Geographical and seasonal disparities in water precipitation have increased the need for water conservation, storage, and treatment, further fueling demand for waterproofing solutions. These membranes are widely used in various applications such as wet rooms, roofs, building foundations, retaining walls, tunnels, and water and sewage treatment plants. The growing awareness of the product’s advantages, combined with the adoption of new materials like geomembranes, is expected to support sustained demand throughout the forecast period.

In North America, the U.S. is anticipated to dominate the regional market due to rapid industrialization and the surge in construction projects and residential developments. This growth is particularly boosting demand for sheet membranes, which are also favored for extending the life of building paintwork.

Additional factors contributing to market expansion include low production costs and increasing mining activities across several regions. The growing emphasis on wastewater treatment is also expected to boost the use of waterproofing membranes in infrastructure projects.

However, the market faces some challenges. One is the shortage of skilled professionals capable of selecting and applying the appropriate membrane types for demanding structures like basements, decks, and marine vessels. Additionally, fluctuating raw material prices-particularly for bitumen and polypropylene derived from crude oil-can impact product pricing and limit market growth.

Key Market Trends & Insights

• Asia Pacific was the leading regional market in 2023, accounting for 32.3% of total revenue. This dominance is attributed to rapid infrastructure development and industrialization in countries such as China and India. Urban congestion from this growth is boosting domestic water demand, enhancing the need for waterproofing applications. Additionally, expanding roofing and waste management sectors further support regional growth.

• Central & South America is expected to experience a CAGR of 8.4% (by volume) from 2024 to 2030.

• In terms of product segmentation, liquid applied membranes led the market in 2023, contributing over 64.1% of global revenue. Their popularity stems from advantages such as lower costs and ease of installation.

• The building structure application segment is projected to register a CAGR of 9.4% in revenue over the forecast period. The growth is largely due to rising usage in structures for protection across varying temperatures, along with increasing adoption of sheet membranes for flooring solutions in buildings.

Market Size & Forecast

• 2023 Market Size: USD 24.54 Billion

• 2030 Market Size Projection: USD 40.15 Billion

• CAGR (2024–2030): 8.5%

• Largest Regional Market (2023): Asia Pacific

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