Waterproofing Membranes Market Size, Share & Trends Analysis Report By Product ((Liquid Applied), Sheet (PVC, EPDM)), By Application (Roofing, Building), By Raw Material, By Construction, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the waterproofing membranes market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for waterproofing membranes market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of waterproofing membranes market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Waterproofing Membranes Market Categorization:

The waterproofing membranes market was categorized into three segments, namely product (Liquid Applied Membranes, Sheet Membranes), application (Roofing, Walls, Building Structure, Tunnel & Landfills), regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The waterproofing membranes market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The waterproofing membranes market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eight countries, namely, the U.S.; Canada; Mexico; Germany; the UK; China; Japan; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Waterproofing membranes market companies & financials:

The waterproofing membranes market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Sika AG - Established in 1910, Sika AG, a specialty chemical manufacturing company, is based in Baar, Switzerland. The company specializes in the production and supply of products used for sealing, bonding, reinforcing, damping, and protecting concrete structures and motor vehicles. As of December 2020, it had a global workforce of 24,848 employees. The business model of the Sika Group includes the manufacture and distribution of waterproofing membrane systems, made of either TPO or PVC sheets. These systems are used in various structures like tunnels, concrete buildings, water storage tanks, balconies, wet rooms, and swimming pools. In 2009, Sika AG acquired Lotech Group, a company based in England with subsidiaries in the UK, the U.S., and Belgium. Lotech specializes in the production and formulation of polyurethane liquid membranes and intermediates, primarily supplied to the refurbishment market for small to medium-sized roofs. This acquisition allowed Sika to expand its technology and establish a market position in polyurethane membranes for roofing applications. Besides liquid membranes, Lotech also formulates, produces, and supplies hygienic wall coatings for various applications.

• Pidilite Industries Ltd. - Pidilite Industries Limited, founded in 1959 and based in Mumbai, India, manufactures and distributes consumer and specialty chemicals. Its product range includes adhesives & sealants, automotive chemicals, construction & paint chemicals, art materials, industrial & textile resins, industrial adhesives, and organic pigments & preparations. Its brand, Dr. Fixit, offers waterproofing membranes used predominantly in construction projects.

• BASF SE - BASF SE, a company that manufactures and distributes chemicals for a variety of applications, was founded in 1865 and is based in Ludwigshafen, Germany. With 390 production sites spread across Europe, Asia, North America, Latin America, Africa, and Australia, it produces industrial chemicals for seven different business segments, serving a broad consumer base. The business segments of the company include chemicals, performance products, plastics, functional materials & solutions, biotechnology, oil & gas exploration, and agricultural solutions. Under its functional materials and solutions category, specifically the construction chemical department, BASF SE manufactures a waterproofing membrane system marketed as MasterSeal 6100 FX. In 2018, the company had over 110,302 employees. Through its subsidiary, BASF Polyurethane, the company manufactures polyurethane for various applications. Its comprehensive polyurethane portfolio includes polyols, polyether, TDI, MDI, and specialty elastomers.

• Paul Bauder GmbH & Co. KG - Paul Bauder GmbH & Co. KG, founded in 1857 and based in Stuttgart, Germany, manufactures rooftop waterproofing systems. It has additional manufacturing and distribution facilities in Achim, Bernsdorf, Bochum, Landsberg/Halle, and Schwepnitz, and subsidiaries in 13 European countries. Its product portfolio includes reinforced bitumen membrane systems, single-ply systems, structural waterproofing, and cold liquid applied systems.

• Kemper System America, Inc. - Founded in 1990 and based in New York, U.S., Kemper System America, Inc. specializes in the production of waterproofing, roofing, and surfacing systems. These systems are widely used in various applications such as plazas, new and existing roofs, green roofs, fountains, planters, metal roofs, flashings, gutter-ways, balconies, terraces, industrial and interior applications, and below-grade waterproofing. The company’s extensive product range includes Kemperol 2K-PUR, Kemperol V210, Kemperol BR/BRM, Kemperol AC, Kemperol 022, Kemperdur TC, and COELAN Systems. Kemper System America, Inc. operates as a subsidiary of Kemper System GmbH & Co. KG, which is part of the IBG Group located in Cologne, Germany.

