Market for Waterproofing Membranes is Anticipated to Grow at a CAGR of 8.0% by 2033

In 2023, the market for waterproofing membranes is anticipated to be worth $31.5 billion USD. A thin impermeable membrane known as waterproofing material works with asphalt to protect the buildings' underlying framework. The asphalt found in waterproofing membranes safeguards the underlying membrane and keeps the internal infrastructure's quality and support intact.

Waterproofing membranes are utilised to construct the base framework for residential, commercial, and industrial structures. Government initiatives to conserve water and manage wastewater increased demand for waterproofing membranes over the course of the anticipated period. The rehabilitation and modernization of existing infrastructure is what is driving the rising need for waterproofing membranes.

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Waterproofing Membranes Market: Key Findings

• The roofing segment will account for more than 30% of the overall market value, owing to heightening sales in infrastructure projects.
• Walls and building structures account for more than 50% of market shares on the back of water management systems.
• Tunnel and landfill applications are projected to offer remunerative opportunities for growth.
• Liquid-applied membranes are expected to grow twofold by the end of 2029.
• North America will remain a leading market accounting for a fourth of the overall market share.
• East Asia, South Asia and Oceania will generate numerous lucrative opportunities.

“Rising Raw Material & Production Costs to Inhibit the Market”

The cost and availability of raw materials directly impact the production process and overall profitability. Crude oil prices have surged as a result of rising geopolitical unpredictability, directly affecting numerous production businesses. Almost all industries have experienced higher pricing pressure, which points to a high inflation rate.

The network of the supply chain has also been disturbed by the rising cost of fuel. Despite high demand from the construction sector, rising prices might have a big impact on overall market growth. Additionally, the unavailability of raw materials is anticipated to limit the market's otherwise promising expansion.

Competitive Landscape:

Leading waterproofing membrane manufacturers are BASF SE, Alchimica Building Chemicals, Bayer Material Science AG, CICO Technologies Limited, Dow Chemical Company, and Sika AG.

In order to stand out from the competition in a market that is extremely competitive, major market participants are investing in product innovation. There are several local and regional companies on the extremely fragmented global market for waterproofing membranes.

In order to prevent any disruptions in the demand and supply chains, the lack of raw materials forces firms to tighten their ties with regional agricultural growers. Manufacturers are spending money on R&D to keep up with changing consumer demands in order to stay competitive.

Fact.MR has provided detailed information about the price points of key manufacturers of waterproofing membranes positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Key Driving Factors

• Investments in infrastructure development projects are a key driver bolstering waterproofing membrane sales.
• The high functionality of waterproofing membranes in minimizing water ingress are pushing market growth in developed regions.
• Easy maintenance and installation of modern waterproofing membranes would add to adoption rates.
• High importance being given to water conservation and wastewater management is contributing to growth.

Key Market Restraints

• Intense competition from eco-friendly alternatives is likely to restrain the market, impacting sales.
• Lack of awareness among contractors on the appropriate type and quality of construction materials is limiting broader adoption of waterproofing membranes.

Segmentation of Waterproofing Membranes Industry Research:

·         By Application:

• Liquid Applied Water Proofing Membrane

  • Cementitious

  • Bituminous

  • Polyurethane

  • Acrylic

  • Other

• Sheet Waterproofing Membranes

  • Bituminous

  • Polyvinyl Chloride

  • Ethylene Propylene Diene Monomer (EPDM)

  • Other

·         By End Use:

• Roofing
• Walls
• Building & Structures
• Tunnels & Landfills
• Other End Uses

·         By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

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Questionnaire answered in the Market outlook Report of Waterproofing Membranes include:

• What is the key strategy deployed by large players to maximize Waterproofing Membranes growth?
• What are the main challenges faced by players in the Waterproofing Membranes Demand?
• With the advent of technological advancement, how will the Waterproofing Membranes landscape change over the forecast period?
• What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Waterproofing Membranes size?