Mexican Waterproofing Membrane Market Analysis | 2024-2030

Market Insights

The mexican waterproofing membrane market was valued at USD 669 million in 2024 and is likely to grow at a strong CAGR of 4.7% during 2024-2030 to reach USD 882 million 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.

Market Drivers

Key factors driving the growth of the mexican waterproofing membrane market are

• Rising housing demand, fueled by urban expansion
• A surge in renovation projects across residential and commercial industries
• Increasing investments in infrastructure and sustainability initiatives

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 2023, Sika acquired MBCC Group, a major industry move accelerating sustainable transformation. Through this acquisition, Sika gained Thermotek, a key player in Mexico’s waterproofing market, further strengthening its position in the region’s construction chemicals.
• In 2023, Holcim acquired PASA, a key roofing and waterproofing solutions provider in Mexico and Central America. This acquisition strengthens Holcim’s regional presence, enhances its supply chain, and aligns with its Strategy 2025 goal of expanding Solutions & Products revenue.
• In 2021, Saint-Gobain acquired IMPAC, a key Mexican waterproofing firm, enhancing its market presence and expanding sustainable construction solutions.

Segment Analysis

By Membrane Type

“Liquid-Applied Membrane is expected to remain the dominant and fastest-growing membrane of the market.”

The mexican waterproofing membrane market is segmented into sheet membrane and liquid-applied membrane. Liquid-applied membranes lead Mexico’s waterproofing membrane market, driven by their flexibility, cost efficiency, and ability to withstand diverse environmental conditions. Their rapid adoption in both new and existing structures ensures sustained growth. Additionally, the growing demand for quick-installation solutions in urban housing and infrastructure and the rise in roof refurbishment projects support the increasing preference for liquid-applied systems over traditional sheet membranes.

By Product Type

“Acrylic is expected to remain dominant, whereas polyurethane will be the fastest-growing product type of the Mexican waterproofing membrane market during the forecast period.”

The market is segmented into bitumen, PVC, TPO, acrylic, polyurea, polyurethane, and other product types. Driven by Mexico’s warm climate and demand for energy-efficient solutions, acrylic continues to dominate the liquid-applied membrane market, offering superior UV resistance and flexibility. Meanwhile, bitumen remains a key product type in sheet membranes, maintaining a stable presence due to its durability and cost-effectiveness.

By Application Type

“Roofing is expected to hold its major share in the application type of the Mexican waterproofing membrane market.”

The market is segmented into roofing, foundation & below grade, water-retaining structures, infrastructure, and other application types. Driven by rising construction investments and a surge in home improvement projects, roofing is set to remain Mexico’s dominant and fastest-growing application through 2030. Both new developments and maintenance projects continue to fuel demand, reinforcing its market leadership. Additionally, the popularity of flat roofs in Mexican architecture increases the need for durable waterproofing solutions, further reinforcing roofing as the dominant application in the market.

By End-Use Type

“Residential segment is expected to remain the dominant and fastest-growing end-use type of the market during the forecast period.”

The market is segmented into residential, non-residential, and public infrastructure. Mexico’s residential market is set to lead growth, driven by rising urbanization, government-backed housing initiatives, and increasing renovation projects. A growing population and increased rural-to-urban migration are driving the construction of new homes, particularly in expanding cities of Mexico. Additionally, many existing residential buildings require roof and structural repairs, boosting the need for waterproofing solutions.

By Construction Type

“Renovation is the leading and fastest-growing category of mexico’s waterproofing membrane market, outpacing new construction.”

The market is segmented into new construction and renovation. Renovation is the driving force in the Mexican waterproofing market, surpassing new construction in growth. Aging infrastructure, rising property upgrades, and increased investment in restoration projects are accelerating demand, making renovation the dominant and faster-growing category of the market. 

Key players

The market is highly fragmented, with over 50 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 mexican 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)

• BASF
• Carlisle Companies Inc.
• Derivados Asfalticos Normalizados, S.A.
• Holcim Group
• RPM International
• Saint-Gobain
• Sika AG
• Soprema Group
• Standard Industries
• Wacker Chemie 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 Mexican waterproofing membrane market realities and future market possibilities for the forecast period of 2024 to 2030. After a continuous interest in our Mexican waterproofing membrane market report from the industry stakeholders, we have tried to further accentuate our research scope to the Mexican 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 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 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 mexican waterproofing membrane is segmented into the following categories.

By Product Type

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

By Application Type

• Roofing
• Foundation & Below Grade
• Water-Retaining Structures
• Infrastructure
• Other Application Types

By End-Use Type

• Residential
• Non-residential
• Public Infrastructure

By Construction Type

• New Construction
• Renovation

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 3 players)
• SWOT analysis of key players (up to 3 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.