Liquid-Applied Membrane Market Growth Analysis | 2024-2030

Market Insights

The liquid-applied membrane market was estimated at USD 11.9 billion in 2024 and is likely to grow at a CAGR of 5.5% during 2024-2030 to reach USD 16.5 billion in 2030.

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Market Dynamics

Introduction

The liquid-applied membrane system functions as a flexible water-blocking solution that connects to different surfaces. Liquid-applied membranes act as perpetual water protection for complex roofs and renovation works and new building solutions to improve building longevity. The materials function as the ideal answer for difficult projects involving roofing together with roofing in progress developments. The waterproof characteristics of these membranes provide lasting water protection on uneven surfaces because they maintain their shape formation. Structural longevity results from membrane technology, which generates both leakproof protections and with lower maintenance needs.

Market Drivers

Key factors driving the growth of the liquid-applied membrane market are:

• Growing urbanization and infrastructure expansion
• Rising adoption of eco-friendly waterproofing technologies
• Advancements in polymer-based liquid-applied membranes, enhancing durability and environmental resistance.

Recent Market JVs and Acquisitions:

The LAM market is experiencing consolidation, with larger companies acquiring smaller firms to strengthen regional presence, enhance supply chain capabilities, and expand market reach amid intensifying competition and technological advancements. A considerable number of strategic alliances, including M&As, JVs, etc., have been performed over the past few years:

• In 2023, Sika acquired the 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.
• In 2023, Soprema acquired Mida from TechnoNicol, reinforcing its European market presence, expanding its waterproofing solutions portfolio, and leveraging synergies in manufacturing, innovation, and sustainable construction materials.
• 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 2020, Sika acquired American Hydrotech Inc. in the USA and its affiliate Hydrotech Membrane Corporation in Canada to expand its roofing and waterproofing portfolio, which complements Sika's sustainability focus.

Segments Analysis

By Product Type

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

The liquid-applied membrane market is segmented into bituminous, polyurethane, PMMA, epoxy, acrylic, polyurea, silicone, and other products. Acrylic remains the dominant product category due to its cost-effectiveness and ease of application. However, silicone is experiencing the fastest growth, driven by its durability and weather resistance. The rising demand for DIY-friendly, quick-curing solutions supports the expansion of cool roof products.

By Application Type

“Roofing is expected to be the widely used application of the liquid-applied membrane market during the study period.”

The market is segmented into bridge deck, car park, roofing, balconies/terraces, foundation & below grade, swimming pool, wet rooms, and water-containing structures. Roofing will maintain its position as the principal market leader and fastest-growing application through 2030 because of rising worldwide residential and construction spending. The market shows increasing acceptance of cool roofs as one essential development through global warming trends. The essential role of cool roofs in boosting energy efficiency creates additional momentum for market expansion.

By End-Use Type

“The residential category 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 infrastructure. The residential segment is projected to maintain its dominance and experience the fastest growth throughout the forecast period with increasing construction spending and housing demands, as well as rising home improvement demands. The commercial segment is expected to remain a market driver, supported by ongoing infrastructure development and increasing demand for cool roofs and reflective surfaces to enhance energy efficiency across various regions.

By Construction Type

“Renovation is the fastest-growing construction type in the market, outpacing new construction over the years.”

The market is segmented into new construction and renovation. The renovation market section will continue to achieve steady demand while aging infrastructure projects combined with growing sustainable building practices support this growth, along with that rise in home improvements, repair, and maintenance projects in non-residential spaces. New construction continues to maintain its market share due to emerging countries' urbanization over the coming forecast period.

Regional Insights

“The Asia-Pacific region is expected to remain the largest market for the liquid-applied membrane market during the forecast period.”

The Asia-Pacific region is anticipated to remain at the forefront throughout the forecast period, whereas North America is likely to grow at the highest rate by 2030. The Asia-Pacific region will lead due to urbanization, infrastructure projects, and strong construction demand. North America is driven by renovations, stringent regulations, and increasing adoption of advanced, sustainable waterproofing solutions.

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Key Players

The market is highly fragmented, with over 500 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 market. Some of the major players provide a complete range of services, including products.

Here is the list of the Top Players (Based on Dominance)

• Oriental Yuhong Waterproofing Technology
• Soprema Group
• Sika AG
• RPM International
• Saint-Gobain
• Keshun Waterproof Technology Co., Ltd.
• Standard Industries
• Holcim Group
• Carlisle Companies Inc.
• 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 liquid-applied membrane market realities and future market possibilities for the forecast period of 2024 to 2030. After a continuous interest in our liquid-applied membrane market report from the industry stakeholders, we have tried to further accentuate our research scope to the liquid-applied 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 liquid-applied membrane market is segmented into the following categories.

By Product Type

• Bituminous
• Polyurethane
• PMMA
• Epoxy
• Acrylic
• Polyurea
• Silicone
• Other Product Types

By Application Type

• Bridge Deck
• Car Park
• Roofing
• Balconies/Terraces
• Foundation & Below grade
• Swimming Pool
• Wet Rooms
• Water-Containing Structures

By End-Use Type

• Residential
• Non-residential
• Infrastructure

By Construction Type

• New Construction
• Renovation

By Region

• North America (Country Analysis: The USA and Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, Spain, Italy, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Singapore, Thailand, Vietnam, Indonesia, and Rest of Asia-Pacific)
• Middle East (Country Analysis: Saudi Arabia, The UAE, Turkey, and Rest of the Middle East)
• Latin America (Country Analysis: Mexico, Brazil, Argentina, and Rest of Latin America)
• Africa (Country Analysis: Africa and Rest of Africa)

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 [email protected].