As per the recently published report by MarketsandMarkets™, the “Waterproofing Membranes Market by Raw Material, Type (Liquid Applied, Sheet Based), Usage (New Construction, Refurbishment), Application (Building Structure, Roofing, Roadways, Waste & Water Management, Walls), and Region- Global Forecast to 2025”, size is estimated at USD 33.5 billion in 2020 and is projected to reach USD 38.8 billion by 2025, at a CAGR of 5.4%.
Waterproofing membranes are materials that are used to prevent water ingress in any building structure. These are available in sheet form or can be liquid applied. These membranes are easy to handle, easy to apply, highly efficient, flexible, and also provide improved strength, tear resistance, weathering resistance, UV stability, and elasticity to the applied surface. They are used for applications, such as roofing & walls, building structures, waste & water management activities, tunnel liners, bridges & highways, and others.
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124 Market data Tables
40 Figures
189 Pages and in-depth TOC on “Waterproofing Membranes Market – Global Forecast to 2025”
This report also provides a comprehensive analysis of the companies listed below:
The key players in the waterproofing membranes market include Sika (Switzerland), Tremco (US), BASF (Germany), Soprema (France), GCP applied technologies (US), Fosroc (UK), Mapei (Italy), Carlisle Construction Company (US), Johns Manville (US), and Renolit (Germany). These players have established a strong foothold in the market by adopting strategies, such as expansions, mergers & acquisitions, agreements & partnerships, and new product launches.
Recent Developments
In March 2020, Sika put into operation a new production facility for the SikaProof structural waterproofing membrane, at Sarnen, Switzerland. This investment in the expansion will boost manufacturing efficiency and enable the company to serve the rapidly growing market.
In February 2019, Tremco has launched a new product under the brand name POWERply Endure Membranes. These membranes can be installed in a variety of hot and cold adhesives and form exceptionally durable, waterproof roofs when paired with POWERply Endure BIO Adhesive.
In May 2018, GCP Applied Technologies has acquired UK .based R.I.W. Limited, a supplier of waterproofing products for USD 30 million. The company provides products for commercial and residential construction applications. This deal expanded GCP Applied Technologies’ penetration of waterproofing projects in the UK.
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Sika AG (Switzerland) is one of the leading manufacturers and distributors of waterproofing membranes. The company adopted mergers & acquisitions as one of its key business strategies. For instance, in June 2020, the company acquired Modern Waterproofing Group, a leading manufacturer of roofing and waterproofing membranes in Egypt. It was an addition to the product portfolio of Sika Egypt and offered new opportunities for growth in the Egyptian construction market. The acquired business generates annual sales of USD 28.5 million.
GCP Applied Technologies (US) one of the largest manufacturer of construction products globally. The company is among the key players in the waterproofing membranes market. The company adopted the strategies of merger & acquisition as a key startegy to strengthen its competitiveness in the global waterproofing membranes market. For instance, in 2017 the company has expanded the production capacity of its manufacturing plant in Mt. Pleasant, Tennessee. The facility manufactures GCP’s industry-leading Preprufe and Bituthene waterproofing membranes, as well as its flagship product ICE & WATER SHIELD. The expanded facility has been featured in a new production line dedicated to manufacturing GCP’s range of waterproofing membranes.
The Asia-Pacific (APAC) region is projected to be the leading market for waterproofing membranes. This dominance is driven by factors such as rapid urbanization, increasing construction activities, and a growing awareness of the importance of waterproofing in infrastructure projects. APAC’s construction boom, particularly in countries like China and India, has fueled the demand for waterproofing membranes in various applications, including roofing, underground construction, and water management systems. Additionally, the region’s susceptibility to heavy rainfall and extreme weather conditions has further boosted the need for effective waterproofing solutions.
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