Middle Eastern Waterproofing Membrane Market Analysis | 2024-2030

Market Insights

The Middle Eastern waterproofing membrane market size was USD 1.2 billion in 2024 and is likely to grow at a strong CAGR of 4.3% during 2024-2030 to reach USD 1.5 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.

Market Drivers

Key factors driving the growth of the Middle Eastern waterproofing membrane market are:

• Rapid infrastructure development
• Extreme weather conditions
• Government regulations
• 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 2024, Saint-Gobain expanded in the Middle East and Asia-Pacific by acquiring Fosroc, enhancing its construction chemicals portfolio, strengthening distribution, and driving innovation, manufacturing, and sustainable building solutions synergies.
• In 2024, Mapei strengthened its market presence by acquiring Bitumat, enhancing its waterproofing solutions, expanding distribution in key regions, and driving synergies in innovation, manufacturing, and sustainable construction materials.
• In 2023, Sika acquired MBCC Group. With a massive acquisition in the industry, the combined business will be a key accelerator in enabling both Sika’s and MBCC Group’s customers to drive sustainable transformation further and faster.

Segment Analysis

By Membrane Type

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

The 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 non-residential projects. Sheet membranes are prefabricated and maintain a consistent thickness, ensuring reliable performance. This consistency minimizes application errors that are more common with liquid-applied membranes, especially when applied unevenly. 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

“Bitumen is expected to remain dominant in the sheet membrane, whereas polyurethane will be the fastest-growing product type in the liquid-applied membrane during the forecast period.”

The market is segmented into bitumen, PVC, TPO, acrylic, polyurea, polyurethane, and other product types. Bitumen continues to dominate traditional sheet membranes, favored for its durability in extreme weather. Compared to synthetic alternatives such as PVC or TPO, bitumen membranes are generally more affordable, making them a cost-effective choice, especially for large-scale or budget-sensitive projects. Meanwhile, polyurethane in liquid-applied membranes is gaining traction, driven by its growing adoption in cool roofing and energy-efficient applications.

By Application Type

“Roofing is expected to be the widely used application of the Middle Eastern waterproofing membrane market, over the forecasted period.”

The market is segmented into roofing, foundation & below grade, water-retaining structures, infrastructure, and other application types. Roofing is expected to remain the dominant and fastest-growing application in the Middle East, driven by rising construction investments, large-scale infrastructure projects, and home improvement initiatives. Government programs such as VISION 2030 further support market expansion. Additionally, strict building codes and increasing demand for energy-efficient, durable waterproofing solutions will accelerate growth through 2030.

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 segments. The residential end-use type is expected to remain the dominant and fastest-growing segment throughout the forecast period, supported by rising housing demand and urbanization. The non-residential category will follow, driven by continuous development and infrastructure expansion across key regions, solidifying its role as a major market contributor.

By Construction Type

“New construction grabbed the major share of the market, whereas renovation is anticipated to be a fastetest-growing construction type by 2030.”

The market is segmented into new construction and renovation. New construction will be the primary driver of market growth, fueled by rapid urbanization in the Middle East, which has led to a surge in new residential, commercial, and industrial construction projects, which continue to drive demand for waterproofing membranes. Meanwhile, the renovation segment will sustain steady demand, supported by aging infrastructure and the increasing adoption of sustainable building practices.

By Country Level

“Saudi Arabia leads the Middle East in development projects and construction investment, driving significant growth.”

Saudi Arabia leads the Middle East in development projects and construction investment due to its ambitious Vision 2030 initiative, which aims to diversify the economy and reduce reliance on oil. The country is home to several mega projects, such as NEOM, The Red Sea Project, and Qiddiya, backed by strong government funding through the Public Investment Fund. Rapid urbanization, population growth, and regulatory reforms have further boosted construction activity, making Saudi Arabia the primary driver of growth in the region’s construction 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 Middle Eastern waterproofing membrane market. Some of the major players provide a complete range of services, including products.

Here is the list of the Top Players (Arranged Alphabetically)

• Awazel
• Bituline
• Bituroll
• Bostik
• Gulf Seal
• Izomaks
• Mapei S.p.A.
• 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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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Middle Eastern waterproofing membrane market realities and future market possibilities for the forecast period of 2024 to 2030. After a continuous interest in our Middle Eastern waterproofing membrane market report from the industry stakeholders, we have tried to further accentuate our research scope to the Middle Eastern 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 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 Middle Eastern waterproofing membrane is segmented into the following categories.

By Product Type

• Bitumen
• PVC
• TPO
• Acrylic
• Polyurea
• Polyurethane
• Other Application 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 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 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