According to the latest report by IMARC Group, titled “Waterproofing Membranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global waterproofing membranes market forecast. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global waterproofing membranes market size reached US$ 25.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 37.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Industry Definition and Application:
Waterproofing membranes refer to a thin layer of water-tight material placed on a surface to avoid water leaks or damage. They are manufactured using various materials, such as polymers, asphalt, and tackifiers, and may contain mineral stabilizers. They are commonly used to stop water from affecting concrete’s structural integrity and can be coated on numerous objects to prevent corrosion. As a result, waterproofing membranes find extensive applications in building structures, tunnel liners, bridges, roofing, walls, highways, and water and waste management across the globe.
The global waterproofing membranes market is primarily driven by rising product applications in water and waste management for protection against chemical attacks or abrasion damage due to rapid water flow. Additionally, the increasing consumer awareness regarding the effects of potential water disasters on water management programs is positively influencing market growth. Moreover, the rising public and private investments in bridges, tunnels, manufacturing plants, and institutes represent another major growth-inducing factor.
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Furthermore, waterproofing membranes have been utilized in building structures to improve flexibility, strength, and resistance to differential movement, fire, and high temperatures. In line with this, the increasing infrastructural expenditures, rising construction projects, and ongoing housing developments have catalyzed market growth. Other factors, including increasing mining activities, favorable government regulations, and rapid expansion in the construction industry, are also anticipated to drive the market further.
Global Waterproofing Membranes Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BASF SE, Carlisle Companies Incorporated, Dow Inc., Firestone Building Products (Holcim Group), Fosroc Inc. (JMH Group), GAF Materials Corporation (Standard Industries), GCP Applied Technologies (W. R. Grace and Company), Johns Manville (Berkshire Hathaway Inc.), Mapei S.p.A, Paul Bauder GmbH & Co. KG, Renolit SE (JM Holding GmbH & Co. KGaA), Sika AG and Soprema S.A.S.
Breakup by Product:
- Liquid Applied Membranes
- Sheet Membranes
- Polyvinyl Chloride (PVC)
- Ethylene Propylene Diene Monomer (EPDM)
Breakup by Usage:
- New Construction
Breakup by Application:
- Roofing and Walls
- Water and Waste Management
- Building Structures
- Tunnel Liners
- Bridges and Highways
· Asia Pacific
· North America
· Middle East and Africa
· Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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