Waterproofing Membrane Market By Raw Material (Modified Bitumen, PVC, TPO, EPDM, HDPE, and LDPE), By Type (Cold Liquid-applied Membranes, Hot Liquid-applied Membranes, Fully Adhered Sheets, and Loose Laid Sheets), By Application (Roofing and Walls, Water and Waste Management, Building Structures, Tunnel Liners, and Bridges, and Highways) - Market Trends, Analysis, and Forecast till 2030

Waterproofing membrane market accounted for USD 31.2 Billion in 2020 and is estimated to be USD 63.71 Billion by 2030 and is anticipated to register a CAGR of 7.5%.

Waterproofing membrane may be a thin layer of water tight material applied continuously over a firm surface, in order that water doesn’t undergo the membrane. Waterproof membrane should have certain properties like strong, flexible, tear resistant, in order that it can stretch over the buildings and canopy the cracks. Waterproof membranes are of two types namely sheet based membranes and liquid applied membranes.

Increase within the advancement of housing industry has led to rise within the demand of waterproofing materials for its structural integrity. Dampness can cause various problems like corrosion of metals, efflorescence, crumbling and softening of plasters, and deterioration of electrical fittings. Dampness prevention is additionally done by the utilization of waterproofing materials, thereby driving the marketplace for waterproofing membrane during the forecast period.

Rising population and urbanization

Rapid urbanization in emerging economies and continued urbanization in advanced economies are the main drivers of waterproofing membrane market. An increase in infrastructure spending includes the creation of an enormous demand for personal and public sector infrastructural developments, like power stations, electricity grids, water system and treatment plants, roads, railways, airports, bridges, telecommunications networks, schools, and hospitals. The building & housing industry requires high-performance materials such as strong, lightweight, high-performance, durable, and versatile materials. The standard and performance of building materials needs to be extremely consistent; as a result, the demand for waterproofing membranes is increasing for infrastructural development. The rising population and urbanization result in growing the residential and commercial construction project.

The global waterproofing market is predicted to register substantial growth during the forecast period, attributed to extend in building & housing industry, improved quality of waterproofing, and increased demand in mining. Increasing governmental investments on infrastructure developments in majority of the developing countries, increasing waste & water management activities, low installation cost and labor requirements are the factors driving this market. The lightweight nature and superior properties also drive the market of waterproofing membrane.

Waterproofing membrane market is segmented based on raw material, type, application, and region.

On the basis of raw material, the global waterproofing membrane market is segmented into Modified Bitumen, PVC, TPO, EPDM, HDPE, and LDPE. Based on type, the target market is segmented into cold liquid-applied membranes, hot liquid-applied membranes, fully adhered sheets, and loose laid sheets. Based on application, the target market segmented into roofing and walls, water and waste management, building structures, tunnel liners, and bridges, and highways.

Regional Insights:

The global waterproofing membrane market accounted for US$ 31.2 billion in 2020 and is estimated to be US$ 63.71 billion by 2030 and is anticipated to register a CAGR of 7.5%. On region the global waterproofing membrane market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The waterproofing membranes market in APAC is projected to register the fastest substantial growth during the forecast period. The building structures market in APAC is driven by the growing housing industry, increased consumer spending and strong economic growth. However, North America region was the second-largest market for the waterproofing membranes and is expected to grow at a CAGR of 7.6% over the forecast period. The recovery of the construction industry in the U.S. coupled with the rise in construction activities in Canada and Mexico is expected to drive the market growth over the upcoming period

Waterproofing Membrane Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global waterproofing membrane market report based on raw material, type, application, and region.

Waterproofing Membrane Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the waterproofing membrane market includes Sika, BASF, Tremco, Soprema, Fosroc, GCP applied technologies, Mapei, Johns Manville, Carlisle Construction Company, and Renolit. For instance, In February 2019, Tremco has launched a new product under the brand name POWERply Endure Membranes. These membranes can be installed in a variety of hot and cold adhesives and form exceptionally durable, waterproof roofs when paired with POWERply Endure BIO Adhesive.

• Sika
• Tremco
• BASF
• Soprema
• GCP applied technologies
• Fosroc
• Mapei
• Carlisle Construction Company
• Johns Manville
• Renolit