Waterproofing Membrane Market Size, Share, Analysis, Growth, Forecasts, 2032

Waterproofing Membrane Industry Prospective:

The global waterproofing membrane market size was evaluated at $32 billion in 2023 and is slated to hit $52 billion by the end of 2032 with a CAGR of nearly 5.8% between 2024 and 2032.

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Waterproofing Membrane Market: Overview

Waterproofing membranes are key barriers designed to prevent water from penetrating a structure. they are a key component in construction & building maintenance.

Moreover, they protect structures against water damage and leaks, as well as from structural damage and molds. There are a slew of waterproofing membranes, including EPDM membranes, TPO membranes, bituminous membranes, PVC membranes, and liquid membranes.

Key Insights

• As per the analysis shared by our research analyst, the global waterproofing membrane market is projected to expand annually at the annual growth rate of around 5.8% over the forecast timespan (2024-2032)
• In terms of revenue, the global waterproofing membrane market size was evaluated at nearly $32 billion in 2023 and is expected to reach $52 billion by 2032.
• The global waterproofing membrane market is anticipated to grow rapidly over the forecast timeline owing to the surging use of waterproofing membranes in basements, roofing, balconies & terraces, tunnels & bridges, and bathrooms & kitchens.
•  In terms of material type, the liquid-applied membranes segment is slated to register the highest CAGR over the forecast period.
• Based on application, the roofing segment is predicted to contribute majorly towards segmental space in the upcoming years.
• Based on end-user, the residential segment is likely to lead the global market growth in the ensuing years.
• Region-wise, the North American waterproofing membrane industry is projected to register the fastest CAGR during the assessment timespan.

Waterproofing Membrane Market: Growth Factors

Humungous product penetration in various end-use sectors to scale up the global market expansion by 2032

Surging use of waterproofing membranes in basements, roofing, balconies & terraces, tunnels & bridges, and bathrooms & kitchens will embellish the global waterproofing membrane market expansion.

Huge focus on infrastructure growth, along with rising awareness of water management requirements, will foster the global market surge in the years ahead.

Escalating utilization of waterproofing membranes in particular applications such as tunnels, roofing, retaining walls, and basements is expected to foster the market surge globally in the ensuing years.

Demand for water preservation and management activities is predicted to propel the market expansion globally in the ensuing years.

Waterproofing Membrane Market: Restraints

Changing raw material prices with supply chain disruptions can hamper the global industry progression over 2024-2032

Oscillating raw component costs and the need for expertise in the deployment of waterproofing membranes are predicted to restrict the expansion of the global waterproofing membrane industry.

Moreover, the complexities involved in the process of deploying the waterproofing membrane are likely to put brakes on the global industry surge.

Waterproofing Membrane Market: Opportunities

Introduction of new products and need for infrastructural development in emerging nations will promote global market expansion

Launching innovative products such as hydrophobic materials and green membranes that minimize environmental pollution can open new growth dimensions for the global waterproofing membrane market.

Moreover, swift infrastructural growth in developing countries and supportive government schemes will promote the expansion of the global market.

Waterproofing Membrane Market: Challenges

Lack of standardization of testing procedures used for measuring product quality to challenge the global industry progression

Surging preliminary charges, along with increasing environmental concerns, can challenge the global waterproofing membrane industry expansion in the years ahead.

Furthermore, inconsistent quality standards and the non-uniformity of testing methods used to assess product quality can deter the global industry surge.

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Waterproofing Membrane Market: Segmentation

The global waterproofing membrane market is divided into material type, application, end-user, and region.                                             

In terms of material type, the waterproofing membrane market across the globe is segmented into polyvinyl chloride (PVC) membranes, ethylene propylene diene monomer, polymer-modified bituminous membranes, thermoplastic polyolefin (TPO) membranes, and liquid-applied membranes segments.

Apparently, the liquid-applied membranes segment, which gathered nearly 52% of the global market earnings in 2023, is expected to record the fastest CAGR in the coming eight years due to the ease of applying the material and seamless & monolithic layer reducing the leakage.  

Based on the application, the global waterproofing membrane industry is divided into basements & foundations, water & waste treatment, roofing, industrial & commercial buildings, and tunnel & bridges segments.

Apparently, the roofing segment, which led the global industry share in 2023, is anticipated to account majorly towards the segmental surge in the assessment timeframe.

This can be a result of the rise in the use of waterproofing membranes in construction activities and the need for waterproofing in renovation activities.  

On the basis of end-user, the global waterproofing membrane market is bifurcated into commercial, industrial, and residential segments.

Moreover, the residential segment, which led the global market share in 2023, is likely to lead the global market expansion in the forecast timespan. The segmental surge in the coming eight years can be due to surging urbanization and per capita income.

Moreover, increasing awareness about the significance of waterproofing in avoiding mold and water damage will increase product usage in the residential segment.

Waterproofing Membrane Market: Report Scope

Waterproofing Membrane Market: Regional Insights

Asia-Pacific is likely to maintain leading status in the global market over the assessment period

Asia-Pacific, which contributed for about 50% of the global waterproofing membrane market size in 2023, is slated to establish a leading position in the global market in the forecast timespan.

Furthermore, the regional market expansion in the coming decade can be due to swift urbanization and infrastructural growth in Asian countries.

Additionally, an increase in the middle-income group population and favorable government initiatives will promulgate the scope of growth of the market in the region.  

North American waterproofing membrane industry is expected to register the fastest compound growth rate yearly in the expected timespan.

The elevation of the industry in the region can be a result of strict use of building codes & laws mandating the utilization of high-quality of waterproofing membranes.

Reportedly, the focus on constructing green buildings for energy conservation will proliferate the regional industry surge. Technological innovations and the use of waterproofing systems in countries such as the U.S. will embellish the industry expansion in the region.

Waterproofing Membrane Market: Competitive Space

The global waterproofing membrane market profiles key players such as:

• Johns Manville
• Fosroc International
• Soprema Group
• Keshun Waterproof Technology Co. Ltd.
• Tremco CPG
• GCP Applied Technologies
• Sika AG
• BASF SE
• Oriental Yuhong
• Mapei S.p.A.
• Kingspan Group
• Carlisle Companies Incorporated
• Kemper System America
• Ardex Group.

The global waterproofing membrane market is segmented as follows:

By Material Type

• Polyvinyl Chloride (PVC) Membranes
• Ethylene Propylene Diene Monomer
• Polymer-Modified Bituminous Membranes
• Thermoplastic Polyolefin (TPO) Membranes
• Liquid-Applied Membranes

By Application

• Basements & Foundations
• Water & Waste Treatment
• Roofing
• Industrial & Commercial Buildings
• Tunnel & Bridges

By End-User

• Commercial
• Industrial
• Residential

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa