PUBLISHER: 360iResearch | PRODUCT CODE: 1470991
PUBLISHER: 360iResearch | PRODUCT CODE: 1470991
[197 Pages Report] The Waterproofing Membrane Market size was estimated at USD 34.04 billion in 2023 and expected to reach USD 36.07 billion in 2024, at a CAGR 6.20% to reach USD 51.88 billion by 2030.
The waterproofing membrane market encompasses a wide range of high-performance materials designed to create an impermeable barrier for various construction, infrastructure, and industrial applications. These membranes protect against moisture ingress, water damage, and chemical penetration, thereby extending the service life and performance of the underlying structures or systems. The rising demand for cost-effective and efficient waterproofing membranes for residential and commercial spaces is influencing market growth. However, health and environmental issues associated with waterproofing products and a lack of expertise in the proper use of construction chemicals among workers are limiting the adoption of waterproofing membrane materials. The price fluctuations in raw materials such as bitumen and polypropylene impact the market growth. Moreover, the rapidly growing construction industry in developing economies is contributing to the increasing demand for waterproofing membranes. Advances in waterproofing techniques, such as using nanotechnology methods and organosilane materials, and growing consumer attraction toward green roofs are creating lucrative opportunities for market growth in upcoming years.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 34.04 billion |
Estimated Year [2024] | USD 36.07 billion |
Forecast Year [2030] | USD 51.88 billion |
CAGR (%) | 6.20% |
Form: Expandable penetration of Liquid-applied and Sheet-applied waterproofing membranes
Sheet-applied waterproof membranes are preferred owing to their uniform thickness, exact coverage, and ability to be utilized in a wide range of weather conditions and over green concrete. Torch-applied and self-adhesive sheet membranes are applied using a liquid adhesive, preferably on roofs or terraces, decks, and swimming pools. Liquid-applied waterproof membranes are applied by spray, roller, or brush to waterproofing surfaces, primarily in pedestrian paths, car parking, and basements. Liquid-applied waterproofing membranes are preferred as they can be spread easily without being smoothed out tediously as compared to sheet-applied waterproofing membranes. Moreover, the waterproofing membranes can be applied to every surface corner, ensuring an even and full coverage waterproofing with a uniform finish.
Application: Emerging applications of waterproofing membranes for developing building infrastructure projects
Waterproofing membranes are widely employed in building structures to protect them from moisture intrusion and damage. In foundation and basement constructions, waterproofing membranes create a watertight barrier to prevent groundwater penetration and ensure structural integrity. The implementation of waterproofing membranes in landfills ensures proper containment of hazardous substances and prevents leachate from contaminating surrounding soil and groundwater resources. In roofing applications, waterproofing membranes provide an essential defense mechanism against water infiltration caused by rain or snowmelt. Waterproofing membranes are installed above or below the insulation layer within flat roof systems to ensure seamless protection from moisture-induced damages like leaks, mold growth, or corroded metal components. Waterproofing membranes are extensively used in wall constructions to prevent dampness, mold growth, and structural deterioration caused by moisture ingress.
Regional Insights
The Americas represents a highly developed market with increased adoption of waterproofing membranes due to their well-developed construction industries and a growing focus on sustainable infrastructure solutions. Industry trends such as green roofs and energy-efficient building designs are driving demand for advanced waterproofing technologies in the Americas. In European countries, strict environmental regulations encourage businesses to adopt innovative waterproofing solutions offering high performance with reduced ecological impact. Additionally, Middle Eastern countries such as Saudi Arabia, Qatar, and UAE are witnessing rapid urbanization coupled with severe water scarcity issues, making efficient waterproofing crucial for construction projects. China, Japan, and India are the most significant nations in the Asia-Pacific with extensive infrastructure initiatives, contributing to a surge in demand for waterproofing membranes. Understanding consumer needs and purchasing behavior across the APAC plays a vital role in identifying growth opportunities within the global waterproofing membrane market.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Waterproofing Membrane Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Waterproofing Membrane Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Waterproofing Membrane Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alchemco, ALCHIMICA S.A., Arkema S.A., BASF SE, Carlisle Companies Inc., CHRYSO India Private Limited, Compagnie de Saint-Gobain S.A., DuPont de Nemours, Inc., Elmich Pte Ltd., Fosroc, Inc., Fuhua Waterproofing Technology Co., Ltd., GAF Materials LLC, GCP Applied Technologies Inc., Henkel AG & Co. KGAA, IKO PLC, Kemper System GmbH & Co. KG, Key Resin Company, LATICRETE International, Inc., Mapei SpA, Metal-Era LLC, Minerals Technologies Inc., PROSOCO by Boyer Industries Corporation, Sealbond Chemicals Industries Inc., Shandong Chenhua Waterproof Co., Ltd., Sika AG, Siplast, Inc., SOPREMA SAS, STP Limited, Tremco CPG Inc., W. R. Meadows, Inc., and Westlake Huasu Suzhou Co., Ltd..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Waterproofing Membrane Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Waterproofing Membrane Market?
3. What are the technology trends and regulatory frameworks in the Waterproofing Membrane Market?
4. What is the market share of the leading vendors in the Waterproofing Membrane Market?
5. Which modes and strategic moves are suitable for entering the Waterproofing Membrane Market?