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A waterproofing membrane is a thin layer of material used to prevent water from contacting another material that it is placed over. Waterproofing membranes may be adhesive or simply laid on top of the material they are supposed to protect. Waterproofing membranes are made from many different materials and are commercially available in various sizes and thicknesses.

Global waterproofing membranes market was valued at US$ 28.48 Billion in 2021 in terms of revenue, exhibiting a CAGR of  7.8% during the forecast period (2022 to 2030).

Drivers

The increasing demand for waterproofing membranes from various end-use industries such as construction and mining is expected to drive growth of the global waterproofing membranes market. The waterproofing membrane is used in various applications such as construction, mining, building, and roofing.

Infrastructure is the key element for transforming under developed countries into emerging or developing countries. Rapid urbanization in emerging economies and continued urbanization in advanced economies are the major drivers of infrastructure spending. A rise in infrastructure spending includes the creation of a huge demand for private and public sector infrastructural developments, such as power stations, electricity grids, water supply and treatment plants, roads, railways, airports, bridges, telecommunications networks, schools, and hospitals. The building & construction industry requires high-performance materials that are strong, lightweight, high-performance, durable, and versatile. The quality and performance of building materials need to be extremely consistent; as a result, demand for waterproofing membranes is increasing for infrastructural development. The increasing population in emerging regions, and the need for improved infrastructure, are expected to drive the global consumption of waterproofing membranes.

The waterproofing membranes are used mainly in the construction industry. COVID-19 has severely impacted this industry. The lockdown in various countries and logistical restrictions have adversely impacted the construction industry. Supply chain disruptions, workforce unavailability, logistical restrictions, limited availability of components, demand drop, low company liquidity, and shutdown of manufacturing due to lockdown in various countries have adversely affected the industry. Raw material suppliers and other related businesses are forced to re-evaluate their strategies to cater to this industry during this crisis period. Demand for construction activities has increased in the healthcare sector, owing to the pandemic. A rise in demand for new hospitals and care institutions have provided some stability to the construction sector thus driving the waterproofing membranes market.

Figure 1. Global Waterproofing Membranes Market Value Share (%), By Region, 2021

Waterproofing Membranes  | Coherent Market Insights

Market Restraints

Fluctuating raw material prices of waterproofing membranes are expected to restrain growth of the global market in the forecast period due to supply and demand imbalance. The raw materials used for producing waterproofing membranes include polypropylene and bitumen among many others.

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Waterproofing Membranes Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 28.48 Bn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 7.8% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Segments covered:
  • By Product Type: SBS Bitumen, APP Bitumen, Polyvinyl Chloride (PVC), Ethylene Propylene Diene Monomer (EPDM), Thermoplastic Olefin (TPO), High-density, lyethylene (HDPE), Low-density Polyethylene (LDPE), Others
  • By Category: Liquid Applied Membranes, Sheet-based Membranes
  • By Application: Roofing & Walls, Building Structures, Waste & Water Management, Mining Application, Landfill & Tunnel Liners, Bridges & Highways, Others 
Companies covered:

Carlisle Companies Inc., Chryso S.A.S., Copernit S.P.A., Derbigum, DuPont de Nemours, Inc., Firestone Building Products Company, LLC., Flex Roofing Systems, Fosroc, Inc., GAF Materials Corporation, GCP Applied Technologies, IKO Industries, Ltd., ISOMAT S.A., Johns Manville Corporation, Juta A.S., RENOLIT SE, Sika Group, Solmax International Inc., and Soprema Group

Growth Drivers:
  • Increasing growth in the waterproofing membrane industry is one of the major factors that is expected to propel growth of market over the forecast period
  • Rising demand for waterproofing membranes is one of the major factors driving growth of the global market
Restraints & Challenges:
  • Fluctuating raw material prices of waterproofing membranes are expected to restrain growth of the global market in the forecast period due to supply and demand imbalance

Market Trends

Key players are adopting growth strategies such as product development, among others, in order to expand their portfolio and market share in the global waterproofing membranes market.

Figure 2. Global Waterproofing Membranes Market Value Share (%), By Category, 2021

Waterproofing Membranes  | Coherent Market Insights

On the basis of category, waterproofing membranes market is segmented into liquid applied membranes and sheet-based membranes. Moreover, in 2021, liquid applied membranes segment accounted for 66.2% of the revenue share.

