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Waterproofing Membranes Market - Forecast(2024 - 2030)
Waterproofing Membranes Market Overview
Waterproofing Membranes Market size is forecast to reach $55.37 billion by 2025, after growing at a CAGR of 7.82% during 2020-2025. Growing demand for residential and commercial spaces coupled with increasing investment in water conservation and wastewater treatment infrastructure development is expected to have a positive effect on growth. Waterproofing membranes ensure longer durability of the structure, hence reduces maintenance cost. Increasing government investments on infrastructure developments and increasing usage of waterproofing membranes in the mining industry will boost the waterproofing membranes industry.
Report Coverage
The “Waterproofing Membranes Market Report– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Waterproofing Membranes Industry.
By Type: Liquid Applied Waterproofing Membranes and Sheet Based Waterproofing Membranes
By Material Type: Polyurethane, EPDM Rubber, Thermoplastic, Fiberglass, Polyethylene, Polyvinyl Chloride (PVC), Thermoplastic Olefin (TPO), Metal Sheet, Fabrics, and Others
By Application: Roofing & Walls, Waste & Water Management, Building Structures, Mining Application, Marine Application, Tunnel Liners, Bridges & Highways, and Others
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
- The rise in demand for finished goods and the overall growth of end-use industries in the Asia Pacific region is expected to fuel the waterproofing membranes market during the forecast period.
- Increasing demand for liquid waterproofing membrane owing to its UV absorption properties as it prevents damage to concrete bridges under high or low-temperature conditions is expected to drive industry growth.
- Due to COVID-19 palindrome, the construction industry is expected to take a major hit due to labor shortages and the lockdown imposed by the government during COVID-19, which is expected to be aggravated by the resulting supply chain issues and financing pressures due to the non-adherence to the completion times.
Type- Segment Analysis
Liquid Applied Waterproofing Membranes is widely used in Waterproofing Membranes Market. Due to the liquid form, it is simple to apply by using a spray or brush or by roller to the concrete surface which forms a thick joint-free membrane in contact with air. Liquid applied waterproofing membrane has elongation properties, durability, flexibility, abrasion, chemical resistance which provides successful installation. Also, the liquid waterproofing membrane provides longevity and optimized performance. Owing to which it is used in concrete bridges and metal deck sheets. Since liquid applied waterproofing membrane is a time-saving process it is usually preferred over other types and hence it is anticipated to grow in the forecast period.
Material Type- Segment Analysis
Thermoplastic olefin (TPO) held the largest share in Waterproofing Membranes Market in 2019. TPO waterproofing membrane is the fastest-growing commercial roofing membranes and has gained wide acceptance in different industries for its performance and installation advantages at a competitive cost. Some other benefits of TPO include its eco-friendly chemistry, recyclability, durability, flexibility, low installation cost, reduced labor requirement, and exceptional heat-resistant properties suitable for energy-efficient roofing systems. Since TPO membranes do not contain toxic or hazardous ingredients and are fully recyclable it will further lead towards the growth of the market in the forecast period.
Application - Segment Analysis
Roofing & Walls held the largest share in Waterproofing Membranes Market in 2019 and is projected to grow at a CAGR of 6.44% during the forecast period 2020-2025. Waterproofing Membranes offer ideal roofing solutions about their elongation, tear strength, resistance to heat aging, weathering, UV radiation, ozone, solvents, acids & alkalis, and excellent tensile strength. It adheres firmly to various building materials such as brick & concrete and bridges cracks that are driving the market size. Waterproofing membranes form a shield against the seepage of water on the roof and wall, thus forming the main component of roofing systems. They protect the roofing and walls from the adverse effects of water seepage such as differential movement caused by thermal differences between wet & dry areas, and acid damage from evaporating rainwater. Also, waterproofing membranes are superior to conventional flat roofing methods based on gravel & asphalt. Thus, owing to such properties the demand for waterproofing membranes is anticipated to grow in the forecast period.
Geography- Segment Analysis
Asia-Pacific held the largest share of 38% in 2019 in Waterproofing Membranes Market. China is the key consumer of waterproofing membranes in Asia-Pacific. The region's demand is powered by growing roofing, waste, and water management industries. In turn, numerous mergers and acquisitions, innovation, and expansion in various industries have made the area a potential market for waterproofing membranes to expand. According to the International Trade Administration (ITA), the construction industry in China was worth $893.58 billion in 2018 and is expected to reach $1117.42 billion in 2021. The expenditure of the Chinese government in the construction sector is expected to increase in both residential and non-residential sectors during the forecast period, which in turn is expected to drive the demand for waterproofing membranes. Also, according to India Brand Equity Foundation, the IT-BPM sector in India stood at US$ 177 billion in 2019, with a rise of 6.1 percent year-on-year, and the size of the industry is expected to grow to US$ 350 billion by 2025.
