Waterproofing Membranes Market Size, Share & Trends Analysis Report 2022-2030

 Waterproofing Membranes Industry Overview

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. 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.


Waterproofing Membranes Market Segmentation

Grand View Research has segmented the global waterproofing membranes market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Liquid Applied Membranes, and Sheet Membranes.

  • 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.
  • 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) membraneis 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.

 

Based on the Application Insights, the market is segmented into Roofing, Walls, Building Structure, Tunnel & Landfills, and Other.

  • 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 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.

 

Waterproofing Membranes Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & 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.

 

Order a free sample PDF of the Waterproofing Membranes Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

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Grand View Research, Inc.

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