Waterproofing Membrane Market Forecasts to 2028 - Global Analysis By Type ( Hot Liquid-applied Membranes, Fully Adhered Sheets, Cold Liquid-applied Membranes, Loose Laid Sheets and Liquid Applied Membranes), Raw Material (Bitumen, Polypropylene, Polyvinyl

Waterproofing Membrane Market Forecasts to 2028 - Global Analysis By Type ( Hot Liquid-applied Membranes, Fully Adhered Sheets, Cold Liquid-applied Membranes, Loose Laid Sheets and Liquid Applied Membranes), Raw Material (Bitumen, Polypropylene, Polyvinyl Chloride (PVC), Thermoplastic Olefin (TPO), Ethylene Propylene Diene Monomer (EPDM), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Ethylene Vinyl Acetate (EVA) and Polymer Modified Cement), Application (Roofing, Building Structures, Bridges and Highways, Water and Waste Management, Landfill & Tunnel Liners, Bridges & Highways, Marines and Roadways) and Geography

According to Stratistics MRC, the Waterproofing Membrane Market is accounted for $25.3 billion in 2022 and is expected to reach $42.7 billion by 2028 growing at a CAGR of 9.1% during the forecast period. A waterproofing membrane is a material layer that is applied to a surface to prevent water leaks or damage from spreading. Usually, liquid-applied or pre-formed sheet membranes are used in the procedure. Condensation and climatic factors are both major contributors to building damage and potential health risks, which are protected by waterproofing membranes that are a valuable asset.

According to the World Health Organization (WHO), approximately 829,000 individuals die from diarrhea each year. Public agencies are emphasizing the need for proper sanitation and treatment of drinking water to prevent death caused by waterborne diseases in young children. With an increasing focus on water treatment, the demand for waterproofing membranes is anticipated to soar in the coming years.

Market Dynamics:

Driver:

Rapid Urbanization and Infrastructure Development Activities to Fuel the Market
The demand for residential and commercial buildings rises as a result of factors including rapid urbanisation, infrastructure development, and exponential population growth. This increases the demand for waterproofing membranes. The demand for these membranes will be positively impacted by the rising government spending on commercial and public infrastructure projects, such as highways, power plants, water treatment plants, airports, bridges, hospitals, and schools. Additionally, the demand for residential space in developing countries will increase due to population growth and various government initiatives to provide housing for the Economically Weaker Section (EWS).

Restraint:

Environmental and Health Hazards Associated with Membranes to Pose a Threat to the Market

Potential health and environmental hazards involve liquid-applied membranes or waterproofing chemicals. These chemicals are harmful to nearby workers because they include fluorinated compounds and are often used in spray form. Respiratory problems, such as lung damage, chemical pneumonia, bronchitis, and pharyngeal disorders, can lead to exposure to these chemicals. Due to a lack of awareness, a large section of the labour force in developing nations is exposed to toxic chemicals constantly.

Opportunity:

High Demand for Joint-free and Seamless Liquid-applied Waterproofing Membranes

Waterproofing membranes in liquid form are brought to the site and applied to the surface using a brush or a spray. A smooth, joint-free membrane is formed as the liquid cures in the air. Applying more of the liquid chemical per unit area will reduce the thickness. The liquid waterproofing application process is relatively quick. However, while applying, care must be taken to provide the appropriate thickness. Due to joint free, liquid waterproofing membranes are generally considered as superior to sheet-based membranes.

Threat:

Fluctuations in raw material pricing

The waterproofing membrane industry's business prospects may be impacted by fluctuating raw material prices. The problems in the supply chain and the scarcity of raw materials have led to high costs for the purchase of products like PVC and asphalt.

Covid-19 Impact

In the wake of the COVID-19 epidemic, expanding wastewater management initiatives demonstrated a bright future for the waterproofing membrane industry. With respect to water contamination and wastewater management, the epidemic raised more concerns. To detect symptomatic and asymptomatic diseases, various cities globally adopted wastewater surveillance systems, which were motivated by the increasing emphasis on water treatment. In order to determine the novel outbreak early, public organisations and government entities turned to water management.

The Roofing segment is expected to be the largest during the forecast period

The rising demand for residential construction in Asia Pacific is promoting the segment's growth. As roofs are constantly exposed to rain and atmospheric moisture, these membranes are increasingly consumed.

The liquid applied membranes segment is expected to have the highest CAGR during the forecast period

The advantages provided by the product, such as easy installation and affordability, are associated with the segment's dominance. Additionally, the rising demand for infrastructure for water treatment and conservation will boost segment expansion.

Region with largest share:

During the forecast period, North America is anticipated to be the largest market as sales of waterproofing membranes are being fuelled by rapid industrialization and construction. Additionally, the area's snowfall causes significant water leaks and might damage buildings. Furthermore, this has had a positive impact on waterproofing membrane sales.

Region with highest CAGR:

Due to an increase in construction activities, the market in North America is expanding significantly. The demand for waterproofing membranes will increase as a result of increased investments in the healthcare, construction & infrastructure, and automotive industries.

Key players in the market

Some of the key players in Waterproofing Membrane market include Dow Chemical Company, Pidilite Industries Ltd., Isomat S.A., DuPont, Sika AG, Saint-Gobain Weber GmbH, Paul Bauder GmbH & Co. KG, Covestro AG., Kemper System America, Inc, Maris Polymers, BASF SE, CICO Technologies Ltd and GAF Materials Corporation.

Key Developments:

In March 2020, Sika AG expanded its membrane production capacity at its existing site in Saren, Switzerland. The new production facility will be dedicated to the SikaProof structural waterproofing membrane.

In January 2020, BASF released MasterSeal® 730 UVS waterproofing membrane for essential sealing of below grade structures. The product allows easy and faster installation without special tools and welding needs.

Types Covered:
• Hot Liquid-applied Membranes
• Fully Adhered Sheets
• Cold Liquid-applied Membranes
• Loose Laid Sheets
• Liquid Applied Membranes

Raw Materials Covered:
• Bitumen
• Polypropylene
• Polyvinyl Chloride (PVC)
• Thermoplastic Olefin (TPO)
• Ethylene Propylene Diene Monomer (EPDM)
• High Density Polyethylene (HDPE)
• Low Density Polyethylene (LDPE)
• Ethylene Vinyl Acetate (EVA)
• Polymer Modified Cement

Applications Covered:
• Roofing
• Building Structures
• Bridges and Highways
• Water and Waste Management
• Landfill & Tunnel Liners
• Bridges & Highways
• Marines
• Roadways

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements