Global Waterproofing Membranes Market Size To Worth USD 53.35 Billion By 2033 | CAGR of 8.38%
Category: Chemicals & MaterialsGlobal Waterproofing Membranes Market Size To Worth USD 53.35 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Waterproofing Membranes Market Size is Expected to Grow from USD 23.85 Billion in 2023 to USD 53.35 Billion by 2033, at a CAGR of 8.38% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the "Global Waterproofing Membranes Market Size, Share, and COVID-19 Impact Analysis, By Product (Liquid Applied Membranes and Sheet Membranes), By Application (Roofing, Walls, Building Structure, Tunnel & Landfills, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/waterproofing-membranes-market
The waterproofing membranes market is the market that sells materials for preventing water from damaging structures. A waterproofing membrane is a layer of water-tight material that lies on a surface to prevent water leaks or damage. These membranes can be made of coated fabric, rubber, or waterproof plastic. For usage in environmentally friendly building projects that incorporate green roofs and green buildings, manufacturers are increasingly certifying their products as green, which is responsible for bolstering lucrative market growth opportunities for waterproofing membranes. The increasing need for waterproofing membranes from the waste and water management sector along with the surging development in water conservation infrastructure is propelling the waterproofing membranes market. The economic development, increasing urbanization, and industrialization in emerging economies also lead to propel the market for waterproofing membranes. On the contrary, the risk factors associated with the use of waterproofing chemicals are challenging the market growth.
The liquid applied membranes segment dominated the global waterproofing membranes market with the largest revenue share of over 64.1% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the global waterproofing membranes market is divided into liquid applied membranes and sheet membranes. Among these, the liquid applied membranes segment dominated the global waterproofing membranes market with the largest revenue share of over 64.1% in 2023 and is expected to grow at a significant CAGR during the forecast period. Application of liquid to a surface to prevent water intrusion is involved in liquid applied waterproofing membrane. The market for liquid applied membranes is being driven by growing consumer knowledge of product benefits and the advancement of water conservation and treatment infrastructure.
The roofing segment dominated the market with the largest revenue share of 37.9% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the global waterproofing membranes market is divided into roofing, walls, building structure, tunnel & landfills, and others. Among these, the roofing segment dominated the market with the largest revenue share of 37.9% in 2023 and is expected to grow at a significant CAGR during the forecast period. Because of their durability and low cost, bituminous membranes are widely used in roofing applications. The market in the roofing application segment is being driven by the increasing demand for sheet membranes for roofs due to increased exposure to precipitation and environmental moisture.
Asia Pacific is projected to hold the largest share of the global waterproofing membranes market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global waterproofing membranes market over the forecast period. The growing waste management and roofing sectors as well as the usage of waterproofing membranes in mining application are propelling regional market expansion. Further, the rapid industrialization along with the expanding infrastructure, especially in China and India are responsible for propelling the market.
North America is predicted to grow at the fastest CAGR in the waterproofing membranes market over the forecast period. The increased investment in warehouse construction for the retail, healthcare, and automotive application sectors that need waterproofing solutions is propelling the market. In addition, the snowfall in the region exacerbates water leaks and can cause structural damage which positively influencing the sales of waterproof membranes, thereby driving the market.
Major key players in the waterproofing membranes market include BASF SE, Kemper System America, Inc., Sika, Tremco, Soprema, GAF Materials Corporation, Fosroc Ltd, GCP applies technologies, Mapei, Paul Bauder GmbH & Co. KG, CICO Technologies Ltd., GAF Materials Corporation, Alchimica Building Chemicals, Maris Polymers, Isomat S.A., Bayer MaterialScience AG, Johns Manville, Carlisle Construction Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2023, France-based Saint-Gobain acquired Matchem in Brazil and started exclusive negotiations to acquire IDP Chemicals in Egypt via its Chryso subsidiary. Both transactions are intended to strengthen the company’s presence in the construction chemicals market with a focus on concrete admixtures.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global waterproofing membranes market based on the below-mentioned segments:
Global Waterproofing Membranes Market, By Product
- Liquid Applied Membranes
- Sheet Membranes
Global Waterproofing Membranes Market, By Application
- Roofing
- Walls
- Building Structure
- Tunnel & Landfills
- Others
Global Waterproofing Membranes Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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