Sheet Membrane Market Growth Analysis | 2024-2030

Market Insights

The sheet membrane market was estimated at USD 19.9 billion in 2024 and is likely to grow at a CAGR of 4.4% during 2024-2030 to reach USD 25.8 billion in 2030.

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Market Dynamics

Introduction

The sheet membrane market encompasses the production, distribution, and application of prefabricated waterproofing membranes used in construction and infrastructure projects. Driven by urbanization, stringent building codes, and rising demand for durable waterproofing solutions, the market includes key materials such as bitumen, PVC, and TPO. Major projects include commercial, residential, and industrial construction, with increasing adoption in roofing, foundations, and tunnel waterproofing. Growth is influenced by advancements in material technology, sustainability trends, and infrastructure investments worldwide.

Market Drivers

Key factors driving the growth of the sheet membrane market are:

• The expansion of commercial and industrial construction
• Rising investments in public infrastructure.

Recent Market JVs and Acquisitions:

The sheet membrane 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 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 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 2020, Sika acquired Modern Waterproofing Group, strengthening its position in the waterproofing segment. This acquisition expanded Sika’s sheet membrane portfolio, enhancing its capabilities in roofing and below grade applications while reinforcing its market presence in key regions.
• In 2019, Tremco introduced POWERply Endure Membranes, a high-performance waterproofing solution designed for enhanced durability and weather resistance. This innovation strengthened Tremco’s product portfolio, addressing industry demands for long-lasting, energy-efficient roofing and waterproofing systems.
• In 2018, Soprema acquired Derbigum Americas, reinforcing its position in the North American waterproofing market. This acquisition expanded Soprema’s product portfolio, enhanced its manufacturing capabilities, and strengthened its distribution network, supporting long-term growth in the region’s roofing and waterproofing market.

Segments Analysis

By Product Type

“Bitumen is expected to remain dominant, whereas PVC is expected to be the fastest-growing product type of the market over the years.”

The sheet membrane market is segmented into bitumen, PVC, TPO, HDPE, and EPDM. Due to its proven durability, cost-effectiveness, and widespread adoption, bitumen maintains its dominance in the sheet membrane market. However, the rise of TPO and PVC, driven by the demand for energy-efficient cool roof solutions, is reshaping the market. Their rapid growth signals a transition toward advanced waterproofing technologies, gradually challenging bitumen’s stronghold.

By Application Type

“Roofing is projected to maintain its dominant share in the sheet membrane market's application segment.”

The market is segmented into roofing, foundation & below grade, water containing structures, car parking deck, and infrastructure. Driven by the demand for durable, energy-efficient solutions, roofing continues to lead the sheet membrane market, spanning new, repair, and maintenance projects. Its dominance and rapid growth from 2024 to 2030 are propelled by increasing construction investments and a global surge in home improvement activities.

By End-Use Type

“The non-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 segments. Fuelled by expansive commercial and industrial developments, the non-residential sector continues to command end-use type, demanding robust waterproofing solutions. Meanwhile, residential growth gains momentum as homeowners embrace renovations, and stricter regulations push for enhanced building protection.

By Bitumen-Grade Type

“APP is the most used bitumen-grade type, which is expected to remain dominant in coming years.”

The market is segmented into APP, SBS, and oxidized. Atactic polypropylene (APP) dominates sheet membrane waterproofing due to its superior UV resistance, durability, and thermal stability, while SBS (styrene-butadiene-styrene) is anticipated to experience growth during the forecast period due to its superior flexibility, elongation properties, and better adhesion to various surfaces.

By Installation Type

“Torch-applied is the leading segment in the installation type of sheet membrane waterproofing, outpacing others.”

The market is segmented into torch applied, cold applied, Self-adhesive, hot-mopped, and mechanical fixing. Torch-applied and mechanical fixing remain the dominant installation techniques and are projected to lead in the coming years due to their reliability and efficiency. However, self-adhesive installation is expected to witness higher growth, driven by ease of application and labor efficiency.

By Construction Type

“New construction is the fastest-growing segment in the construction industry, outpacing renovation.”

The market is segmented into new construction and renovation. Backed by increasing urbanization and infrastructure growth, new construction serves as the market’s primary catalyst. Meanwhile, renovation sustains steady demand as older structures require modernization, and sustainability efforts push for enhanced waterproofing solutions.

Regional Insights

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

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 sheet membrane 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 Co., Ltd.
• Sika AG
• Soprema Group
• RPM International Inc.
• Standard Industries Inc.
• Carlisle Companies Inc.
• Keshun Waterproof Technology Co., Ltd.
• Saint-Gobain
• Mapei S.p.A.
• Holcim Group

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 sheet membrane market realities and future market possibilities for the forecast period of 2024 to 2030. After a continuous interest in our sheet membrane market report from the industry stakeholders, we have tried to further accentuate our research scope to the sheet 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 sheet membrane market is segmented into the following categories.

By Product Type

• Bitumen
• PVC
• TPO
• HDPE
• EPDM

By Application Type

• Roofing
• Foundation & Below Grade
• Water Containing Structure
• Car Parking Deck
• Infrastructure

By Installation Type

• Torch Applied
• Cold Applied
• Self-adhesive
• Hot Mopped
• Mechanical Fixing

By End-Use Type

• Residential
• Non-residential
• Infrastructure

By Construction Type

• New Construction
• Renovation

By Region and Country

• North America (Country Analysis: The USA and the 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)
• The Middle East (Country Analysis: Saudi Arabia, Egypt, and the Rest of the Middle East)
• Latin America (Country Analysis: Mexico, Brazil, Argentina, and Rest of Latin America)
• Africa (Country Analysis: Africa and the 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]