The global waterproofing membrane market size was valued at USD 30.74 billion in 2024. The market is projected to grow from USD 32.43 billion in 2025 to USD 47.71 billion by 2032 at a CAGR of 5.7% during the forecast period of 2025-2032. A waterproofing membrane is a protective layer designed to prevent water from penetrating and damaging structures. Widely used in construction, it safeguards buildings, roofs, foundations, and other structures against water infiltration. Acting as an effective barrier, it stops moisture from seeping through vulnerable surfaces. Growing emphasis on building safety, sustainability, and occupant health is expected to drive the demand for advanced, high-quality waterproofing membranes.
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Drivers & Restraints:
What is driving the growth of the waterproofing membrane market?
Rising demand for residential spaces in developing countries, fueled by population growth and government housing initiatives, is boosting the market. For example, India approved over 168,000 urban houses under the Pradhan Mantri Awas Yojana (PMAY) in 2021.
What factors may restrain market growth?
Some waterproofing membranes contain solvents and additives that release toxic fumes and VOCs, which can hinder market expansion.
Segmentation Analysis:
By Type
Which type dominates the market?
A: Sheet-based waterproofing membranes led the market in 2024 and are projected to grow steadily.
Why are sheet-based membranes preferred?
A: They provide uniform thickness, high durability, flexibility, and resistance to UV radiation and chemicals. Common types include modified bitumen, PVC, TPO, EPDM, and fluoropolymer sheets.
By Application
Which application holds the largest share?
A: Roofing, driven by the need for durable and sustainable solutions; bituminous membranes are widely used.
Which application is expected to grow rapidly?
A: Walls, due to the need for moisture protection in below-grade and exterior walls amid rising infrastructure and construction investments.
Regional Insights:
Which region dominates the market?
A: Asia Pacific, with revenue of USD 10.56 billion in 2020, remains a leader due to rising urban populations and demand for water-resistant infrastructure.
What is driving growth in Latin America and North America?
A: In Latin America, government investments in infrastructure are boosting demand. In North America, ongoing construction projects, such as Ethos Development’s five-story, 166-apartment building in Oregon, are propelling growth.
Competitive Landscape:
Key Companies Aim to Fulfil Unmet Demand by Introducing Novel Solutions
The global market houses several reputed manufacturers of waterproofing membrane that are currently striving to keep up with the high demand for the product from the expanding building and construction sector. Also, the emergence of green buildings is set to drive its demand. Some of the others are focusing on the acquisition strategy to compete with prominent firms.
List of Top Waterproofing Membrane Companies:
- Sika AG (Switzerland)
- Tremco Incorporated (U.S.)
- BASF SE (Germany)
- Soprema Group (France)
- GCP Applied Technologies (U.S.)
- Fosroc, Inc. (India)
- Mapei S.p.A. (Italy)
- Carlisle Company Incorporated (U.S.)
- Johns Manville (U.S.)
- Elmich Singapore (Singapore)
- Other Players
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