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Global Liquid Waterproofing Membrane Market Insight March 4, 2022 Comments

According to the WK-chem Research “Global Liquid Waterproofing Membrane Professional Survey Report 2022, Forecast to 2027”, Rising consumer consciousness regarding the product advantages along with the adoption of new materials such as geomembranes is expected to further propel the product demand over the projected time.The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 7.2% base on WK-chem Research regression analysis model.
Analysts’ Viewpoint:
“Green roofs are roof structures that are completely or partially covered with vegetation. Green roofs can reduce energy costs, minimize the urban heat island effect, remove harmful air particles, and reduce stormwater runoff. Green buildings, on the other hand, are buildings that are energy-efficient and environmentally responsible throughout a building’s life cycle. Waterproofing is an important aspect of these building structures as it provides efficient protection from water runoff and weather conditions as well as energy efficiency. In countries such as Germany and the US, green buildings are witnessing high growth owing to regulations pertaining to emissions from buildings, and also due to the positive impact of these establishments. Major manufacturers of LAMs, such as Sika, Fosroc, and Tremco, are increasingly applying for green certifications for their products for use in sustainable construction projects that include green roofs and green buildings.” said Jimmy Harris, Senior analyst,Chemical & Material Market Research Center in WK-chem Research.
Market insight:
Infrastructure development includes creating power stations, electricity grids, water supply & treatment plants, roads, railways, airports, bridges, telecommunication networks, schools, and hospitals. The long shelf-life of LAMs and the fact that the waterproofing properties of a variety of polymers and high-performance materials can be easily improved with the help of these membranes will work in favor of the market. They are compatible with a wide variety of substrates, including ceramic, stone, and wood. The strong properties of LAMs, along with growing infrastructural developments, are expected to drive growth in the LAMs market during the forecast period.
Volatility in raw material prices of crude oil is one of the major challenges for LAMs manufacturers. Most raw materials for bitumen and elastomeric coatings are petroleum-based and are vulnerable to fluctuations in prices. The rise or fall in crude oil prices directly impacts the price of the raw materials required for LAMs. Manufacturers have to cope with high and volatile raw material costs, which reduce their profit margins. This scenario has compelled market players to enhance the efficiency and productivity of their operations to sustain growth and retain market share.
Competition Landscape:
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Liquid Waterproofing Membrane companies that include BASF SE;Pidilite Industries Ltd.;Carlisle Companies Inc.;Fosroc International Ltd;Dow Chemical Company;GAF Materials Corporation;SIKA AG;Solmax;Paul Bauder GmbH & Co.KG;Maris Polymers;Soprema Group;Alchimica Building Chemicals;Johns Manville;CICO Technologies Limited;Kemper System America, Inc.
These companies actively engage in expansions, mergers & acquisitions, and joint ventures in order to maintain their share in the global waterproofing membranes market.
In December 2018, Fosroc International Ltd launched a new green roof waterproofing grade of polyurea. The new polyuria WH 200GR product is a spray-applied polyuria hybrid, especially targeted for the green roof market. Polyurea WH 200GR possesses excellent physical properties of crack bridging and water impermeability.
Segmentation of Liquid Waterproofing Membrane Market:
By Raw Material, Liquid Waterproofing Membrane market can be divided into Modified Bitumen, Poly Vinyl Chloride, Acrylic, Polyurethane and Others.In terms of material, the bitumen segment constituted a major share of the global waterproofing membranes market. The segment is anticipated to continue its dominance during the forecast period, as bitumen possesses excellent physical properties, which include tensile strength, impact resistance, water repellence, elasticity. These make bitumen ideal for waterproofing membranes. Furthermore, bitumen offers excellent capacity to adhere to a solid surface in a fluid state depending on the nature of the surface.Bitumen waterproofing membranes are designed to protect buildings from rain, humidity, snow, and hail. These membranes are made by combining coal tar or asphalt pitch with felts, mats, or fabrics of organic or inorganic fibers.
By Application, the Liquid Waterproofing Membrane market can be divided into Roofing & Walls, Water Management, Tunnel Liners, Bridges and Others.The roofing application segment led the market for waterproofing membranes. The growth can be attributed to its rising application in the Asia Pacific region for residential housing construction. In addition, demand for sheet membranes for roofs due to high exposure to rainwater and environmental moisture is expected to drive the market for the roofing segment over the next seven years. The building structure is expected to witness a growth rate in terms of revenue over the forecasted period which can be attributed due to its high application in building to improve the shelf life and protection at varying temperatures. In addition, increasing use of sheet membrane products for flooring application in buildings is further expected to add growth prospects to the market.
Liquid Waterproofing Membrane Market: Regional Analysis
In terms of geography, the global Liquid Waterproofing Membrane market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.The Asia Pacific led the waterproofing membranes market and accounted for the largest revenue share. The growth can be attributed to the growing infrastructural developments and rapid industrialization, especially in China and India. In addition, the trend will increase the congestion in the city which in turn will increase the demand for utilities in a domestic application for water requirement, thus adding growth to the market. In North America, the market for waterproofing membranes is expected to grow at a significant rate over the forecast period, which can be attributed to the rise in construction activities in Mexico and Canada. In addition, rising investment in warehouse construction for the healthcare, retail, and automotive application industry requiring waterproofing solutions is having a positive impact on industry growth.The product demand in Europe is dominated by product penetration in advanced countries such as the U.K., Germany, France, and others. In addition, the increasing adoption of waste management and water conservation demanding liquid applied and sheet membranes products in residential and buildings is further expected to increase the product demand in the region over the forecast period. In addition, investment in infrastructural projects by the various regional governments are expected to boost the commercial and industrial application segment requiring waterproofing solution, thereby, adding to market growth.
Cagr: 7.2%
Largest share area:Asia Pacific
Largest share country:China
Product Type(by Raw Material):Modified Bitumen, Poly Vinyl Chloride, Acrylic, Polyurethane and Others
Application:Roofing & Walls, Water Management, Tunnel Liners, Bridges and Others
Leading Company:BASF SE;Pidilite Industries Ltd.;Carlisle Companies Inc.;Fosroc International Ltd;Dow Chemical Company