Waterproofing Membrane 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, 2019 – 2026
Published Date: Nov 2019 | Report ID: GMI173 | Authors: Kunal Ahuja, Kritika Mamtani
Excellent suitability for wall protection to drive waterproofing membrane demand
Waterproofing Membranes Market size was over USD 7.5 billion globally in 2018 and is estimated to grow over 7.5% CAGR between 2019 and 2026.
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Waterproofing membranes are materials placed in a thin layer over another material to prevent contact with water. These products prevent water infiltration or leakage, impart tear resistance, a degree of strength, resistance to differential movement and flexibility, which should boost industry growth. They consist of waterproof rubber, coated-fabric materials or plastic, and are routinely used to prevent water seepage in roofs, foundations, basements, walls, buildings, structures and walls which should stimulate market growth.
These membranes help prevent various construction industry challenges caused by dampness such as softening & crumbling of plasters, efflorescence, deterioration of electrical fittings and corrosion of metals. They are primarily applied on walls to avoid water penetration from cracks & porosity and subsequent infrastructural damage. The construction industry is undergoing significant technological advancement which should stimulate the market demand for waterproofing materials to protect structural integrity.
ASTM standard D7832 / D7832M – 14 states the minimum performance attributes for waterproofing membranes for use in vertical surfaces and below-grade walls. This guide states that these membranes should remain watertight throughout the building life even in the presence of a moist environment or hydrostatic pressure. This guide lists various test methods to determine that laminated or reinforced membranes give acceptable performance.
|Base Year:||2018||Market Size in 2018:||7.67 billion (USD)|
|Historical Data for:||2015 to 2018||Forecast Period:||2019 to 2026|
|Forecast Period 2019 to 2026 CAGR:||7.5%||2026 Value Projection:||14 Billion (USD)|
|Pages:||430||Tables, Charts & Figures:||532|
|Geographies covered (31):||U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Belgium, Netherlands, Luxembourg, Russia, Austria, Czech Republic, Poland, China, India, Japan, Taiwan, South Korea, Thailand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Australia, Brazil, Saudi Arabia, UAE, South Africa|
|Segments covered:||Application, End-Use & Product|
|Companies covered (21):||Carlisle Companies, Inc., Asia Mortar, EP Borneo Sdn Bhd., Tremco, Inc., Fair Mate, Polymer Technologies Pte. Ltd., Pentens Ind. Corp., Oriental Yuhong, Kangnam Chemical Co. Pvt. Ltd., Samhwa Paints Industrial Co. Ltd., KCC Corporation, Dyflex HD Co. Ltd., Maris Polymer, Uniseal, Inter Aneka Lestari Kimia, PT, BASF SE, Covestro (Bayer AG), Dow Chemical Company, Fosroc Ltd., Pidilite Industries Ltd., Sika AG|
|Pitfalls & Challenges:||
Properties such as high durability and chemical resistance to trigger demand for polymer based waterproofing membrane
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The waterproofing membrane industry is segmented based on product into polymers, bitumen and polymer modified cement. Polyvinyl chloride (PVC) polymer membrane is a roofing material produced from flexible and high-quality polyvinyl chloride. It offers high resistance to root penetration, low temperature, running water and bursting which should stimulate market growth. It is widely used in waterproofing foundations, damp screens, artificial tunnels and vacuum systems which should create various opportunities for the market.
Thermoplastic Polyolefin (TPO) polymer waterproofing membrane is a reflective, single-ply roofing membrane produced by the polymerization of ethylene-propylene rubber and polypropylene. It lacks any hazardous or toxic ingredients which makes it environment-friendly and its high heat-reflective nature improves energy efficiency, which should accelerate industry growth. This product is ideal for waterproofing flat roofs, water treatment tanks, basements, tunnels and water tanks which will boost the market size.
Polyurethane polymer membranes are a group of durable, liquid waterproofing solutions produced from polyurethane resins. They are well-suited for roofs, parking decks, wet areas, decorative waterproofing, pedestrian decks, and water tanks which is driving the market. The products offer ease of installation, seamless finish, weather & UV resistance, wear resistance, durability and resistance to battery acid, fuels & alkaline cleaners which has created various market opportunities.