Waterproofing Membranes Market Drivers
Increasing demand for waterproofing membranes from water & wastewater management systems
Owing to the property such as flexibility, ease of application and cost-effectiveness there is growth in water & wastewater management system. High growth is due to the rising population, urbanization, and industrialization, as a result of which water management activity is increasingly required to maximize water use in both developing and developed countries. Apart from these, water contamination by heavy metals, cyanides, and dyes is increasing globally and needs to be addressed as this will lead to water scarcity as well as water quality. Hence, to avoid negative effects on the environment, and human health from contaminants, the increasing use of water & wastewater management systems will drive the waterproofing membranes market in the forecast period.
Increasing use of waterproofing membranes in mining
Owing to the high resilience in exhaustive environments, the waterproofing membrane is suitable for mining applications. Waterproofing membrane is used in structures such as tunnels, lines for the mine shaft and walls for dams. Metal mining, such as gold, copper, nickel, salt, cobalt, molybdenum and others, brings enormous opportunities to the waterproofing membrane market. Mining operations are often conducted in remote regions but also in fragile ecosystems. Waterproofing membranes can very easily take on these situations and can perform under the toughest conditions. The key applications of waterproofing solutions in the mining industry are prevention of mine explosives and fuse damaging from exposure to elements such as water and moisture. Also, for electrical substations in underground mines, waterproofing membranes are important since it keeps electrical equipment dry and free from corrosion.
Waterproofing Membranes Market Challenges
Price Fluctuation of raw materials
The price and availability of raw materials is a major factor that affects the end-product prices. The global market for waterproofing membranes has seen oscillating raw material price trends which are fluctuating because of volatile energy prices. The manufacturer of the waterproofing membrane is targeted by price-sensitive customers. Most of the raw materials are petroleum-based and are vulnerable to commodity price fluctuations. This is a major challenge for the waterproofing membranes industry to predict the future price, leading to low investment in projects related to waterproofing membranes. According to BP statistics, in 2018, the average oil price increased to $71/ bbl from $54/bbl in 2017. Therefore, the fluctuation in oil prices is negatively affecting waterproofing membrane market growth.
Health hazards from exposure to volatile fumes
Workers can be exposed to toxic fumes during the application of the bitumen-based membranes. Extended exposure to these fumes can cause health problems, such as nasal irritation and bronchitis. Furthermore, workers with extended working lengths demonstrate more nasal, pharyngeal symptoms. While the trend toward synthetic membranes is changing, bitumen still accounts for the largest portion of the waterproofing membrane market. Owing to which it means a large section of workers in the roofing industries is vulnerable to this, particularly in emerging economies. However, this factor can create hurdles for the waterproofing membranes market in the forecast period.
Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Waterproofing Membranes Market. In 2019, the market of Waterproofing Membranes has been consolidated by the top five players accounting for xx% of the share. Major players in the Waterproofing Membranes Market are Carlisle Companies Inc., Firestone Building Products Company, LLV, Soprema Group, GSE Environmental, BASF SE, The Dow Chemical Company, Johns Manville, Sika AG, and GAF Materials Corporation among others.
Acquisitions/Technology Launches
- In December 2018, Sika AG acquired Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania.
- In August 2018, SOPREMA, Inc., a leading manufacturer of waterproofing solutions for roofing, waterproofing, and civil engineering, acquired DERBIGUM Americas Inc., a US subsidiary of DERBIGUM and a Belgian supplier of roofing solutions.
