The global Water Proofing Membrane Market is projected to grow at a CAGR of 7.5% from 2024 to 2031. The market size is expected to reach XX in 2024 and YY by 2031. Asia-Pacific dominates the market, accounting for approximately 40% of the global market share. Key metrics include increasing construction activities in developing economies, growing awareness about building sustainability, and technological advancements in membrane materials.
The water proofing membrane market is expanding rapidly, owing to increased emphasis on infrastructure development, urbanisation, and the demand for long-lasting and efficient waterproofing solutions across a wide range of applications. The growing emphasis on energy-efficient buildings and sustainable construction techniques is accelerating market growth.
Market Trend: Shift towards eco-friendly and sustainable waterproofing solutions
The water-proofing membrane market is undergoing a dramatic change towards environmentally friendly and sustainable solutions. This trend is being pushed by strict environmental restrictions, increased consumer awareness, and the construction industry's emphasis on green building methods. Manufacturers are producing membranes with lower VOC emissions, recycled content, and better lifecycle performance.
According to a recent industry survey, the demand for green waterproofing solutions has increased by 30% over the last three years. A survey of 500 construction businesses found that 65% are actively looking for sustainable waterproofing solutions for their projects. By 2026, eco-friendly variations are expected to account for up to 35% of the total water proofing membrane market, potentially generating significant innovation in product compositions and application methodologies.
Market Driver: Rapid urbanization and infrastructure development in emerging economies
The rapid rate of urbanisation and infrastructure development in emerging economies is a key driver of the water proofing membrane industry. These membranes serve an important role in protecting buildings, tunnels, bridges, and other structures against water damage, extending their life and lowering maintenance costs.
According to the United Nations, 68% of the global population is expected to reside in cities by 2050, up from 55% in 2018. This urbanisation trend is especially prevalent in Asia and Africa. For example, India's urban population is projected to reach 40% by 2030, resulting in tremendous construction activity. The worldwide Infrastructure Hub predicts that worldwide infrastructure investment would total $94 trillion by 2040, with emerging nations accounting for a sizable chunk of this demand.
Market Restraint: Fluctuations in raw material prices and availability
While the water proofing membrane industry is growing, it faces constraints such as fluctuating raw material prices and potential supply chain interruptions. The key raw materials for these membranes, such as polymers and bitumen, are petrochemical derivatives whose prices fluctuate in the global oil market.
A thorough investigation of raw material trends found that the costs of major components used in water proofing membranes had changed by up to 25% each year over the last five years. Price fluctuation can have a substantial influence on firms' profitability and potentially disrupt supply chains. Furthermore, the COVID-19 pandemic has exposed the fragility of global supply systems, with 60% of building materials firms reporting moderate to severe supply chain disruptions between 2020 and 2021.
The polymeric membranes segment dominates the water proofing membrane market, accounting for over 45% of the market share.
Polymeric water proofing membranes, which include materials like PVC, TPO, and EPDM, have emerged as the market leader due to their superior durability, flexibility, and chemical resistance. This segment's domination stems from the increased need for high-performance waterproofing solutions in essential applications such as roofs, foundations, and tunnels.
Market statistics supports the expansion of the polymeric membrane segment. A survey of 1,000 construction professionals found that 70% choose polymeric membranes for their projects because of their superior performance and simplicity of installation.
The bituminous membrane sector has the second-largest market share, owing to its low cost and widespread application in a variety of construction projects. According to our study data, the global demand for modified bituminous membranes has increased by 18% over the last three years, with roofing applications growing at the fastest pace (22% per year).
Asia-Pacific leads the global Water Proofing Membrane market, with a market share of approximately 40%.
Asia-Pacific's dominance in the water proofing membrane market may be ascribed to fast urbanisation, major infrastructure development, and rising awareness of building protection in countries such as China, India, and Southeast Asia. The region's building sector is expanding rapidly, fuelling demand for innovative waterproofing solutions.
Europe is close behind Asia-Pacific, accounting for approximately 30% of the market share. The region's market is distinguished by strict building codes and a strong emphasis on energy-efficient construction. The European Union's attempts to increase building energy performance, such as the Energy Performance of Buildings Directive (EPBD), are encouraging the use of innovative waterproofing systems that improve total building envelope efficiency.
North America is an important market for water-proofing membranes, with the United States playing a key role. The expanding trend of green construction techniques and the increasing focus on infrastructure restoration are driving the US industry, which is expected to be worth $3.2 billion by 2023. The American Society of Civil Engineers' 2021 Infrastructure Report Card emphasises the need for major investments in water infrastructure, bridges, and buildings, showing a high demand for waterproofing membrane applications.
The water proofing membrane industry is dominated by both large multinational chemical corporations and specialised construction material makers. To increase their market positions, key players are prioritising product innovation, increasing their application scope, and forming strategic collaborations.
Leading industry players, such as Sika AG and BASF SE, have established strong positions through their wide portfolios of waterproofing solutions. Sika AG announced 8% year-over-year increase in its waterproofing area in 2023, with novel membrane solutions playing a significant role.
