Waterproofing membranes market

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), and Others), by Category (Liquid Applied Membranes and Sheet-based Membranes), by Application (Roofing & Walls, Building Structures, Waste & Water Management, Mining Application, Landfill & Tunnel Liners, Bridges & Highways and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Sep 2022
CMI3701
250 Pages
Excel & Pdf
Polymers and Resins

Summary

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

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.

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

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

Table of Content

Table of Contents

* Browse 50 market data tables* and 40 figures* on “Global Waterproofing Membranes Market” - forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What was the global waterproofing membranes market size in 2021?

Global waterproofing membranes market was valued at around US$ 28.48 Billion in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

The increasing demand for waterproofing membranes from various end-use industries such as construction and mining are expected to drive growth of the market

What are the trends in 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.

What are the key factors hampering growth of 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.

Which are the key players in the market?

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

What is the estimated CAGR for the market?

The market is estimated to grow at around 7.8% CAGR in the forecast period (2022-2030).