Waterproofing Membranes Market

Waterproofing Membranes Market Growth Outlook (2023-2033)

The waterproofing membrane market is estimated to be valued at US$ 31.5 billion in 2023. Waterproofing material is a thin impermeable membrane that functions along with asphalt to provide protection to the underlying structure of the buildings. The asphalt present in the waterproofing membranes protects the underlying membrane and maintains the quality & support of the internal infrastructure.

Report Attributes	Details
Estimated Market Value (2023E)	US$ 31.5 Billion
Forecasted Market Value (2033F)	US$ 64.5 Billion
Global Market Growth Rate (2023-2033)	8.0% CAGR
North America Market Share (2023)	26.3%
Key Companies Profiled	BASF SE Alchimica Building Chemicals Bayer Material Science AG CICO Technologies Limited Dow Chemical Company Fosroc Ltd.

Historic and Future Path for Waterproofing Membranes Market

The use of waterproofing membranes has historically exceeded US$ 29.2 billion by the end of the five-year period between 2018 and 2022. Growing rooftop restaurants and gardens are likely to drive the waterproofing membrane market during the forecast period.

• Growth Factors for Short Term (2023-2026): Growing construction industry across the globe coupled with demand for green buildings is anticipated to drive the waterproofing membranes market.
• Factors for Medium-Term Growth (2026-2029): Increasing government investment for smart cities and infrastructure development across both developed as well as developing economies, which in turn, fuel the demand for waterproofing membranes.
• Long-Term Growth Opportunities (2029-2033): Efforts by market players to curb the demand pool and gain high-profit margins are anticipated to drive the waterproofing membranes market in a long run.

Market Dynamics Outlook

“Growing Government Investment in Construction Sector”

For laying the foundational base structure, for residential, commercial, and industrial buildings, waterproofing membranes are used. During the projected period, emphasis on water conservation and wastewater treatment from governments around the world increased the demand for waterproofing membranes.

The increasing need for waterproofing membranes is being driven by the renovation and upgradation of existing infrastructure. The waterproofing membrane market is anticipated to grow due to the need to waterproof roofs, walls, tunnels, and landfills. Waterproofing membranes are an excellent option for insulating mining tunnels all over the world since they can survive harsh environments.

“Consumer Preference Towards Green and Sustainable Buildings Drives Waterproofing Membranes Market”

Membranes for waterproofing have certain drawbacks, such as VOC and toxic content. Manufacturers like Fosroc, Tremco, and Sika offer environmentally friendly solutions and also have made investments in research & development.

For use in eco-friendly construction or infrastructure development projects, such as green buildings and green roofs, market titans are increasingly awarding their products with green certification. Any building with a roof that is entirely or partially covered with vegetation is considered a green roof.

Green roofs are effective in reducing energy costs, stormwater runoff, the urban heat island effect, and the removal of airborne pollutants, among others. On contrary, green buildings are environmentally conscious and energy-efficient throughout their life cycle.

Green building structures have to be waterproofed because they offer sufficient protection against weather conditions and water runoff, as well as offer energy efficiency. Due to the stringent government laws and regulations regulating building emissions as well as the beneficial effects of these establishments, green buildings are gaining traction in countries like Germany and the US.

“Rising Raw Material & Production Costs to Inhibit the Market”

The cost and availability of raw materials directly impact the production process and overall profitability. Crude oil prices have surged as a result of rising geopolitical unpredictability, directly affecting numerous production businesses. Almost all industries have experienced higher pricing pressure, which points to a high inflation rate.

The network of the supply chain has also been disturbed by the rising cost of fuel. Despite high demand from the construction sector, rising prices might have a big impact on overall market growth. Additionally, the unavailability of raw materials is anticipated to limit the market's otherwise promising expansion.

Country-wise Insights

Why is the Use of Waterproofing Membranes Increasing in the USA?

With approximately one-fourth of the global market share, the USA is still leading the waterproofing membrane industry. Resurgent infrastructure development, led mostly by the United States, is a major driver of market expansion in developed regions.

The use of waterproofing membranes is due to the brisk industrialization and construction. Additionally, the area's snowfall causes more water leaks and harms building infrastructure. This factor has a favorable effect on the sales of waterproofing membranes.

Why do Waterproofing Membrane Manufacturers Choose India?

India's waterproofing membrane market is expanding at an incredible rate, forcing industry participants to reconsider their business models. Owing to the easy availability of resources in the region, the market is expected to propel. Additionally, significant expenditures in infrastructure development and building projects have boosted the overall market demand for waterproofing membranes.

To enhance the durability of waste/water management systems in both new and existing facilities, governments in regions are utilizing waterproofing technologies including liquid-applied and sheet membranes.

Category-wise Insights

Which Application is Estimated to Drive Waterproofing Membranes Market?

Fact.MR predicts that waterproofing membranes will be used extensively in the roofing industry and will generate more than 30.0% of market revenue by 2023 and beyond. Demand is being boosted by an increase in residential and commercial construction projects.

The demand for roof-grade sheet membranes is rising rapidly as a result of the need to protect building roofs from environmental moisture and precipitation. Also, the requirement is also being fueled by building owners' increased demand for multi-layer roof protection solutions.

Why Liquid Applied Waterproofing Membranes are Gaining Traction?

During the projection period, demand for liquid-applied membranes is expected to increase by almost two times. This expansion can be ascribed to how quickly and easily liquid-applied membranes can provide flexible waterproofing.

For public facilities like municipal water tanks, liquid membranes are crucial in extending service life and preventing leaks from normal wear and tear. By 2023, the segment would have controlled more than 60.0% of worldwide revenue.

Market Players’ Key Strategies

Leading waterproofing membrane manufacturers are BASF SE, Alchimica Building Chemicals, Bayer Material Science AG, CICO Technologies Limited, Dow Chemical Company, and Sika AG.

In order to stand out from the competition in a market that is extremely competitive, major market participants are investing in product innovation. There are several local and regional companies on the extremely fragmented global market for waterproofing membranes.

In order to prevent any disruptions in the demand and supply chains, the lack of raw materials forces firms to tighten their ties with regional agricultural growers. Manufacturers are spending money on R&D to keep up with changing consumer demands in order to stay competitive.

Fact.MR has provided detailed information about the price points of key manufacturers of waterproofing membranes positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Waterproofing Membranes Industry Research

• By Application:

  • Liquid Applied Water Proofing Membrane
    • Cementitious
    • Bituminous
    • Polyurethane
    • Acrylic
    • Other
  • Sheet Waterproofing Membranes
    • Bituminous
    • Polyvinyl Chloride
    • Ethylene Propylene Diene Monomer (EPDM)
    • Other

• By End Use:

  • Roofing
  • Walls
  • Building & Structures
  • Tunnels & Landfills
  • Other End Uses

• By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA