Waterproofing Membrane Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 27.89 Billion
CAGR (2026-2031)	8.51%
Fastest Growing Segment	PVC
Largest Market	North America
Market Size (2031)	USD 45.53 Billion

Market Overview

The Global Waterproofing Membrane Market will grow from USD 27.89 Billion in 2025 to USD 45.53 Billion by 2031 at a 8.51% CAGR. Waterproofing membranes are specialized, thin layers of watertight material, such as modified bitumen, PVC, TPO, or EPDM, applied to building structures to prevent moisture ingress and ensure structural integrity. The primary drivers fueling the market's expansion include the escalating demand for durable infrastructure in emerging economies and the increasing adoption of energy-efficient roofing systems in commercial construction. Furthermore, strict building codes necessitating superior moisture protection in both residential and non-residential sectors continue to sustain long-term demand for these critical building envelope solutions.

However, the market faces a significant challenge in the form of economic volatility and fluctuating raw material costs, which can dampen construction activity and reduce shipment volumes. This contraction is evident in recent industry performance data. According to the Asphalt Roofing Manufacturers Association, in 2025, shipments of modified bitumen membranes in the United States dropped to 8.73 million squares in the third quarter, representing a decline of roughly 27 percent compared to the same period in the previous year. Such downturns in key product segments highlight the market's sensitivity to broader economic pressures and construction cycles.

Key Market Drivers

Rising Government Investment in Public Infrastructure Projects serves as a fundamental catalyst for the waterproofing membrane market. Governments worldwide are prioritizing the expansion and modernization of transportation networks, including bridges, tunnels, and highways, which require high-performance waterproofing solutions to prevent structural degradation from water ingress and chemical attacks. This influx of capital into civil engineering directly translates into sustained orders for bituminous and polymer-based membranes essential for protecting concrete assets. The scale of this activity is evident in major developing economies where state-led initiatives are aggressively funding urbanization. According to the National Bureau of Statistics of China, January 2025, in the 'Investment in Fixed Assets in 2024' release, national investment in infrastructure increased by 4.4 percent year on year. Such robust spending on public works underscores the critical role of waterproofing technologies in ensuring the longevity of large-scale government-funded projects.

Increasing Demand for Energy-Efficient and Green Roofing Systems is the second major force propelling market growth, particularly in the non-residential sector. Building owners are increasingly adopting cool roofing membranes, such as TPO and PVC, and vegetative roof systems to meet stringent sustainability certifications and reduce thermal transfer. This shift toward high-performance building envelopes has bolstered the financial results of key industry manufacturers. According to Carlisle Companies, February 2025, in the '2024 Annual Report', full-year net revenues rose by 9.1 percent to $5 billion, driven significantly by the adoption of their energy-efficient building products. This trend is further validated by the performance of other European leaders in the sector who are capitalizing on the renovation wave. According to Holcim, in 2025, the Solutions & Products segment, which encompasses advanced roofing and insulation systems, achieved net sales of CHF 5.9 billion for the 2024 financial year.

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Key Market Challenges

The Global Waterproofing Membrane Market is significantly hampered by economic volatility and fluctuating raw material costs. These financial instabilities create an unpredictable environment for construction projects, causing developers and contractors to delay or cancel planned initiatives due to budget constraints. When the prices of essential inputs such as polymers, bitumen, and energy rise unpredictably, manufacturers are forced to increase product prices, which dampens demand in cost-sensitive sectors. This uncertainty directly affects the volume of materials procured for both new builds and renovation projects, leading to reduced market activity.

The adverse impact of these economic pressures is evident in the performance of specific roofing categories. According to the Asphalt Roofing Manufacturers Association, in 2025, shipments of built-up roofing base, ply, and mineral cap sheets in the United States fell to 854,240 squares in the third quarter, reflecting a decline of 32.9 percent compared to the previous year. This sharp reduction in shipment volumes illustrates how broader economic challenges and cost fluctuations translate into tangible contractions within the waterproofing membrane industry.

