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Waterproofing Membranes Market

Waterproofing Membranes Market

Renovation of Existing Infrastructure to Boost the Demand for Waterproofing Membranes during 2021-2031

Waterproofing Membranes Market
FACT4529MR

Market Snapshot

The waterproofing membrane market revenue totalled US$ 25 Bn for 2020, according to Fact.MR, a market research and intelligence provider. Increasing demand from the end user sectors such as infrastructure and water management sectors is propelling the demand for waterproofing membranes.

In addition, governments of different regions are emphasizing on conserving water to adequately serve the increasing population. Thus, the overall waterproofing membrane market is expected to reach US$ 55 Bn by 2031, growing at a CAGR of 8% for 2021- 2031.

Key Points Covered in Waterproofing Membranes Industry Analysis

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Waterproofing Membranes Market and How to Navigate
  • Recommendation on Key Winning Strategies

Waterproofing Membranes Revenue Analysis 2016-2020 in Comparison to Future Outlook 2021-2031

Historically, for the last five years between, 2016 and 2020, the sales for waterproofing membrane exceeded US$ 25 Bn by the end of the aforementioned period. A CAGR of 6% was registered during the said historical period.

Manufacturers of waterproofing membranes are focusing on improving the versatility of the waterproofing membranes. Thus, owing to constant innovation, waterproofing membranes are expected to earn substantial usage in the upcoming years. During the COVID-19 pandemic, prospects somewhat dipped, as imposition of curbs on manufacturing activities stalled prospects in the construction industry, limiting uptake for the first half of 2020.

Due to the aforementioned factors, the waterproofing membranes industry is expected to surpass US$ 55 Bn by registering a positive CAGR of over 8% by the end of the assessment period.

How are Expanding Infrastructure Projects Impelling Waterproofing Membranes Demand?

Waterproofing membranes are employed in a variety of infrastructure such as residential, commercial, and government buildings. Emphasis on water conservation and wastewater treatment from governments worldwide will further boost the demand for waterproofing membranes during the forecast period (2021 – 2031). 

Renovation of existing infrastructure is a driving force behind the surging demand for waterproofing membranes.  Waterproofing of roofs, walls, tunnels & landfills is expected to propel the waterproofing membrane market. Waterproofing membranes can withstand extreme environments which make this an ideal solution for insulation of mining tunnels around the world.

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How are Efficiency and Cost Effectiveness Boosting Sales of Waterproofing Membranes?

Infrastructure development in developing nations will generate continuous demand on the back of waterproofing needs from wastewater and water conservation systems in new structures. Repair related applications in developed regions is also expected to create significant demand for waterproofing membranes.

Mining of metals such as gold, copper, nickel, salt, cobalt, and molybdenum present huge opportunities for waterproofing membrane market. High adaptability and performance under extreme conditions is the driving factor behind adoption from mining tunnels and landfills.

Major market players are investing in product innovation to differentiate their product offerings in a highly competitive market. Price and availability of raw material are expected to act as restraints to an otherwise promising growth of the market.

Country-wise Analysis

Why are Waterproofing Membranes Gaining Popularity in North America?

North America continues to remain in the vanguard of waterproofing membrane market, capturing nearly 1/4th of the total market share. Primarily represented by the U.S, resurgent infrastructure development is a key factor driving market growth in developed regions.

Rapid industrialization and construction are driving the sales of waterproofing membranes. In addition, the snowfall in the region adds to water leakages and may damage the buildings. This, in turn, has positively impacted the sales of waterproofing membranes.

Why is Asia Attracting Waterproofing Membranes Manufacturers?

The waterproofing membrane market in Asia is flourishing at an astounding pace, which is compelling market players to re-evaluate their strategies. This is attributed to heavy investments in construction and infrastructure development projects, especially in China, and India.

Governments in these countries are leveraging waterproofing technologies such as liquid-applied and sheet membranes to ensure longevity of waste/water management systems in both, new as well as existing structures. South Asia & Oceania and East Asia offer remunerative opportunities with impressive growth rates of over 9% respectively.

