Sheet Membrane Market is Forecasted to Reach US$ 25.8 Billion in 2030, Says Stratview Research

The global sheet membrane market is projected to witness a growth rate of 4.4% annually from 2024 to 2030, with an anticipated size of US$ 25.8 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global sheet membrane market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Market Statistics:
Market Size in 2024: US$ 19.9 billion
Market Size in 2030: US$ 25.8 billion
Growth (CAGR): 4.4% during 2024-2030
Leading Product Type: Bitumen
Leading Application Type: Roofing
Leading End-Use Type: Non-Residential
Leading Bitumen Grade Type: APP
Leading Installation Type: Torch Applied
Leading Construction Type: New construction
Leading Region: Asia-Pacific
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 7
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Sheet Membrane Market:
The global sheet membrane market is segmented based on product type, application type, end-use type, bitumen-grade type, installation type, construction type, and region.

Based on the product type - The sheet membrane market is segmented into bitumen, PVC, TPO, HDPE, and EPDM. Bitumen is expected to remain dominant, whereas PVC is expected to be the fastest-growing product type of the market over the years Due to its proven durability, cost-effectiveness, and widespread adoption, bitumen maintains its dominance in the sheet membrane market. However, the rise of TPO and PVC, driven by the demand for energy-efficient cool roof solutions, is reshaping the market. Their rapid growth signals a transition toward advanced waterproofing technologies, gradually challenging bitumen's stronghold.

Based on the application type - The market is segmented into roofing, foundation & below grade, water containing structures, car parking deck, and infrastructure. Roofing is projected to maintain its dominant share in the sheet membrane market's application segment. Driven by the demand for durable, energy-efficient solutions, roofing continues to lead the sheet membrane market, spanning new, repair, and maintenance projects. Its dominance and rapid growth from 2024 to 2030 are propelled by increasing construction investments and a global surge in home improvement activities.

Based on the end-use type - The market is segmented into residential, non-residential, and infrastructure segments. Non-residential category is expected to remain the dominant and fastest-growing end-use type of the market during the forecast period. Fuelled by expansive commercial and industrial developments, the non-residential sector continues to command end-use type, demanding robust waterproofing solutions. Meanwhile, residential growth gains momentum as homeowners embrace renovations, and stricter regulations push for enhanced building protection.

Based on the bitumen-grade type - The market is segmented into APP, SBS, and oxidized. Atactic Polypropylene (APP) dominates sheet membrane waterproofing due to its superior UV resistance, durability, and thermal stability, while SBS (Styrene-Butadiene-Styrene) is anticipated to experience growth during the forecast period due to its superior flexibility, elongation properties, and better adhesion to various surfaces.

Based on the installation type - The market is segmented into torch applied, cold applied, Self-adhesive, hot-mopped, and Mechanical Fixing. Torch-applied and mechanical fixing remain the dominant installation techniques and are projected to lead in the coming years due to their reliability and efficiency. However, self-adhesive installation is expected to witness higher growth, driven by ease of application and labor efficiency.

Based on the construction type - The market is segmented into new construction and renovation. New construction is the fastest growing segment in the construction industry, outpacing renovation. Backed by increasing urbanization and infrastructure growth, new construction serves as the market's primary catalyst. Meanwhile, renovation sustains steady demand as older structures require modernization, and sustainability efforts push for enhanced waterproofing solutions.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific region is expected to remain the largest market for sheet membrane market during the forecast period. This growth outlook is majorly attributed to the following-
- The Asia-Pacific region will lead due to urbanization, infrastructure projects, and strong construction demand.
Likewise, North America is likely to grow at the highest rate by 2030. North America is driven by renovations, stringent regulations, and increasing adoption of advanced, sustainable waterproofing solutions.

Sheet Membrane Market Drivers:

Some of the key drivers listed in the report are given below.
- Expansion of commercial and industrial construction
- Rising investments in public infrastructure

Top Companies in the Sheet Membrane Market:

The market is moderately concentrated, with some local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players.
- Oriental Yuhong Waterproofing Technology Co., Ltd.
- Sika AG
- Soprema Group
- RPM International Inc.
- Standard Industries Inc.
- Carlisle Companies Inc.
- Keshun Waterproof Technology Co., Ltd.
- Saint-Gobain
- Mapei S.p.A.
- Holcim Group

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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