Waterproofing Membranes Market Size & Share, by Type (Bituminous, Polymeric); End-user (Construction, Mining, Waste Management) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3392
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.


Waterproofing Membranes
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Waterproofing Membranes Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing construction activities: The construction industry's growth is one of the primary drivers for the waterproofing membranes sector. According to a report, the global construction industry was expected to reach a value of over USD 17 trillion by 2024.
  • Rising Infrastructure development: Investments in infrastructure projects, such as roads, bridges, tunnels, and public utilities, were on the rise globally.
  • Urbanization and population growth: Rapid urbanization and population expansion were driving the need for more housing and infrastructure, leading to increased construction activities and, subsequently, higher demand for waterproofing solutions.

Challenges

  • Intense competition: The waterproofing membranes market is highly competitive, with numerous manufacturers and suppliers offering a wide range of products. This competition can lead to pricing pressures and reduced profit margins for companies in the industry.
  • Complex installation
  • Environmental concerns

Waterproofing Membranes: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~8%

Base Year Market Size (2022)

~ USD 10 Billion

Forecast Year Market Size (2035)

~ USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Waterproofing Membranes Segmentation

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:

           Type

  • Bituminous
  • Polymeric

 

   

           End User

  • Construction
  • Mining
  • Waste Management

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Waterproofing Membranes Industry – Regional Synopsis

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.

Research Nester
Waterproofing Membranes Size
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Companies Dominating the Waterproofing Membranes Landscape

top-features-companies
    • Sika AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • Carlisle Companies Incorporated
    • Dow Inc.
    • GCP Applied Technologies Inc.
    • Firestone Building Products Company, LLC
    • Kemper System America, Inc.
    • Saint-Gobain Weber
    • Pidilite Industries Limited
    • Fosroc International Limited

In the News

  • BASF completes the carve-out of mobile emissions catalysts and precious metals services businesses. BASF has completed the carve-out of its mobile emissions catalysts and precious metals services businesses and named the separate legal entity BASF Environmental Catalyst and Metal Solutions (ECMS). The company's intention to carve out the entity was first announced in December 2021 with an expected completion timeframe of 18 months.
  • BASF increases production capacity for medium-molecular weight polyisobutenes in Ludwigshafen, Germany. BASF has increased production capacity for medium-molecular weight polyisobutenes (IMWI) at its site in Ludwigshafen, Germany. The new capacity will be used to meet the growing demand for IMWI, which is used in a variety of applications, including adhesives, lubricants, and elastomers.

Author Credits:  Rajrani Baghel


  • Report ID: 3392
  • Published Date: Aug 11, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for the construction sector is the major factor driving the market growth.

The market size of waterproofing membranes is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Sika AG, BASF SE, Carlisle Companies Incorporated, Dow Inc., GCP Applied Technologies Inc., and others.

The construction segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Waterproofing Membranes Market Report Scope
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