Waterproofing membranes market regional analysis by Fact.MR

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Category-wise Insights

How are Roofing Applications Augmenting Waterproofing Membranes Demand?

According to Fact.MR, waterproofing membranes will find extensive applications across roofing, poised to account for more than 30% of the market revenue in 2021 and beyond. Increasing residential and commercial construction projects is bolstering demand.

In order to safeguard building roofs from rainwater and environmental moisture, demand for roof-grade sheet membranes is inclining significantly. Also, building owners increasingly seek multi-layer roof protection solutions, which is also spurring demand.

Why the Inclination Towards Liquid Applied Waterproofing Membranes?

Liquid applied membranes are likely to surge more than 2x during the forecast period. This growth can be attributed to the ease of application with which liquid-applied membranes offer seamless and flexible waterproofing.

Liquid membranes provide essential protection for public infrastructures such as municipal water tanks to extend the service life and prevent leaks due to wear and tear. As of 2020, the segment held over 60% of the global revenue share.

Competitive Landscape

Expansions, acquisition, and new product launches dictate the competitive landscape of waterproofing membranes market.

  • On January 9, 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.
  • Likewise, in July 2020, to enhance production capacity, Saint-Gobain Weber GmbH commissioned a new mortar production line at its Weber-Vetonit plant in Yegoryevsk, near Moscow, Russia. The facility will be used to manufacture coatings, renders and waterproofing products for the Russian and Ukrainian markets

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Report Scope

Attribute

Details

Market size value in 2020

USD 25 Billion

Market forecast value in 2031

USD 55 Billion

Growth Rate

CAGR of 8% from 2021 to 2031

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value &  Mn Square Meters for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania 
  • Middle East & Africa

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • Spain
  • France
  • Italy
  • Russia
  • BENELUX
  • India
  • ASEAN
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • GCC
  • Turkey
  • South Africa

Key Market Segments Covered

  • Application
  • End Use
  • Region

Key Companies Profiled

  • BASF SE
  • Dow Chemical Company
  • Pidilite Industries Ltd.
  • Bayer Material Science AG
  • Saint-Gobain Weber GmbH
  • Paul Bauder GmbH & Co. KG
  • Sika AG
  • GAF Materials Corporation
  • Fosroc Ltd.
  • CICO Technologies Limited
  • Alchimica Building Chemicals
  • Maris Polymers
  • Isomat S.A.

Pricing

Available upon Request

Key Segments Covered

  • Application

    • Liquid Applied Waterproofing Membranes
      • Cementitious
      • Bituminous
      • Polyurethane
      • Acrylic
      • Other
    • Sheet Waterproofing Membranes
      • Bituminous
      • Polyvinyl Chloride (PVC)
      • Ethylene Propylene Diene Monomer (EPDM)
      • Other
  • End Use

    • Waterproofing Membranes for Roofing
    • Waterproofing Membranes for Walls
    • Waterproofing Membranes for Building Structures
    • Waterproofing Membranes for Tunnels & Landfills
    • Waterproofing Membranes for Other End Uses

- FAQs -

As of 2021, the market for waterproofing membranes will reach nearly US$ 25 Bn

The waterproofing membranes industry is expected to surpass a CAGR of 8% from 2021-2031.

The waterproofing membranes market is expected to reach nearly US$ 55 Bn by 2031

Versatility of waterproofing membranes and water conservation measures are the key trends driving waterproofing membranes sales.

According to Fact.MR, North America is likely to capture 1/4th of global waterproofing membranes demand

According to Fact.MR, sales of waterproofing membranes in Asia are expected to register a CAGR of 9%

According to Fact.MR, waterproofing membranes will be maximum across roofing applications, capturing over 30% of revenue

Liquid applied waterproofing membranes are anticipated to surge 2x from 2021 to 2031

BASF SE, Dow Chemical Company, Pidilite Industries Ltd., Bayer MaterialScience AG, Saint-Gobain Weber GmbH, Paul Bauder GmbH & Co. KG, Sika AG, GAF Materials Corporation, Fosroc Ltd., CICO Technologies Limited, Alchimica Building Chemicals, Maris P

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