The global waterproofing membrane market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. The global waterproofing membrane is driven by the rising demand from the building and construction industries. A waterproofing membrane is a very thin layer of water-tight material that is placed on a surface to restrict the water to pass through it. It is widely adopted in the construction of buildings or existing infrastructures. For instance, the waterproofing membrane can be structured above the structural slab and below the tiles in a flat terrace. Waterproofing membranes inhibit water penetrations and ensure that water does not penetrate the structural slab. As per the report of the United States Census Bureau 2021, the total construction spending reached $1,591.6 billion which was $1,469.1 billion in 2020. 

Impact of COVID-19 Pandemic on Global Waterproofing Membrane Market

COVID-19 had impacted a large part of the world including the waterproofing membrane market. Market players of waterproofing membrane, small or large, are all impacted financially, and working organization-wise. SOPREMA S.A.S., one of the major market players also impacted by COVID-19, stated in its 2020 annual report “After an initial period of hesitation related to the different health protocols set up, both factories and job sites showed a remarkable ability to adapt thanks to the creation of "Covid 19 crisis management" steering committees in each of the Group's national and international entities. In the end, the concrete impact on the business in 2020 had been limited for SOPREMA. The most notable effect of this crisis had been the way it has disrupted our work organizations. Mobility and business travel practices have been significantly modified and for a significant number of employees, working from home has become the new rule, with consequences that may have been positive or negative. However, the experience gained in a time of crisis and the solidarity observed in the teams, both in production and in the offices, give great confidence for the future!” As the situation gets normal, the market has begun to stabilize, and grow.

Segmental Outlook 

The global waterproofing membrane market is segmented based on the application and type. Based on application, the market is segregated into waste & water management, roofing & walls, building structure, bridges and highways, tunnel liners, and others. Based on type, the market is segmented into PVC, Modified Bitumen, EPDM, TPO, HDPE, LDPE, and others.The above-mentioned segments can be customized as per the requirements. Based on application, roofing & wallsare anticipated to grow significantly during the forecast period. Based on type, TPO is estimated to grow fastest in the upcoming years.

Global Waterproofing Membrane  MarketShare by Application, 2021 (%)

The Roofing and Walls Segment Projected toGrow Significantly in the Global Waterproofing Membrane Market

The roofing & walls segment is anticipated to have a significant market share during the forecast period. Superior tensile strength and climate adaptability along with fire resistance properties to improve flow resistance at high temperatures are the main characteristics of this membrane that make it suitable for application in roofing and walls. With the increasing construction of residential structure across the globe, the demand for waterproofing membrane for wall and roofs are also increasing. 

Regional Outlooks

The global waterproofing membrane market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. Asia Pacific is anticipated to grow with the fastest CAGR during the forecast period while North America is projected to grow significantly.  

Global Waterproofing Membrane  MarketGrowth, by Region 2022-2028

The Asia-Pacific RegionEstimated to Grow Significantly in the Global Waterproofing Membrane Market

The Asia-Pacific is anticipated to show significant growth during the forecast period. Asia-Pacific is the most emerging economy with significant contributions from China, India, Japan, and Korea. Building and construction, water treatment, and rising infrastructural growth are expected to create significant demand for waterproofing membranes. Improved standards of living, infrastructural development, and cohesive government policies are the key factors driving the waterproofing membrane market in the Asia-Pacific region.

Market Players Outlook

The major companies serving the global waterproofing membrane market include BASF Corp., Groupe Solmax Inc., IKO Industries, Inc., Sika AG, SOPREMA S.A.S., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance,in March 2020, at Sarnen, Switzerland, Sika operated a new production facility for the SikaProof structural waterproofing membrane. This investment in the extension boosted manufacturing efficiency and enabled the company to serve the quicklyrising market.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global waterproofing membrane market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.