Waterproofing Membranes Market Size, Share & Trends Report

Waterproofing Membranes Market Size, Share & Trends Analysis Report By Product (Liquid Applied Membranes, Sheet Membranes), By Application (Roofing, Building Structures), And Segment Forecasts, 2021 - 2028

  • Published Date: Mar, 2021
  • Base Year for Estimate: 2020
  • Report ID: 978-1-68038-470-3
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 145

Report Overview

The global waterproofing membranes market size was valued at USD 20.84 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The growing demand for waterproofing membranes from the waste and water management sector, coupled with the increasing development of water conservation infrastructure, is anticipated to positively impact the market growth. Waterproofing membranes find a wide array of usages, including wet rooms, roofs, water and sewage treatment plants, retaining walls, building foundations, 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.

Global waterproofing membrane market size, by product, 2017 – 2028 (USD Billion)

The U.S. is expected to be the largest market for waterproofing membranes in North America over the forecast period. Rapid industrialization on account of increasing construction projects and housing developments is expected to fuel the demand for sheet membranes in the region. Furthermore, growing consumer preference for increasing shelf life of paint jobs on buildings is expected to drive the sheet membranes market in the region.

Factors including low manufacturing cost and rising mining activities in various regions are likely to increase the utilization of the product in the forthcoming years. In addition, the growing trend of wastewater management is likely to augment the product demand over the forecast period.

Several regulations have been enforced on the production and use of waterproofing membranes. For instance, waterproofing membranes used for 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 a lack of expertise in the use of the right type of membrane for durable structures, such as basements, decks, and watercraft. This is expected to restrain the market growth during the forecast period. In addition, fluctuating raw material prices of polypropylene and bitumen obtained from crude oil restrict the market growth.

Product Insights

Liquid applied membranes led the market with a revenue share of 63.4% in 2020 owing to the growing awareness regarding 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 membranes during the fore coming period.

Polyurethane liquid applied membranes are expected to grow at the fastest rate of 9.5%, in terms of revenue, during the forecast period. It features uniform thickness making its utilization easy across various applications. These membranes are typically utilized in applications, such as waterproofing of roofs, wet rooms, water and sewage treatment plants, and stadium stands.

Bituminous liquid applied membranes are expected to grow at a significant rate over the projected period. This is attributed to their unique properties, such as high resistance to weathering, aging, and UV radiation, improved flow resistance at high temperatures, and the ability to increase the products’ viability in terms of flexibility at low temperatures.

Polyvinyl chloride (PVC) sheet membranes are likely to witness significant growth over the forecast period owing to their advantages, such as resistance to UV radiation and precipitation. In addition, the product’s ability to withstand heavy loads is expected to offer growth prospects to the market.

Application Insights

The roofing application segment led the market and accounted for more than 31.0% share of the global revenue in 2020. This is 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 roofing segment over the next seven years.

The building structures application segment is expected to expand at the fastest growth rate of 8.4%, in terms of revenue, over the forecast period. The growth is attributed due to its high application in building to improve the shelf life and protection at varying temperatures. In addition, increasing use of sheet membranes for flooring application in buildings is expected to offer growth prospects to the segment.

Global waterproofing membrane market share, by application, 2020 (%)

Landfills and tunnels are expected to witness significant 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 activities, leading to a rising amount of waste, is expected to drive the segment on a positive note.

The others application segment of waterproofing membranes includes wet rooms, kitchen floors, bathrooms, and areas surrounding the swimming pool. In addition, increasing awareness regarding benefits, such as long-term cost-effectiveness and risk mitigation, associated with the application of waterproofing membranes is expected to add positive growth to the segment.

Regional Insights

Asia Pacific dominated the market and accounted for over 32.0% share of the global revenue in 2020 owing 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 the domestic application for water requirement, thus adding growth to the market.

The market in North America is expected to grow at a significant rate over the forecast period owing to the rise in construction activities. In addition, rising investment in warehouse construction for the healthcare, retail, and automotive application industries requiring waterproofing solutions is having a positive impact on the industry growth.

The market in Europe is driven by product penetration in advanced countries, such as the U.K., Germany, and France. In addition, the increasing adoption trend of waste management and water conservation demanding liquid applied and sheet membranes in residential buildings is 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 significant growth from 2021 to 2028. In addition, investment in infrastructural projects by the government amounting to USD 6.4 billion in the year 2020 is expected to drive the commercial and industrial application segment requiring waterproofing solutions, in turn adding to the regional 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 & acquisitions, capacity expansion, and partnerships 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 businesses through a dedicated distribution network in order to differentiate themselves in the value chain from the competitors. Some prominent players in the global waterproofing membranes market include:

  • 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

Waterproofing Membranes Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 23.91 billion

Revenue forecast in 2028

USD 37.18 billion

Growth Rate

CAGR of 7.5% from 2021 to 2028 (Revenue-based)

Market demand in 2021

7,903.1 million square meters

Volume forecast in 2028

11,850.7 million square meters

Growth Rate

CAGR of 5.5% from 2021 to 2028 (Volume-based)

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in million square meters, revenue in USD million/billion, and CAGR from 2021 to 2028

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

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

Country scope

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

Key companies profiled

BASF SE; Kemper System America, Inc.; GAF Materials Corporation; Paul Bauder GmbH & Co. KG; CICO Technologies Ltd.; Fosroc Ltd.

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Segments Covered in the Report

This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. 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 - 2028)

    • Liquid Applied Membranes

      • Cementitious

      • Bituminous

      • Polyurethane

      • Acrylic

      • Others

    • Sheet Membranes

      • Bituminous

      • Polyvinyl Chloride (PVC)

      • Ethylene Propylene Diene Monomer (EPDM)

      • Others

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

    • Roofing

    • Walls

    • Building Structures

    • Landfills & Tunnels

    • Others

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

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