Global Waterproofing Membrane Market

Global Waterproofing Membrane Market (by Product, Application, Raw Material, Usage & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2026)


Market Insight:

A waterproofing membrane is a thin waterproofing layer applied to the surface. It is a continuous coating that prevents water from passing through.

Waterproofing membranes avoid a variety of construction industry issues such as electrical fitting degradation, plaster softening and cracking, and metal corrosion. Waterproofing membranes, when applied to walls, prevent water entry and subsequent structural damage, safeguarding basement walls and floors, balconies, terraces, and even swimming pools from water and humidity. The global waterproofing membrane market is expected to reach US$33.18 billion in 2023, growing at a CAGR of 6.50% during the forecast period.

Segment Covered:
  • By Product: The market report has segmented the global waterproofing membrane market into two segments in terms of product: Liquid Applied Membrane and Sheet Membrane. The liquid applied membrane segment lead the waterproofing membrane market, accounting for maximum share of the market. The liquid applied membrane segment is expected to experience high growth owing to the growing awareness of the advantages of the product such as cost-effectiveness and ease of installation. Moreover, manufacturers are focusing to introduce new solutions in the market which would further contribute to the market growth.
  • By Application: The report splits the global market into six segments on the basis of application, namely Building Structures, Roofing, Roadways, Waste & Water Management, Walls, and Others. Building structures hold the dominant share in the market. The growth can be attributed due to the high application of waterproofing membranes in buildings to improve the shelf life and protection at varying temperatures.
  • By Raw Material: According to report, the market has been segmented into six segments on the basis of construction type: PVC, HDPE, EPDM, TPO, Modified Bitumen, and Others. Modified bitumen segment is expected to grow at a CAGR of 6.8% in the coming years 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.
  • By Usage: The report provides the segmentation of global waterproofing membrane market based on usage: New Construction and Refurbishment. The refurbishment market is anticipated to grow at a high CAGR during the forecasted period. The increase in refurbishment activities in developed economies such as the US and countries in Europe are the major drivers of the waterproofing membrane market. Rising disposable income, easy availability of loans, and increased affordability have led homeowners to spend more on refurbishment and renovation projects.
Geographic Coverage:

According to this report, the global waterproofing membrane market is divided into four regions: Asia Pacific, North America, Europe, and the Rest of the World. The countries covered in Asia Pacific region include China, Japan, India, Australia, South Korea, and the Rest of the Asia Pacific, while North America includes the US, Canada, and Mexico. Moreover, UK, Germany, France, Italy, Spain, and the Rest of Europe are included in the European region.

The Asia Pacific dominated the market with largest share of the global market. The region is anticipated to lead the global waterproofing membrane market during the forecast period owing to the growing infrastructural developments and rapid industrialization, especially in China and India. The US market is divided based on product: Liquid Applied Membrane and Sheet Membrane. The liquid applied membrane is expected to grow at the highest CAGR, owing to the increase in the number of housing projects, growing underground water construction requirements, and rising infrastructural developments in the US.

Top Impacting Factors:

Growth Drivers
  • Growing Construction Industry
  • Increasing Disposable Income
  • Supportive Government Initiatives
  • Rising Demand for Residential Spaces
Challenges
  • Fluctuating Raw Material Prices
  • Potential Health and Environmental Issues
Trends
  • Increasing Housing Age
  • Growing Demand For Green Roofing & Green Building
  • Driver: Growing Construction Industry
Construction is a high-risk industry that includes a wide range of activities, from infrastructure development to renovation including residential construction, bridge construction, road paving, etc. One of the most important applications in a construction is waterproofing. Waterproofing improves the durability of many different surfaces in construction. In addition, waterproofing materials should be applied in order to ensure the comfort of the house or office to be used after the construction is finished. The increase in the construction activities is creating demand for waterproofing solutions. This trend is expected to continue in the near future and would contribute to the lucrative growth prospects for the global waterproofing membrane market.
  • Challenge: Fluctuating Raw Material Prices
The cost of raw materials for manufacturing building materials impacts the prices of the building materials. The rising raw materials costs along with other factors such as oil, gas, and energy are the key causes of increases in the prices of the waterproofing membrane. The raw materials used for manufacturing waterproofing membranes are extracted primarily from crude oil. Waterproofing membranes based on PVC, PU, acrylic, and bitumen are all derived from petroleum sources. Due to the fluctuating crude oil prices, the prices of raw materials of waterproofing membranes are also affected. Therefore, increasing raw material prices are expected to hamper the growth of the waterproofing membrane market.
  • Trend: Increasing Housing Age
The aging housing stock signals a growing remodeling market, as old structures normally need to add new amenities, or repair/replace old components. Older houses are less energy-efficient than new construction and ultimately would require remodeling and renovation in the future. With the housing stock aging around the world, demand for new construction is set to pick up in the long-term and the remolding market could also receive a boost as older buildings often require retrofits. As the age of housing increases, so would the demand for waterproofing membrane products. An increase in renovation activities for existing buildings is estimated to boost the demand for waterproofing membrane materials during the forecast period.

