Waterproofing Membrane Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Raw Material (Modified Bitumen, PVC, TPO, EPDM, HDPE, and LDPE), Type (Cold Liquid-applied Membranes, Hot Liquid-applied Membranes, Fully Adhered Sheets, and Loose Laid Sheets), Application (Roofing and Walls, Water and Waste Management, Building Structures, Tunnel Liners, and Bridges and Highways), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa).

Market Snapshot

Waterproofing Membrane Market Summary
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >8 %
Waterproofing Membrane Market Major Players

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Market Overview

The market for waterproofing membrane is expected to register a CAGR of over 8%, during the forecast period. One of the major factors driving the market studied is the increasing usage in the mining sector. However, competition from eco-friendly alternatives is likely to restrain the market.

  • The rapid growth of the construction sector in Asia-Pacific is also likely to boost the demand for waterproofing membranes, during the forecast period.
  • New emerging markets and applications regarding waterproofing membranes are likely to act as an opportunity for market growth in the future.
  • Europe dominated the market and accounted for the major market share.

Scope of the Report

The scope of the waterproofing membrane market report includes:

Raw Material
Modified Bitumen
PVC
TPO
EPDM
HDPE
LDPE
Type
Cold Liquid-applied Membranes
Hot Liquid-applied Membranes
Fully Adhered Sheets
Loose Laid Sheets
Application
Roofing and Walls
Water and Waste Management
Building Structures
Tunnel Liners
Bridges and Highways
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa (MEA)

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Key Market Trends

Roofing and Walls Application to Dominate the Market

  • Waterproofing membranes have applications in roofing and walls of structures, as they provide superior tensile strength and are climate adaptable. Also, they offer fire resistance properties and help in improving flow resistance at high temperatures.
  • The demand for waterproofing membranes from roofing and wall applications has witnessed a rise in Asia-Pacific and the Middle East. This is mainly due to the increase in commercial infrastructure projects in these regions.
  • Leakage in building, especially roofs and walls, has been a cause of concern, due to water leakage from different parts of the building. Drainage slope of roofs is one of the most important factors. Each building plan must incorporate a roof plan, indicating the position of drainage pipes and direction, and extent of slope on the roof.
  • PVC roofing systems have witnessed tremendous growth in the recent years, due to a variety of standout characteristics, notably, the longevity, durability in harsh weather and temperature extremes, low lifecycle costs, energy efficiency, heat and solar reflectance, flame resistance, chemical and grease resistance, ease of maintenance, ease and flexibility of installation, and inherent recyclability/re-use, among many other benefits.
  • TPO roofing membranes are also used due to their high resistance to tears, impacts, and punctures, with good flexibility that allows for building movement. TPO membranes contain no toxic or hazardous ingredients and are fully recyclable.
  • Modified bitumen is also used in roofing, as it provides superior waterproofing characteristics. These are usually installed as two-ply systems and are always fully adhered.
  • Modified bitumen is asphalt with modifiers added, to offer plastic or rubber-like properties, making it much more durable. The modifiers provide increased resistance to brittleness, cold temperatures, and increased elasticity and strength. It is made of six basic layers that can be assembled in various other combinations.
  • Therefore, such factors are likely to boost the demand for waterproofing membranes in roofing applications.
Waterproofing Membrane Market, Revenue (%), by Application, Global, 2018

Asia-Pacific to Witness the Highest Growth Rate

  • Asia-Pacific is anticipated to be the fastest-growing market for waterproofing membranes, in terms of both value and volume, during the forecast period. The majority of the demand is coming from China and India.

  • The Chinese building and construction industry is the largest construction industry in Asia-Pacific. The demand for waterproofing membranes is increasing as China witnessed high growth in commercial building and construction, as well as high-end real estate.

  • In addition, the introduction of energy saving policies is also expected to drive the demand for waterproofing membranes in China.

  • In India, apart from the residential and commercial building construction, several metro rail projects are currently under progress, such as Lucknow Metro, Kochi Metro, Ahmedabad Metro, Kanpur Metro. This is expected to further boost the Indian construction sector.

  • Therefore, considering such factors, the market for waterproofing membranes in Asia-Pacific is expected to witness high growth, during the forecast period.

Waterproofing Membrane Market - Growth Rate by Region, 2019 - 2024

Competitive Landscape

The market for waterproofing membrane is moderately fragmented in nature, as the market share is divided among sevral companies. Some of the major players of the market include Minerals Technology Inc., Soprema Group, Sika AG, and BASF SE.

Major Players

  1. Minerals Technologies Inc.

  2. Soprema Group

  3. Sika AG

  4. BASF SE

  5. Dow

Waterproofing Membrane Market Concentration

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Usage in the Mining Sector

      2. 4.1.2 Increasing Disposable Income and Rising infrastructural Expenditure in the Developing Countries

      3. 4.1.3 Rapid Growth of Construction Sector in Asia-Pacific

    2. 4.2 Restraints

      1. 4.2.1 Competition from Eco-friendly Alternatives

      2. 4.2.2 Plummeting Oil and Petrochemicals Prices

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Material

      1. 5.1.1 Modified Bitumen

      2. 5.1.2 PVC

      3. 5.1.3 TPO

      4. 5.1.4 EPDM

      5. 5.1.5 HDPE

      6. 5.1.6 LDPE

    2. 5.2 Type

      1. 5.2.1 Cold Liquid-applied Membranes

      2. 5.2.2 Hot Liquid-applied Membranes

      3. 5.2.3 Fully Adhered Sheets

      4. 5.2.4 Loose Laid Sheets

    3. 5.3 Application

      1. 5.3.1 Roofing and Walls

      2. 5.3.2 Water and Waste Management

      3. 5.3.3 Building Structures

      4. 5.3.4 Tunnel Liners

      5. 5.3.5 Bridges and Highways

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 France

        3. 5.4.3.3 United Kingdom

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of the Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa (MEA)

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Carlisle Companies Inc.

      3. 6.4.3 Chryso SAS

      4. 6.4.4 Derbigum Manufacturing (Pty) Ltd

      5. 6.4.5 Dow

      6. 6.4.6 Firestone Building Products

      7. 6.4.7 Fosroc International Limited

      8. 6.4.8 GAF Materials Corporation

      9. 6.4.9 GSE Environmental

      10. 6.4.10 IKO Industries Ltd

      11. 6.4.11 Johns Manville

      12. 6.4.12 Juta AS

      13. 6.4.13 Pidilite Industries Limited

      14. 6.4.14 Renolit SE

      15. 6.4.15 Schluter-Systems Ltd

      16. 6.4.16 Sika AG

      17. 6.4.17 Solmax International Inc.

      18. 6.4.18 Soprema Group

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Frequently Asked Questions

The Waterproofing Membrane Market market is studied from 2016 - 2026.

The Waterproofing Membrane Market is growing at a CAGR of >8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2021.

Minerals Technologies Inc., Soprema Group, Sika AG, BASF SE, Dow are the major companies operating in Waterproofing Membrane Market.

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