The waterproofing membrane market is poised for substantial growth, driven by escalating demands from the waste and water management sector and ongoing developments in water conservation infrastructure.
The SNS Insider report forecasts that the Waterproofing Membrane Market will grow at a CAGR of 6.1% between 2023 and 2030. The market value is expected to surge from USD 37.66 billion in 2022 to USD 60.48 billion by 2030. The waterproofing membrane market is witnessing robust growth, driven by the increasing demand for durable and long-lasting waterproofing solutions in construction and infrastructure projects worldwide. Waterproofing membranes are essential components in building envelopes, providing protection against water infiltration and moisture damage in structures such as roofs, basements, foundations, and tunnels. With the growing emphasis on sustainable construction practices, energy efficiency, and infrastructure resilience, there is a rising need for high-performance waterproofing membranes that can withstand harsh environmental conditions and extend the lifespan of buildings and infrastructure assets
One significant trend shaping the waterproofing membrane market is the adoption of advanced materials and technologies to enhance performance and durability. Manufacturers are developing innovative membrane formulations using polymer-based materials such as bitumen, thermoplastics, rubber, and liquid-applied coatings, engineered to provide superior waterproofing properties, flexibility, and resistance to UV radiation, chemicals, and mechanical stress. Additionally, there is a growing demand for self-adhesive and pre-applied waterproofing membranes that offer ease of installation, reduced labor costs, and improved reliability in challenging construction environments.
Market Report Scope:
A waterproofing membrane acts as a thin, water-tight layer applied continuously over a solid surface to prevent water penetration. These membranes, whether sheet-based or liquid-applied, must possess properties like strength, flexibility, and tear resistance to cover buildings and seal cracks effectively. With advancements in construction, the demand for waterproofing materials has risen to ensure structural integrity. Dampness prevention, crucial for averting issues like corrosion, efflorescence, and plaster deterioration, further propels the market. The market witnesses growth fueled by rising urbanization and industrialization in developing economies, economic expansion, and increased infrastructure investments. The waste and water management sectors, coupled with the development of water conservation facilities, are key drivers for the demand growth of waterproofing membranes.
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Major Key Players in the Acid dyes Market
l Carlisle Companies, Inc.
l Chryso SAS
l Copernit S.P.A.
l Derbigum Americas Inc.
l DowDuPont, Inc.
l Firestone Building Products Company
l Flex Roofing Systems
l Fosroc International Ltd.
l GAF
l GCP Applied Technologies, Inc.
l GSE Environmental, Inc.
l IKO Industries Ltd.
l Isomat S.A.
l Johns Manville Corporation
l Juta AS
l LATICRETE International, Inc.
Market Analysis:
Rapid urbanization, infrastructure development, and population growth fuel the demand for residential and commercial establishments, contributing to the need for waterproofing membranes. Government spending on private and public infrastructure projects, including roads, power stations, water treatment plants, airports, bridges, hospitals, and schools, positively influences membrane demand.
In developing economies, initiatives like India's Pradhan Mantri Awas Yojana (PMAY) to provide housing for the Economically Weaker Section (EWS) boost the consumption of waterproofing membranes. However, potential health and environmental hazards associated with waterproofing chemicals pose challenges. Exposure to these chemicals, particularly in spray form, can lead to respiratory problems, acting as a restraint for market growth.
Segment Analysis:
By Product
l Liquid-applied Membranes
l Fully Adhered Sheets
l Laid Sheets
l Others
By Raw Material
l Modified Bitumen
l Poly Vinyl Chlorid
l Acrylic
l Polyurethane
l Others
By Application
l Roofing Walls
l Water Management
l Tunnel Liners
l Bridges
l Others
By End-User
l Residential
l Industrial
l Infrastructural
l Others
By Product: The liquid applied membrane product segment leads the market, accounting for over 65% of the global revenue in 2022. The growth is attributed to increased awareness of the product's advantages, such as cost-effectiveness and ease of installation.
By Application: Roofing walls dominate with a 32% revenue share in 2022. This growth is fueled by increased applications in the Asia-Pacific region for residential housing construction. The demand for sheet membranes for roofs, addressing exposure to rainwater and environmental moisture, is expected to drive the roofing segment's growth.
Key Regional Development:
Asia Pacific claims the largest revenue share (33% in 2022), driven by growing infrastructural developments, rapid industrialization, especially in China and India, and the rising demand for utilities in domestic applications. Increased use of waterproofing membranes in mining applications further fuels regional growth.
North America expects significant growth due to rising construction activities in Mexico and Canada, along with increased investment in warehouse construction for healthcare, retail, and automotive applications. In Europe, product demand is dominated by advanced countries like the U.K., Germany, and France. The increasing adoption of waste management and water conservation, demanding liquid applied and sheet membrane products in residential buildings, is expected to boost product demand in the region.
Key Takeaways:
- Waterproofing Membrane Market to exceed USD 60.48 billion by 2030.
- Liquid-applied membranes lead, driven by cost-effectiveness and ease of installation.
- Asia Pacific emerges as a dominant force, fueled by infrastructure development and industrialization.
Recent Developments:
- In June 2023,Fosroc hosted a seminar in partnership with the Indian Association of Structural Engineers (IASE) to showcase new trends and technology in waterproofing solutions
- In June 2023,IKO confirmed plans to construct a new manufacturing campus in Clay County, Florida, near Jacksonville, catering to the roofing, waterproofing, and insulation industry.
- In January 2022,Derbigum Americas, Inc. announced its name change to Performance Roof Systems, Inc., a SOPREMA Group Company, aligning with the company's focus on industry-leading roofing solutions.
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