Waterproofing Sheet Membrane Market Analysis | 2023-2028

Market Insights

The waterproofing sheet membrane market is projected to grow at a CAGR of 5.0% from 2023 to 2028, reaching USD 29.3 billion by 2028.

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Market Dynamics

Introduction

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.

Market Drivers

• Accelerating Urban Growth and Infrastructure Expansion: Extensive urbanization and major construction initiatives—particularly across Asia-Pacific, Middle Eastern, and African regions—are driving increased demand for waterproofing membrane systems. These protective barriers are vital for safeguarding infrastructure including underground passages, transportation structures, foundation areas, and commercial towers against moisture penetration.
• Growing Need for Durable and Long-Lasting Waterproofing Solutions: Because of its consistent measure, remarkable flexibility, and fissure-spanning qualities, membrane solutions are increasingly being chosen by building experts over traditional methods as worries about structural longevity and operating costs grow.  These solutions minimize future maintenance costs by providing improved water resistance, especially in underground and moisture-prone areas.
• Rigorous Construction Standards and Environmental Regulations: Legislative requirements for energy-conscious and eco-friendly construction are promoting the implementation of advanced waterproofing technologies. Membrane products manufactured from thermoplastic polyolefins (TPO), modified bitumen, and polyvinyl chloride (PVC) are experiencing increased adoption for their minimal volatile organic compound emissions, recyclable composition, and improved ecological impact—conforming to international sustainable construction certifications including LEED and BREEAM.
• Progress in Membrane Innovation and Application Effectiveness: Technical developments including adhesive-backed membranes, heat-welded applications, and factory-manufactured sheet products are streamlining installation processes and enhancing waterproofing system performance. These innovations decrease installation duration, strengthen substrate bonding, and extend membrane durability across both residential and commercial projects.

Segments Analysis

By Material Type

"Bitumen has established itself as the undisputed leader in the market during the forecast year"

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.

By Application Type

"Roofing & wall segment dominates the market during the forecast period"

The market is segmented into roofing & walls, building structures, industrial, water & wastewater management, tunnels, and others. The roofing & 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"

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. 

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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.

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. The following are the key players in the waterproofing sheet membrane market:

• 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.

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 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, 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 waterproofing sheet membrane market is segmented into the following categories:

By Material Type 

• Bitumen
• EPDM
• PU
• HDPE
• TPO
• Others

By Application Type 

• Roofing & Walls
• Building Structures
• Industrial
• Water & 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 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

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 [email protected]