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Liquid Membrane Market Size - Product Type, By Application, By End Use Industry & By Technology & Forecast, 2025 - 2034
Report ID: GMI14551
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Published Date: August 2025
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Report Format: PDF
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Authors: Kiran Pulidindi , Kavita Yadav
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Base Year: 2024
Companies covered: 13
Tables & Figures: 211
Countries covered: 22
Pages: 192
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Liquid Membrane Market
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Liquid Membrane Market Size
The global liquid membrane market size was estimated at USD 6.1 billion in 2024. The market is expected to grow from USD 6.4 billion in 2025 to USD 11 billion in 2034, at a CAGR of 6.2%.
Backed by increased investment in infrastructure, public-private partnership (PPP) and changing architectural requirements in terms of building new structures and renovation, the market is experiencing a statistically significant growth. Demand is further boosted by building envelope as per the requirement of government code, energy-efficiency standards and moisture control codes in commercial, residential and industrial applications.
The trend is emerging in the liquid membrane across the emerging economies because of fast curing, application ease, and longer-life than sheet membranes. Expanding cities, high rise buildings and green building certifications have resulted in more specification of polyurethane (PU), acrylic and cementitious-based formulations.
The highly flexible, chemically resistant liquid membranes that offer long life in waterproofing are currently the frontrunners in the product mix and are being increasingly used in podium decks, basement and exposed roof areas especially in high climate volatile areas. The chemi-modified PU is also being used by formulators to enhance elongation, the capability to resist UV rays, and vapor permeability without jeopardizing bond strength.
Liquid membranes based on acrylics, which are low-cost and environmentally friendly (low level of Volatile Organic Compounds), are growing in low-slope roof, balcony and metal-surface markets. The share of these membranes is growing in Western Europe and North America, where LEED and BREEAM certifications are concerned more with breathable and solar reflective materials. Besides, water-based, cold-applied acrylics have found a new application in refurbishment projects owing to their ability to comply with older specifications and that of rolls or spray.
Cementitious liquid membranes are being revisited as a result of improved polymer modified formulations that assist in areas of adhesion, bridging cracks and compatibility with substrates and are mainly utilized in internal wet areas, water tanks and substructures. This segment is being supported by rapid development of infrastructure in Asia-Pacific and enhanced usage of underground utility and low-level commercial buildings. Some of the technologies being considered include dual-performance waterproofing and concrete protection as hybrid combinations like PU-cementitious blends.
The spreadability of ready to use membrane systems also supports segmental uptake, especially in North America, Southeast Asia and Middle East, which satisfy the region-specific climate loads and curing profiles. The manufacturers are engaging in research and development in order to maintain compliance with essential requirements and are combining smart additives (e.g., nano-silica, reactive polymers) to achieve high resistance levels to thermal shock, hydrostatic pressure, and microbial growth.
14% market share
Collective market share of 55% in 2024
Liquid Membrane Market Trends
Liquid Membrane Market Analysis
Based on product type, the market is divided into polyurethane (PU) liquid membranes, acrylic liquid membranes, cementitious liquid membranes, and hybrid and specialty membranes. The polyurethane (PU) liquid membranes segment dominated the market, accounting for around 38.6 % share in 2024 and is expected to grow at a CAGR of over 6.8% through 2034.
Based on applications, the liquid membrane market is divided into roofing applications, below-grade waterproofing, above-grade applications, infrastructure applications and specialty applications. The roofing applications segment dominated the market, accounting for around 41.2% revenue share in 2024 and is expected to grow at a CAGR of over 5.6% through 2034.
Based on end use industry, the liquid membrane market is divided into residential construction, commercial construction, industrial construction and infrastructure and public works. Residential construction segment dominated the market, accounting for around 31.5% share in 2024 and is expected to grow at a CAGR of over 6.7% through 2034.
Based on technology, the liquid membrane market is divided into application technology, curing technology and performance technology. The application technology segment dominated the market, accounting for around 54.2% share in 2024 and is expected to grow at a CAGR of over 5.6% through 2034.
With over 82% market share U.S. is leading the liquid membrane market that is valued at USD 1.8 billion in 2024.
