Global Waterproofing Membrane Market, By Raw Material (Polymers, Bitumen, Polymer modified cement, Others), Type (Liquid Applied Membranes, Sheet Based Membranes), Usage (Refurbishment, New construction), Application (Roofing and Walls, Building Structures, Waste and Water Management, Mining Application, Tunnel Liners, Bridges and Highways, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Over the last few years, the increase in construction activities across industries, primarily in developing economies, can be attributed to the growth of the waterproofing membrane market. The market is also being boosted by rising demand for waterproofing membranes in the waste and water management sectors.
Global Waterproofing Membrane Market was valued at USD 35.31 billion in 2021 and is expected to reach USD 53.78 billion by 2029, registering a CAGR of 3.6% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Raw Material (Polymers, Bitumen, Polymer modified cement, Others), Type (Liquid Applied Membranes, Sheet Based Membranes), Usage (Refurbishment, New construction), Application (Roofing and Walls, Building Structures, Waste and Water Management, Mining Application, Tunnel Liners, Bridges and Highways, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Carlisle Companies Inc. (U.S.), DOW (U.S.), Firestone Building Products Company (U.S.), SOPREMA Group (France), BASF SE (Germany), MBCC Group (Germany), Sika AG (Switzerland), EverGuard TPO Walkway Roll (U.S.), Johns Manville (U.S.), Minerals Technologies Inc. (U.S.), Fosroc, Inc. (U.K.), GCP Applied Technologies, Inc., (U.S.), Mapei S.p.A(Italy), and Renolit SE (Germany)
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Market Opportunities
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Market Definition
Waterproofing membranes provide excellent suitability for wall protection as the materials is placed in a thin layer over another material avoid contact with water. These products exhibit tear resistance avert the water leakage or infiltration; provide a degree of strength, resistance to differential movement and flexibility, thereby providing the strength to the building structures.
Waterproofing membrane Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Various Infrastructural Developments
Infrastructure is the means by which low- and middle-income countries are transformed into emerging or developing ones. Increased infrastructure spending creates a large demand for private and public sector infrastructure developments such as power plants, electricity grids, water supply and treatment plants, roads, railways, airports, bridges, telecommunications networks, schools, and hospitals. The building and construction industries necessitate strong, high-performance materials, lightweight, high-performance, long-lasting, and versatile. Building materials' quality and performance must be extremely consistent; as a result, the demand for waterproofing membranes for infrastructure development is increasing. China, Brazil, India, Southeast Asia, Russia, and other developing economies have enormous potential for developing and improving infrastructure. Waterproofing membrane consumption is expected to rise as these membranes play an important role in improving the overall quality and durability of infrastructure.
Furthermore, the surge in the demand for cost-effective and efficient waterproofing membranes will further propel the growth rate of waterproofing membrane market. Additionally, the growing demand for waterproofing membranes is due to the economic development and the increasing urbanization and industrialization in emerging economies, which will also drive market value growth. The expansion of the automotive industry and the increase in defense budgets are other market growth determinants projected to bolster the market's growth.
Opportunities
- Increased Awareness Regarding Water Disasters and Investments
Furthermore, the rise in the consciousness concern the potential water disasters supporting the application of water management programs further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the increasing investments to build infrastructure will further expand the future growth of the waterproofing membrane market.
Restraints/Challenges
- Impact on Health and Environment
Using waterproofing chemicals or membranes endangers the environment and human health. When used in spray form, waterproofing membranes can be hazardous to the user as well as nearby workers. These chemicals may contain fluorinated compounds, which can cause chemical pneumonitis, lung trauma, and other respiratory problems if they enter the respiratory system. Workers may also be exposed to volatile fumes when applying bitumen-based membranes. Long-term exposure to these fumes can cause health problems such as nasal irritation and bronchitis. The presence of solvents, diluents, and other chemicals in waterproofing membranes also harms the environment by emitting toxic fumes and volatile organic compounds (VOCs) into the atmosphere. As a result, these factors are estimated to hamper the market's overall growth.
- Volatility in Raw Material Prices
The raw materials used to make waterproofing membranes are primarily derived from crude oil. PVC, PU, acrylic, and bitumen-based waterproofing membranes are all derived from petroleum. Crude oil is an important source of energy, accounting for 27.3 percent of global primary energy consumption. Crude oil prices are on the mend, having settled in the USD 55-60 per barrel range in 2017. However, due to the current pandemic, almost all countries have prohibited both domestic and international travel. This has resulted in a significant decrease in transportation fuel demand, impacting crude oil prices. However, oil prices are expected to rise as a result of renewed Chinese demand. The fluctuating crude oil prices are estimated to challenge the waterproofing membrane market growth rate.
This waterproofing membrane market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the waterproofing membrane market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Waterproofing Membrane Market
The recent outbreak of coronavirus had a negative impact on the waterproofing membrane market. The construction industry has suffered as a result of various country lockdowns and logistical constraints. Supply chain disruptions, workforce unavailability, logistical constraints, limited component availability, demand drop, low company liquidity, and manufacturing shutdown due to lockdown in various countries have all harmed the industry. During this period of crisis, raw material suppliers and other related businesses are being forced to rethink their strategies in order to cater to this industry. As a result of the pandemic, residential and commercial construction has come to a halt. During this crisis period, demand for waterproofing membranes is expected to be low to medium. Major issues include order shipment delays, supply chain constraints, manpower and equipment shortages, and material shortages. As a result, the market was negatively impacted due to the pandemic.
On the flip side, following the end of the crisis, the market is expected to recover, and demand for waterproofing membranes is expected to rise. The pandemic has increased the demand for construction activities in the healthcare sector. A surge in demand for new hospitals and care facilities has given the construction industry some stability, propelling the waterproofing membranes market.
Recent Development
- In March 2020, In Sarnen, Switzerland, Sika opened a new production facility for the SikaProof structural waterproofing membrane. This expansion investment will increase manufacturing efficiency and allow the company to serve a rapidly growing market.
Global Waterproofing Membrane Market Scope
The waterproofing membrane market is segmented on the basis of raw material, type, usage and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material
- Polymers
- Bitumen
- Polymer modified cement
- Others
Type
- Liquid Applied Membranes
- Sheet Based Membranes
Usage
- Refurbishment
- New construction
Application
- Roofing and Walls
- Building Structures
- Waste and Water Management
- Mining Application
- Tunnel Liners
- Bridges and Highways
- Others
Waterproofing Membrane Market Regional Analysis/Insights
The waterproofing membrane market is analyzed and market size insights and trends are provided by country, raw material, type, usage and application as referenced above.
The countries covered in the waterproofing membrane market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rise in the infrastructural developments and rise in the construction activities within the region.
Asia-Pacific, on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increase in warehouse construction for the region's healthcare, retail, and automotive application industries .
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Waterproofing Membrane Market Share Analysis
The waterproofing membrane market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to waterproofing membrane market.
Some of the major players operating in the waterproofing membrane market are
- Carlisle Companies Inc. (U.S.)
- DOW (U.S.)
- Firestone Building Products Company (U.S.)
- SOPREMA Group (France)
- BASF SE (Germany)
- MBCC Group (Germany)
- Sika AG (Switzerland)
- EverGuard TPO Walkway Roll (U.S.)
- Johns Manville (U.S.)
- Minerals Technologies Inc. (U.S
- Fosroc, Inc. (U.K.)
- GCP Applied Technologies, Inc., (U.S.)
- Mapei S.p.A(Italy)
- Renolit SE (Germany).
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