The COVID-19 Analysis:

The waterproofing membrane market growth was negatively affected by the COVID-19 pandemic in early 2020, as lockdowns, social distancing measures, and trade sanctions have triggered massive disruptions to global supply chain networks. A major challenge that the waterproofing membrane market faced during the initial period of the COVID-19 outbreak was the low availability of the workforce and rising labor costs. After a period of contraction in demand, waterproofing membrane demand would be supported by an increase in housing starts and the efforts of building owners to repair or replace the nation’s large stock of structures with older or worn structures, thus resulting in a positive growth outlook. Also, virtual communications with homeowners have been growing in popularity, as have touch-free orders, pickups, and deliveries.

Analysis of Key Players:

The global waterproofing membrane market is highly fragmented, with many players holding trivial market share. The key players of the global waterproofing membrane market are:
  • BASF SE
  • Sika AG
  • Dow Inc. (The Dow Chemical Company)
  • Berkshire Hathaway, Inc. (Johns Manville)
  • Carlisle Companies Incorporated
  • RPM International Inc. (Tremco Incorporated)
  • GCP Applied Technologies, Inc.
  • Forsoc, Inc.
  • Standard Industries (BMI Group)
  • Soprema Group
Some of the strategies among key players in the market for waterproofing membrane market are partnerships, mergers, acquisitions, and collaborations. For Instance, in 2022, BMI Group acquired Spanish company Asfaltos ChovA, a specialist in efficient flat building solutions for waterproofing and thermal and acoustic insulation. Moreover, Carlisle Construction Materials would produce the commercial roofing industry’s first 16-foot-wide TPO membranes. In addition to this, in 2021, Forsoc, Inc. introduced a product called Polyurea WH 100, which hand-applied application makes the installation of a wide range of roof waterproofing applications easy.


