Waterproofing Membrane Market Product Costs, Marketable Profit and Future Forecast 2024-2033
Global Waterproofing Membranes Market size was valued at USD 26.5 Billion in 2024 and is expected to reach USD 49.6 Billion by 2033, at a CAGR of 8.5% during the forecast period 2024 – 2033.
Waterproofing Membranes Market: Overview
Waterproofing membranes are building materials that prevent water from entering buildings. They are applied to surfaces that include roofs, foundations, walls, and floors to form a waterproof barrier that protects against water penetration, avoiding damage to the structure and its contents.
There is a rising global need for environmentally friendly membranes constructed from recycled materials or that use energy from renewable sources in manufacturing processes, in line with sustainability efforts and legislation.
Increase in the use of novel membranes with nanotechnology, self-healing characteristics, and increased durability to endure harsh weather conditions and extend service life. In addition, digitization and the Internet of Things (IoT) are transforming the waterproofing business by incorporating smart sensors for continuous evaluation of membrane performance and predictive maintenance.
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Furthermore, rising urbanization and infrastructure development in emerging nations increase demand for high-performance waterproofing systems, notably in residential, commercial, and infrastructure projects. The water-resistant membranes industry is developing sustainable, technologically sophisticated solutions to fulfil rising worldwide demand while minimizing environmental impact.
By material, the modified bitumen segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Modified bitumen dominates the waterproofing membranes industry owing to its strength, adaptability, and ease of installation. Its ability to endure a variety of environmental conditions makes it an excellent choice for waterproofing purposes.
By type, liquid applied membranes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Liquid applied membranes dominate the waterproofing membranes market due to their adaptability, simplicity of application, seamless covering, and ability to conform to complicated surfaces, providing good protection against water penetration in a variety of building projects.
By application, the roofing & walls segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The waterproofing membranes market is driven by roofs and walls, which are crucial for protecting buildings from water damage, assuring structural integrity and lifespan, and preserving indoor comfort and safety.
Asia-Pacific dominates the waterproofing membranes market owing to fast urbanisation, high rainfall, infrastructure developments, and growing awareness of the necessity of waterproofing, making it a key growth market.
CMI has comprehensively analyzed the Global Waterproofing Membranes market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Waterproofing Membranes industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Waterproofing Membranes Market:
- Carlisle Companies Inc.
- Firestone Building Products Company LLC.
- Dow Chemical Company
- GAF Materials Corporation
- Johns Manville
- Solmax International Inc.
- Flex Roofing Systems
- GCP Applied Technologies Inc.
- GSE Environmental
- IKO Industries Ltd
- Laticrete International Inc.
- Noble Company
- Schluter System Ltd
- Soprema Group
- Sika AG
- Renolit SE
- Chryso S.A.S
- Copernit S.P.A.
- Derbigum
- Isomat S.A
- Others
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