Key Market Trends

The growing adoption of liquid-applied membranes for complex geometries is reshaping the sector, particularly in urban renovation projects where traditional sheet membranes struggle with intricate detailing. Contractors are increasingly favoring these fluid-based systems, such as PMMA and polyurethane, because they cure to form a seamless, monolithic barrier that eliminates the risk of joint failure around penetrations like HVAC units and skylights. This operational shift toward versatile repair solutions is directly impacting manufacturer revenues by favoring portfolios rich in fluid-applied technologies. According to RPM International, July 2025, in the 'Fiscal 2025 Fourth-Quarter and Full-Year Results', the company's Construction Products Group achieved a 6.3 percent increase in net sales, a performance explicitly driven by the robust demand for their turnkey roofing and building maintenance systems.

Simultaneously, the market is witnessing a decisive transition to bio-based and low-VOC sustainable membrane formulations, driven by tightening environmental regulations regarding chemical toxicity and indoor air quality. Unlike the focus on energy efficiency, this trend centers on the molecular composition of the waterproofing material, prompting manufacturers to replace petrochemical solvents with water-based or plant-derived polymers that reduce embodied carbon and hazardous emissions. The commercial viability of this chemical evolution is evident in the financial expansion of major players prioritizing green chemistry. According to Sika, February 2025, in the 'Annual Report 2024', sales in the Americas region increased by 11.2 percent in local currencies, a growth trajectory the company attributes to the accelerated market penetration of its high-performing and sustainable product innovations.

Segmental Insights

The Polyvinyl Chloride (PVC) segment is currently positioned as the fastest-growing category within the global waterproofing membrane market, primarily driven by the escalating demand for energy-efficient and sustainable building solutions. This rapid expansion is attributed to the material's high solar reflectivity, which significantly reduces cooling costs and supports compliance with green building standards advocated by institutions such as the Cool Roof Rating Council. Furthermore, PVC membranes are increasingly favored for their exceptional durability and heat-welded seams, which create a monolithic barrier capable of withstanding harsh environmental conditions and chemical exposure, thereby ensuring long-term structural integrity for commercial infrastructure.

Regional Insights

North America maintains a dominant position in the global waterproofing membrane market driven by the extensive rehabilitation of aging infrastructure and strict building regulations. The region prioritizes long-term structural integrity and environmental protection through mandates enforced by entities such as the United States Environmental Protection Agency. These regulations compel the construction industry to utilize durable and low-emission waterproofing solutions to prevent leakage and soil contamination. Consequently, the sustained requirement for compliant materials in residential and commercial projects establishes the region as the primary market leader.

Recent Developments

In June 2025, Elevate announced the launch of V-Force FR, a premium, impermeable, self-adhered vapor barrier membrane designed for commercial roofing applications. This new product featured an innovative acrylic adhesive and a polypropylene facer, allowing it to achieve a high fire rating directly on steel substrates without requiring a separate non-combustible liner. The launch was part of the company's strategy to provide installation-efficient and safety-compliant solutions for the building envelope sector, catering to stringent industry fire safety standards.
In September 2024, Proteus Waterproofing announced a strategic partnership with ACO Building Drainage to enhance the design and installation of blue roof systems. This collaboration involved integrating a specialized blue roof attenuation system into Proteus’s waterproofing projects to improve rainwater management and flood protection. The partnership aimed to deliver a comprehensive solution that combines robust waterproofing with efficient water storage and drainage, addressing the growing demand for sustainable urban drainage systems in the construction industry.
In April 2024, Sika showcased its latest advancements in liquid-applied membranes at the Coverings 2024 event in Atlanta. The presentation included the introduction of SikaTile-100 Moisture Guard, a fast-drying elastomeric waterproofing membrane, and SikaTile-200 Fracture Guard Rapid, a crack-isolation membrane. These innovations were developed to provide superior protection for tile and stone installations, preventing moisture intrusion and in-plane surface cracks, thereby extending the longevity of the installation in various construction environments.
In March 2024, Polyglass U.S.A., Inc. unveiled Modifleece, a new fleece-backed Styrene-Butadiene-Styrene (SBS) modified bitumen roofing membrane base sheet, at the IIBEC Trade Show. This product was designed specifically for use in multi-ply low-slope roofing systems, setting a new standard in roofing technology with its enhanced performance and versatility. The launch highlighted the company's focus on developing durable building envelope solutions that address the specific challenges of commercial roofing applications.

