Market Size of waterproofing membranes Industry
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 19.17 Billion |
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Market Size (2030) | USD 29.23 Billion |
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Largest Share by End Use Sector | Industrial and Institutional |
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CAGR (2024 - 2030) | 7.28 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Waterproofing Membranes Market Analysis
The Waterproofing Membranes Market size is estimated at 19.17 billion USD in 2024, and is expected to reach 29.23 billion USD by 2030, growing at a CAGR of 7.28% during the forecast period (2024-2030).
19.17 Billion
Market Size in 2024 (USD)
29.23 Billion
Market Size in 2030 (USD)
5.71 %
CAGR (2018-2023)
7.28 %
CAGR (2024-2030)
Largest Market by Technology
38.41 %
value share, Cold Liquid Applied, 2023
The segment holds the largest share due to its widespread use in commercial and industrial constructions for various applications due to its flexible, sturdy, elastic, and tear-resistant properties.
Largest Market by End Use Sector
34.18 %
value share, Industrial and Institutional, 2023
Due to the growing consumption of waterproofing solutions for applications such as roofing, building decks, basements, etc., from the food, oil and gas, and chemical industries, the sector occupied the largest market share.
Largest Market by Region
56.42 %
value share, Asia-Pacific, 2023
Asia-Pacific dominated the market due to the growing industrial construction activities in the region and the increasing demand for cementitious grout in countries like China, India, Japan, and South Korea.
Fastest Market by Region
7.94 %
Projected CAGR, Asia-Pacific, 2024-2030
Asia-Pacific is expected to witness the fastest growth due to growing investments in infrastructure projects, government initiatives, fast-paced urbanization, and industrialization.
Leading Company
8.21 %
market share, Sika AG, 2022
The company's broad range of high-quality products, well-established network, robust supply chain, and strategic expansions and acquisitions in the construction industry make it a major player in the market.
Warehousing space in leading countries such as India is expected to reach around 500 million sq. ft by 2030 and is likely to drive the demand for waterproofing membranes
- In 2022, the global consumption of waterproofing membranes saw a 5.33% growth in value, driven by rising demand from the industrial, institutional, and residential construction sectors. By 2023, waterproofing membranes were projected to dominate the global waterproofing solutions market, accounting for approximately 73.57% of the total share.
- The industrial and institutional sector emerged as the largest consumer of waterproofing membranes, representing about 33.97% in 2022. Notably, the United States is set to invest a staggering USD 47.59 billion in new industrial buildings by 2026. Furthermore, the global industrial floor area is expected to rise by 3.09% from 2023 to 2030, largely driven by a surge in warehousing space. For instance, India's warehousing space is projected to hit 500 million sq. ft by 2030. Consequently, the global waterproofing membranes market for this sector is expected to reach USD 9.44 billion in 2030.
- The residential sector is poised to be the fastest-growing consumer of waterproofing membranes, with a notable CAGR of 8.18% during the forecast period. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling housing demands worldwide. By 2030, it is estimated that over 40% of India's population will reside in urban areas, necessitating around 25 million additional affordable housing units. As a result, the global waterproofing membranes market for the residential sector is projected to surge from USD 4.8 billion in 2023 to USD 8.3 billion in 2030.
Fast-paced construction activities in Asia-Pacific and North America predicted to bolster the demand for waterproofing membranes globally
- Waterproofing membranes play a crucial role in various facets of building construction, particularly in areas like bathrooms and basements, where water infiltration must be prevented. The global market for waterproofing membranes witnessed a 5.33% increase in value from 2021 to 2022. Notably, the Middle East & Africa led the charge with a robust 9.85% growth, closely followed by South America at 6.51%. The global waterproofing membranes market was projected to witness a 6% volume growth in 2023 compared to the preceding year.
- In 2022, the Asia-Pacific region significantly dominated the market, accounting for 56% of the market share by value. Countries like China, Japan, and India had an assertive influence over the demand for waterproofing membranes in the region. China's public expenditure on transport infrastructure reached USD 165.6 billion in 2022 compared to USD 157.6 billion in 2021. Similarly, the rising construction of manufacturing facilities in Japan, along with India's vision to increase its connectivity through roads, railways, and highways, propelled the growth of the construction sector in the region. This increased the consumption of waterproofing membranes used for building and construction.
- Looking ahead, the Asia-Pacific market is poised for the fastest growth, registering a CAGR of 8.04% in value, followed by North America at 7.18%. These regions are expected to witness a surge in construction activities due to substantial investments from both government and foreign sources. This uptick in construction is anticipated to fuel the demand for waterproofing membranes.
Waterproofing Membranes Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Cold Liquid Applied, Fully Adhered Sheet, Hot Liquid Applied, Loose Laid Sheet are covered as segments by Technology. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In 2022, the global consumption of waterproofing membranes saw a 5.33% growth in value, driven by rising demand from the industrial, institutional, and residential construction sectors. By 2023, waterproofing membranes were projected to dominate the global waterproofing solutions market, accounting for approximately 73.57% of the total share.
