Waterproofing Membrane Market Size

Waterproofing Membrane Market Size

Waterproofing Membrane Market size valued at USD 8 billion in 2022 and is projected to expand at 7% CAGR between 2023 and 2032.  Growing concerns associated with waste and wastewater management will propel the demand for waterproofing membrane products.

Improper management of wastewater can release toxic compounds into the air which can have adverse impacts on the environment. Poor sanitation and accumulation of contaminated water are also responsible for causing diseases such as diarrhea, hepatitis A, cholera, polio, and typhoid.
 

Waterborne diseases are a huge burden for underdeveloped and developing economies. According to the World Health Organization (WHO), approximately 829,000 individuals die from diarrhea each year. Public agencies are emphasizing the need for proper sanitation and treatment of drinking water to prevent death caused by waterborne diseases in young children. With an increasing focus on water treatment, the demand for waterproofing membranes is anticipated to soar in the coming years.

Fluctuating raw material prices may hinder business prospects for the waterproofing membrane market. Challenges associated with the supply chain along with the shortage of raw materials have resulted in high costs of procurement of materials such as PVC and asphalt. Nonetheless, new technological advancements are enabling the introduction of innovative affordable coating products that could help the industry address these current challenges.