The global waterproofing membranes market size is likely to reach USD 40.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. Growing advancement in infrastructure and construction activities coupled with a rise in demand for wastewater and water management is expected to drive the market.
Waterproofing Membranes Market Report Highlights
- The liquid applied membranes segment is expected to witness a CAGR of 7.3% over the forecast period, on account of its thermal-reflective properties for any exterior surface application
- The polyurethane liquid applied waterproofing membrane segment is expected to witness the fastest CAGR of 8.8% in terms of revenue during the forecast period, owing to seamless finish and easy and fast installation procedure
- The roofing application segment accounted for 2,281.1 million square meters in 2021, owing to its high exposure to changing climatic conditions and leakages across residential, commercial, and industrial buildings
- In Asia Pacific, the market is projected to witness the fastest CAGR of 7.8% in terms of revenue over the forecast period, owing to increasing investment in residential and commercial construction due to rapid industrialization and growing population
- The majority of the manufacturers have started emphasizing sustainable and corrosive protective raw materials for producing waterproofing membranes to increase their market presence. In addition, growing infrastructure in the developing markets of China, India, Brazil, and others are adding rapid growth to the construction sector, thereby adding growth prospects for the market
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Waterproofing membranes are made of waterproof plastic, rubber, or coated-fabric materials, and are used to prevent water leaks or damages & provide the best possible moisture protection to foundations, roofs, walls, basements, buildings, & structures. Demand is driven by economic development, increasing urbanization, and industrialization in emerging economies. Biomembranes are expected to witness a high adoption trend in the coming future owing to the increasing product demand in green-building construction. In addition, government support to replace old buildings with new ones is opening new growth avenues for the construction industry, which, in turn, is adding growth to the market.
The market is highly dependent upon the dynamic of the raw material supply chain. Although all types of products including cementitious, bituminous, polyurethane, and others are used for manufacturing waterproofing membranes, cementitious liquid applied membrane and bituminous sheet membranes are the most commonly used waterproofing membrane in the market. The industry exhibits several mature players controlling the significant market share. However, increasing competition from a large number of small and local manufacturers from the Asia Pacific is expected to increase the market competition. The market players put high stress on using sustainable raw materials to ensure an environmentally friendly image to their clients.
List of Key Players of Waterproofing Membranes Market
- BASF SE
- Kemper System America, Inc.
- GAF Materials Corporation
- Paul Bauder GmbH & Co. KG
- CICO Technologies Ltd.
- Fosroc Ltd.
- DuPont
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Waterproofing Membranes Market Segmentation
Grand View Research has segmented the global waterproofing membranes market on the basis of product, application, and region:
Product Outlook
- Liquid Applied Membranes
- Cementitious; Bituminous; Polyurethane; Acrylic; Other
- Sheet Membranes
- Bituminous; Polyvinyl Chloride (PVC); Ethylene Propylene Diene Monomer (EPDM); Other
Application Outlook
- Roofing
- Walls
- Building Structure
- Tunnel & Landfills
- Other
Regional Outlook
- North America
- S.; Canada; Mexico
- Europe
- Germany; U.K.
- Asia Pacific
- China; Japan
- Central & South America
- Brazil
- Middle East & Africa
Research Methodology
We employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. We utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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