The Global Waterproofing Membranes Market Size accounted for USD 36,213 Million in 2021 and is estimated to achieve a market size of USD 62,587 Million by 2030 growing at a CAGR of 6.4% from 2022 to 2030. Rising urbanization, industrialization, and economic expansion in emerging economies are all factors driving the waterproofing membranes market growth. Furthermore, increased infrastructure investments and growing consumer awareness of product benefits, as well as the adoption of innovative materials such as geomembranes, are predicted to drive the waterproofing membranes market share over the forecast period.
Waterproofing Membranes Market Report Key Highlights
A waterproofing Membrane 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. Also, there are two types of membranes available in the market sheet-based and liquid-based.
Global Waterproofing Membranes Market Dynamics
Waterproofing Membranes Market Report Coverage
|Market||Waterproofing Membranes Market|
|Waterproofing Membranes Market Size 2021||USD 36,213 Million|
|Waterproofing Membranes Market Forecast 2030||USD 62,587 Million|
|Waterproofing Membranes Market CAGR During 2022 - 2030||6.4%|
|Waterproofing Membranes Market Analysis Period||2018 - 2030|
|Waterproofing Membranes Market Base Year||2021|
|Waterproofing Membranes Market Forecast Data||2022 - 2030|
|Segments Covered||By Product, By Type, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Alchimica Building Chemicals, BASF SE, Bayer MaterialScience AG, CICO Technologies Ltd., Fosroc Ltd., GAF Materials Corporation, Isomat S.A., Kemper System America, Inc., Maris Polymers, and Paul Bauder GmbH & Co. KG.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
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 waterproofing membranes market size. 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 membranes in the waterproofing membranes market value. Furthermore, rising consumer consciousness regarding product advantages, along with the adoption of new materials, such as geomembranes is projected to create potential growth over the forecast period from 2022 to 2030.
On the other hand, the risk associated with the waterproofing chemicals to human health and the environment is likely to restrict growth over the forecast period from 2022 to 2030.
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 vertical as in turn the demand for waterproofing membranes has also been affected negatively.
Waterproofing Membranes Market Segmentation
The global waterproofing membranes market segmentation is based on product, type, application, and geography.
Waterproofing Membranes Market By Product
In terms of product, the polymers segment is predicted to hold considerable market shares in 2021. This expansion is attributed to the polymer being an excellent choice for roofing due to its longevity, low cost, high-grade waterproofing, and ease of availability. Furthermore, in the polymer section, polyvinylchloride (PVC) membranes are commonly employed.
Waterproofing Membranes Market By Type
According to the waterproofing membranes industry analysis, the liquid-applied membranes segment will dominate the market in 2021 with a significant revenue share. The liquid-applied membranes encompass cementitious, bituminous, polyurethane, acrylic, and other materials.
Waterproofing Membranes Market By Application
According to the waterproofing membranes market forecast, the roofing segment will gather a significant revenue share over the forecasted years. This growth is due to its use in the majority of new construction as well as restorations of existing structures. 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.
Waterproofing Membranes Market Regional Outlook
The Middle East & Africa (MEA)
Asia-Pacific Accounted For The Maximum Revenue Share In The Global Market
In 2021, 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.
Waterproofing Membranes Market Players
Some of the top waterproofing membranes market companies offered in the professional report include Alchimica Building Chemicals, BASF SE, Bayer MaterialScience AG, CICO Technologies Ltd., Fosroc Ltd., GAF Materials Corporation, Isomat S.A., Kemper System America, Inc., Maris Polymers, and Paul Bauder GmbH & Co. KG.
The estimated value of global waterproofing membranes market in 2021 was accounted to be USD 36,213 Million.
The projected CAGR waterproofing membranes market during the analysis period of 2022 to 2030 is 6.4%.
The prominent players of the global waterproofing membranes market are Alchimica Building Chemicals, BASF SE, Bayer MaterialScience AG, CICO Technologies Ltd., Fosroc Ltd., GAF Materials Corporation, Isomat S.A., Kemper System America, Inc., Maris Polymers, and Paul Bauder GmbH & Co. KG.
Asia-Pacific held the dominating waterproofing membranes during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for waterproofing membranes during the analysis period of 2022 to 2030.
Rapid urbanization and industrialization, and rising infrastructure development in developing countries, drives the growth of global waterproofing membranes market.
Based on application, roofing segment is expected to hold the maximum share waterproofing membranes market.