1. Executive Summary
2. Introduction
2.1 Waterproofing Membrane: An Overview
2.1.1 Introduction to Waterproofing Membrane
2.1.2 Benefits of Waterproofing Membrane
Table 1: Benefits of Waterproofing Membrane
2.2 Waterproofing Membrane Segmentation: An Overview
2.2.1 Waterproofing Membrane Segmentation
Table 2: Waterproofing Membrane Segmentation
3. Global Market Analysis
3.1 Global Waterproofing Membrane Market: An Analysis
3.1.1 Global Waterproofing Membrane Market by Value
Table 3: Global Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 4: Global Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.1.2 Global Waterproofing Membrane Market by Product (Liquid Applied Membrane and Sheet Membrane)
Table 5: Global Waterproofing Membrane Market by Product; 2021 (Percentage, %)
3.1.3 Global Waterproofing Membrane Market by Application (Building Structures, Roofing, Roadways, Waste & Water Management, Walls, and Others)
Table 6: Global Waterproofing Membrane Market by Application; 2021 (Percentage, %)
3.1.4 Global Waterproofing Membrane Market by Raw Material (PVC, HDPE, EPDM, TPO, Modified Bitumen, and Others)
Table 7: Global Waterproofing Membrane Market by Raw Material; 2021 (Percentage, %)
3.1.5 Global Waterproofing Membrane Market by Usage (New Construction and
Refurbishment)
Table 8: Global Waterproofing Membrane Market by Usage; 2021 (Percentage, %)
3.1.6 Global Waterproofing Membrane Market by Region (Asia Pacific, North America, Europe, and the Rest of the World)
Table 9: Global Waterproofing Membrane Market by Region; 2021 (Percentage, %)
3.2 Global Waterproofing Membrane Market: Product Analysis
3.2.1 Global Liquid Applied Membrane Market by Value
Table 10: Global Liquid Applied Membrane Market by Value; 2017-2021 (US$ Billion)
Table 11: Global Liquid Applied Membrane Market by Value; 2022-2026 (US$ Billion)
3.2.2 Global Sheet Membrane Market by Value
Table 12: Global Sheet Membrane Market by Value; 2017-2021 (US$ Billion)
Table 13: Global Sheet Membrane Market by Value; 2022-2026 (US$ Billion)
3.3 Global Waterproofing Membrane Market: Application Analysis
3.3.1 Global Building Structures Waterproofing Membrane Market by Value
Table 14: Global Building Structures Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 15: Global Building Structures Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.3.2 Global Roofing Waterproofing Membrane Market by Value
Table 16: Global Roofing Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 17: Global Roofing Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.3.3 Global Roadways Waterproofing Membrane Market by Value
Table 18: Global Roadways Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 19: Global Roadways Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.3.4 Global Waste & Water Management Waterproofing Membrane Market by Value
Table 20: Global Waste & Water Management Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 21: Global Waste & Water Management Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.3.5 Global Walls Waterproofing Membrane Market by Value
Table 22: Global Walls Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 23: Global Walls Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.3.6 Global Others Waterproofing Membrane Market by Value
Table 24: Global Others Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 25: Global Others Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.4 Global Waterproofing Membrane Market: Raw Material Analysis
3.4.1 Global PVC Waterproofing Membrane Market by Value
Table 26: Global PVC Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 27: Global PVC Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.4.2 Global HDPE Waterproofing Membrane Market by Value
Table 28: Global HDPE Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 29: Global HDPE Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.4.3 Global EPDM Waterproofing Membrane Market by Value
Table 30: Global EPDM Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 31: Global EPDM Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.4.4 Global TPO Waterproofing Membrane Market by Value
Table 32: Global TPO Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 33: Global TPO Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.4.5 Global Modified Bitumen Waterproofing Membrane Market by Value
Table 34: Global Modified Bitumen Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 35: Global Modified Bitumen Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.4.6 Global Other Waterproofing Membrane Market by Value
Table 36: Global Other Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 37: Global Other Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.5 Global Waterproofing Membrane Market: Usage Analysis
3.5.1 Global New Construction Waterproofing Membrane Market by Value
Table 38: Global New Construction Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 39: Global New Construction Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
3.5.2 Global Refurbishment Waterproofing Membrane Market by Value
Table 40: Global Refurbishment Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 41: Global Refurbishment Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4. Regional Market Analysis
4.1 Asia Pacific Waterproofing Membrane Market: An Analysis
4.1.1 Asia Pacific Waterproofing Membrane Market by Value
Table 42: Asia Pacific Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 43: Asia Pacific Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.1.2 Asia Pacific Waterproofing Membrane Market by Region (China, Japan, India, Australia, South Korea, and the Rest of the Asia Pacific)
Table 44: Asia Pacific Waterproofing Membrane Market by Region; 2021 (Percentage, %)
4.1.3 China Waterproofing Membrane Market by Value
Table 45: China Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 46: China Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.1.4 Japan Waterproofing Membrane Market by Value
Table 47: Japan Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 48: Japan Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.1.5 India Waterproofing Membrane Market by Value
Table 49: India Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 50: India Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.1.6 Australia Waterproofing Membrane Market by Value
Table 51: Australia Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 52: Australia Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
4.1.7 South Korea Waterproofing Membrane Market by Value
