Global Waterproofing Membranes Market Trends, Forecast Report 2025-2037
Waterproofing Membranes Market size is set to increase from USD 11.72 billion to USD 32.16 billion, witnessing a CAGR of around 8.1% during the forecast period, from 2025 to 2037. In the year 2025, the industry size of waterproofing membranes is assessed at USD 12.48 billion.
Rapid urbanization, population growth, and infrastructure development were boosting construction activities worldwide. This, in turn, was increasing the demand for waterproofing materials to protect buildings and structures from water damage. Governments and private sectors were investing heavily in infrastructure development, including transportation, roads, bridges, and tunnels, leading to increased demand for waterproofing solutions. With a greater emphasis on sustainability and energy efficiency, waterproofing membranes became crucial to maintain the integrity of structures and reduce energy consumption.
Waterproofing Membranes Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing construction activities: The construction industry's growth is one of the primary drivers for the waterproofing membranes sector. According to a report, the global construction industry was expected to reach a value of over USD 17 trillion by 2024.
- Rising Infrastructure development: Investments in infrastructure projects, such as roads, bridges, tunnels, and public utilities, were on the rise globally.
- Urbanization and population growth: Rapid urbanization and population expansion were driving the need for more housing and infrastructure, leading to increased construction activities and, subsequently, higher demand for waterproofing solutions.
Challenges
- Intense competition: The waterproofing membranes market is highly competitive, with numerous manufacturers and suppliers offering a wide range of products. This competition can lead to pricing pressures and reduced profit margins for companies in the industry.
- Complex installation
- Environmental concerns
Waterproofing Membranes: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.1% |
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Base Year Market Size (2024) |
USD 11.72 billion |
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Forecast Year Market Size (2037) |
USD 32.16 billion |
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Regional Scope |
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Waterproofing Membranes Segmentation
Type (Bituminous, Polymeric)
The bituminous segment share is predicted to cross 65% by 2037. Bituminous waterproofing membranes are often considered more cost-effective compared to other types of waterproofing materials. This affordability makes them a popular choice for various construction projects. Bituminous membranes are available in different forms, including torch-applied, self-adhesive, and hot-mopped, making them suitable for various application methods and project requirements. Additionally, their ease of installation compared to some other waterproofing systems contributes to their popularity.
End User (Construction, Mining, Waste Management)
The construction segment is expected to garner significant market share by 2037. Rapid urbanization and population growth have been significant drivers of construction activities worldwide. As more people move to urban areas, there is an increased demand for housing, infrastructure, commercial buildings, and other construction projects. According to the United Nations, the global urban population was projected to increase from 55% in 2018 to 68% by 2050, indicating the ongoing trend of urbanization driving construction demand.
Our in-depth analysis of the global market includes the following segments:
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Type |
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End User |
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Customize this ReportWaterproofing Membranes Industry – Regional Synopsis
APAC Market Forecast
The waterproofing membranes market in the Asia Pacific region is anticipated to account for majority share of 38% by the end of 2037. The Asia Pacific region is prone to natural disasters such as heavy rainfall, typhoons, and flooding. As a result, there is a high demand for waterproofing solutions to protect buildings, infrastructure, and underground facilities from water damage during adverse weather events. The global trend of innovation in waterproofing membrane technology implies that the Asia Pacific region would have benefitted from similar developments.
North American Market Statistics
The North America waterproofing membranes market is poised to grow at lucrative growth rate during the forecast period. The North American construction industry was witnessing growth, driven by new residential, commercial, and industrial construction and renovation and repair projects. This surge in construction activities contributed to the demand for waterproofing membranes. According to Statista, the total construction spending in the United States was noted to reach over USD 1.4 trillion in 2022, indicating robust growth in the construction sector.
Companies Dominating the Waterproofing Membranes Landscape
- Sika AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- BASF SE
- Carlisle Companies Incorporated
- Dow Inc.
- GCP Applied Technologies Inc.
- Firestone Building Products Company, LLC
- Kemper System America, Inc.
- Saint-Gobain Weber
- Pidilite Industries Limited
- Fosroc International Limited
In the News
- BASF completes the carve-out of mobile emissions catalysts and precious metals services businesses. BASF has completed the carve-out of its mobile emissions catalysts and precious metals services businesses and named the separate legal entity BASF Environmental Catalyst and Metal Solutions (ECMS). The company's intention to carve out the entity was first announced in December 2021 with an expected completion timeframe of 18 months.
- BASF increases production capacity for medium-molecular weight polyisobutenes in Ludwigshafen, Germany. BASF has increased production capacity for medium-molecular weight polyisobutenes (IMWI) at its site in Ludwigshafen, Germany. The new capacity will be used to meet the growing demand for IMWI, which is used in a variety of applications, including adhesives, lubricants, and elastomers.
Author Credits: Rajrani Baghel
- Report ID: 3392
- Published Date: Jan 28, 2025
- Report Format: PDF, PPT
