The SNS Insider report forecasts that the Waterproofing Membrane Market will grow at a CAGR of 6.1% between 2023 and 2030. The market value is expected to surge from USD 37.66 billion in 2022 to USD 60.48 billion by 2030. The waterproofing membrane market is experiencing significant growth due to the increasing demand for durable and long-lasting waterproofing solutions in construction and infrastructure projects worldwide. Waterproofing membranes play a critical role in protecting structures from water ingress, preventing damage to building foundations, roofs, basements, and other critical areas. With the rising frequency of extreme weather events and the growing emphasis on sustainable building practices, there is a growing need for advanced waterproofing solutions that offer superior performance, durability, and environmental sustainability.
Moreover, the waterproofing membrane market is driven by urbanization, infrastructure development, and the construction of residential, commercial, and industrial buildings in both developed and emerging economies. As cities expand and populations grow, there is an increasing demand for reliable waterproofing systems to protect buildings and infrastructure from water damage, mold growth, and deterioration. Additionally, stringent building codes and regulations mandating the use of waterproofing membranes in construction projects further drive market growth, as developers and contractors prioritize compliance and risk mitigation.
Get Sample Report of Waterproofing Membrane Market@ https://www.snsinsider.com/sample-request/1478
Market Report Scope:
A waterproofing membrane acts as a thin, water-tight layer applied continuously over a solid surface to prevent water penetration. These membranes, whether sheet-based or liquid-applied, must possess properties like strength, flexibility, and tear resistance to cover buildings and seal cracks effectively. With advancements in construction, the demand for waterproofing materials has risen to ensure structural integrity. Dampness prevention, crucial for averting issues like corrosion, efflorescence, and plaster deterioration, further propels the market. The market witnesses growth fueled by rising urbanization and industrialization in developing economies, economic expansion, and increased infrastructure investments. The waste and water management sectors, coupled with the development of water conservation facilities, are key drivers for the demand growth of waterproofing membranes.
Major Key Players in the Waterproofing Membrane Market
l Carlisle Companies, Inc.
l Chryso SAS
l Copernit S.P.A.
l Derbigum Americas Inc.
l DowDuPont, Inc.
l Firestone Building Products Company
l Flex Roofing Systems
l Fosroc International Ltd.
l GAF
l GCP Applied Technologies, Inc.
l GSE Environmental, Inc.
l IKO Industries Ltd.
l Isomat S.A.
l Johns Manville Corporation
l Juta AS
l LATICRETE International, Inc.
Market Analysis:
Rapid urbanization, infrastructure development, and population growth fuel the demand for residential and commercial establishments, contributing to the need for waterproofing membranes. Government spending on private and public infrastructure projects, including roads, power stations, water treatment plants, airports, bridges, hospitals, and schools, positively influences membrane demand.
In developing economies, initiatives like India's Pradhan Mantri Awas Yojana (PMAY) to provide housing for the Economically Weaker Section (EWS) boost the consumption of waterproofing membranes. However, potential health and environmental hazards associated with waterproofing chemicals pose challenges. Exposure to these chemicals, particularly in spray form, can lead to respiratory problems, acting as a restraint for market growth.
Make Enquiry About Waterproofing Membrane Market Report@ https://www.snsinsider.com/enquiry/1478
Segment Analysis:
By Product
l Liquid-applied Membranes
l Fully Adhered Sheets
l Laid Sheets
l Others
By Raw Material
l Modified Bitumen
l Poly Vinyl Chlorid
l Acrylic
l Polyurethane
l Others
By Application
l Roofing & Walls
l Water Management
l Tunnel Liners
l Bridges
l Others
By End-User
l Residential
l Industrial
l Infrastructural
l Others
By Product: The liquid applied membrane product segment leads the market, accounting for over 65% of the global revenue in 2022. The growth is attributed to increased awareness of the product's advantages, such as cost-effectiveness and ease of installation.
By Application: Roofing & walls dominate with a 32% revenue share in 2022. This growth is fueled by increased applications in the Asia-Pacific region for residential housing construction. The demand for sheet membranes for roofs, addressing exposure to rainwater and environmental moisture, is expected to drive the roofing segment's growth.
Key Regional Development:
Asia Pacific claims the largest revenue share (33% in 2022), driven by growing infrastructural developments, rapid industrialization, especially in China and India, and the rising demand for utilities in domestic applications. Increased use of waterproofing membranes in mining applications further fuels regional growth.
North America expects significant growth due to rising construction activities in Mexico and Canada, along with increased investment in warehouse construction for healthcare, retail, and automotive applications. In Europe, product demand is dominated by advanced countries like the U.K., Germany, and France. The increasing adoption of waste management and water conservation, demanding liquid applied and sheet membrane products in residential & buildings, is expected to boost product demand in the region.
Key Takeaways:
- Waterproofing Membrane Market to exceed USD 60.48 billion by 2030.
- Liquid-applied membranes lead, driven by cost-effectiveness and ease of installation.
- Asia Pacific emerges as a dominant force, fueled by infrastructure development and industrialization.
Recent Developments:
- In June 2023,Fosroc hosted a seminar in partnership with the Indian Association of Structural Engineers (IASE) to showcase new trends and technology in waterproofing solutions
- In June 2023,IKO confirmed plans to construct a new manufacturing campus in Clay County, Florida, near Jacksonville, catering to the roofing, waterproofing, and insulation industry.
- In January 2022,Derbigum Americas, Inc. announced its name change to Performance Roof Systems, Inc., a SOPREMA Group Company, aligning with the company's focus on industry-leading roofing solutions.
Related Reports:
Thermal Conductive Polymer Material Market Growth
Semiconductor gases Market Growth
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.