Waterproofing Membranes Market Analysis Report By Product, By Application And Segment Forecasts From 2021 To 2028

Synopsis

With reference to the report published, the global waterproofing membranes market was prized by USD 20.84 billion, in 2020. It is estimated to witness, 7.5% CAGR, from 2021 to 2028.

Drivers

The rising growth of the infrastructure for water management, along with the growing demand from the waste and water management division, is expected to certainly affect the expansion of the market for waterproofing membranes.

The waterproofing membranes have an extensive range of its usage. It comprises tunnels, retaining walls, and roofs, foundations of the buildings, sewage as well as the water treatment plants, and the wet rooms.

Increasing awareness of the customers about the advantages of the product, together with the acceptance of innovative materials, for example, geomembranes, is anticipated to additionally boost up the demand for the waterproofing membranes, during the forecast period.

For the period of the forecast, in the North American region, the U.S. is forecasted to be the biggest market for waterproofing membranes. Increasing development of the housing and commercial construction projects within the region, due to the speedy industrial development, is estimated to boost the demand for waterproofing membranes. The rising inclination of the consumers, for the growing shelf life of the paintwork done on the buildings, is, furthermore, estimated to impel the market for waterproofing membranes, in the state.

The growing mining actions in different regions along with the low down cost of the manufacturing are the factors, expected to augment the use of the waterproofing membranes, during the nearby future. Besides, the increasing development of wastewater administration is expected to increase the demand for waterproofing membranes, throughout the forecast period.

Restraints

On the other hand, the waterproofing membrane market is exposed to a need for proficiency, in the exercise of the correct category of the membrane, for strong structures, for example, watercraft, basements, and decks. This is anticipated to restrict the development of the market for waterproofing membranes for the period of the forecast. In addition, Variable prices of raw materials like bitumen and polypropylene, acquired from crude oil, controls the progress of the market.

Product Insight

Due to the increasing familiarity about the advantages of the product, like the easiness of installation as well as cost-effectiveness, liquid applied membranes retained the 63.4% revenue share and led the market in 2020.

Growing water treatment and the conservation infrastructural development in the world is anticipated to increase the demand for the liquid applied membranes, for the duration of the forecast.

Polyurethane liquid applied membranes are estimated to rise by the highest speed of 9.5%, in terms of revenue, throughout the forecast period. It possesses consistent thickness, creating its simple deployment in a variety of functions.

Bituminous liquid applied membranes are anticipated to develop at a considerable speed, during the estimated time. This is credited to their exclusive possessions, such as the capability to boost the feasibility of the product, in the conditions of elasticity, at low down temperatures, enhanced opposition to flow at elevated temperatures, and greater resistance to UV radiation, weathering, as well as aging.

Due to their advantages, for example, the confrontation to UV rays plus the rainfall, Polyvinyl chloride (PVC) sheet membranes are expected to observe momentous enlargement, during the period of the forecast. The capability of the product to bear up weighty loads is also anticipated to present the development projections to the market for waterproofing membranes.

Application Insight

The roofing application segment held a 31.0% revenue share of global business and headed the market in 2020. This is credited to its increasing usage for the residential buildings, within the Asia Pacific region.

Besides, owing to the greater contact with the environmental dampness as well as with the rainwater, the demand for sheet membranes for roofs is projected to impel the roofing section, during the subsequent seven years.

In terms of revenue, the building structures application section is likely to increase by the highest 8.4% rate of enlargement, during the period of the forecast.

On account of the growth in demand for the clean-up process in the tunnels, landfills and tunnels sectors are anticipated to observe considerable enlargement, throughout the forecast period.

As a result of rising industrialized activities, causing a growing quantity of the trash, the increasing requirement for the waterproofing membranes in emergent nations, is estimated to push the sector, optimistically.

The sector of additional applications of waterproofing membranes comprises the areas neighboring to the swimming pool, kitchen floors, bathrooms, and wet rooms.

Rising wakefulness about the benefits, for example, lessening of the risk along with long-standing cost-effectiveness, linked with the usage of waterproofing membranes, is anticipated to put in the constructive expansion of the sector.

Regional Insight

Due to the growth in construction projects, the North American market is estimated to develop at a large speed, during the period of the forecast. The increasing investment in the construction of storerooms for the automobile, healthcare, and retail industries applications, needing solutions for the waterproofing, is also holding a constructive impact on the progress of the market for waterproofing membranes.

The European market is steered by the penetration of the waterproofing membranes in developed nations, similar to France, the U.K., and Germany. Additionally, the rising tendency for the acceptance of water conservation and waste administration, insisting for liquid applied and sheet membranes in housing buildings, is anticipated to augment the demand for the waterproofing membranes within the state, during the period of the forecast.

In Central & South America, the requirement for the waterproofing membranes is expected to observe major escalation from 2021 to 2028. The investment of USD 6.4 billion, done by the government, for the infrastructural projects in 2020, is also estimated to propel the industrial and commercial use sector, needing the solutions for the waterproofing. It will add to the expansion of the provincial market.

Attributable to the increasing infrastructural expansion and speedy industrial development, particularly in India and China, Asia Pacific held more than 32.0% share of the revenue and ruled the global market, in 2020.

Additionally, the development will add to the overcrowding in the city. Consecutively, it will boost the demand for the utilities in the household functions, for the necessity of water. Accordingly, adding up the enlargement to the market for waterproofing membranes.

Companies

By way of partnerships, capability growth in addition to mergers & acquisitions the global companies are trying to augment their trade to assist the relevant market. A number of companies are caught up in the manufacturing of the waterproofing membrane. It creates a market, extremely aggressive. Key companies run their businesses over a devoted delivery system, so as to discriminate themselves in the value chain from the opponents.

Some of the companies for waterproofing membranes market are:

    • Bayer Material Science AG
    • Maris Polymers
    • GAF Materials Corporation
    • CICO Technologies Ltd.
    • GAF Materials Corporation
    • BASF SE
    • Isomat S.A.
    • Alchimica Building Chemicals
    • Fosroc Ltd.
    • Paul Bauder GmbH & Co. KG
    • Kemper System America, Inc.

Report Scope

Segments Covered in the Report

This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insight has segmented the global waterproofing membranes market report on the basis of product, application, and region:

• Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
    • Liquid Applied Membranes
        • Cementitious
        • Bituminous
        • Polyurethane
        • Acrylic
        • Others
    • Sheet Membranes
        • Bituminous
        • Polyvinyl Chloride (PVC)
        • Ethylene Propylene Diene Monomer (EPDM)
        • Others

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
    • Roofing
    • Walls
    • Building Structures
    • Landfills & Tunnels
    • Others

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • The Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa