Global Waterproofing Membrane Market - 2023-2030

Market Overview

The global waterproofing membrane market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 5.5% during the forecast period (2023-2030).

The waterproofing membrane is designed to create a barrier that stops water from entering the structure while allowing it to escape through drainage channels. Waterproofing membranes are used in construction to protect against moisture damage, enhance structures' durability and extend the life of building materials. The expansion of the global waterproofing membrane market is being driven by the escalating demand from many end-use industries, including automotive, construction, oil and gas and chemical. The demand for waterproofing membranes in applications including pipelines, valves and equipment is driven by the rising demand for energy efficiency and the need to minimize emissions in numerous industries.

Dynamics

Increasing urbanization and rising awareness about the importance of waterproofing

The growing awareness about the importance of waterproofing has led to the introduction of more stringent building codes and standards, which require waterproofing membranes in construction projects. This is also driving the growth of the global waterproofing membrane market. Rising global temperatures and increasing frequency of extreme weather events, such as heavy rainfall and flooding, are raising concerns about the potential for water damage to buildings and infrastructure. This increases the demand for waterproofing membranes to protect these structures from water damage. Therefore, increasing urbanization and rising awareness about the importance of waterproofing are driving the growth of the global waterproofing membrane market by creating a greater demand for waterproofing solutions to protect buildings and infrastructure.

Environment issues and potential health concerns

Some waterproofing membranes contain chemicals that may be harmful to human health if they are released into the environment or come into direct contact with people. This can create potential health risks, such as skin irritation and respiratory problems, which can discourage people from using waterproofing membranes. Disposing used waterproofing membranes can also pose a challenge, as they are not biodegradable and can contribute to the growing problem of waste accumulation. This can increase environmental concerns and reduce the demand for waterproofing membranes.

Furthermore, environmental issues and potential health concerns associated with waterproofing membranes can impede the growth of the global waterproofing membrane market by reducing demand for these products.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global waterproofing membrane market is segmented based on material, type, usage, application and region.

The adoption of green roofs augments the growth of the building and structure application

The adoption of green roofs has increased the demand for waterproofing membranes in the building structure application. Waterproofing membranes are essential to protect the structure against water damage caused by vegetation, growing medium and heavy rainfall. Green roofs require waterproofing membranes that can withstand constant exposure to water and moisture, ensuring long-lasting building structure protection. This has increased the demand for high-quality and durable waterproofing membranes, driving the market's growth. Furthermore, these factors drive the application segment's growth, boosting the market's growth.

Geographical Analysis

The robust construction industry in the region generates demand for waterproofing applications

North America is a major contributor to the growth of the global waterproofing membrane market. North America has a robust construction industry, one of the major end-users of waterproofing membranes. With the increasing construction activities in the region, the demand for waterproofing membranes is also increasing. North America has some of the strictest building codes and regulations in the world, which require waterproofing membranes in building structures to prevent water damage and ensure safety. This has led to an increase in demand for waterproofing membranes in the region.

Competitive Landscape

The major global players include SIKA AG, Tremco, BASF SE, Soprema Group, Fosroc International Limited, Carlisle Construction Company, Johns Maville, Renolit SE, Schluter-Systems Ltd. And Chryso SAS.

Why Purchase the Report?

• To visualize the global waterproofing membrane market segmentation based on material, type, usage, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of waterproofing membrane market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global waterproofing membrane market report would provide approximately 69 tables, 72 figures and 205 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies