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CHEMICALS AND ADVANCED MATERIALS

Waterproofing Membrane Market Segmentation by Product (Liquid-applied Membranes, Fully Adhered Sheets, Laid Sheets, and Others); by Raw Material (Modified Bitumen, Poly Vinyl Chloride, Acrylic, Polyurethane and Others); by Application (Roofing & Walls, Water Management, Tunnel Liners, Bridges, and Others); by End-User (Residential, Industrial, Infrastructural, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • August, 2021: MAPEI S.p.A launched a new high-moisture-resistant, acrylic-resin-based coat for residential and commercial purposes.

Waterproofing Membrane Market Highlights over 2022 – 2030 - Global

The waterproofing membrane market is estimated to grow at ~9% CAGR over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing usage of waterproofing membranes in infrastructural construction and mining activities. Waterproofing membranes not only provide protection from water leakage and harsh weather conditions, but also improve the tensile strength and impact resistance of the structure. Increasing use of these membranes for different purposes, such as drainage slopes, roofing, insulation in tunnels and bridges, among others, is estimated to act as the major growth drivers for the market. Increasing construction of residential buildings, backed by growing global population is foreseen to raise the demand for waterproofing membranes amongst the residential end-users. For instance, in 2020 the construction of new houses crossed the expenditure of USD 200 billion in the United States, which is expected to boost the market growth. On the other hand, escalating infrastructural development is contributing to the construction of roads, bridges, and drainage systems, which is estimated to boost the demand for waterproofing membranes.    

Waterproofing Membrane Market Graph

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On the basis of product, the market is segmented into liquid-applied membranes, fully adhered sheets, laid sheets, and others. Out of these, the liquid-applied membranes segment is anticipated to gain the largest market share over the forecast, on the back of easy applicability of these membranes. Moreover, it has a longer lifespan, high efficiency, and is eco-friendly, which is estimated to boost the market growth. The market is segmented by end-user into residential, industrial, infrastructural, and others, out of which, the infrastructural segment is anticipated to hold a notable share in the global waterproofing membrane market over the forecast period on account of growing construction of tunnels and bridges, supported by government initiatives to improve connectivity with the remote areas, backed by economic growth.

Major Macro-Economic Indicators Impacting the Market Growth

Refinery-Catalyst-Market

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Waterproofing Membrane Market Regional Synopsis

On the basis of geographical analysis, the global waterproofing membrane market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of growing construction activities in developing countries, along with humid weather conditions. Countries such as, Japan, Vietnam, India, China, and Indonesia experience heavy rainfalls during monsoon, which is why, roads and buildings in this region require waterproofing membrane. Moreover, construction activities are also on a rise in these countries. For instance, as per the data by the India Brand Equity Foundation (IBEF), government of India aims to construct 20 million residences in 2020-21, and 23 new national highways by 2025. These activities are bound to increase the demand for waterproofing membranes, which is expected to boost the market growth in the region. 

The market in the Europe region is estimated to gain significant market share during the forecast period, owing to the infrastructural development in the region, including the construction of new tunnels, bridges and water management systems.

Waterproofing Membrane Market Share Graph

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The global waterproofing membrane market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Waterproofing Membrane Market Segmentation

Our in-depth analysis of the global waterproofing membrane market includes the following segments:

By Product

  • Liquid-applied Membranes
  • Fully Adhered Sheets
  • Laid Sheets 
  • Others

By Raw Material

  • Modified Bitumen
  • Poly Vinyl Chloride
  • Acrylic
  • Polyurethane
  • Others

By Application

  • Roofing & Walls
  • Water Management
  • Tunnel Liners
  • Bridges 
  • Others

By End-User

  • Residential
  • Industrial
  • Infrastructural
  • Others

Growth Drivers

  • Increasing Construction of Tunnels and Bridges
  • Growing Application in Roofing and Drainage Slopes

Challenges

  • Increasing Availability of Low Cost Alternatives

Top Featured Companies Dominating the Market

  • Tremco Construction Products Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Soprema S.A.S.
  • BASF SE
  • Sika AG
  • GCP Applied Technologies Inc
  • Holcim Ltd
  • MAPEI S.p.A.
  • Carlisle Construction Materials LLC (CCM)
  • Fosroc, Inc.
  • Johns Manville

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