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 2023-2028, reaching a value of US$ 12.7 billion by 2028.

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Market Dynamics

Introduction

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 easy application in large areas. Roller applications are commonly used for smaller surfaces and allow for controlled application and even coverage. Additionally, brush applications are 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.

Recent Market News

• 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.

Segments Analysis

By Material Type

“Bitumen solidified its reign as the ultimate leader in the global liquid waterproofing membrane market during the forecast period.”

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.

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By Application Type

“Roofing and walls dominate the market during the forecast period.”

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.

Regional Analysis

“Asia-Pacific is poised to maintain its position as the leading market for liquid membrane waterproofing during the forecast period.”

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 striving to capture their market share. With competition intensifying on various fronts such as pricing, product diversity, and geographic reach, the market is highly fragmented, as many players compete fiercely for recognition and market share, operating on both regional and global scales.

The following are the key players in the liquid waterproofing membrane market (arranged alphabetically).

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

Note: The above list does not necessarily include all the top players in the market.

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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 the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the 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 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 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 its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The liquid waterproofing membrane market is segmented into the following categories:

By Material Type 

• Bitumen
• PU
• Others

By Application Type 

• Roofing and Walls
• Building Structures
• Industrial
• Water and Wastewater Management
• Tunnels
• Others

By End-User Type 

• Residential
• Commercial
• Public Infrastructure

By Construction Type

• New Construction
• Repair & Renovation

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Customization Option

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: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com