- The industrial and institutional sector emerged as the largest consumer of waterproofing membranes, representing about 33.97% in 2022. Notably, the United States is set to invest a staggering USD 47.59 billion in new industrial buildings by 2026. Furthermore, the global industrial floor area is expected to rise by 3.09% from 2023 to 2030, largely driven by a surge in warehousing space. For instance, India's warehousing space is projected to hit 500 million sq. ft by 2030. Consequently, the global waterproofing membranes market for this sector is expected to reach USD 9.44 billion in 2030.
- The residential sector is poised to be the fastest-growing consumer of waterproofing membranes, with a notable CAGR of 8.18% during the forecast period. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling housing demands worldwide. By 2030, it is estimated that over 40% of India's population will reside in urban areas, necessitating around 25 million additional affordable housing units. As a result, the global waterproofing membranes market for the residential sector is projected to surge from USD 4.8 billion in 2023 to USD 8.3 billion in 2030.
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Technology | |
| Cold Liquid Applied | |
| Fully Adhered Sheet | |
| Hot Liquid Applied | |
| Loose Laid Sheet |
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Waterproofing Membranes Market Size Summary
The waterproofing membranes market is experiencing significant growth, driven by increasing demand across various sectors such as industrial, institutional, and residential construction. This growth is fueled by rapid urbanization, government initiatives, and substantial investments in infrastructure and housing. The market is characterized by its critical role in preventing water infiltration in building construction, particularly in areas like bathrooms and basements. The Asia-Pacific region dominates the market, with countries like China, Japan, and India leading the demand due to their expansive construction activities. The region is expected to continue its rapid growth, supported by ongoing investments in commercial and residential projects. North America and Europe are also witnessing growth, with a focus on high-energy-efficient buildings and substantial investments in new office spaces.
The market landscape is fragmented, with major players such as Keshun Waterproof Technology Co., Ltd., Oriental Yuhong, Sika AG, Soprema, and Standard Industries Inc. holding a significant share. Recent strategic expansions and acquisitions by companies like Kingspan Group and Sika AG highlight the competitive nature of the market and the ongoing efforts to enhance their product offerings and market reach. The residential sector is anticipated to be the fastest-growing consumer of waterproofing membranes, driven by the need for affordable housing solutions in urban areas. As the global market continues to expand, the demand for innovative and effective waterproofing solutions is expected to rise, ensuring the market's robust growth trajectory over the forecast period.
Waterproofing Membranes Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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1.1 End Use Sector
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1.1.1 Commercial
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1.1.2 Industrial and Institutional
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1.1.3 Infrastructure
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1.1.4 Residential
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1.2 Technology
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1.2.1 Cold Liquid Applied
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1.2.2 Fully Adhered Sheet
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1.2.3 Hot Liquid Applied
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1.2.4 Loose Laid Sheet
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1.3 Region
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1.3.1 Asia-Pacific
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1.3.1.1 By Country
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1.3.1.1.1 Australia
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1.3.1.1.2 China
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1.3.1.1.3 India
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1.3.1.1.4 Indonesia
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1.3.1.1.5 Japan
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1.3.1.1.6 Malaysia
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1.3.1.1.7 South Korea
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1.3.1.1.8 Thailand
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1.3.1.1.9 Vietnam
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1.3.1.1.10 Rest of Asia-Pacific
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1.3.2 Europe
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1.3.2.1 By Country
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1.3.2.1.1 France
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1.3.2.1.2 Germany
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1.3.2.1.3 Italy
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1.3.2.1.4 Russia
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1.3.2.1.5 Spain
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1.3.2.1.6 United Kingdom
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1.3.2.1.7 Rest of Europe
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1.3.3 Middle East and Africa
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1.3.3.1 By Country
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1.3.3.1.1 Saudi Arabia
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1.3.3.1.2 United Arab Emirates
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1.3.3.1.3 Rest of Middle East and Africa
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1.3.4 North America
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1.3.4.1 By Country
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1.3.4.1.1 Canada
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1.3.4.1.2 Mexico
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1.3.4.1.3 United States
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1.3.5 South America
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1.3.5.1 By Country
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1.3.5.1.1 Argentina
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1.3.5.1.2 Brazil
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1.3.5.1.3 Rest of South America
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Waterproofing Membranes Market Size FAQs
How big is the Global Waterproofing Membranes Market?
The Global Waterproofing Membranes Market size is expected to reach USD 19.17 billion in 2024 and grow at a CAGR of 7.28% to reach USD 29.23 billion by 2030.
What is the current Global Waterproofing Membranes Market size?
In 2024, the Global Waterproofing Membranes Market size is expected to reach USD 19.17 billion.
