Interior Waterproofing Membrane Market is Segmented By Product (Sheet-Based Membranes, Liquid Applied Membranes), By Raw Material (PVC, HDPE, EPDM, TPO, Modified Bitumen, Others), By End-User (Residential, Commercial, Infrastructure, Institutional), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
The report on global interior waterproofing membranes analyses the market size, shares, recent trends, competitive intelligence, and future market outlook. Interior waterproofing membrane usage in the construction industry is on the rise. Demand from residential, and commercial in ‘Europe’ is growing. The competitive rivalry intensifies with irestone Building Products Company LLC; Flex Roofing Systems and others active in the market.
Market Scope and Summary
Metrics |
Details |
Market CAGR |
23.30% |
Segments Covered |
By Product, By Raw Material, By End-User, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Interior waterproofing or internal waterproofing repairs the basement leaks from inside the home and is the best solution for a damp basement. It is important to have internal waterproofing done in basements when they become damp and moist to stop the formation of mold and mildew, which will produce unpleasant odors and bacteria that are bad for the health.
Some waterproofing components include a drainage tile (weeping tile), internal air-gap drainage membrane, drainage tile connector pieces, 3/4 inch gravel, and cement. The interior waterproofing membrane offers various benefits, including-
- The interior area cannot be addressed from the exterior due to confined space or no access.
- The water issue is not a foundation leak; rather, it is a hydrostatic pressure issue, which means that the groundwater beneath the concrete slab rises and falls, allowing water to seep through the basement slab or from the wall that meets the floor. The presence of groundwater may also indicate the existence of an underground watercourse where the home was constructed.
- The Internal System is an affordable solution for unfinished living areas.
Market Dynamics and Trends
Growing construction activities across the globe escalate the demand for interior waterproofing membranes
The rise in urbanization, economic growth, and infrastructural developments escalated the demand for interior waterproofing membranes in recent times
The construction industry is the major interior waterproofing membrane market sector. Growth in the sector escalated the growth opportunities for the product to grow across the globe. For instance, residential and commercial developments are currently utilizing market products. Increased urbanization and industrialization result in faster economic development, enhancing demand worldwide. As a result of rapid urbanization, increased government and consumer spending on residential and infrastructure construction boost market growth significantly.
Interior waterproofing membranes are used during the construction of new buildings. As a result, construction spending could increase global demand for these products. Furthermore, various companies are bringing the latest interior waterproofing membranes to build their business due to rising construction activities. For instance, In February 2019, Tremco launched its latest product under the brand name POWERply Endure Membranes. These membranes have the potential to get installed in various hot and cold adhesives and form exceptionally durable, waterproof roofs when paired with POWERply Endure BIO Adhesive.
In addition, these membranes have gained market popularity as a product. They are applied to the structure's internal surfaces, usually when there is no access or ability to either access the external surfaces or where continuity is impossible. The capacity of those surfaces to accept the waterproofing treatment is frequently necessary for an internal negative side system. Generally, an internally applied system is only as good as the structure's integrity and preparation level.
High health effects create a huge challenging atmosphere for the growth of interior waterproofing membranes
Cost is the biggest drawback of interior waterproofing systems because labor costs for installation are sometimes high. Interior waterproofing solutions cost several thousand dollars because they require specialized excavating equipment to reach and fix the foundation footings; however, minor interior waterproofing repairs may only cost a few hundred dollars — for concrete repair or fillers.
Furthermore, some interior waterproofing methods require reapplication at least once a year, notably crack and concrete sealants used indoors. Additionally, if the water incursion is connected to a more serious issue, such as inadequate foundation footings or a lack of effective drainage around the house, whether as a result of poor soil grading or inadequate rain guttering, new cracks or leaks may develop. Filling in old and new cracks may become a common element of home maintenance if there is a more serious drainage issue. For some households, the expense and ongoing system maintenance may be disadvantages.
COVID-19 Impact on Interior Waterproofing Membrane Market Growth
The global interior waterproofing membrane market thrived before the COVID pandemic struck the world. The global building market's tremendous rise enhanced the demand for waterproofing membranes. However, as global governments implemented lockdown measures in response to the COVID outbreak, demand for construction and related markets such as interior waterproofing membranes fell sharply, particularly in the second quarter of 2020. Thus, global GDP fell dramatically and sales in the manufacturing sector fell precipitously.
In 2021, the global construction market was estimated to rise by 35% in the post-pandemic market. The pandemic's aftermath on the construction sector will impact several industry developments, including the global interior waterproofing membrane market. The respective factor might be a major market growth driver for the global interior waterproofing membrane market.
Once several COVID restrictions were abolished, new and leased interior waterproofing membrane prices skyrocketed. The increase in the price of interior waterproofing membranes is related to the recovery of the construction sector, which resumed growth at the end of 2020. However, in the post-COVID market landscape, manufacturers' government initiatives and strategic actions are projected to increase the global interior waterproofing membrane market.
Interior Waterproofing Membrane Market Segment and Shares Analysis
The global interior waterproofing membrane market is categorized by type, raw material, end-user, and region.
Due to their availability in liquid form, liquid-applied membranes are expected to capture the majority of market share throughout the projection period
The global interior waterproofing membrane market is segmented into sheet-based and liquid-applied membranes based on type. Of the mentioned types, liquid-applied membrane holds the highest market share globally. Due to their availability in liquid form, liquid-applied membranes are expected to capture the major percentage of the market share throughout the projection period. It is sprayed or applied to the concrete surface using a brush or roller, forming a thick joint-free membrane in contact with air.
The membranes' environmental friendliness and ease of application drive demand for them. Liquid waterproofing membranes are simple to use and replace and provide effective waterproofing and a longer lifespan for a building structure. Furthermore, rising worldwide water conservation and treatment infrastructure is predicted to increase demand for liquid-applied membranes.
The polyurethane liquid applied membrane market is expected to rise rapidly during the projected period. It has a homogeneous thickness, making it suitable for many applications. The membranes are commonly used for waterproofing roofs, moist rooms, water & sewage treatment plants, stadium stands, etc. Manufacturers are concentrating their efforts on introducing new solutions to the market. Sika, for example, has introduced liquid-applied membrane (LAM) devices. When a sheet membrane is too complicated to offer a fast, effective and safe installation, liquid-applied systems are used in new construction and restoration.
Geographical Analysis
The expansion of interior waterproofing membranes in Europe is due to increasing infrastructure development and fast industrialization, particularly in UK, Germany, and France
Product penetration in developed nations like the U.K., Germany, France, and others dominates the product demand in Europe. Furthermore, it is also expected that residential and commercial buildings will increase their demand for liquid-applied and sheet membrane products due to growing waste management and water conservation regulations. Additionally, the various regional governments' investments in infrastructure projects are anticipated to increase the commercial and industrial application segment that needs interior waterproofing solutions, contributing to market expansion.
Companies in the region are focusing on acquisitions to expand their market presence. For instance, In 2018, Sika announced the acquisition of Arcon Membrane Srl, a growing manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika will significantly strengthen its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets.
Companies and Competitive Landscape
The global Interior Waterproofing Membrane market is highly competitive with local and global key players. Key players contributing to the market's growth are Firestone Building Products Company LLC; Flex Roofing Systems; GAF Materials Corporation; Sika AG; Carlisle Companies Inc; Solmax International Inc; Soprema Group; Copernit S.P.A.; Laticrete International, Inc; Johns Manville; BASF SE and among others.
The major companies are adopting various growth strategies, such as acquisitions, product launches, and collaborations, contributing to the global growth of the Interior Waterproofing Membrane market.
- For instance, In 2020, BASF launched MasterSeal 730 UVS waterproofing membrane for integral sealing of below-grade structures.
Sika AG
Overview: Sika AG is a global specialty chemicals company that develops and produces products for bonding, sealing, reinforcing, damping, and protecting the building and motor vehicle industries. The company's broad product portfolios are categorized into two segments: Construction Solutions and Industrial Solutions. The company provides 1K cementitious waterproofing mortar in the 'waterproofing' category of 'Construction Solutions. The company serves several industries, including automotive, transportation, textiles, building components, and consumables. Sika AG manufactures in over 300 factories with subsidiaries in 100 countries worldwide. The company has a worldwide network of over 200,000 distributors.
Product Portfolio: Sikaplan WP 1130-15 C: A 60 mil (1.5 mm) thick polyvinyl chloride-based sheet waterproofing membrane with an incorporated fiberglass mat carrier sheet for dimensional stability is called Sikaplan WP 1130-15 C. It can be used to waterproof below-grade buildings as well as vertical and horizontal foundation applications. Furthermore, the membrane has a yellow signal layer with a dark grey underside to make surface damage easier to observe.
Key Development
- In 2020, Sika AG announced further investment in waterproofing membrane manufacturing in Switzerland.