High elongation capacity to boost demand for liquid applied waterproofing membrane
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The waterproofing membrane industry is bifurcated into liquid applied membranes and sheet membranes based on methods of its application. Liquid applied waterproofing membranes are employed by roller, brush or sprayed onto concrete surfaces to form rubbery, elastic membranes on curing. They have excellent mechanical & physical properties, tensile strength 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 market trends.
Liquid applied membranes have the capability to deal with structural movements in concrete and offer high puncture resistance which allows the building of gardens, landscaping, pavers or ballast over them without any structural damage. These products are simpler to apply, completely eliminate the chances of water seepage compared to other membranes and allow overlapped application with layers applied a day prior, thus creating opportunities for the market demand.
Liquid applied waterproofing membranes offer optimized performance, longevity, flexibility, and chemical & abrasion resistance. The application of these membranes does not delay other operations on the site as the membrane dries rapidly. It forms a protective vapor barrier system when applied over concrete surfaces thus improving their strength, prevents degradation and saves labor cost, thereby stimulating market demand.
Roofing end-use segment to augment waterproofing membrane demand
Based on end-use, the market is segmented into roofing, walls, building structures, and landfills & tunnels. These products offer ideal roofing solutions pertaining to their elongation, tear strength, resistance to heat aging, weathering, UV rays, ozone, solvents, acids & alkalis, and excellent tensile strength. It adheres firmly to various building materials such as brick & concrete and bridges cracks which is driving the market size.
Waterproofing membranes form a shield against the seepage of water on the roof thus forming the main component of roofing systems. They protect the roof from the adverse effects of water seepage such as differential movement caused by thermal differences between wet & dry areas, and acid damage from evaporating rainwater. These membranes are superior to conventional flat roofing methods based on gravel & asphalt which are hard to seal and leak within a few years which should trigger market growth.
North America to remain an attractive destination for waterproofing membrane demand
The North America waterproofing membrane market size should register over 6% gains by 2026. These membranes play a vital role in preventing leaks in reservoirs, tanks and dams, which makes them ideal for waste & water management facilities. They prevent chemical damage in wastewater sedimentation tanks caused by aggressive waste which may lead to leaks or structural damage. Stringent regulatory framework to control wastewater discharge from industrial sources such as power and oil & gas industries should boost market growth.
Waterproofing membranes find extensive usage on the internal faces of concrete aeration basins of wastewater facilities. Their high crack-bridging capabilities, resistance to sewage and impenetrability to water forms a flexible, seamless layer. These products reduce the risk of contaminated effluents leaking from cracks in wastewater tanks which may lead to serious environmental or health hazards. Resurgence of manufacturing sector in the region has increased the requirement of wastewater treatment to ensure regulatory compliance which should accelerate market growth.
Strategic acquisitions among market players to expand product portfolio
The global market share is moderately consolidated and includes various companies such as Dow Chemical, BASF, Silk AG, DuPont, Covestro, Pidilite, Fosroc, CICO Technologies, W.R. Meadows, Soprema Group, Johns Manville, Synergies, Cangzhou Jiansheng Building Waterproof Material, and Fairmate Chemicals. Market leaders are engaged in strategic acquisitions to expand their distribution network and achieve market growth.
In August 2018, civil engineering & waterproofing solutions provider Soprema Group acquired DERBIGUM Americas, a North American roofing systems manufacturer. This acquisition expanded Soprema’s product portfolio of roofing solutions and entrusts it with production capabilities of APP-modified bitumen. This acquisition furthers the company’s ambition of achieving market leadership in the production of engineered roofing solutions.
The waterproofing membrane market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in million square meters & revenue in USD from 2015 to 2026 for the following segments:
Waterproofing Membranes Market, By Product
- Polyvinyl chloride (PVC)
- Thermoplastic olefin (TPO)
- Ethylene Propylene Diene Monomer (EPDM)
- Styrene Butadiene Styrene (SBS)
- Atactic Polypropylene (APP)
- Polymer modified cement
Waterproofing Membranes Market, By Application
- Liquid Applied Membranes
- Sheet Membranes
Market Forecast By End-Use
- Building Structures
- Landfills & tunnels
The above information has been provided for the following regions and countries:
- North America
- Czech Republic
- Asia Pacific
- South Korea
- Latin America (LATAM)
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
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