According to a new report by Expert Market Research titled, “Waterproofing Membranes Global Market Size, Share, Report and Forecast 2023-2028″, the global waterproofing membranes market size is projected to grow at a CAGR of 6.70% between 2023 and 2028. Aided by the growing demand for durable and high-quality construction materials and the diverse applications of waterproofing membranes in several industries, the market is expected to grow significantly by 2028.
Waterproofing membranes are protective layers applied to surfaces to prevent water penetration. These membranes are widely used in the construction industry, particularly in the building of roofs, walls, wet rooms, basements, and bridges. They play an essential role in maintaining the structural integrity of buildings and structures, thus protecting them from water damage, corrosion, and environmental degradation.
The increasing global construction activities, particularly in developing economies, are a primary driver of the global waterproofing membranes market growth. As urbanisation progresses and infrastructure investments grow, the need for high-quality construction materials, such as waterproofing membranes, also rises. Furthermore, growing awareness about the benefits of durable and high-quality construction materials, which offer long-term cost efficiency by reducing maintenance and repair expenses, contributes to the surge in demand for waterproofing membranes.
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The expanding applications of waterproofing membranes in various industries also significantly propel the waterproofing membranes market development. In addition to their widespread use in construction, waterproofing membranes are utilised in the manufacturing of various consumer products, such as footwear, textiles, and electronics, to provide water-resistant properties. Their application extends to the automotive industry, where they’re used to waterproof interior components of vehicles.
Moreover, technological advancements in the production of waterproofing membranes have resulted in the development of more effective and environmentally-friendly products. The emergence of green waterproofing technologies and the adoption of advanced production processes to reduce the environmental impact of manufacturing have not only boosted market growth but also opened up new opportunities for waterproofing membranes market expansion.
Additionally, the shift towards sustainable building practices and green construction has led to increased demand for eco-friendly waterproofing solutions. With growing environmental concerns and stricter regulations regarding sustainable construction practices, the waterproofing membranes market is expected to experience further growth.
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Market Segmentation
The market can be divided based on product type, application, and region.
Market Breakup by Product Type
• Liquid Applied Membranes
o Cementitious
o Bituminous
o Polyurethane
o Acrylic
o Others
• Sheet Membranes
o Bituminous
o Polyvinyl Chloride (PVC)
o Ethylene Propylene Diene Monomer (EPDM)
o Others
Market Breakup by Application
• Roofing
• Walls
• Building Structure
• Tunnel and Landfills
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global waterproofing membranes companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• BASF SE
• Dow Inc.
• Kemper System America, Inc.
• Paul Bauder GmbH & Co. KG
• GAF Materials Corporation
• CICO Technologies Ltd.
• Sika AG
• Chengdu Sinomaco Materials Technology Co., Ltd
• Others
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