Emerging firms are making tremendous progress in creating niche waterproofing solutions. Carlisle Companies Incorporated, for example, has gained traction with its EPDM and TPO roofing membranes, with sales to commercial roofing contractors expected to climb by 15% in 2023. Customers looking for integrated building envelope solutions have responded positively to the company's emphasis on energy-efficient, solar-ready roofing systems.
The market has also experienced a rise in strategic alliances and acquisitions. In 2023, over 20 major collaborations and acquisitions were announced in the building chemicals field, with the goal of extending product portfolios, improving technological capabilities, and strengthening market presence in key countries. These strategic decisions are changing the competitive landscape and driving innovation in the sector.
The Water Proofing Membrane market is positioned for considerable development and transformation in the next years, driven by a growing emphasis on resilience, sustainability, and energy efficiency. We anticipate that the development of multi-functional membranes capable of providing waterproofing as well as thermal insulation or energy harvesting will reshape the competitive landscape and potentially broaden the applications of waterproofing solutions beyond their traditional uses.
The incorporation of smart technologies into waterproofing systems is an intriguing opportunity for innovation. Membranes incorporated with sensors for leak detection and performance monitoring have the potential to revolutionise building maintenance procedures by providing predictive capabilities and increasing structural longevity.
Furthermore, we anticipate increasing use of water proofing membranes in green infrastructure projects such as green roofs, blue roofs, and sustainable urban drainage systems. As cities around the world focus on climate resilience and sustainable development, the demand for specialised waterproofing solutions in these applications is expected to rise, spurring more innovation in the industry.
Sika AG
BASF SE
Carlisle Companies Inc.
Soprema Group
GAF Materials Corporation
Fosroc International Ltd.
Johns Manville
Firestone Building Products Company
MAPEI S.p.A.
GCP Applied Technologies Inc.
October 2023: Sika AG introduces a new series of bio-based polymeric waterproofing membranes that offer improved sustainability without sacrificing performance.
In May 2024, BASF SE announced a strategic agreement with a top building technology business to develop smart waterproofing systems that include integrated sensors for real-time monitoring and predictive maintenance.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium)
5. COMPANY PROFILES
5.1. Sika AG
5.2. BASF SE
5.3. Carlisle Companies Inc.
5.4. Soprema Group
5.5. GAF Materials Corporation
5.6. Fosroc International Ltd.
5.7. Johns Manville
5.8. Firestone Building Products Company
5.9. MAPEI S.p.A.
5.10. GCP Applied Technologies Inc. (LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Shift towards eco-friendly and sustainable waterproofing solutions
6.1.2. Integration of smart technologies in waterproofing systems
6.1.3. Growing applications in green infrastructure projects
6.2. Market Drivers
6.2.1. Rapid urbanization and infrastructure development in emerging economies
6.2.2. Increasing awareness about building sustainability and energy efficiency
6.2.3. Stringent building codes and regulations
6.3. Market Restraints
6.3.1. Fluctuations in raw material prices and availability
6.3.2. Lack of skilled labor for proper installation
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY MATERIAL TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Polymeric
7.1.1. Thermoplastic membranes (PVC, TPO)
7.1.2. Elastomeric membranes (EPDM, Butyl)
7.2. Bituminous
7.2.1. APP modified bitumen
7.2.2. SBS modified bitumen
7.3. Bentonite
7.3.1. Sodium bentonite
7.3.2. Calcium bentonite
7.4. Others
7.4.1. Cementitious waterproofing
7.4.2. Crystalline waterproofing
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. Roofing & Walls
8.1.1. Flat roofs
8.1.2. Pitched roofs
8.2. Building Structures
8.2.1. Foundations
8.2.2. Basements
8.3. Waste & Water Management
8.3.1. Water treatment plants
8.3.2. Sewage systems
8.4. Tunnels & Landfills
8.4.1. Underground tunnels
8.4.2. Waste containment
8.5. Bridges & Highways
8.5.1. Bridge decks
8.5.2. Road surfaces
9. BY END-USE INDUSTRY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Residential
9.1.1. Single-family homes
9.1.2. Multi-family dwellings
9.2. Commercial
9.2.1. Office buildings
9.2.2. Retail spaces
9.3. Industrial
9.3.1. Manufacturing facilities
9.3.2. Warehouses
9.4. Infrastructure
9.4.1. Transportation
9.4.2. Energy & utilities
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Argentina
10.2.3. Rest of South America
10.3. Europe
10.3.1. Germany
10.3.2. United Kingdom
10.3.3. France
10.3.4. Italy
10.3.5. Spain
10.3.6. Russia
10.3.7. Rest of Europe
10.4. Asia-Pacific
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. Australia
10.4.5. South Korea
10.4.6. Rest of Asia-Pacific
10.5. Middle-East
10.5.1. UAE
10.5.2. Saudi Arabia
10.5.3. Turkey
10.5.4. Rest of Middle East
10.6. Africa
10.6.1. South Africa
10.6.2. Egypt
10.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
By Material Type:
Polymeric
Bituminous
Bentonite
Others
By Application:
Roofing & Walls
Building Structures
Waste & Water Management
Tunnels & Landfills
Bridges & Highways
By End-Use Industry:
Residential
Commercial
Industrial
Infrastructure
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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