Waterproofing Membrane Market Size - By Product Type, By Application, By Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032

Waterproofing Membrane Market Size

The global waterproofing membrane market was valued at USD 32.8 Billion in 2023 and is estimated to grow at a CAGR of over 6.8% from 2024 to 2032. The market has steadily expanded, propelled by factors such as construction, infrastructure development, and a growing emphasis on sustainability and energy efficiency.
 

Rapid urbanization, especially in emerging economies, is fueling a surge in residential, commercial, and industrial construction projects. As the number and scale of buildings and infrastructure increase, so does the demand for waterproofing solutions to safeguard them from water-related damage.
 

In addition, heightened demand for waterproofing solutions is rising in the residential sector, driven by a surge in private housing projects, especially in areas vulnerable to heavy rainfall or flooding. Commercial entities, including office buildings, malls, and hotels, are also turning to advanced waterproofing systems. The push for high-quality waterproofing membranes in both residential and commercial construction is further amplified by stringent building codes emphasizing water resistance and energy efficiency. Additionally, many regions have enacted regulations aimed at mitigating water-related disasters, such as floods and heavy rainfall, bolstering the demand for waterproofing solutions.
 

Waterproofing Membrane Market Trends

Waterproofing trends are increasingly focused on providing sustainable, user-friendly, and long-lasting solutions. Innovations, ranging from advanced liquid membranes and advanced coatings to modern technologies in the construction and building sectors, are reshaping the waterproofing landscape. Designers of these trends prioritize creating solutions that are not only efficient and durable but also versatile in their applications.
 

As the demand for high-quality products surges, the market has seen the emergence of innovative waterproofing solutions. These include durable PVC-based membranes, high-tech coatings derived from acrylic or PU, and advanced nanocrystals. Such innovations empower contractors to execute their work with enhanced speed and efficiency, ensuring longevity. A notable trend in residential waterproofing is the adoption of hybrid materials, which significantly mitigate the risks of failures and water leaks.
 

Waterproofing high-rise buildings presents unique challenges that demand specialized attention. While waterproofing membranes manufactured from advanced materials like EPDM, TPO, and PVC offer superior protection, they come with a high upfront price tag. This cost can deter adoption in budget-sensitive construction projects or in economically constrained regions.
 

Producing waterproofing membranes depend on key raw materials, including bitumen, polymers like PVC and TPO, and various chemicals. Prices for these essentials can fluctuate dramatically, influenced by geopolitical tensions, supply chain disruption, or even the ever-changing costs of crude oil and petrochemical products. Such volatility directly impacts production expenses.
 

Waterproofing Membrane Market Analysis

Based on product type, the market can be segmented into liquid-applied membrane and sheet membrane. The sheet membrane segment accounted for revenue of around USD 18.3 Billion in the year 2023 and is estimated to grow at a CAGR of around 6.6% from 2024 to 2032.
 

Globalization and increased demand for quality products have led to innovative solutions like durable membranes made from PVC, Nanocrystals, and Acrylic/PU-based high-tech coatings. These advancements help waterproofing contractors provide faster, more efficient, and long-lasting solutions. Global warming is causing more heat waves, increasing evaporation from water bodies, and leading to more rainfall and tropical storms. Comprehensive waterproofing systems are essential during construction to maintain building integrity, reduce internal humidity, and protect interiors from moisture.
 

On the other hand, sheet waterproofing is a popular method used in construction, especially for roofs, foundations, basements, and other critical structural elements. As the construction industry evolves, the demand for efficient, sustainable, and durable solutions grows. However, Volatile Organic Compounds (VOCs) in waterproofing materials can harm indoor air quality and contribute to environmental pollution. This has led to a rising demand for low-VOC or zero-VOC sheet membranes. These products are increasingly used in green building projects seeking certifications like LEED (Leadership in Energy and Environmental Design).
 

Based on the application, the global waterproofing membrane market is categorized as roofing, basement & foundation, walls & facades, landfills & tunnels, and others. The roofing segment held around 32% of the total market share in 2023 and is anticipated to grow at a CAGR of 7% during the forecast period.
 

People use polymer-modified cementitious coatings to waterproof tanks and basements. These coatings are popular because tanks store substantial amounts of water for extended periods, and basements often leak from above. Liquid waterproofing membranes are the preferred solution for moisture-proofing retaining walls. With a focus on energy efficiency and sustainability, cool roofs and green roofs are becoming more popular. There is a growing demand for waterproof membranes that reflect heat and are eco-friendly.
 

Furthermore, as urban construction grows, residential and commercial buildings need effective waterproofing for external walls and facades, especially in areas with heavy rain or high humidity. Hybrid systems that combine liquid-applied and sheet membranes are increasingly popular. These systems offer waterproofing and protection against UV radiation and harsh weather.
 

In terms of the country, the U.S. dominates with an overall North America waterproofing membrane market and valued at USD 6.4 Bn in 2023 and is estimated to grow at a CAGR of over 6.7% from 2024 to 2032. The U.S. market has grown significantly in recent years. This growth is driven by increased construction activities, stricter building regulations, and greater awareness of the need for durable waterproofing solutions.
 

For instance, according to the U.S. Department of Housing and Urban Development's Census data, privately-owned housing completions in September 2024 reached a seasonally adjusted annual rate of 1,680,000. This figure marks a 5.7 percent decline from the revised August estimate of 1,781,000, yet it stands 14.6 percent higher than the September 2023 rate of 1,466,000. In September, single-family housing completions were recorded at a rate of one million, reflecting a 2.7 percent decrease from the revised August rate of 1,028,000. Additionally, the rate for units in buildings with five or more units in September was 671,000.
 

As a result, the U.S. market is poised to maintain its robust growth, driven by urbanization, stringent building codes, and a heightened demand for durable, sustainable materials.
 

North America: In terms of the country, the US dominates with an overall market share of around 75% in North America waterproofing membrane market. The U.S. market has grown significantly in recent years. This growth is driven by increased construction activities, stricter building regulations, and greater awareness of the need for durable waterproofing solutions.
 

On the other hand, Canada market expressing notable growth rate of around 6.9% in 2023. The Canada market is growing steadily due to increased construction, harsh weather, and the need for reliable water damage protection in buildings.
 

Europe: The Europe waterproofing membrane market with a market share of around 24% in 2023 and anticipated to grow with a CAGR of around 7.1% during the forecast period. Demand for waterproofing membranes is driven by the need to protect buildings from water damage, especially in areas with variable climates and heavy rainfall.
 

In terms of country, Germany market expressing notable growth rate of around 7.6% in 2023. Germany is a major market in Europe, supported by a strong construction industry, strict building codes, and climate conditions requiring durable waterproofing.
 

Asia Pacific: The Asia Pacific waterproofing membrane market with a market share of around 37% in 2023 and anticipated to grow with a CAGR of around 6.9% during the forecast period. The Asia Pacific market is rapidly growing due to urbanization, construction activities, and awareness of water-related damage, along with climate challenges like heavy rainfall and flooding.
 

In terms of country, China is dominating the Asia Pacific market in terms of market share of around 32% during the 2023. China's large construction sector, population, and frequent extreme weather make it a key market in the Asia Pacific region.
 

Waterproofing Membrane Market Share

In 2023, key companies like Derbigum International, Fosroc, GAF Materials, Maris Polymers and Sika held a combined market share of 10%-15%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
 

Advancements in materials science are driving the evolution of waterproofing technologies. Manufacturers are investing in research to create durable, sustainable, and cost-effective products. In cost-sensitive markets, competitive pricing is crucial, but it must not compromise quality. The rising demand for eco-friendly waterproofing solutions gives manufacturers a competitive edge offering sustainable products.
 

Waterproofing Membrane Market Companies

Major players operating in the waterproofing membrane industry are:

• Alchimica Building Chemicals
• Asian Paints 
• BASF 
• Bauder 
• Danrae Group
• Derbigum International
• Dow 
• Fosroc 
• GAF Materials
• Kemper System
• Koster Bauchemie
• Maris Polymers
• Pidilite Industries
• Sika 
• Xypex Chemical
   

Waterproofing Membrane Industry News

• In September 2024, Dow unveiled its latest offering, the DOWSIL IE-9100 Emulsion, under the Dow Ecolibrium Brand portfolio. This durable water repellent (DWR) finishing product is designed to meet the textile industry's demand for high-performing water repellent fabrics. DOWSIL IE-9100 Emulsion empowers formulators and brand owners to customize water repellency levels, aligning with specific end-use requirements, a key advantage for performance apparel and technical textiles.
   
• In June 2023, Fosroc launched Polyurea WH 100, a versatile solution catering to diverse roof waterproofing needs. Its hand-applied nature simplifies installation, proving especially advantageous for flat roofs where detailing poses challenges and spray equipment may be absent.
   
• In April 2023, Xypex Chemical Corporation, renowned for its crystalline concrete waterproofing solutions, bolstered its foothold in Asia by inaugurating a new production facility in Greater Noida, Uttar Pradesh. Spanning 40,000 sq-ft, the plant is equipped for chemical manufacturing and distribution, targeting the region's upstream, midstream, downstream, and adjacent sectors. Additionally, the facility boasts a 30,000 sq-ft storage space.
   

This waterproofing membrane market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Liquid-applied membrane
  • Polyurethane
  • Acrylic
  • Bituminous
  • Cementitious
  • Others (silicone etc.) 
• Sheet membrane
  • PVC
  • EPDM
  • TPO
  • Others (nitrile rubber etc.)

Market, By Application

• Roofing
• Basement & foundation
• Walls & facades
• Landfills & tunnels
• Others (balconies etc.)     

Market, By Distribution Channel

• Direct sales
• Indirect sales   

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa