Liquid Applied Membranes Market Size to Reach $27.34 Billion by 2029 | Growth at 7.6% CAGR Forecast

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What is the Projected Market Size of the Liquid Applied Membranes Industry?
In recent times, the market size for liquid applied membranes has experienced significant growth. From a mark of $19.4 billion in 2024, the market is expected to climb to $20.42 billion in 2025, observing a compound annual growth rate (CAGR) of 5.2%. Factors contributing to this growth throughout the historical period include infrastructure development, the need for waterproofing, an uptake in construction activities, consciousness about the integrity of the building envelope, as well as growth in the commercial and industrial sectors.

What Will Be the Size of the Liquid Applied Membranes Market by 2029?
The market for liquid applied membranes is anticipated to experience robust growth in the coming years, reaching a value of $27.34 billion in 2029 with a 7.6% compound annual growth rate (CAGR). This expansion during the forecast period is the result of factors such as urban development and population expansion, the emphasis on ecologically-sound construction practices, material science advances, renovation of decaying structures, up-and-coming markets, and infrastructure funding. Key trends during the forecast period are likely to cover sustainable and environment-friendly practices, polyurethane technology, innovative application methods, amalgamation with green roofs and living walls, and the digitization of membrane solutions.

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What Are the Key Drivers Accelerating Growth in the Liquid Applied Membranes Market?
The surge in construction activities within the residential and commercial sphere is fueling the liquid-applied membrane market. Residential construction encapsulates the building of homes and other domestic dwellings, while commercial construction concerns the erection* of buildings intended for business use. Liquid-applied membranes are a valuable tool in waterproofing and are utilized during construction to enhance and bolster systems. The Office for National Statistics, a UK-based Statistics Authority, reported in November 2023 that the overall new work in the construction sector rose by $19781.69 million in 2022, showing growth in both the private and public sectors, which increased by 16.8% and 13.1%, respectively, when compared to 2021. Moreover, as reported by the United States Census Bureau, a principal Federal statistical agency in the US, the count of privately-owned housing units approved via building permits in February was 1,524,000 on a seasonally adjusted yearly rate in March 2023. This is a 13.8% increase when compared to the corrected rate of 1,339,000 in January. Thus, the escalating construction activities in the residential and commercial sectors are propelling growth in the liquid-applied membrane market.

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How Is the Liquid Applied Membranes Market Segmented by Type, Application, and Region?
The liquid applied membranes market covered in this report is segmented -

1) By Type: Polyurethane, Cementitious, Bituminous, Other Types
2) By Application: Roofing, Walls, Underground And Tunnels, Other Applications
3) By End-Use: Residential Construction, Commercial Construction, Public Infrastructure

Subsegments:
1) By Polyurethane: Aromatic Polyurethane, Aliphatic Polyurethane
2) By Cementitious: Polymer-Modified Cementitious, Non-Polymer-Modified Cementitious
3) By Bituminous: Hot Applied Bituminous, Cold Applied Bituminous
4) By Other Types: EPDM (Ethylene Propylene Diene Monomer), TPO (Thermoplastic Olefin)

What Are the Key Trends Driving Growth in the Liquid Applied Membranes Market?
Firms that have a significant presence in the liquid applied membranes market are prioritizing the invention of superior waterproofing measures, geared towards bolstering energy efficiency and the lifespan of buildings. In this context, superior waterproofing methods imply trailblazing strategies and substances that are purposed to form robust barriers against permeation of water, thereby offering enduring protection to structures stationed in varying conditions. In an instance, Mapei, an establishment based in Italy and majoring in the manufacture of chemical products, sealants, and glues for building purposes, rolled out polylastic water-based bitumen in July 2023. This is a liquid-applied membrane that incorporates bitumen's properties, coupled with next-gen polymer technology to realize a stretchable and resilient waterproofing remedy. Polylastic water-based bitumen is easy to apply on different surfaces, gives top-notch adherence, and exhibits resistance to water invasion, whilst maintaining its eco-friendly nature courtesy of its water-centric formulation. Of particular note is this membrane's proficiency in shielding roofs, foundations, and similar structures from dampness-related impairment, hence guaranteeing extended effectiveness and dependability.

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Who Are the Leading Companies Driving Growth in the Liquid Applied Membranes Market?
Major companies operating in the liquid applied membranes market include Dow Inc., Fosroc International Limited, GAF Materials Corporation, Kemper System Inc., Mapei S.p.A., Pidilite Industries Limited, Sika AG, CICO Technologies Limited, BASF SE, SOPREMA S.A.S., Saint-Gobain Corporation, H.B. Fuller Construction Products Inc., Johns Manville Corporation, Henkel Polybit LLC, ISOMAT S.A., MBCC Group, GCP Applied Technologies Inc., Carlisle Companies Inc., Firestone Building Products, Mule-Hide Products Co. Inc., Tremco Incorporated, Garland Industries Inc., Polyglass Inc., IKO Industries Ltd., Derbigum Americas Inc., Karnak Corporation, Polycoat Products, Western Colloid Roofing Systems, American Hydrotech Inc., Henry Bakor Inc.

Which Is the Leading Region in the Global Liquid Applied Membranes Market?
Asia-Pacific was the largest region in the liquid applied membrane market in 2024. North America is expected to be the fastest-growing region in the global liquid applied membranes market during the forecast period. The regions covered in the liquid applied membranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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