Recent Developments

  • In March 2020, Sika, a chemical company, operated a new production facility for the SikaProof structural waterproofing membrane, at Sarnen, Switzerland. This investment in the expansion will boost manufacturing efficiency and enable the company to serve the rapidly growing market.
  • In June 2022, Sika, a chemical company, established a new manufacturing plant for concrete admixtures on stream in Stafford, Virginia, USA. With the opening of the plant near Washington D.C., Sika is increasing its production capacity in the important American construction market so that it can readily satisfy the strong demand in the Northeast and Mid-Atlantic regions.
  • In February 2022, Carlisle Companies Inc., an American diversified company, announced the acquisition of MBTechnology, Inc., (MBT) a manufacturer of energy-efficient, styrene-butadiene-styrene modified bitumen roofing and underlayment systems for residential and commercial applications

Competitive Section

Major players operating in the global waterproofing membranes market include Carlisle Companies Inc., Chryso S.A.S., Copernit S.P.A., Derbigum, DuPont de Nemours, Inc., Firestone Building Products Company, LLC., Flex Roofing Systems, Fosroc, Inc., GAF Materials Corporation, GCP Applied Technologies, IKO Industries, Ltd., ISOMAT S.A., Johns Manville Corporation, Juta A.S., RENOLIT SE, Sika Group, Solmax International Inc., and Soprema Group

A waterproofing membrane is a thin layer of material used to prevent water from contacting another material that it is placed over. Waterproofing membranes may be adhesive or simply laid on top of the material they are supposed to protect. Waterproofing membranes are made from many different materials and are commercially available in various sizes and thicknesses.

Market Dynamics

Global waterproofing membranes market is expected to exhibit a CAGR of 7.8% over the forecast period, owing to increasing demand for various applications such as roofing & walls, building structures, mining, and bridges & highways, among others. Furthermore, increasing mergers and acquisitions among key market players, across the globe is an added advantage for increase in demand for the global waterproofing membranes market.

Among material type, TPO (Thermoplastic Olefins) segment accounted for a significant market share in 2021. TPO waterproofing membranes are produced from a mixture of polypropylene and ethylene-propylene polymers. The TPO waterproofing membrane can be installed anytime during the year with an appropriate roof deck preparation.

TPO is highly preferred in North America and Europe, owing to various characteristics such as relatively lesser weight than other products (such as Polyvinyl Chloride), flexibility, and cost-effectiveness compared to hot air welded membranes. TPO membranes may or may not be reinforced. Moreover, other proprietary ingredients such as pigments, Ultraviolet (UV) absorbers, and flame retardants may also be added to TPO waterproofing membrane formulations.

Key features of the study:

  • This report provides an in-depth analysis of the global waterproofing membranes market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global waterproofing membranes market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Carlisle Companies Inc., Chryso S.A.S., Copernit S.P.A., Derbigum, DuPont de Nemours, Inc., Firestone Building Products Company, LLC., Flex Roofing Systems, Fosroc, Inc., GAF Materials Corporation, GCP Applied Technologies, IKO Industries, Ltd., ISOMAT S.A., Johns Manville Corporation, Juta A.S., RENOLIT SE, Sika Group, Solmax International Inc., and Soprema Group
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
  • The global waterproofing membranes market report caters to various stakeholders in this industry including investors, suppliers, waterproofing membranes  manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global waterproofing membranes market

Detailed Segmentation:

  • Global Waterproofing Membranes Market, By Product Type:
    • SBS Bitumen
    • APP Bitumen
    • Polyvinyl Chloride (PVC)
    • Ethylene Propylene Diene Monomer (EPDM)
    • Thermoplastic Olefin (TPO)
    • High-density Polyethylene (HDPE)
    • Low-density Polyethylene (LDPE)
    • Others
  • Global Waterproofing Membranes Market, By Category :
    • Liquid Applied Membranes
    • Sheet-based Membranes
  • Global Waterproofing Membranes Market, By Application:
    • Roofing & Walls
    • Building Structures
    • Waste & Water Management
    • Mining Application
    • Landfill & Tunnel Liners
    • Bridges & Highways
    • Others
  •  Global Waterproofing Membranes Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country:
        • Middle East
        • Africa
  • Company Profiles
    • Carlisle Companies Inc.*
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Chryso S.A.S.
    • Copernit S.P.A.
    • Derbigum
    • DuPont de Nemours, Inc.
    • Firestone Building Products Company, LLC.
    • Flex Roofing Systems
    • Fosroc, Inc.
    • GAF Materials Corporation
    • GCP Applied Technologies
    • IKO Industries, Ltd.
    • ISOMAT S.A.
    • Johns Manville Corporation
    • Juta A.S.
    • RENOLIT SE
    • Sika Group
    • Solmax International Inc.
    • Soprema Group

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global waterproofing membranes market was valued at around US$ 28.48 Billion in 2021.
The increasing demand for waterproofing membranes from various end-use industries such as construction and mining are expected to drive growth of the market
Key players are adopting growth strategies such as product development, among others, in order to expand their portfolio and market share in the market.
Fluctuating raw material prices of waterproofing membranes are expected to restrain growth of the market in the forecast period due to supply and demand imbalance.
Major players operating in the market include Carlisle Companies Inc., Chryso S.A.S., Copernit S.P.A., Derbigum, DuPont de Nemours, Inc., Firestone Building Products Company, LLC., Flex Roofing Systems, Fosroc, Inc., GAF Materials Corporation, GCP Applied Technologies, IKO Industries, Ltd., ISOMAT S.A., Johns Manville Corporation, Juta A.S., RENOLIT SE, Sika Group, Solmax International Inc., and Soprema Group
The market is estimated to grow at around 7.8% CAGR in the forecast period (2022-2030).

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