demand for cleaning methods in the tunnels. The rising demand for waterproofing membranes in developing countries on account of increasing industrial activity, which, in turn, leads to a rising amount of waste is expected to drive the market for waterproofing membranes on a positive note. Other application segments of the waterproofing membrane include usage in wet rooms, kitchen floors, bathrooms, and areas surrounding the swimming pool. In addition, increasing awareness such as long-term cost-effectiveness and risk mitigation by applying waterproofing membrane is further expected to add positive growth to the market.

Regional Insights

 Asia Pacific led the waterproofing membranes market and accounted for the largest revenue share of more than 31.0% in 2021. The growth can be attributed to the growing infrastructural developments and rapid industrialization, especially in China and India. In addition, the trend will increase the congestion in the city which in turn will increase the demand for utilities in a domestic application for water requirement, thus adding growth to the market. In North America, the market for waterproofing membranes was valued at USD 5.0 billion in 2021 and is expected to grow at a significant rate over the forecast period, which can be attributed to the rise in construction activities in Mexico and Canada. In addition, rising investment in warehouse construction for the healthcare, retail, and automotive application industry requiring waterproofing solutions is having a positive impact on industry growth.

The product demand in Europe is dominated by product penetration in advanced countries such as the U.K., Germany, France, and others. In addition, the increasing adoption of waste management and water conservation demanding liquid applied and sheet membranes products in residential and buildings is further expected to increase the product demand in the region over the forecast period. The demand for waterproofing membranes in Central and South America is likely to witness a CAGR of 6.3% in terms of volume from 2022 to 2030. In addition, investment in infrastructural projects by the various regional governments are expected to boost the commercial and industrial application segment requiring waterproofing solution, thereby, adding to market growth.

Key Companies & Market Share Insights

The market has been characterized by integration through raw material procurement and waterproofing membrane manufacturing. The companies through mergers and acquisitions, capacity expansion, partnerships, and others are trying to increase their sales to facilitate the respective market across the globe. A large set of companies are involved in waterproofing membrane manufacturing which makes the market highly competitive. Major companies operate their business through a dedicated distribution network in order to differentiate themselves in the value chain and against the competitors. Some of the prominent players in the waterproofing membranes market include:

• BASF SE

• Kemper System America, Inc.

•  Paul Bauder GmbH & Co. KG

• CICO Technologies Ltd.

• Fosroc Ltd

• GAF Materials Corporation

• Alchimica Building Chemicals

• Maris Polymers

• Isomat S.A.

 Waterproofing Membranes Market Report Scope

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 in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global waterproofing membranes market report on the basis of product, application, and region:

• Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

  • Liquid Applied Membranes

    • Cementitious

    • Bituminous

    • Polyurethane

    • Acrylic

    • Other

  • Sheet Membranes

    • Bituminous

    • Polyvinyl Chloride (PVC)

    • Ethylene Propylene Diene Monomer (EPDM)

    • Other

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

  • Roofing

  • Walls

  • Building Structure

  • Tunnel & Landfills

  • Other

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazi

  • Middle East & Africa