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Global Waterproofing Membranes Market 2024 - Analysis and Forecasts by Leading Players Fosroc, Dow chemical, BASF, Du Pont, Covestro, Pidilite, CICO Technologies, W.R. Meadows
Waterproofing Membranes Market
Waterproofing Membrane Market size is set to exceed USD 10.5 billion at the end of 2024. Positive outlook towards durable material usage in construction should drive industry growth. These products are widely used in installing and designing kitchens, laundries, and bathrooms. Raw material availability along with properties such as reduction in fluid permeability, UV resistance, and flexibility should enhance product demand.
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Polymer waterproofing membrane market size should generate over USD 5 billion in business by 2024. These are applied to prevent water migration and treat porous surface through seams or substrates. EPDM, TPO, PVC, and polyurethane are widely used in building structures and walls & roofing process.
China bitumen membrane market size from roofing applications is set to exceed USD 250 million at the end of forecast period. Atactic polypropylene (APP) butadiene and SBS bitumen are used for sealing purposes in construction buildings. U.S. waterproofing membrane market should witness significant gains over the foreseeable future. Increasing concern towards water and waste management should drive regional industry growth.
Increasing applications scope for PU based liquid waterproofing membrane for end-use applications such as roofs, wet area, decorative waterproofing and parking decks should favor product demand. Polyurethanes are widely used in industry on due to ease of application and uniformity should favor polymer market growth demand. Sheet waterproofing membrane market size should witness steady gains and surpass USD 3 billion by 2024. They are applied to roofs, kitchen floors, walls, balconies, bathrooms and wet rooms due to its low cost, safety and low maintenance properties.
UK waterproofing membrane market size should witness significant gains. Favorable government regulations on account of increasing infrastructure development should stimulate regional growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF SE
2. Sika AG
3. Pidilite Industries Ltd.
4. Paul Bauder GmbH & Co. KG
5. Kemper System America, Inc.
6. Dow Chemical Company
7. DuPont
8. GAF Materials Corporation
9. Fosroc Ltd.
10. CICO Technologies Limited
11. Maris Polymers
12. Alchimica Building Chemicals
13. Isomat S.A.
14. Saint-Gobain Weber GmbH
15. Covestro (Bayer MaterialScience AG)
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Companies partaking in this moderately consolidated business space are deemed to witness lucrative opportunities over the ensuing years, given the rising preference of green buildings both across developing as well as developed nations. In the face of intense share battle, waterproofing membranes market players have been increasingly joining forces with one another to come up with innovative solutions, in a bid to substantiate their position.
Recently for instance, BASF, one of the leading waterproofing membranes market giants, collaborated with SoloPower Systems, to launch a multi-layered seamless roofing system that would act as an interface between the environment and building. Reportedly, this highly enhanced multi-layered water proofing membrane holds considerable opportunities for cost effective energy saving in buildings. This breakthrough system, as per reliable sources is comparatively 60% lighter than the conventional roofs, subject to its unique architecture. Backed by a slew of advantages with regards to energy efficiency and environmental viability, this groundbreaking roofing system plausibly would bring a disruption in the waterproofing membranes industry.
- Waterproofing Membrane Market By Product
o Polymers
o PVC
o TPO
o EPDM
o Polyurethane
o Others
o Bitumen
o SBS Bitumen
o APP Bitumen
o Polymer modified cement
o Others
- Waterproofing Membrane Market By End-Use
o Roofing
o Walls
o Building structures
o Landfill & tunnels
o Others
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Global waterproofing membrane market share is fragmented. BASF, Sika AG, Pidilite Industries, and Paul Bauder are key notable companies. Other industrial participants include DuPont, Dow, CICO Technologies, Kemper System, Fosroc, and GAF Materials.
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