Global Waterproof Membrane Market - WishTree Insight

Global Waterproof Membrane Market by Product (Sheet and Liquid Applied), Application (Building Structure and Roofing), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The waterproof membrane market size was valued at USD 22.3 billion in 2021 and is expected to surpass USD XX billion by 2031, expanding at a CAGR of 7.1% during the forecast period, 2021–2031. The market's growth is attributed to the growing demand from the waste and water management sector coupled with the increasing development in water conservation infrastructure.

INTRODUCTION

The waterproofing membrane is a layer of water-tight material used for water leaks or damage. It consists of pre-formed or liquid-applied sheets. It is installed around the foundation to prevent water penetration. Waterproofing membrane protects your building’s basement or roof. It helps stop water from infiltrating your foundation and protect your structure from water damage.

There are two types of waterproofing membranes: liquid applied waterproofing membrane and sheet-based waterproofing membrane. Sheet-based membranes come in the form of rolls and are laid on a firm surface. The bituminous waterproofing membrane is commonly used. Liquid-applied waterproofing membranes are kinds of membranes that come in the form of liquid that is sprayed or brushed onto the surface.

Market Trends, Drivers, Restraints, and Opportunities

• Rising consumer consciousness regarding the product advantage along with the adoption of new material is expected to drive the market.
• Rapid industrialization on account of increasing construction projects and residential development is anticipated to drive the global waterproof membrane market.
• Increasing consumer preference towards increasing the shelf life of paint jobs on buildings is expected to fuel the market.
• Low manufacturing cost with rising mining activities is expected to spur market growth.
• The increasing trend in the wastewater management market is expected to propel market growth.
• Lack of expert knowledge for using the right type of membrane for durable structures is expected to restrain the market growth.

Scope of the Report

Market Segment Insights

The liquid-applied segment is projected to register a considerable CAGR

Based on the product, the waterproof membrane market is divided into sheet and liquid applied. The liquid-applied segment is expected to expand at a rapid pace during the forecast period owing to the growing awareness of the advantages of the product such as cost-effectiveness and ease of installation.

The roofing segment is expected to expand at a rapid pace

Based on application, the waterproof membrane market is divided into building structure and roofing. The roofing segment is expected to expand at a rapid pace during the forecast period due to its rising application for residential housing construction. However, the building structure segment is anticipated to hold a key share of the market in the coming years owing to improved shelf life and protection at varying temperatures.

Asia Pacific constitutes a key market share of more than 31.4%

In terms of regions, the waterproof membrane market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is expected to constitute a key share of the market of more than 31.4% during the projected period owing to the growing infrastructural developments and rapid industrialization specifically in India and China. However, the market of the North American region is anticipated to expand at a rapid pace during the forecast period due to the rise in construction activities in Canada and Mexico. Moreover, Europe is dominated by product penetration in advanced countries such as Germany, the U.K., France, and others.

Competitive Landscape

Key players competing in the waterproof membrane market are Paul Bauder GmbH & Co.KG (Germany); BASF SE (Germany); GAF Materials Corporation (U.S.); Isomat S.A. (Greece); MARIS S.M.S.A (Greece); Kemper System America, Inc. (U.S.); CICO Technologies Ltd. (India).

FAQs

Mention the market size of the waterproof membrane in 2021.

The market size of the waterproof membrane in 2021 was USD 22.3 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 7.3%.

What are the key drivers of the market?

The market's growth is attributed to the growing demand from the waste and water management sector coupled with the increasing development in water conservation infrastructure.

What segments are covered in the waterproof membrane report?

The segments covered in the report are product (sheet and liquid applied), and application (building structure and roofing).

Mention which region is expected to hold the highest share of the waterproof membrane market.

The Asia Pacific region is expected to hold the highest share of the waterproof membrane market.

Mention the key players in the market.

Paul Bauder GmbH & Co.KG (Germany); BASF SE (Germany); GAF Materials Corporation (U.S.); Isomat S.A. (Greece); MARIS S.M.S.A (Greece); Kemper System America, Inc. (U.S.); CICO Technologies Ltd. (India).