Table 53: South Korea Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 54: South Korea Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.1.8 Rest of Asia Pacific Waterproofing Membrane Market by Value
Table 55: Rest of Asia Pacific Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 56: Rest of Asia Pacific Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.2 North America Waterproofing Membrane Market: An Analysis
4.2.1 North America Waterproofing Membrane Market by Value
Table 57: North America Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 58: North America Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.2.2 North America Waterproofing Membrane Market by Region (The US, Canada, and Mexico)
Table 59: North America Waterproofing Membrane Market by Region; 2021 (Percentage, %)
4.2.3 The US Waterproofing Membrane Market by Value
Table 60: The US Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 61: The US Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.2.4 The US Waterproofing Membrane Market by Product (Liquid Applied Membrane and Sheet Membrane)
Table 62: The US Waterproofing Membrane Market by Product; 2021 (Percentage, %)
4.2.5 The US Liquid Applied Membrane Market by Value
Table 63: The US Liquid Applied Membrane Market by Value; 2017-2021 (US$ Billion)
Table 64: The US Liquid Applied Membrane Market by Value; 2022-2026 (US$ Billion)
4.2.6 The US Sheet Membrane Market by Value
Table 65: The US Sheet Membrane Market by Value; 2017-2021 (US$ Billion)
Table 66: The US Sheet Membrane Market by Value; 2022-2026 (US$ Billion)
4.2.7 Canada Waterproofing Membrane Market by Value
Table 67: Canada Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 68: Canada Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.2.8 Mexico Waterproofing Membrane Market by Value
Table 69: Mexico Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 70: Mexico Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.3 Europe Waterproofing Membrane Market: An Analysis
4.3.1 Europe Waterproofing Membrane Market by Value
Table 71: Europe Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 72: Europe Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.3.2 Europe Waterproofing Membrane Market by Region (Germany, UK, France, Italy, Spain, and Rest of the Europe)
Table 73: Europe Waterproofing Membrane Market by Region; 2021 (Percentage, %)
4.3.3 Germany Waterproofing Membrane Market by Value
Table 74: Germany Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 75: Germany Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.3.4 The UK Waterproofing Membrane Market by Value
Table 76: The UK Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 77: The UK Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.3.5 France Waterproofing Membrane Market by Value
Table 78: France Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 79: France Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
4.3.6 Italy Waterproofing Membrane Market by Value
Table 80: Italy Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 81: Italy Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.3.7 Spain Waterproofing Membrane Market by Value
Table 82: Spain Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 83: Spain Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.3.8 Rest of Europe Waterproofing Membrane Market by Value
Table 84: Rest of Europe Waterproofing Membrane Market by Value; 2017-2021 (US$ Million)
Table 85: Rest of Europe Waterproofing Membrane Market by Value; 2022-2026 (US$ Million)
4.4 Rest of World Waterproofing Membrane Market: An Analysis
4.4.1 Rest of World Waterproofing Membrane Market by Value
Table 86: Rest of World Waterproofing Membrane Market by Value; 2017-2021 (US$ Billion)
Table 87: Rest of World Waterproofing Membrane Market by Value; 2022-2026 (US$ Billion)
5. Impact of COVID-19
5.1 Impact of COVID-19 on Waterproofing Membrane Market
5.2 Impact of COVID-19 on Construction Activities
Table 88: Global Construction Activity Index; Q2 2020-Q4 2021 (Index)
5.3 Post Pandemic Impact
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growing Construction Industry
Table 89: Global Construction Market by Value; 2020-2030 (US$ Trillion)
6.1.2 Rapid Urbanization
Table 90: Global Share of Urban Population in Total Population; 2015-2050 (Percentage, %)
6.1.3 Increasing Disposable Income
Table 91: The US Per Capita Personal Disposable Income; 2011-2021 (US$ Thousand)
6.1.4 Supportive Government Initiatives
6.1.5 Wide Variety Of Application
6.1.6 Rising Demand for Residential Spaces
6.2 Challenges
6.2.1. Fluctuating Raw Material Prices
Table 92: Crude Oil Prices; 2020-2022 (US$ Per Barrel)
6.2.2 Potential Health and Environmental Issues
6.3 Market Trends
6.3.1 Increasing Housing Age
Table 93: The US Number of Homes by Age: 2021 (Million)
6.3.2 Growing Demand For Green Roofing & Green Building
7. Competitive Landscape
7.1 Global Waterproofing Membrane Market Players: Merger & Acquisition
Table 94: Global Waterproofing Membrane Market Players: Merger & Acquisition
7.2 Global Waterproofing Membrane Market Players: Recent Product Launch
Table 95: Global Waterproofing Membrane Market Players: Recent Product Launch
8. Company Profiles
8.1 Sika AG
8.1.1 Business Overview
8.1.2 Operating Segments
Table 96: Sika AG Net Sales by Segment; 2021 (Percentage, %)
8.1.3 Business Strategy
8.2 Dow Inc. (The Dow Chemical Company)
8.2.1 Business Overview
8.2.2 Operating Segment
Table 97: Dow Inc. Net Sales by Segment; 2021 (Percentage, %)
8.2.3 Business Strategy
8.3 Carlisle Companies Incorporated
8.3.1 Business Overview
8.3.2 Operating Segment
Table 98: Carlisle Companies Incorporated Revenue by Segment; 2021 (Percentage, %)
8.3.3 Business Strategy
8.4 BASF SE
8.4.1 Business Overview
8.4.2 Operating Segment
Table 99: BASF SE Sales by Segment; 2021 (Percentage, %)
8.4.3 Business Strategy
8.5 Berkshire Hathaway, Inc. (Johns Manville)
8.5.1 Business Overview
8.5.2 Operating Segments
Table 100: Berkshire Hathaway, Inc. Revenue by Segment; 2021 (Percentage, %)
8.5.3 Business Strategy
8.6 RPM International Inc. (Tremco Incorporated)
8.6.1 Business Overview
8.6.2 Operating Segment
Table 101: RPM International Inc. Net Sales by Segment; 2021 (Percentage, %)
8.6.2 Business Strategy
8.7 GCP Applied Technologies, Inc.
8.7.1 Business Overview
8.7.2 Operating Segment
Table 102: GCP Applied Technologies, Inc. Net Sales by Segment; 2021 (Percentage, %)
8.7.3 Business Strategy
8.8 Soprema Group
8.8.1 Business Overview
8.8.2 Business Strategy
8.9 Forsoc, Inc.
8.9.1 Business Overview
8.9.2 Business Strategy
8.10 Standard Industries (BMI Group)
8.10.1 Business Overview
8.10.2 Business Strategy

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings