Waterproofing Membrane Market: Rising Global Demand

Global Waterproofing Membrane Market

A waterproofing membrane is a thin layer of water-tight material that is laid over a surface. This layer is continuous and does not allow water to pass through it. Waterproofing is a term that membrane manufacturers use loosely to describe any product that can retard the passage of water. The membranes may be in sheet form or liquid-applied. They are used above ground on spandrels and façades; on water-containment structures, including planters; under mechanical-room and shower-room floors; in cavity walls; under green vegetative roofs; and on plazas over occupied spaces. Below ground, they are used over earth-covered suspended slabs, on foundations, and under pressure slabs on grade.

Increasing Residential Construction Globally and Growing Construction Industry in Developing Economies to Fuel Market

Increasing residential construction globally is the major driving factor for the waterproofing membrane market growth. The infrastructure sector is a key driver for the global economy. The sector is highly responsible for propelling world’s overall development that would ensure the time-bound creation of world-class infrastructure. Investments for construction is rising globally. For instance, India has a necessity of investment worth USD 777.73 billion in infrastructure by 2022 to have sustainable development in the country. India is witnessing significant interest from international investors in the infrastructure space. Some key investments in the sector are., in 2018, the infrastructure sector in India witnessed private equity and venture capital investments worth USD 1.97 billion. Adding to this, In June 2018, the Asian Infrastructure Investment Bank (AIIB) has announced USD 200 million investment into the National Investment & Infrastructure Fund (NIIF).

Fluctuating Raw Material Prices and Competition from Eco-friendly Alternatives to Hinder Market

Fluctuating raw material prices is the key restraint hindering the market growth. High raw material costs may create a harmful impact due to its effects on the total production cost. The cost of raw materials for manufacturing building materials impact on the prices of the building materials. The rising raw materials costs along with other factors such as oil, gas, and energy are the key causes of increases in the prices of the waterproofing membrane.

Liquid Applied Membranes Anticipated to Gain Notable Traction

By product type, Liquid Applied Membranes are likely to grab the major market share in the forecast period due to its availability in the form of liquid.  It is sprayed or applied by brush or roller to the concrete surface which forms a thick joint-free membrane in contact with air. Manufacturers are focusing to introduce new solutions in the market. For instance, Sika has introduced liquid applied membrane (LAM) systems. These systems are applied in new construction and in refurbishment whenever the use of a sheet membrane is too complicated to provide fast, effective and safe installation.

Asia-Pacific Waterproofing Membrane Market to Expand Robustly

DMI segments the global Waterproofing Membrane market into – North America, South America, Europe, Asia-Pacific (APAC), and Middle East and Africa.

Europe accounted for the largest share of the market in 2018 due to the rising worries on water and waste management. However, the market in APAC is anticipated to grow at high CAGR rate in the forecast period due to the rising FDI in the real estate sector particularly in nations like India and China and quick growth in the construction industry in Asia Pacific economies. As one of the fastest-growing economies in the world, India’s real estate sector is booming. For instance, Indian infrastructure sector witnessed 91 M&A deals worth USD 5.4 billion in 2017.

Highly Competitive Market with Few Major Contributors

The global Waterproofing Membrane market is competitive. Key market players include – BASF, Dow Chemicals, SIka and Pidilite among others.

Key players are highly investing in R&D to sustain and improve market competitiveness. Few competitors are also adopting inorganic growth strategies such as mergers & acquisitions to diversify product portfolio and improve geographic footprint.

Waterproofing Membrane Market Taxonomy:

By Type

• Sheet Based Membranes
• Liquid Applied Membranes

By Raw Material

• PVC
• HDPE
• EPDM
• TPO
• Modified Bitumen
• Others (LDPE)

By End-user

• Building Structures
• Waste & Water Management
• Walls & Roofing
• Bridges & Highways
• Others (Tunnel Liners, Mining Application)

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