• DuPont de Nemours, Inc. - In April 2019, DuPont de Nemours, Inc. was formed following its separation from DowDuPont, Inc. The split resulted in three distinct entities focusing on specialty products (DuPont), material sciences (Dow, Inc.), and agricultural businesses (Corteva, Inc.). Headquartered in Wilmington, Delaware, U.S., DuPont operates four business segments. The Electronics & Imaging segment provides solutions for industries such as circuit board, semiconductor, display, and digital, industrial, and flexographic printing, with brands like Cyrel, Kapton, and IKONIC. The Transportation & Advanced Polymers segment offers engineering resins, lubricants, and adhesives for various applications including automotive, aerospace, and medical devices. The Nutrition & Biosciences segment primarily serves the beverage, food, pharmaceutical, and dietary supplements industries with products like ingredients, stabilizers, and probiotics. Lastly, the Safety & Construction segment offers a variety of products including high-performance foams, fibers, non-woven structures, aramid papers, and protective garments, waterproofing membranes, operating under major brands like Nomex, Kevlar, Tyvek, Corian, and Styrofoam.

• GAF Materials Corporation - Founded in 1886, GAF Materials Corporation, with its headquarters in New Jersey, U.S., specializes in the production of roofing systems for both commercial and residential use. The company boasts a workforce of over 3,000 employees, operating out of its manufacturing and sales facilities located in Florida, California, North Carolina, Illinois, Texas, and Pennsylvania. The company’s business model is comprehensive, offering solutions in various areas of roofing such as single-ply roofing, liquid applied roofing, modified bitumen roofing, built-up roofing (BUR), and specialty roofing. A key focus for GAF Materials Corporation is the expansion of its business in the manufacturing of PVC & TPO single-ply roofing systems, and ISO insulation materials. This focus underscores the company’s commitment to innovation and quality in the roofing industry.

• Johns Manville - Johns Manville, founded in 1858 and based in Colorado, U.S., is a leading manufacturer and marketer of high-quality building insulation, mechanical insulation, commercial roofing, roof insulation, and fibers and nonwovens. These products cater to commercial, industrial, and residential applications. The company serves a diverse range of markets, including aerospace, automotive/transportation, appliance, commercial/residential construction, HVAC, pipe and equipment, filtration, waterproofing, building, flooring, interiors, and wind energy. Johns Manville operates 45 manufacturing facilities across the U.S., Canada, Germany, Slovakia, and China, employing over 8,000 people. As of 2020, its products are marketed in more than 85 countries. Johns Manville’s business is structured into three strategic units: Engineered Products, Insulation Systems, and Roofing Systems. The Engineered Products division supplies glass fibers and nonwovens used in various markets, including building and construction, roofing, commercial interiors, automotive, filtration, and energy storage. Its clientele includes manufacturers of roofing and flooring products, automotive batteries, and filters, as well as plastic compounders seeking innovative materials with a low environmental impact over their lifecycle.

• Fosroc International Ltd. - Founded in 1972 and based in Staffordshire, UK, Fosroc International Ltd. boasts a diverse portfolio of products used in the construction of buildings, airports, roads, railways, marine structures, power plants, oil & gas facilities, cement plants, chemical processes, and concrete structures. The company is also committed to providing solutions for a variety of needs such as adhesives, admixtures, cement additives, concrete repair, grouts & anchors, industrial flooring, joint sealants, protective coatings, and waterproofing. In the industry of waterproofing solutions, Fosroc has introduced a range of innovative products. These include Proofex Engage, Proofex PGP/Alkorplan, Proofex 3000/ GP/12/3000MR, the Nitoproof range, Proofex Torchseal, Proofex Sheetdrain/Cavitydrain, Proofex OGP/ORG/OFB, Polyurea WPE, and Nitoproof 800/600PF. All these products are equipped with advanced membrane systems, demonstrating the company’s commitment to innovation and quality in its offerings.

• CICO Group - Founded in 1930, CICO Group is a New Delhi-based company that specializes in the provision of construction solutions and products. The company’s offerings encompass a wide range of products, including water sealers, waterproofers, construction aids, concrete admixtures, protective coatings, industrial flooring, concrete products, grouting compounds, repair compounds, sealants, waterproof coatings, and anchoring/bolting capsules. CICO Group is particularly known for two of its products: CICO Shield and CICO CORCHEM 206 I. The company’s reach extends beyond India, with a strong presence in South Asia, including countries like Bangladesh, Nepal, and Sri Lanka. CICO Group’s product portfolio is extensive, boasting approximately 86 distinct products. The company’s global distribution network is robust, with around 163 distributors spread across the world. This extensive network allows CICO Group to effectively cater to the diverse needs of its customers, providing them with high-quality construction solutions and products.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Waterproofing Membranes Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Waterproofing Membranes Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.