Global Waterproofing Membranes Market Size, Share, and COVID-19 Impact Analysis, By Product (Liquid Applied Membranes and Sheet Membranes), By Application (Roofing, Walls, Building Structure, Tunnel & Landfills, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Waterproofing Membranes Market Insights Forecasts to 2033

• The Global Waterproofing Membranes Market Size was Estimated at USD 23.85 Billion in 2023
• The Global Waterproofing Membranes Market Size is Expected to Grow at a CAGR of around 8.38% from 2023 to 2033
• The Worldwide Waterproofing Membranes Market Size is Expected to Reach USD 53.35 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Waterproofing Membranes Market Size is projected to reach USD 53.35 Billion by 2033, Growing at a CAGR of 8.38% from 2023 to 2033. The widespread application of waterproofing membranes, adoption of new materials like geo membranes, and development of water conservation infrastructure are driving the market for waterproofing membranes.

Market Overview

The waterproofing membranes market refers to the industry selling materials for preventing water from damaging structures. Waterproofing membrane is a layer of water-tight material that lies on a surface to prevent water leaks or damage. These membranes can be made of coated fabric, rubber, or waterproof plastic. When constructed properly, the materials are part of a system that keeps water from seeping into basements, walls, roofs, foundations, buildings, and other structures. The process usually consists of liquid-applies or pre-formed sheet membranes. It can be used on the exterior of a building, in basements, tunnels, water tanks, and canals. The product's use is anticipated to grow in the upcoming years due to a number of factors, including low manufacturing costs and an increase in mining activity in different countries. Additionally, the wastewater management market's upward trend is probably going to increase demand for the product. For usage in environmentally friendly building projects that incorporate green roofs and green buildings, manufacturers are increasingly certifying their products as green, which is responsible for bolstering lucrative market growth opportunities for waterproofing membranes.

Report Coverage

This research report categorizes the waterproofing membranes market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the waterproofing membranes market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the waterproofing membranes market.

Driving Factors 

The increasing need for waterproofing membranes from the waste and water management sector along with the surging development in water conservation infrastructure is propelling the waterproofing membranes market. The upsurging need for water conservation, transportation, and treatment owing to the uneven distribution of water precipitation leads to drive the market demand. The economic development, increasing urbanization, and industrialization in emerging economies also lead to propel the market for waterproofing membranes. Additionally, increasing investments to build infrastructure are driving the consumption of waterproofing membranes, thereby promoting market growth.

Restraining Factors

The human health risk factors and environmental factors owing to the use of waterproofing chemicals are responsible for restraining the waterproofing membranes market.

Market Segmentation

The global waterproofing membranes market share is classified into product and application.

• The liquid applied membranes segment dominated the market with the largest revenue share of more than 64.1% in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product, the waterproofing membranes market is classified into liquid applied membranes and sheet membranes. Among these, the liquid applied membranes segment dominated the market with the largest revenue share of more than 64.1% in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Liquid applied waterproofing membrane involves application of liquid to a surface to prevent water intrusion. The rising awareness about product advantages and infrastructural development in terms of water conservation & treatment is propelling the market in the liquid applied membrane segment.

• The roofing segment dominated the market with the largest revenue share of 37.9% in 2023 and is anticipated to grow at a significant CAGR through the forecast timeframe.

Based on the application, the waterproofing membranes market is classified into roofing, walls, building structure, tunnel & landfills, and others. Among these, the roofing segment dominated the market with the largest revenue share of 37.9% in 2023 and is anticipated to grow at a significant CAGR through the forecast timeframe. Bituminous membranes are frequently utilized in roofing applications because of their affordability and longevity. The growing need for sheet membranes for roofs owing to the increased exposure to rainwater and environmental moisture is driving the market in the roofing application segment.

Regional Segment Analysis of the Waterproofing Membranes Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the waterproofing membranes market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the waterproofing membranes market over the predicted timeframe. The rapid industrialization along with the expanding infrastructure, especially in China and India are responsible for propelling the waterproofing membranes market. Additionally, the growing waste management and roofing sectors as well as the usage of waterproofing membranes in mining application are propelling regional expansion. Government led initiatives for smart city development contributing to promote the waterproofing membranes market.

North America is expected to grow at the fastest CAGR growth of the waterproofing membranes market during the forecast period. The increase in building projects in Canada and Mexico as well as increased investment in warehouse construction for the retail, healthcare, and automotive application sectors that need waterproofing solutions are propelling the market in the region. In addition, the snowfall in the region exacerbates water leaks and can cause structural damage which positively influencing the sales of waterproof membranes, thereby driving the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the waterproofing membranes market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• BASF SE
• Kemper System America, Inc.
• Sika
• Tremco
• Soprema
• GAF Materials Corporation
• Fosroc Ltd
• GCP applies technologies
• Mapei
• Paul Bauder GmbH & Co. KG
• CICO Technologies Ltd.
• GAF Materials Corporation
• Alchimica Building Chemicals
• Maris Polymers
• Isomat S.A.
• Bayer MaterialScience AG
• Johns Manville
• Carlisle Construction Company
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, France-based Saint-Gobain acquired Matchem in Brazil and started exclusive negotiations to acquire IDP Chemicals in Egypt via its Chryso subsidiary. Both transactions are intended to strengthen the company’s presence in the construction chemicals market with a focus on concrete admixtures.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the waterproofing membranes market based on the below-mentioned segments:

Global Waterproofing Membranes Market, By Product

• Liquid Applied Membranes
• Sheet Membranes

Global Waterproofing Membranes Market, By Application

• Roofing
• Walls
• Building Structure
• Tunnel & Landfills
• Others

Global Waterproofing Membranes Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa