US Waterproofing Membrane Market Analysis | 2024-2030

Market Insights

The US waterproofing membrane market was valued at USD 7.2 billion in 2024 and is likely to grow at a strong CAGR of 6.4% during 2024-2030 to reach USD 10.4 billion in 2030.

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Market Dynamics

Introduction

A protective layer known as a waterproofing membrane serves to block water from entering surfaces and causing damage. The construction industry uses this material to protect roofs and basements as well as tunnels and bathrooms. The market provides two primary waterproofing membrane options including sheet membranes sold as pre-formed rolls and liquid-applied membranes that form a seamless barrier following curing. The construction industry relies on bitumen, polyurethane and acrylic materials for waterproofing membranes because these materials provide durability and flexibility with environmental resistance properties.

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, the acquisition of Kwik Bond Polymers (KBP) bolstered market competitiveness by enhancing epoxy resin binder capabilities, reinforcing the company’s foothold in high-performance infrastructure solutions.
• In 2022, Saint-Gobain acquired GCP Applied Technologies. This acquisition is a decisive step in establishing Saint-Gobain’s leading position worldwide in construction chemicals and furthers the Group’s strategy as a worldwide leader in light and sustainable construction.
• In 2022, Carlisle acquired Henry, enhancing its residential market presence in North America, expanding its waterproofing and building envelope solutions, and driving synergies in manufacturing, distribution, and sustainable construction.
• In 2022, Sika acquired United Gilsonite Laboratories (UGL), significantly expanding its retail distribution network across major U.S. home improvement stores and strengthening its market presence in waterproofing solutions.
• In 2021, Sika integrated American Hydrotech Inc., supporting its long-term growth strategy by expanding its product offerings in advanced waterproofing and roofing technologies for commercial and infrastructure applications.

Segment Analysis

By Membrane Type

“Sheet membrane is expected to remain dominant whereas liquid-applied membrane is expected to be the faster-growing membrane type of the market.”

The US waterproofing membrane market is segmented into sheet membrane and liquid-applied membrane. Sheet membranes will continue to dominate the market 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 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

“TPO is expected to remain dominant whereas acrylic will be the fastest-growing product type in the market during the forecast period.”

The US waterproofing membrane market is segmented into Bitumen, PVC, TPO, acrylic, polyurea, polyurethane, and other product types. TPO remains the preferred product in the USA due to its durability, recyclability, energy efficiency, and cost-effectiveness. Meanwhile, acrylic is gaining traction, driven by its adaptability and growing demand for seamless waterproofing solutions. Additionally, acrylic offers excellent UV resistance, good elasticity, and strong adhesion to various substrates, making it ideal for roofs, walls, and other exposed surfaces. Acrylic-based membranes are also water-based and low in VOCs, aligning with green building standards and sustainability goals.

By Application Type

“Roofing is expected to be the widely used application of the US waterproofing membrane market.”

The US waterproofing membrane market is segmented into roofing, foundation & below grade, water-retaining structures, infrastructure, and other application types. Roofing will continue to dominate the US market. Roofing represents one of the largest surface areas requiring waterproofing in both residential and non-residential construction. Frequent roof replacements, harsh weather conditions, and strict building codes drive continuous demand for waterproofing solutions in roofing. Moreover, growing adoption of energy-efficient roofing systems, such as cool roofs, and the increasing popularity of liquid-applied and TPO membranes further support the dominance of roofing in the market.

By End-Use Type

“Non-residential category is expected to remain the dominant and faster-growing end-use type of the market during the forecast period.”

The US waterproofing membrane market is segmented into residential, non-residential, and Infrastructure. Among these, the non-residential segment is expected to remain the market leader, fueled by the ongoing expansion of commercial construction, including office spaces, retail centers, healthcare facilities, and industrial buildings, as well as major infrastructure initiatives across the country. These projects demand waterproofing systems, contributing to sustained growth in this segment. At the same time, the residential segment is projected to experience steady growth, driven by increasing home renovation, repair, and maintenance activities. Aging housing stock, rising homeowner investments in property upgrades, and growing awareness of moisture protection are key factors supporting this upward trend.

By Construction Type

“Renovation is expected to lead the construction type, driven by aging infrastructure and rising urban redevelopment projects.”

The US waterproofing membrane market is segmented into new construction and renovation. Among these, renovation remains the primary growth driver in the U.S. market, fueled by urban redevelopment, aging infrastructure upgrades, and sustainability initiatives. Meanwhile, new construction will continue to contribute, supported by ongoing commercial and residential development projects in the region.

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 US waterproofing membrane market. Some of the major players provide a complete range of services, including products.

Here is the list of the top players (Alphabetically Arranged)

• Carlisle Companies Inc.
• Holcim Group
• Kemper System America, Inc.
• Mapei S.p.A.
• Oriental Yuhong Waterproofing Technology
• RPM International            
• 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 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 a period of 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 US waterproofing membrane is segmented into the following categories.

By Membrane Type

• Sheet Membrane
• Liquid-applied Membrane

By Product Type

• Bitumen
• PVC
• TPO
• Acrylic
• Polyurea
• Polyurethane
• Other Products Types

Bby Application Type

• Roofing
• Foundation & Below grade
• Water-retaining structures
• Infrastructure
• Other Application Types

By End-Use Type

• Residential
• Commercial
• Infrastructure

By Construction Type

• New Construction
• Renovation 

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s US waterproofing membrane market realities and future market possibilities for the forecast period of 2024 to 2030. After a continuous interest in our US waterproofing membrane market report from the industry stakeholders, we have tried to further accentuate our research scope to the US waterproofing membrane market to provide the most crystal-clear picture of the market. The report segments and analyses 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 1000 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 Customization Options

Report 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

Custom Research: Stratview Research offers custom research services across industries. 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