Market Insights
“The bitumen membrane market size was valued at US$ 11.5 billion in 2024 and is likely to grow at a CAGR of 3.6% in the long run to reach US$ 14.2 billion in 2030.”
Market Dynamics
Introduction
A high-performance waterproofing solution, the bitumen membrane is designed to resist moisture and environmental stress. Commonly used in building roofs, basements, tunnels, and bridge decks, it offers durability, flexibility, and long-term protection in demanding conditions. The market for bitumen membrane products experiences steady growth due to growing residential and commercial waterproofing needs and expanding infrastructure development as well as increasing construction industry operations. The market growth for bitumen membranes confronts impediments from installation expenses, labor-intensive installation techniques, and dependence on optimal temperature conditions. The rising environmental issues related to bitumen-based materials create a demand for sustainable waterproofing solutions.
Recent Market JVs and Acquisitions:
A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years
- In 2024, Mapei strengthened its market presence by acquiring Bitumat, enhancing its waterproofing solutions, expanding distribution in key regions, and driving synergies in innovation, manufacturing, and sustainable construction materials.
- In 2023, Sika acquired the MBCC Group. With a massive acquisition in the industry, the combined business will be a key accelerator in enabling both Sika’s and MBCC Group’s customers to drive sustainable transformation further and faster.
- In 2023, Bitec Inc., a manufacturer of bitumen roofing and waterproofing membranes, merged with Viking Products Group, formerly based in Northeast Ohio. This strategic partnership is expected to enhance Bitec’s market presence across the United States and Canada by leveraging Viking’s distribution network and operational capabilities.
- In 2023, Kingspan’s acquisition of Derbigum aligned with its expansion into sustainable waterproofing solutions. The integration of Derbigum’s expertise in circular economy roofing solutions strengthened Kingspan’s innovation pipeline and sustainability initiatives.
- In 2022, Carlisle Companies acquired MBTechnology to expand its portfolio of energy-efficient, modified bitumen roofing and underlayment systems. This move aligns with Carlisle’s strategy of strengthening its building envelope solutions and increasing market penetration.
- In 2022, the acquisition of Asfaltos ChovA reinforced BMI Group’s position in the Spanish flat roofing and waterproofing segment. By integrating Asfaltos ChovA’s expertise in thermal and acoustic insulation, the BMI Group aimed to enhance its product differentiation and regional market share.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High-Growth Opportunity
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Membrane-Type Analysis
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Sheet Membrane and Liquid-applied Membrane
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Sheet Membrane will sustain its leading membrane type in the coming years.
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Product-Type Analysis
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APP, SBS, and Oxidized
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APP is expected to remain the most attractive product type by 2030.
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Application-Type Analysis
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Roofing, Foundation & Below Grade, Water-Retaining Structures, Car Parking Decks, and Infrastructure
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Roofing takes the lead in terms of applications and is expected to grow at the highest rate between 2024 and 2030.
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End-Use-Type Analysis
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Residential, Non-residential, and Infrastructure
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Non-residential is the demand-generating end-use type and is likely to mark the highest growth during 2024-2030.
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Construction-Type Analysis
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New Construction and Renovation
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Renovation grabbed the major share of the market and is anticipated to be the fastest-growing construction type by 2030.
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Regional Analysis
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North America, Europe, Asia-Pacific, the Middle East, Latin America, and Africa
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Asia-Pacific remains the most valuable region and is expected to maintain its market share, while North America is projected to experience the highest growth during the forecast period.
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By Membrane Type
“Sheet Membrane is expected to remain the dominant membrane type of the market during the forecast period.”
The bitumen membrane market is segmented into sheet membranes and liquid-applied membranes. Sheet membranes will continue to dominate throughout the forecast period due to their superior durability, making them the preferred choice for large-scale commercial and infrastructure projects. Meanwhile, liquid-applied membranes are experiencing faster growth, driven by their adaptability to complex structures. The market is becoming more efficient as both segments align with evolving sustainability standards and the adoption of cool roofing technologies.
By Product Type
“APP is expected to remain the dominant product type of the market during the forecast period.”
The bitumen membrane market is segmented into APP, SBS, and oxidized. APP dominates the bitumen membrane market due to its superior UV resistance, durability, and thermal stability, while SBS is anticipated to experience growth during the forecast period due to its superior flexibility, elongation properties, and better adhesion to various surfaces.
By Application Type
“Roofing is expected to hold its major share of the bitumen membrane market.”
The bitumen membrane market is segmented into roofing, foundation & below grade, water-retaining structures, car parking decks, and infrastructure. Rising investments in infrastructure, increasing demand for energy-efficient buildings, and frequent maintenance needs are key drivers of market growth. As a result, roofing will remain the dominant and fastest-growing category through 2030, supported by expanding residential, commercial, and industrial construction activities.
By End-Use Type
“Residential category is expected to dominate in the end-use type of the market during the forecast period.”
The bitumen membrane market is segmented into residential, non-residential, and infrastructure segments. The residential segment is expected to grow steadily, fueled by increasing maintenance, renovation, and repair activities. Meanwhile, the non-residential segment will continue to lead the market, driven by large-scale commercial and infrastructure projects.
By Construction Type
“New construction is expected to be the dominant construction type of the market, outpacing renovation.”
The bitumen membrane market is segmented into new construction and renovation. New construction, backed by increasing urbanization and infrastructure growth, 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.
Key Players
The market is highly fragmented, with over 100 players. Most of the major players compete in some of the governing factors, including price, service offerings, regional presence, etc. The following are the key players in the bitumen membrane market. Some of the major players provide a complete range of services, including products.
Here is the list of the Top Players (Based on Alphabetical Order)
- Carlisle Companies Inc.
- H.B. Fuller
- Holcim Group
- Kemper System America, Inc.
- Mapei S.p.A.
- Oriental Yuhong Waterproofing Technology
- RPM International
- Saint-Gobain
- Saint-Gobain
- Sika AG
- Soprema Group
- Standard Industries
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept so that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and recovery curve
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for existing and new players.
- Key success factors.
The bitumen membrane market is segmented into the following categories.
Bitumen Membrane Market, by Membrane Type
- Liquid-applied Membrane (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Sheet Membrane (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
Bitumen Membrane Market, by Product Type
- APP (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- SBS (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Oxidized (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
Bitumen Membrane Market by Application Type
- Roofing (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Foundation & Below Grade (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Water-Retaining Structures (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Car Parking Decks (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
Bitumen Membrane Market by End-Use Type
- Residential (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Non-residential (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
Bitumen Membrane Market by Construction Type
- New Construction (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
- Renovation (Regional Analysis: North America, Europe, Asia-Pacific, The Middle East, Latin America, and Africa)
Bitumen Membrane Market by Region
- North America (Country Analysis: The USA and Rest of North America)
- Europe (Country Analysis: Germany, France, The UK, Spain, Italy, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia Pacific)
- The Middle East (Country Analysis: Saudi Arabia, The UAE, Egypt, and Rest of the Middle East)
- Latin America (Country Analysis: Mexico, Brazil, Argentina, and Rest of Latin America)
- Africa (Country Analysis: Africa and the Rest of Africa)
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s bitumen membrane market realities and future market possibilities for the forecast period
- The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 25 detailed primary interviews with market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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