The liquid membrane market in the Germany is expected to experience significant and promising growth from 2025 to 2034.
The Chinese market for liquid membrane is expected to experience significant growth from 2025 to 2034.
The liquid membrane market in Brazil is growing moderately but steadily with the main growth being instigated by the increase in size of the food processing industry and the increased demand of high protein functional ingredients.
The liquid membrane market in the UAE is witnessing steady growth, primarily driven by the country’s heavy reliance on food imports, diverse population demographics, and a growing demand for healthier dietary choices.
Liquid Membrane Market Share
In the liquid membrane industry, the top five companies Sika AG, BASF SE, Tremco Incorporated, Carlisle Companies Inc., and Soprema Group, have nearly 55% of the worldwide market share by 2024. These companies have leadership based on being able to formulate in advanced ways, having manufacturing presence regionally and having deep integrations to commercial, industrial and civil infrastructure schemes.
Liquid Membrane Market Companies
Major players operating in the liquid membrane industry are:
BASF SE: Being one of the largest companies in the liquid-applied membrane sector on a worldwide level, BASF SE operates under the Master Builders Solutions brand portfolio. The company is known in the market by its MasterSeal waterproofing systems, and the company operates in the premium area of the value chain of liquid membranes and focuses on large infrastructure and commercial real estate. The company focuses on the high-performance hybrid polyurethanes and modified-bitumen liquid membranes that satisfy performance requirements in a variety of climates and geotechnical conditions. The U.S. and German R&D divisions also help it in creation of new polymer formulations to change the elongation, UV resistance, and ecological-safety advantages.
Tremco Incorporated (RPM International): Tremco Incorporated is a very concentrated manufacturer of liquid applied waterproofing systems at the commercial level of construction. Being a unit of the RPM International, it enjoys cross-segment synergies with the other RPM brands in sealants, coatings, and building envelope technologies. Its hall mark systems are known to be widely used in podium decks, balconies, green roofs and heavy traffic vehicular decks. The competitive advantage of Tremco is backed by its architectural specification network in the North American market as well as its consulting methodology of system design. The company has done significant progress in integration of bio-based content, solvent-free chemistry and energy-efficiency in application technologies.
Tremco Incorporated (RPM International): Tremco Incorporated is a very specialized provider of liquid-applied waterproofing systems in the commercial construction industry. Being a subsidiary of RPM International it enjoys cross-segment synergy with the other RPM brands in sealants, coatings and building envelope technologies. Its flagship products are highly embraced on the podium decks, balconies, green decks and traffic-heavy vehicular decks. Tremco possesses its competitive advantage over other manufacturers due to a robust network of architectural specifications in North America and consultative nature of its system design.
Carlisle Companies Inc.: The Carlisle Company through its subsidiary Carlisle Coatings & Waterproofing (CCW) is a leader in North America in liquid membranes market especially commercial roofing and foundation waterproofing markets. The company product is divided into cold applied, hot applied and fluid applied membranes, and increasing focus on low-VOC and LEED compliant materials. The late 2024 take-over of Plasti-Fab at around USD 259.5 million has brought this upstream integration of EPS-based insulation in times of concentrating the membrane systems of Carlisle with energy efficient solutions of building envelopes. In addition, partnership between Henry Company and Hunter Panels that occurred in the last few years has added to the capacity of CCW to provide complete system solutions.
Soprema Group: Soprema Group is a leading European headquarters company covering the whole waterproofing and roofing business, with expanding presence in the liquid membrane market under its ALSAN and SOPRALENE brands. It bases its competitive strategy on a hybrid technique in the use of bituminous, polyurethane, and PMMA liquid membrane technology in the low-slope roofing systems, below the grade, and civil engineering. Soprema has also been building good environmental credentials by having incorporated ECO3 smog reducing granules and solvent free resins in much of their systems.
Liquid Membrane Industry News:
The liquid membrane market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (kilo tons) from 2021 - 2034 for the following segments:
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Market, By Product Type
Market, By Application
Market, By End Use Industry
Market, By Technology
The above information is provided for the following regions and countries: