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Waterproofing Membranes Market Size By Application (Sheet Membranes, Liquid Applied Membranes), By End-Use (Building Structures, Roofing, Walls, Landfills & Tunnels), By Product (Polymers [PVC, TPO, EPDM, Polyurethane], Polymer Modified Cement, Bitumen [SBS, APP]), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI173
  • Published Date: Apr 2021
  • Report Format: PDF

Industry Trends

Waterproofing Membrane Market size was over USD 8.5 billion globally in 2020 and is estimated to grow over 6.5% CAGR between 2021 and 2027. Growing construction of energy efficient buildings to meet stringent government regulations along with rapid growth of commercial construction industry is projected to boost the industry growth.

Waterproofing membranes offer excellent suitability for wall protection as the materials placed in a thin layer over another material prevent contact with water. These products impart tear resistance, prevent water leakage or infiltration, offer a degree of strength, resistance to differential movement and flexibility thereby offering durability to the building structures. Waterproofing membranes consist of coated-fabric materials or plastic, waterproof rubber and are routinely used to prevent water seepage in buildings structures, foundations, roofs, basements and walls.

Waterproofing Membrane Market Outlook

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The waterproofing membranes prevent a range of construction industry challenges such as deterioration of electrical fittings, softening & crumbling of plasters, corrosion of metals. Waterproofing membranes are applied as a slurry or paste to the surface providing a water-impermeable, flexible protective film. Waterproofing membranes when applied on walls prevents water penetration and subsequent infrastructural damage thereby protecting walls and floors in basements, balconies, terraces and even swimming pool against water and humidity.

Government initiatives for infrastructural development in China, Japan, India, Thailand and Malaysia should stimulate the waterproofing membrane market growth. Economic growth across the globe in China, India, and the Southeast Asian markets has raised the demand for better infrastructure. Singapore and China are the most favorable countries, which have a potential for construction projects. An increase in government spending for residential and non-residential projects along with a rise in competition from competitors may boost regional growth.

Improved durability and chemical resistance offered by polymer based waterproofing membrane to trigger product demand

Polymer Waterproofing Membrane Market

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The waterproofing membrane market report is categorized based on product into bitumen, polymers and polymer modified cement. Polymers accounted for over 45% of market share in global the market on account of enhanced properties such as flexibility, UV resistance and high flow rate. Rising popularity of TPO in energy efficient roofing systems should promote waterproofing polymers demand over the projected timeframe.

Polyvinyl chloride (PVC) polymer membrane is produced from high-quality and flexible polyvinyl chloride. It offers high resistance to running water and bursting, root penetration, low temperature. It is widely used in damp screens, waterproofing foundations, artificial tunnels and vacuum systems that offer a range of opportunities for market growth.

EPDM is a durable synthetic rubber roofing membrane used in low sloping buildings mainly in the U.S. Increasing consumer awareness related to product quality has a positive influence on waterproofing membrane market share.

Thermoplastic polyolefin (TPO) roofing membranes are the fastest growing commercial roofing products and have wide acceptance in various industries. Increasing energy efficient and heat reflective roofing systems will give opportunities to increase TPO roofing membranes usage as they provide exceptional resistance to UV, chemical exposure and ozone.

Longer shelf life and cost-effectiveness to boost demand for liquid applied waterproofing membrane

  Waterproofing Membrane Market by Liquid Applied Membranes  

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Based on the application, it is segmented into sheet applied membrane and liquid applied membranes based on methods of its application. Liquid applied membranes are projected to witness CAGR of over 7% during the projected period and are formulated to provide moisture protection and offer a monolithic, seamless fluid membrane.

Liquid applied membranes are applied using their adhesive properties and the strong bond with most surfaces and employed by brush, roller or sprayed onto concrete surfaces to form elastic membranes on curing. They have excellent tensile strength, physical & mechanical properties and elongation capacity. Their high resilience and toughness allow them to bridge shrinkage and structural cracks in concrete which will have positive impact on the waterproofing membrane market trends.

Roofing end-use segment to augment waterproofing membrane demand  

   Waterproofing Membrane Market by End Use

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Based on end-use, the market is segmented into walls, roofing, landfills & tunnels and building structures. Roofing is the major application segment accounting for around USD 2.5 billion in 2020. These products offer ideal roofing solutions pertaining to their rear strength, elongation, resistance to heat aging, UV rays, weathering, ozone, acids & alkalis, solvents, and excellent tensile strength. The products offer firm adherence to a range of building materials including concrete and brick, and bridge cracks.

Waterproofing membranes form the main component of roofing systems as the product form a shield against the seepage of water on the roof. They also shield the roof from the adverse effects of acid damage from evaporating rainwater and water seepage which should trigger the waterproofing membrane market revenue over the forecast period.

North America accounted for the major share in product market

The North American should register over 6% gains by 2027 owing to rising demand to prevent leaks in tanks, water reservoirs and dams, which makes them ideal for water management facilities. In addition, when used in wastewater sedimentation tanks, these membranes prevent chemical damages caused by aggressive waste which can lead to leakages as well as structural damage. Stringent government regulations related to wastewater discharge from industrial sources across the region should boost the waterproofing membrane market growth over the projected timeframe.

North America waterproofing membrane market is dominated by mining and construction industry. Increasing consumer spending and availability of financial support in the form of bank loans along with fewer vacancies and increasing rents are contributing factors towards construction market in this region thereby having positive influence on waterproofing membrane product market demand. Rise in government investments in public works such as bridges, tunnels, manufacturing plants and institutes particularly in U.S may act as a driving factor for waterproofing membrane product market size.

Strategic acquisitions among market players to expand product portfolio

The waterproofing membrane industry share is moderately consolidated and includes various companies such as BASF, Dow Chemical, Johns Manville, Silk AG, Covestro, DuPont, Pidilite, Fosroc, W.R. Meadows, Synergies, CICO Technologies, Soprema Group, Fairmate Chemicals, Cangzhou Jiansheng Building Waterproof Material. Market leaders are engaged in mergers and strategic acquisitions to expand their market share, distribution network and achieve market growth.

In February 2017, Sika acquired Bitbau Dorr a waterproofing system manufacturer. This acquisition benefits the company from growth opportunities resulting from expanded distribution channels and enhances its customer base. The product portfolio includes complete waterproofing systems for roofs and building structure applications.

The waterproofing membrane market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meters & revenue in USD million from 2016 to 2027 for the following segments:

By Product

  • Polymers

    • Polyvinyl chloride (PVC)
    • Thermoplastic olefin (TPO)
    • Ethylene Propylene Diene Monomer (EPDM)
    • Polyurethane
    • Others
  • Bitumen
    • Styrene Butadiene Styrene (SBS)
    • Atactic Polypropylene (APP)
  • Polymer modified cement
  • Others

By Application

  • Liquid Applied Membranes
  • Sheet Membranes

By End-Use

  • Roofing
  • Walls
  • Building Structures
  • Landfills & tunnels
  • Others

The above information has been provided for the following regions and countries:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Belgium
    • Netherlands
    • Luxembourg
    • Russia
    • Austria
    • Czech Republic
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Thailand
    • Malaysia
    • Singapore
    • Philippines
    • Vietnam
    • Indonesia
    • Australia
  • Latin America (LATAM)
    • Brazil
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • UAE
  • Africa
    • South Africa
Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The waterproofing membrane market share was valued at more than USD 8.5 billion in 2020 and will grow at a CAGR of 6.5% from 2021 to 2027.

Polymers held 45% of the total market revenue and will grow due to improved properties such as UV resistance, high flow rate, and flexibility.

Liquid application membrane value will expand at a CAGR of 7% over 2021-2027, driven by the product’s excellent tensile strength, elongation capacity, and physical & mechanical properties.

North America revenue will register 6% gains between 2021 and 2027 on account of an upsurge in the demand for the prevention of leaks in water reservoirs, tanks, and dams.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 21
  • Tables & Figures: 532
  • Countries covered: 31
  • Pages: 430

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