Global Waterproofing Membrane Market Growth 2024-2030
Waterproofing Membrane, valued at US$ 18.64 billion in 2023, is expected to reach US$ 26.01 billion by 2030, with a 4.9% CAGR attributed to increasing downstream demand.
According to Publisher’s latest study, the global Waterproofing Membrane market was valued at US$ 18640 million in 2023. With the growing demand in the downstream market, the Waterproofing Membrane is forecast to a readjusted size of US$ 26010 million by 2030 with a CAGR of 4.9% during the review period.
Market Overview
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The research report highlights the growth potential of the global Waterproofing Membrane market. Waterproofing Membrane is expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Waterproofing Membrane. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities the Waterproofing Membrane market presents.
Waterproofing is the combination of materials used to prevent water intrusion into the structural elements of a building or its finished spaces. Its main purpose is to resist hydrostatic pressure exerted by moisture in the liquid state. Waterproofing membranes are provided in the form of a coil. The most important step in the manufacturing process is impregnating asphalt waterproof materials or polymer water-proof materials onto the carcass. The materials are used in a system to prevent the ingress of water into foundations, roofs, walls, basements, buildings, and structures when properly installed. The term dampproofing is often confused with waterproofing, however, dampproofing is a system designed to resist the flow of moisture in a gaseous state i.e. water vapour.
Key Features:
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Sikandar Kesari
Research Analyst
The report on the Waterproofing Membrane market reflects various aspects and provides valuable insights into the industry.
Market Size and Growth: The research report provides an overview of the current size and growth of the Waterproofing Membrane market. It may include historical data, market segmentation by Type (e.g., Modified Bitumen Membrane, Synthetic Polymer Waterproofing Membrane), and regional breakdowns.
Market Drivers: The need for waterproofing membranes is fueled by several factors, including exponential population expansion, rapid urbanization, and an increase in the need for residential and commercial buildings. The demand for these membranes will be positively impacted by the government's increased investment in public and private infrastructure projects, including bridges, hospitals, schools, airports, power plants, and water treatment facilities. Additionally, in developing countries, population growth and different government initiatives aimed at providing housing for the Economically Weak Section will increase demand for residential spaces, which will increase product consumption. For example, under the Pradhan Mantri Awas Yojana (PMAY), the Union Housing and Metropolitan Affairs Ministry of India sanctioned the construction of nearly 168,000 dwellings in metropolitan areas in January 2021.
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Challenges- There are risks to human health and the environment when using waterproofing chemicals or membranes. When applied in spray form, waterproofing membranes might pose a risk to nearby workers as well as the user. These substances may contain fluorinated compounds, which can lead to lung damage, chemical pneumonitis, and other respiratory issues when they reach the respiratory system. Similarly, workers may be exposed to hazardous vapours when applying bitumen-based membranes. Prolonged exposure to these vapours can cause bronchitis or other health problems like nasal discomfort. Furthermore, those who have worked for longer periods have shown an increase in pharyngeal and nasal symptoms. Bitumen continues to hold a substantial market share among other waterproofing membranes, despite a move toward synthetic membranes. This indicates that a sizable portion of roofers, particularly those in developing nations, are at risk. Toxic fumes and volatile organic compounds (VOCs) are released into the atmosphere by waterproofing membranes that contain solvents, diluents, and other substances. However, these effects can be lessened by using respirators, safety gear, and environmentally friendly substitutes.
Future Outlook: Emphasis on Sustainable Solutions: The need for eco-friendly waterproofing membranes, recycled materials, and energy-efficient building envelope systems that support LEED (Leadership in Energy and Environmental Design) certification and building sustainability goals is being driven by the growing emphasis on sustainability, environmental stewardship, and green building practices.
Technological Progress: The waterproofing membrane market offers opportunities for cost-effective solutions, performance enhancement, and product innovation due to advancements in materials, formulations, and installation techniques. These include liquid-applied membranes, prefabricated systems, and self-adhering membranes.
Infrastructure Resilience and Climate Adaptation: To lessen the effects of extreme weather events, flooding, and sea level rise, investments in waterproofing solutions for critical infrastructure, transportation networks, and coastal protection projects are driven by the need for infrastructure resilience, climate change adaptation, and disaster risk reduction strategies.
Opportunities: There are a few drawbacks to waterproofing membranes, including their toxicity and VOC concentration. Manufacturers with little environmental effect, like Sika, Fosroc, and Tremco, provide and have invested in R&D solutions. A growing number of manufacturers are obtaining green certification for their products to employ them in environmentally friendly construction projects, such as green buildings and green roofs. Any building's roof structure that is entirely or partially covered with plants is known as a "green roof." Green roofs provide reduced energy expenses, mitigate the impact of the urban heat island effect, manage stormwater runoff, and eliminate airborne pollutants. Conversely, green buildings are those that are ecologically conscious and energy-efficient throughout their lifetime. For these types of building structures, waterproofing is crucial because it offers effective protection against weather and water runoff while also promoting energy efficiency. Green buildings are expanding rapidly in nations like the US and Germany because of laws governing building emissions and because of the advantages these structures offer.
