Waterproofing Membranes Market Growth, Scope, Size and Forecast 2024-2032

Byvishalguptaimarc
Waterproofing Membranes Market_11zon

IMARC Group’s report titled “Waterproofing Membranes Market Report by Product (Liquid Applied Membranes, Sheet Membranes), Usage (Refurbishment, New Construction), Application (Roofing and Walls, Water and Waste Management, Building Structures, Tunnel Liners, Bridges and Highways), and Region 2024-2032”. offers a comprehensive analysis of the industry, which comprises insights on the global waterproofing membranes market growth. The global market size reached US$ 27.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

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Factors Affecting the Growth of the Waterproofing Membranes Industry:

  • Technological Advancements:

Innovations in waterproofing membrane materials and application techniques are impelling the market growth. Advancements in polymer technology, nanotechnology, and sustainable materials are leading to the development of more efficient, durable, and eco-friendly waterproofing solutions. These innovations enhance the performance of waterproofing membranes, providing better resistance to water, chemicals, and environmental stressors. Improved application methods, such as spray-applied and self-adhesive membranes, offer easier installation and reduced labor costs. The continuous evolution of technology not only improves product quality but also expands the range of applications for waterproofing membranes, catering to diverse needs in the construction sector.

  • Increasing Construction Activities:

The growing demand for waterproofing membranes due to the thriving construction industry is offering a favorable market outlook. New construction projects require durable materials to protect buildings from water damage, ensuring structural integrity and longevity. This demand spans various segments, including residential, commercial, and industrial construction. The continuous development of smart cities is catalyzing the demand for advanced waterproofing technologies. This trend is particularly evident in regions experiencing rapid urbanization. Besides this, waterproofing membranes act as a protective layer, keeping the underlying structure dry and extending the lifespan of the roof.

  • Stringent Building Codes and Regulations:

Governing agencies of various countries are imposing stringent building codes and regulations, which are contributing to the market growth. These regulations are designed to ensure the safety, durability, and longevity of buildings and infrastructure. Compliance with these standards often necessitates the use of high-quality waterproofing materials to prevent water damage, structural decay, and associated health hazards. There is a rise in the demand for certified and efficient waterproofing membranes due to rigorous regulatory frameworks. Builders and contractors are compelled to adopt advanced waterproofing technologies to meet these stringent requirements.

Leading Companies Operating in the Global Waterproofing Membranes Industry:

  • 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
  • Soprema S.A.S.

Waterproofing Membranes Market Report Segmentation:

By Product:

  • Liquid Applied Membranes
    • Cementitious
    • Bituminous
    • Polyurethane
    • Acrylic
    • Other
  • Sheet Membranes
    • Bituminous
    • Polyvinyl Chloride (PVC)
    • Ethylene Propylene Diene Monomer (EPDM)
    • Other

Liquid applied membranes represent the largest segment as they are highly flexible and adaptable to different surfaces and shapes.

By Usage:

  • Refurbishment
  • New Construction

New construction holds the biggest market share due to the rising focus on creating a barrier that prevents water from seeping into the foundation.

By Application:

  • Roofing and Walls
  • Water and Waste Management
  • Building Structures
  • Tunnel Liners
  • Bridges and Highways

Roofing and walls account for the largest market share, driven by their ability to provide seamless protection and eliminate the vulnerabilities associated with seams or joints.

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Asia Pacific enjoys a leading position in the waterproofing membranes market on account of rapid urbanization.

Global Waterproofing Membranes Market Trends:

The rising need for residential and commercial spaces is catalyzing the demand for waterproofing membranes. Urban spaces require robust infrastructure, including buildings, roads, and public facilities, to support growing populations. Additionally, industrial expansion necessitates the construction of factories, warehouses, and other industrial buildings, all of which require effective waterproofing solutions. These membranes protect structures from water ingress and ensure safety and durability.

Moreover, increasing incidences of extreme weather conditions, such as heavy rains and floods, are bolstering the market growth. Furthermore, the rising awareness among property owners about the importance of preventing water damage is impelling the market growth.

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