Market Insights
Sheet membranes are a popular choice for application areas exposed to extreme stress and moisture. It has tough and thick membranes featuring strong adhesion properties to bond to most surfaces. Sheet membranes are designed to provide a barrier against water and other liquids. They are easy to install and compatible with various building materials. The membrane's performance is critical to its ability to withstand hydrostatic pressure, resist punctures or tears, and provide long-lasting protection against water intrusion. Sheet membranes should be selected based on the specific needs of the building and the intended application.
The waterproofing industry has witnessed an increasing use of self-adhering sheet membranes due to their ease of installation and reduced labor costs. These membranes have a pre-applied adhesive layer that eliminates the need for separate adhesives. Besides, there is also a growing interest in prefabricated systems, which are gaining popularity due to improved quality control and a reduced risk of errors during installation. Sheet membrane dominates the overall waterproofing market with an estimated share of more than 65% on a value basis.
The waterproofing sheet membrane market is witnessing an upward growth trajectory, driven by a multitude of factors, including increasing demand from the construction industry, heightened awareness regarding efficient waterproofing, innovative technological solutions, stringent government regulations, escalating demand for eco-friendly alternatives, expanding infrastructure projects, and rapid urbanization. Furthermore, waterproofing sheet membrane demand is triggered by several factors, including its ability to offer uniform thickness, high strength, ease of installation, low cost of installation, and quick installation time. The global waterproofing sheet membrane market is estimated to grow at a healthy CAGR of 5.0% during the forecast period to reach a value of US$ 29.3 billion in 2028.
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.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Material-Type Analysis
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Bitumen, EPDM, PU, HDPE, TPO, and Others
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Bitumen is expected to remain the most preferred during the forecast period.
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Application-Type Analysis
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Roofing & Walls, Building Structures, Industrial, Water & Wastewater Management, Tunnels, and Others
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Roofing & Walls are expected to maintain their dominance during the forecasted period.
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End-User -Type Analysis
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Commercial, Residential, and Public Infrastructure
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Commercial end-user segment to dominate the market during the study period.
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Construction -Type Analysis
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New Construction and Repair & Renovation
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Repair & Renovation to dominate the market during the study period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years and is also likely to grow at the fastest rate.
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Material Type
Among material types, bitumen has established itself as the undisputed leader in the global waterproofing sheet membrane market, prevailing across major regions. Its exceptional performance, unparalleled durability, and cost-effectiveness have made it the material of choice for a wide range of construction applications. Bitumen's remarkable versatility and ease of use further contribute to its popularity, enabling it to meet the needs of diverse construction projects.
Application Type
The market is segmented into roofs & walls, building structures, industrial, water & wastewater management, tunnels, and others. The roof & wall segment dominates the market, with significant usage of sheet membranes in the application areas. Terraces and roofs are particularly vulnerable to rainwater, significantly increasing the likelihood of leaks. However, using a sheet membrane creates a highly effective barrier that prevents water penetration. With their exceptional flexibility at low temperatures, impressive dimensional stability at high temperatures, and ease of application under hot-melt conditions, these waterproofing membranes offer an all-around superior solution.
Regional Analysis
The Asia-Pacific region is projected to retain its position as the largest market for sheet membranes during the forecast period and is expected to experience the most significant growth in the coming years. This growth can be attributed to several major factors, including increasing construction activities due to rapid urbanization and industrialization, promising economic growth, and a shift of manufacturing industries from Western economies to Asian economies. Additionally, the implementation of building and energy codes is driving the demand for waterproofing solutions in the region. Key economies such as China and India are playing a vital role in driving the growth of the sheet membrane market in the region.
The waterproofing sheet membrane market is segmented into the following categories:
By Material Type
- Bitumen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- EPDM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- PU (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- HDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- TPO (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Roofing & Walls (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Building Structures (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water & Wastewater Management (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tunnels (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-User Type
- Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Public Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Construction Type
- New Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Repair & Renovation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Italy, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Latin America, The Middle East, and Others)
Key Players
The waterproofing sheet membrane market is a crowded space, teeming with a multitude of local, regional, and global players vying for market share. With competition intensifying on various fronts such as pricing, product diversity, and geographic reach, the market has become increasingly fragmented, with hundreds of players vying for attention at both regional and global levels. Despite this, a handful of key players have emerged as the go-to solution providers for customers in need of top-notch waterproofing solutions. These key players represent the cream of the crop in the waterproofing sheet membrane market and include:
- Oriental Yuhong
- Sika AG
- Keshun Waterproofing Technologies
- Carlisle Companies, Inc.
- RPM International, Inc.
- BASF SE
- Saint-Gobain
- Hongyuan Waterproof Technology Group Co., Ltd.
- Mapei S.p.A.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s waterproofing sheet 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.
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 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, Product 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.
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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