Market Segmentation:
The Waterproofing Membrane market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
1. Segmentation by type
• Modified Bitumen Membrane
• Synthetic Polymer Waterproofing Membrane
2. Segmentation by application
• Roofing
• Walls
• Building Structures
• Landfills & Tunnels
• Others
Regional Insights: Asia Pacific held the highest share of the global waterproofing membrane market. Rapid industrialization and infrastructure development, particularly in China and India, are credited with the region's progress. Furthermore, as more people live in cities, there will be a greater demand for water treatment infrastructure, which will fuel market expansion. Because more construction projects are being undertaken, the market in America is expanding dramatically. The need for waterproofing membranes will rise in response to growing investments in the automotive, construction infrastructure, and healthcare sectors. The demand for the product is anticipated to expand in Europe because of an increase in the building of flats and residential buildings in developing nations like the Nordic and Baltic. Market expansion will be fueled by government initiatives to enhance water conservation and wastewater management in the area. Growth in the Latin American market would be aided by the rising investments made in infrastructure projects. The construction of infrastructure for water treatment and conservation in the Middle East and Africa will increase demand for waterproofing membranes. China is the largest Waterproofing Membrane market with about 36% market share. Europe is a follower, accounting for about 23% market share.
3. Americas
• United States
• Canada
• Mexico
• Brazil
4. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
5. Europe
• Germany
• France
• UK
• Italy
• Russia
6. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape -The key players are Soprema Group, Sika, Fosroc, GAF, Icopal Group, TehnoNICOL, Polyglass, Imperbit Membrane, General Membrane, Carlisle, Modern Waterproofing, ChovA, Bauder, ARDEX Group, Henkel Polybit, Renolit, Tegola Canadese, Index, Hansuk, Schluter-Systems, Protecto Wrap, Grace, Colas, Vetroasfalto, Tamko, Multiplan Yal?t?m, Oriental Yuhong, CKS, Hongyuan Waterproof, Tangshan Desheng etc. The top 3 companies occupied about 12% market share.
• Soprema Group
• Sika
• Fosroc
• GAF
• Icopal Group
• TehnoNICOL
• Polyglass
• Imperbit Membrane
• General Membrane
• Carlisle
• Modern Waterproofing
• ChovA
• Bauder
• ARDEX Group
• Henkel Polybit
• Renolit
• Tegola Canadese
• Index
• Hansuk
• Schluter-Systems
• Protecto Wrap
• Grace
• Colas
• Vetroasfalto
• Tamko
• Multiplan Yal?t?m
• Oriental Yuhong
• CKS
• Hongyuan Waterproof
• Tangshan Desheng
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Waterproofing Membrane Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Waterproofing Membrane by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Waterproofing Membrane by Country/Region, 2019, 2023 & 2030
2.2 Waterproofing Membrane Segment by Type
2.2.1 Modified Bitumen Membrane
2.2.2 Synthetic Polymer Waterproofing Membrane
2.3 Waterproofing Membrane Sales by Type
2.3.1 Global Waterproofing Membrane Sales Market Share by Type (2019-2024)
2.3.2 Global Waterproofing Membrane Revenue and Market Share by Type (2019-2024)
2.3.3 Global Waterproofing Membrane Sale Price by Type (2019-2024)
2.4 Waterproofing Membrane Segment by Application
2.4.1 Roofing
2.4.2 Walls
2.4.3 Building Structures
2.4.4 Landfills & Tunnels
2.4.5 Others
2.5 Waterproofing Membrane Sales by Application
2.5.1 Global Waterproofing Membrane Sale Market Share by Application (2019-2024)
2.5.2 Global Waterproofing Membrane Revenue and Market Share by Application (2019-2024)
2.5.3 Global Waterproofing Membrane Sale Price by Application (2019-2024)
3 Global Waterproofing Membrane by Company
3.1 Global Waterproofing Membrane Breakdown Data by Company
3.1.1 Global Waterproofing Membrane Annual Sales by Company (2019-2024)
3.1.2 Global Waterproofing Membrane Sales Market Share by Company (2019-2024)
3.2 Global Waterproofing Membrane Annual Revenue by Company (2019-2024)
3.2.1 Global Waterproofing Membrane Revenue by Company (2019-2024)
3.2.2 Global Waterproofing Membrane Revenue Market Share by Company (2019-2024)
3.3 Global Waterproofing Membrane Sale Price by Company
3.4 Key Manufacturers Waterproofing Membrane Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Waterproofing Membrane Product Location Distribution
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