According to a new report by Expert Market Research titled, “Global Waterproofing Membranes Market Growth, Size, Share, Report and Forecast 2024-2032″, The global waterproofing membranes market size reached around USD 25.24 billion in 2023. Aided by the increasing focus on infrastructure maintenance and renovation, the market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.7% to reach USD 45.87 billion by 2032.
The global waterproofing membranes market is an essential segment within the construction and infrastructure industries, providing critical solutions for protecting structures from water infiltration. Waterproofing membranes are thin layers of water-resistant material applied to surfaces like roofs, walls, basements, and tunnels to prevent water penetration and protect the integrity of buildings and infrastructure. These membranes can be made from a variety of materials, including bitumen, PVC, EPDM, and polyurethane, and are used in both above-ground and below-ground applications. The market for waterproofing membranes is driven by the increasing need for durable and efficient waterproofing solutions, particularly in regions prone to heavy rainfall, flooding, or where construction projects are exposed to moisture over time.
The global waterproofing membranes market growth is closely linked to the booming construction industry, particularly in developing regions where urbanization and infrastructure development are at their peak. The rise in residential, commercial, and industrial construction projects is significantly boosting the market demand for waterproofing membranes, as these projects require reliable water protection solutions to ensure longevity and safety. Moreover, the growing awareness of the importance of water management in construction, driven by environmental concerns and the need to comply with strict building codes and regulations, is further accelerating market expansion. Builders and contractors are increasingly adopting advanced waterproofing technologies to meet these requirements, contributing to the steady growth of the market.
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One of the prominent global waterproofing membranes market trends is the shift towards sustainable and environmentally friendly products. As the construction industry becomes more focused on reducing its environmental impact, there is a growing demand for waterproofing membranes made from eco-friendly materials. These include membranes with low VOC (volatile organic compounds) emissions, recyclable content, and those produced using energy-efficient processes. This trend is driving market development as manufacturers invest in research and development to create innovative products that meet both performance standards and environmental criteria. The push for green building practices and the adoption of LEED (Leadership in Energy and Environmental Design) certification are also influencing the market, as construction projects increasingly require sustainable materials, including waterproofing membranes.
Another significant factor contributing to the global waterproofing membranes market expansion is the increasing focus on infrastructure maintenance and renovation. Aging infrastructure in many developed countries, such as bridges, roads, tunnels, and public buildings, requires significant upgrades and repairs to prevent water damage and extend their service life. Waterproofing membranes play a crucial role in these renovation projects, offering a cost-effective solution to protect and preserve existing structures. The growing market value of renovation and maintenance activities is thus closely tied to the demand for waterproofing membranes, particularly in regions with a significant number of aging structures.
The waterproofing membranes market trends also indicate a rising preference for liquid-applied membranes (LAMs) over traditional sheet membranes. LAMs offer several advantages, including ease of application, seamless coverage, and the ability to conform to complex surfaces and shapes. These characteristics make them particularly suitable for challenging construction environments where traditional membranes may be difficult to install. As a result, the adoption of liquid-applied waterproofing membranes is increasing, driving market growth and prompting manufacturers to expand their product portfolios to include a wider range of LAMs for various applications.
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Technological advancements in waterproofing membranes are also playing a significant role in shaping the waterproofing membranes market demand. Innovations such as self-healing membranes, which can automatically repair minor damages and punctures, and membranes with enhanced durability and resistance to chemicals, UV radiation, and extreme temperatures, are gaining traction in the market. These advanced products offer superior performance and longer lifespans, making them attractive options for both new construction and renovation projects. The market development of these high-performance membranes is further supported by the increasing demand for long-lasting waterproofing solutions that minimize maintenance and repair costs over time.
In terms of regional market trends, Asia-Pacific is expected to lead the global waterproofing membranes market, driven by rapid urbanization, population growth, and the expansion of infrastructure in countries like China, India, and Southeast Asian nations. The region’s construction boom, coupled with government initiatives to improve infrastructure and housing, is creating a substantial demand for waterproofing membranes. Additionally, the focus on flood management and water conservation in these regions is driving the adoption of waterproofing solutions to protect buildings and infrastructure from water-related damage. North America and Europe also represent significant markets, with a strong emphasis on sustainable construction practices and the need to upgrade aging infrastructure contributing to the market’s growth.
The waterproofing membranes market value is expected to continue rising, supported by ongoing construction activities, the increasing need for renovation and maintenance, and the development of innovative, high-performance products. As the construction industry evolves to meet new challenges and standards, the demand for effective waterproofing solutions will remain strong, driving market expansion and providing opportunities for manufacturers to introduce new products and technologies. The global waterproofing membranes market is poised for sustained growth, with a focus on sustainability, performance, and adaptability to diverse construction needs being key drivers of market trends.
Market Segmentation
The global waterproofing membranes market can be divided based on service type, brand category, application, and region.
Market Breakup by Type
• Liquid Applied Membranes
o Cementitious
o Bituminous
o Polyurethane
o Acrylic
o Others
• Sheet Membranes
o Bituminous
o Polyvinyl Chloride (PVC)
o Ethylene Propylene Diene Monomer (EPDM)
o Others
Market Breakup by Application
• Roofing
• Walls
• Building Structure
• Tunnel and Landfills
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global waterproofing membranes market. Some of the major players explored in the report by Expert Market Research are as follows:
• BASF SE
• Dow Inc.
• Kemper System America, Inc.
• Paul Bauder GmbH & Co. KG
• GAF Materials Corporation
• CICO Technologies Ltd.
• Sika AG
• Chengdu Sinomaco Materials Technology Co., Ltd
• Others
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