Waterproofing Membranes Market size is anticipated to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of waterproofing membranes was around USD 10 billion. Rapid urbanization, population growth, and infrastructure development were boosting construction activities worldwide. This, in turn, was increasing the demand for waterproofing materials to protect buildings and structures from water damage.
Governments and private sectors were investing heavily in infrastructure development, including transportation, roads, bridges, and tunnels, leading to increased demand for waterproofing solutions. With a greater emphasis on sustainability and energy efficiency, waterproofing membranes became crucial to maintain the integrity of structures and reduce energy consumption.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 10 Billion |
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Forecast Year Market Size (2035) |
~ USD 20 Billion |
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Regional Scope |
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Type (Bituminous, Polymeric)
The bituminous segment is estimated to gain the largest market share of 65% in the year 2035. Bituminous waterproofing membranes are often considered more cost-effective compared to other types of waterproofing materials. This affordability makes them a popular choice for various construction projects. Bituminous membranes are available in different forms, including torch-applied, self-adhesive, and hot-mopped, making them suitable for various application methods and project requirements. Additionally, their ease of installation compared to some other waterproofing systems contributes to their popularity.
End User (Construction, Mining, Waste Management)
The construction segment is expected to garner a significant share in the year 2035. Rapid urbanization and population growth have been significant drivers of construction activities worldwide. As more people move to urban areas, there is an increased demand for housing, infrastructure, commercial buildings, and other construction projects. According to the United Nations, the global urban population was projected to increase from 55% in 2018 to 68% by 2050, indicating the ongoing trend of urbanization driving construction demand.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End User |
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APAC Market Forecast
The waterproofing membranes market in the Asia Pacific region is projected to hold the largest market share of 38% by the end of 2035. The Asia Pacific region is prone to natural disasters such as heavy rainfall, typhoons, and flooding. As a result, there is a high demand for waterproofing solutions to protect buildings, infrastructure, and underground facilities from water damage during adverse weather events. The global trend of innovation in waterproofing membrane technology implies that the Asia Pacific region would have benefitted from similar developments.
North American Market Statistics
The waterproofing membranes market in the North America region is projected to hold the second-largest share during the forecast period. The North American construction industry was witnessing growth, driven by new residential, commercial, and industrial construction and renovation and repair projects. This surge in construction activities contributed to the demand for waterproofing membranes. According to Statista, the total construction spending in the United States was noted to reach over USD 1.4 trillion in 2022, indicating robust growth in the construction sector.
Author Credits: Smruti Ranjan, Rajrani Baghel
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