Waterproofing Membrane Market size worth over $13.5 billion by 2027
Published Date: April 22, 2021 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights, Inc., the Waterproofing Membrane Market size is set to surpass USD 13.5 billion by 2027.
Waterproofing membranes are thin-layered materials laid over a wall, roof, building structures, landfills or tunnel surface to protect it from water. These membranes are increasingly used to protect the structural integrity of the concrete. Increasing investment in residential and non-residential construction segment in Europe is projected to boost the waterproofing membrane market share over the forecast period.
Price volatility of bitumen as a raw material is projected to have major impact on supply-demand gap of bitumen based waterproofing membrane
Polypropylene and bitumen are key raw materials used in manufacturing waterproofing membranes. The global bitumen-based products witnessed a consumption of over 1 billion sq. mts in 2020. Bitumen price volatility will contribute supply demand gap, as it is used for various other applications.
Bitumen has two grades, APP butadiene and SBS bitumen. SBS based membranes offer high and enhanced binding properties in comparison to APP based counterparts and are quick to install which is projected to fuel SBS bitumen based waterproofing membrane market growth.
APP modified bitumen is a plastic asphalt and provides superior tensile strength while maintaining critical flexibility even in the coldest environments. The advantage of APP membrane includes enhanced bitumen performance by increasing UV resistance as well as it improves flow resistance at high temperatures and increases flexibility at low temperatures is projected to have a positive impact on the waterproofing membrane market sales. Bituminous membranes are used for roofs, walls, parking lots, foundations, balconies, and floors. Additionally, it is applied for reinforced concrete roof waterproofing.
Browse key industry insights spread across 430 pages with 480 market data tables and 52 figures & charts from the report, “Waterproofing Membrane Market 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]), Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Sheet membrane applications are expected to witness significant growth owing to high wear resistance
Sheet membranes are projected to witness a CAGR growth of around 6% over the projected timeframe. These products offer continuous, consistent thickness, ability to bond to most surfaces, strong adhesive features and excellent toughness when used in structural slabs, hospitals, tunnels, office construction, bridges, schools and commercial projects. Increasing applications of sheet membranes for waterproofing tiled surfaces such as bathrooms and showers are expected to create significant opportunities for the waterproofing membrane market during projected period.
In addition, increasing sheet membrane usage in beneath kitchens, below-grade foundations & walls, toilet facilities, mechanical rooms and shower pans, thick set mortar should trigger market growth. These products offer a wide range of benefits such as high weather tolerance, wear & puncture resistance, easy application and long-term protection. These membranes are environment-friendly, UV stable and recyclable and chemical resistant, thus ensuring long-lasting protection.
Rapid industrialization leading to increase in infrastructural development should favor product market demand in tunnel & landfills
A waterproofing membrane is ideally used in building structures, roofing, landfills & tunnels, and walls. The market size from landfills & tunnels segment should register over 6% gains by 2027. These membranes are used in landfills & tunnel applications in buildings, rails, roads, water tunnels, and metros. Rapid industrialization in Europe, Asia Pacific, and North America should drive the waterproofing membrane market share for tunnel applications.
These membranes establish a strong protective layer that maintains a watertight seal for a long time. High flexibility of membranes allows them to deal with temperature variations and structural movements without deterioration or tearing. According to the World Bank estimates over 35% of all waste generated globally is dumped in landfills indicates strong growth opportunities for the waterproofing membrane industry growth.
Waterproofing membranes prevent the penetration of water into underground tunnel structures and ensure the quality and safety of tunnel usage thereby allowing durability and safe operation. In addition, these membranes are resistant to ageing, rotting, swelling, & combustion thereby maintaining tunnel structures. As tunnels have significantly long design lives ranging from 50 years to 150 years thereby stimulating the market growth pertaining to their ability to protect the bearing structure and traffic area from water ingression.
Strong economic growth along with increased construction activities to stimulate product demand from China
China waterproofing membrane market surpassed USD 945 million in 2020. China's sustained demand for residential, industrial, and infrastructural expansion has generated requirement for new construction projects. Strong economic growth along with removal of barriers to foreign investment in India may surge construction industry demand.
Asia Pacific market is dominated by construction and waste & water treatment industry. Rise in household establishment due to migration of rural population in urban areas along with increasing government investments in building infrastructure mainly in China and India should favor construction industry. Positive demographic outlook benefiting construction industry may be a contributing factor towards market growth in this region.
Increasing construction spending in China due to rising residential building and roads and railways construction should drive industry growth over the forecast timeframe. According to China building code, wet areas such as kitchens, drainage pipes, septic tanks and bathrooms should have assured measures for waterproofing with efficient drainage systems. Bituminous and EPDM membrane is widely used in roof waterproofing systems in China owing to good resistance to weathering abrasion and UV rays along with durability and availability.
Waterproofing membrane industry manufacturers are engaged in strategic collaborations to improve their customer offering which should promote industry growth. Key market players emphasize on mergers & acquisitions and product innovations. In addition, major market players such as BASF, Pidilite, and Dow are present across the value chain and captively use raw ingredients for producing different product grades thereby increasing competitive pressure.
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