1. Waterproofing Membranes Market - Market Overview
1.1 Definitions and Scope
2. Waterproofing Membranes Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Material Type
2.4 Key Trends by Application
2.5 Key Trends by Geography
3. Waterproofing Membranes Market - Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis - Top Companies
3.1.2 Product Benchmarking - Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis - Top Companies
3.1.5 Pricing Analysis
4. Waterproofing Membranes Market - Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Waterproofing Membranes Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Waterproofing Membranes Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Waterproofing Membranes Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Waterproofing Membranes Market – By Type (Market Size -$Million)
8.1 Liquid Applied Waterproofing Membranes
8.1.1 Cold-fluid applied
8.1.2 Hot-applied system
8.2 Sheet Based Waterproofing Membranes
8.2.1 Self-adhering membranes
8.2.2 Non-adhesive sheet membranes
9. Waterproofing Membranes Market – By Material Type (Market Size -$Million)
9.1 Polyurethane
9.2 EPDM Rubber
9.3 Thermoplastic
9.4 Fiberglass
9.5 Polyethylene
9.6 Polyvinyl Chloride(PVC)
9.7 Thermoplastic Olefin(TPO)
9.8 Metal Sheet
9.9 Fabrics
9.10 Others
10. Waterproofing Membranes Market – By Application (Market Size -$Million)
10.1 Roofing & Walls
10.2 Building Structures
10.2.1 Residential
10.2.2 Commercial
10.3 Waste & Water Management
10.4 Mining Application
10.5 Marine Application
10.6 Tunnel Liners
10.7 Bridges & Highways
10.8 Others
11. Waterproofing Membranes Market - By Geography (Market Size -$Million)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 South America
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Colombia
11.2.4 Chile
11.2.5 Rest of South America
11.3 Europe
11.3.1 U.K
11.3.2 Germany
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Netherlands
11.3.7 Russia
11.3.8 Belgium
11.3.9 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 ANZ
11.4.4 Japan
11.4.5 South Korea
11.4.6 Rest of Asia Pacific
11.5 ROW
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of Middle East
11.5.2 Africa
11.1.1.1 South Africa
11.1.1.2 Nigeria
11.1.1.3 Rest of South Africa
12. Waterproofing Membranes Market - Entropy
12.1 New Product Launches
12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
13.1 Market Share by Country- Top companies
13.2 Market Share by Region- Top companies
13.3 Market Share by type of Product / Product category- Top companies
13.4 Market Share at global level- Top companies
13.5 Best Practices for companies
14. Waterproofing Membranes Market - List of Key Companies by Country Premium
15. Waterproofing Membranes Market - Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Waterproofing Membranes Market By Raw Material Type Market 2019-2024 ($M)1.1 Modified Bitumen Market 2019-2024 ($M) - Global Industry Research
1.1.1 Styrene-Butadiene-Styrene Market 2019-2024 ($M)
1.1.2 Atactic Polypropylene Market 2019-2024 ($M)
1.2 PVC Market 2019-2024 ($M) - Global Industry Research
1.3 EPDM Market 2019-2024 ($M) - Global Industry Research
1.4 TPO Market 2019-2024 ($M) - Global Industry Research
2.Global Waterproofing Membranes Market By Type Market 2019-2024 ($M)
2.1 Liquid Applied Membranes Market 2019-2024 ($M) - Global Industry Research
2.2 Sheet Based Membranes Market 2019-2024 ($M) - Global Industry Research
3.Global Waterproofing Membranes Market By Raw Material Type Market 2019-2024 (Volume/Units)
3.1 Modified Bitumen Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Styrene-Butadiene-Styrene Market 2019-2024 (Volume/Units)
3.1.2 Atactic Polypropylene Market 2019-2024 (Volume/Units)
3.2 PVC Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 EPDM Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 TPO Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Waterproofing Membranes Market By Type Market 2019-2024 (Volume/Units)
4.1 Liquid Applied Membranes Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Sheet Based Membranes Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Waterproofing Membranes Market By Raw Material Type Market 2019-2024 ($M)
5.1 Modified Bitumen Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Styrene-Butadiene-Styrene Market 2019-2024 ($M)
5.1.2 Atactic Polypropylene Market 2019-2024 ($M)
5.2 PVC Market 2019-2024 ($M) - Regional Industry Research
5.3 EPDM Market 2019-2024 ($M) - Regional Industry Research
5.4 TPO Market 2019-2024 ($M) - Regional Industry Research
6.North America Waterproofing Membranes Market By Type Market 2019-2024 ($M)
6.1 Liquid Applied Membranes Market 2019-2024 ($M) - Regional Industry Research
6.2 Sheet Based Membranes Market 2019-2024 ($M) - Regional Industry Research
