The market for waterproofing membranes is expected to grow at a CAGR of around 6.4% from 2020 to 2027 and expected to reach the market value of around US$ 50.8 Bn by 2027.
Waterproofing Membranes is a thin layer of water-tight material that is placed over a surface in a continuous layer to restrict the water to pass through it. The waterproofing membrane is composed of thin layers of waterproof material. These are ideally strong, flexible, tear-resistant, and elastic so that they can stretch to cover cracks and also move with the building. Moreover, if the membrane is likely to be disposed to the sun then it should be UV stable. Additionally, it should also be flexible enough to take shape according to the desired surface. Additionally, there are two types of membrane available in the market including sheet-based and liquid-based.
The growing demand for waterproofing membranes from the waste and water management sector, as well as the increasing development of water conservation infrastructure, is driving the market growth. Waterproofing membranes have a wide range of applications across roofs, retaining walls, wet rooms, water, and sewage treatment plants, building foundations, and tunnels. The increasing need for improved infrastructure due to the rapidly increasing population especially in the APAC region is contributing to the increased demand for waterproofing membrane in the market. Furthermore, rising consumer consciousness regarding the product advantages, along with the adoption of new materials, such as geomembranes is projected to create potential growth over the forecast period from 2020 to 2027.
On the other hand, the risk associated with the waterproofing chemicals to human health and the environment is likely to restrict the growth over the forecast period from 2020 to 2027.
Covid-19 Impact on the Global Waterproofing Membranes Market
The worldwide spread of the coronavirus has disrupted the supply chain across the globe, as well as industrial activities, have also slowed down due to the nationwide lockdowns and halt on construction activities. The need for social distancing has badly affected the working of almost every industry verticals as in turn the demand for waterproofing membranes has also affected negatively.
Segment Instance of Global Waterproofing Membranes Market
Liquid-applied Membranes segment registered maximum revenue share in the global market
Based on type, the liquid-applied membranes segment is leading the market with a major revenue share (%) in 2019. The liquid-applied membranes encompass cementitious, bituminous, polyurethane, acrylic, and other materials.
Roofing segment registered maximum revenue share in the waterproofing membranes market
Based on application, the roofing segment is leading the market with the maximum revenue share owing to its usage in most of the new construction as well as in the renovations of the old ones. The use of a waterproof membrane in the roof acts as a shield against the seepage of water onto the roof. The rising awareness about the product as well as increasing spending on the construction of the infrastructure is further propelling the segmental market value.
Asia Pacific accounted for the maximum revenue share in the global market
In 2019, Asia Pacific accounted for the maximum revenue share in terms of revenue due to its rapidly developing economies and expanding population. The need for infrastructure is increasing with the increasing population base and developing construction sector which is bolstering the demand and usage of waterproofing membranes across the globe.
Key Market Players
The players profiled in the report include Alchimica Building Chemicals, BASF SE, Bayer MaterialScience AG, CICO Technologies Ltd., Fosroc Ltd., GAF Materials Corporation, GAF Materials Corporation, Isomat S.A., Kemper System America, Inc., Maris Polymers, and Paul Bauder GmbH & Co. KG.
Market By Product
Polymer modified cement
Market By Type
Market By Application
Waste & water management
The market for waterproofing membranes is expected to reach a market value of around US$ 50.8 Bn by 2027.
The waterproofing membranes market is expected to grow at a CAGR of around 6.4% from 2020 to 2027.
Liquid-applied Membranes is the leading segment by type in the waterproofing membranes market
The growing demand for waterproofing membranes from the waste and water management sector, increasing development of water conservation infrastructure, waterproofing membranes has a wide range of application across roofs, retaining walls, wet rooms, water and sewage treatment plants, building foundations, and tunnels are some of the factors driving the market growth.
Alchimica Building Chemicals, BASF SE, Bayer MaterialScience AG, CICO Technologies Ltd., Fosroc Ltd., GAF Materials Corporation, GAF Materials Corporation, Isomat S.A., Kemper System America, Inc., Maris Polymers, and Paul Bauder GmbH & Co. KG. are the prominent players in the market.
Asia Pacific held the highest market share in the waterproofing membranes market
Asia Pacific is expected to be the fastest growing market over the forecast period