Liquid Waterproofing Membrane Market Analysis | 2023-2028

Market Insights

The Liquid Waterproofing Membrane Market is estimated to grow at a healthy CAGR of 5.6% during the forecast period to reach a value of US$ 12.7 billion in 2028.

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What is Liquid Membrane Waterproofing?

Liquid membrane waterproofing is a versatile and effective method used to create a durable waterproofing layer on various surfaces. It is commonly applied on roofs, balconies, terraces, and concrete slabs to prevent water penetration and protect the underlying structure. The liquid membrane used in this waterproofing technique is typically composed of polymer-based materials such as polyurethane, acrylic, or bitumen. These materials provide excellent flexibility, elongation, and durability once they cure or dry. The liquid membrane forms a seamless and continuous barrier that effectively seals the surface, preventing water ingress. One of the key advantages of liquid membrane waterproofing is its ability to bridge cracks. The flexible nature of the membrane allows it to stretch and accommodate minor movements in the underlying substrate, ensuring that cracks or small gaps do not compromise the waterproofing integrity.

Liquid membrane waterproofing can be applied using different methods, depending on the specific product and project requirements. For instance, the spray-applied method uses specialized equipment, providing efficient coverage and allowing for easy application on large areas. Roller application is commonly used for smaller surfaces and allows for controlled application and even coverage. Additionally, brush application is suitable for detailed or hard-to-reach areas that may require manual application.

Market Drivers

Liquid membrane waterproofing is driven by its versatility and adaptability to various surfaces, ease of application, ability to provide a seamless and continuous barrier against water intrusion, and long-term durability. Its ability to conform to irregular shapes and contours makes it suitable for complex roofing structures. The simplified application process reduces time and labor costs, while its seamless nature minimizes the risk of leaks. Additionally, its compatibility with different substrates expands its applicability and contributes to its growing popularity in the construction industry.

Segments Analysis

Material Trends

Among material types, bitumen solidified its reign as the ultimate leader in the global liquid waterproofing membrane market, prevailing across major regions. Bitumen liquid membranes offer seamless application, conforming to irregular shapes and providing long-lasting protection against water infiltration. They are known for their ability to withstand weather elements and provide a reliable waterproofing solution. Additionally, their cost-effectiveness and wide availability make them a preferred choice in the construction industry.

PU liquid applied membrane waterproofing to depict the fastest growth in the foreseen future driven by its excellent adhesion properties, UV resistance, high elongation capabilities, and compatibility with various substrates. These qualities make PU-applied membranes an effective choice for reliable waterproofing in different applications. Additionally, their chemical resistance safeguards against damage from various substances. Some PU membranes are breathable, allowing moisture vapor to escape while still maintaining effective waterproofing.

Application Trends

The market is segmented into Roofing and Walls, Building Structures, Industrial, Water and Wastewater Management, Tunnels, and Others. Roofing and Walls dominate the global liquid waterproofing membrane market with a mammoth share. Waterproofing plays a crucial role in preventing leaks and protecting the underlying structure, ensuring the longevity and integrity of the building. With roofs often covering significant surface areas, such as commercial or industrial buildings, proper waterproofing is essential to safeguard the entire structure and its contents from water-related issues.

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Regional Analysis

The Asia-Pacific is poised to maintain its position as the leading market for liquid membrane waterproofing, experiencing remarkable growth. This growth can be attributed to significant factors, including rapid urbanization, industrialization, promising economic prospects, and the relocation of manufacturing industries to Asian economies. The region's increasing construction activities, coupled with the implementation of building and energy codes, are fueling the demand for waterproofing solutions. Key economies like China and India, are pivotal drivers in propelling the growth of the waterproofing market in the Asia-Pacific region.

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Key Players

The market for liquid waterproofing membranes is highly competitive, populated with numerous local, regional, and global players all striving to capture their share of the market. With competition intensifying on various fronts such as pricing, product diversity, and geographic reach, the market is highly fragmented, as a multitude of players compete fiercely for recognition and market share, operating on both regional and global scales. The following prominent players stand out as the top contenders in the liquid waterproofing membrane market:

• Oriental Yuhong
• Sika AG
• Keshun Waterproofing Technologies
• Carlisle Companies, Inc.
• RPM International, Inc.
• MBCC Group
• Saint-Gobain
• Mapei S.p.A.

Recent Market JVs and Acquisitions:

The market has recorded a fair number of M&A activities over the years. There have been some notable acquisitions over the past few years, with the acquisition of Derbigum Americas by Soprema in 2018 being one of the major ones. The acquisition led to the strengthening of Soprema’s product offering by having local APP-modified bitumen production in the U.S. The acquisition of MBCC by Sika and GCP Applied Technologies by Saint-Gobain is equally important.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s liquid waterproofing 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 as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate 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

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 five players)
• SWOT analysis of key players (up to five players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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