7.South America Waterproofing Membranes Market By Raw Material Type Market 2019-2024 ($M)
7.1 Modified Bitumen Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Styrene-Butadiene-Styrene Market 2019-2024 ($M)
7.1.2 Atactic Polypropylene Market 2019-2024 ($M)
7.2 PVC Market 2019-2024 ($M) - Regional Industry Research
7.3 EPDM Market 2019-2024 ($M) - Regional Industry Research
7.4 TPO Market 2019-2024 ($M) - Regional Industry Research
8.South America Waterproofing Membranes Market By Type Market 2019-2024 ($M)
8.1 Liquid Applied Membranes Market 2019-2024 ($M) - Regional Industry Research
8.2 Sheet Based Membranes Market 2019-2024 ($M) - Regional Industry Research
9.Europe Waterproofing Membranes Market By Raw Material Type Market 2019-2024 ($M)
9.1 Modified Bitumen Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Styrene-Butadiene-Styrene Market 2019-2024 ($M)
9.1.2 Atactic Polypropylene Market 2019-2024 ($M)
9.2 PVC Market 2019-2024 ($M) - Regional Industry Research
9.3 EPDM Market 2019-2024 ($M) - Regional Industry Research
9.4 TPO Market 2019-2024 ($M) - Regional Industry Research
10.Europe Waterproofing Membranes Market By Type Market 2019-2024 ($M)
10.1 Liquid Applied Membranes Market 2019-2024 ($M) - Regional Industry Research
10.2 Sheet Based Membranes Market 2019-2024 ($M) - Regional Industry Research
11.APAC Waterproofing Membranes Market By Raw Material Type Market 2019-2024 ($M)
11.1 Modified Bitumen Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Styrene-Butadiene-Styrene Market 2019-2024 ($M)
11.1.2 Atactic Polypropylene Market 2019-2024 ($M)
11.2 PVC Market 2019-2024 ($M) - Regional Industry Research
11.3 EPDM Market 2019-2024 ($M) - Regional Industry Research
11.4 TPO Market 2019-2024 ($M) - Regional Industry Research
12.APAC Waterproofing Membranes Market By Type Market 2019-2024 ($M)
12.1 Liquid Applied Membranes Market 2019-2024 ($M) - Regional Industry Research
12.2 Sheet Based Membranes Market 2019-2024 ($M) - Regional Industry Research
13.MENA Waterproofing Membranes Market By Raw Material Type Market 2019-2024 ($M)
13.1 Modified Bitumen Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Styrene-Butadiene-Styrene Market 2019-2024 ($M)
13.1.2 Atactic Polypropylene Market 2019-2024 ($M)
13.2 PVC Market 2019-2024 ($M) - Regional Industry Research
13.3 EPDM Market 2019-2024 ($M) - Regional Industry Research
13.4 TPO Market 2019-2024 ($M) - Regional Industry Research
14.MENA Waterproofing Membranes Market By Type Market 2019-2024 ($M)
14.1 Liquid Applied Membranes Market 2019-2024 ($M) - Regional Industry Research
14.2 Sheet Based Membranes Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Waterproofing Membranes Market Revenue, 2019-2024 ($M)2.Canada Waterproofing Membranes Market Revenue, 2019-2024 ($M)
3.Mexico Waterproofing Membranes Market Revenue, 2019-2024 ($M)
4.Brazil Waterproofing Membranes Market Revenue, 2019-2024 ($M)
5.Argentina Waterproofing Membranes Market Revenue, 2019-2024 ($M)
6.Peru Waterproofing Membranes Market Revenue, 2019-2024 ($M)
7.Colombia Waterproofing Membranes Market Revenue, 2019-2024 ($M)
8.Chile Waterproofing Membranes Market Revenue, 2019-2024 ($M)
9.Rest of South America Waterproofing Membranes Market Revenue, 2019-2024 ($M)
10.UK Waterproofing Membranes Market Revenue, 2019-2024 ($M)
11.Germany Waterproofing Membranes Market Revenue, 2019-2024 ($M)
12.France Waterproofing Membranes Market Revenue, 2019-2024 ($M)
13.Italy Waterproofing Membranes Market Revenue, 2019-2024 ($M)
14.Spain Waterproofing Membranes Market Revenue, 2019-2024 ($M)
15.Rest of Europe Waterproofing Membranes Market Revenue, 2019-2024 ($M)
16.China Waterproofing Membranes Market Revenue, 2019-2024 ($M)
17.India Waterproofing Membranes Market Revenue, 2019-2024 ($M)
18.Japan Waterproofing Membranes Market Revenue, 2019-2024 ($M)
19.South Korea Waterproofing Membranes Market Revenue, 2019-2024 ($M)
20.South Africa Waterproofing Membranes Market Revenue, 2019-2024 ($M)
21.North America Waterproofing Membranes By Application
22.South America Waterproofing Membranes By Application
23.Europe Waterproofing Membranes By Application
24.APAC Waterproofing Membranes By Application
25.MENA Waterproofing Membranes By Application
26.Carlisle Companies Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Firestone Building Products Company LLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Soprema Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.GAF Materials Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Johns Manville, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Renolit SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Fosroc International Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Solmax International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)