Key Market Players

BASF SE
Kemper System America, Inc.
GAF Materials Corporation
Paul Bauder GmbH & Co. KG
CICO Technologies Ltd.
Fosroc Ltd
GAF Materials Corporation
Alchimica Building Chemicals
Isomat S.A.
Bayer MaterialScience AG

By Material	By Type	By Application	By Region
Modified Bitumen PVC TPO EPDM HDPE LDPE	Liquid-applied Membranes Sheet Based Membranes	Roofing & Walls Water & Waste Management Building Structures Tunnel Liners Bridges & Highways	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Waterproofing Membrane Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Waterproofing Membrane Market, By Material:

Modified Bitumen
PVC
TPO
EPDM
HDPE
LDPE

Waterproofing Membrane Market, By Type:

Liquid-applied Membranes
Sheet Based Membranes

Waterproofing Membrane Market, By Application:

Roofing & Walls
Water & Waste Management
Building Structures
Tunnel Liners
Bridges & Highways

Waterproofing Membrane Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Waterproofing Membrane Market.

Available Customizations:

Global Waterproofing Membrane Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Waterproofing Membrane Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Waterproofing Membrane Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Material (Modified Bitumen, PVC, TPO, EPDM, HDPE, LDPE)

5.2.2. By Type (Liquid-applied Membranes, Sheet Based Membranes)

5.2.3. By Application (Roofing & Walls, Water & Waste Management, Building Structures, Tunnel Liners, Bridges & Highways)

5.2.4. By Region

5.2.5. By Company (2025)

5.3. Market Map

6. North America Waterproofing Membrane Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Material

6.2.2. By Type

6.2.3. By Application

6.2.4. By Country

6.3. North America: Country Analysis

6.3.1. United States Waterproofing Membrane Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Material

6.3.1.2.2. By Type

6.3.1.2.3. By Application

6.3.2. Canada Waterproofing Membrane Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Material

6.3.2.2.2. By Type

6.3.2.2.3. By Application

6.3.3. Mexico Waterproofing Membrane Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Material

6.3.3.2.2. By Type

6.3.3.2.3. By Application

7. Europe Waterproofing Membrane Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Material

7.2.2. By Type

7.2.3. By Application

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Waterproofing Membrane Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Material

7.3.1.2.2. By Type

7.3.1.2.3. By Application

7.3.2. France Waterproofing Membrane Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Material

7.3.2.2.2. By Type

7.3.2.2.3. By Application

7.3.3. United Kingdom Waterproofing Membrane Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Material

7.3.3.2.2. By Type

7.3.3.2.3. By Application

7.3.4. Italy Waterproofing Membrane Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Material

7.3.4.2.2. By Type

7.3.4.2.3. By Application

7.3.5. Spain Waterproofing Membrane Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Material

7.3.5.2.2. By Type

7.3.5.2.3. By Application

8. Asia Pacific Waterproofing Membrane Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Material

8.2.2. By Type

8.2.3. By Application

8.2.4. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Waterproofing Membrane Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Material

8.3.1.2.2. By Type

8.3.1.2.3. By Application

8.3.2. India Waterproofing Membrane Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Material

8.3.2.2.2. By Type

8.3.2.2.3. By Application

8.3.3. Japan Waterproofing Membrane Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Material

8.3.3.2.2. By Type

8.3.3.2.3. By Application

8.3.4. South Korea Waterproofing Membrane Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Material

8.3.4.2.2. By Type

8.3.4.2.3. By Application

8.3.5. Australia Waterproofing Membrane Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Material

8.3.5.2.2. By Type

8.3.5.2.3. By Application

9. Middle East & Africa Waterproofing Membrane Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Material

9.2.2. By Type

9.2.3. By Application

9.2.4. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Waterproofing Membrane Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Material

9.3.1.2.2. By Type

9.3.1.2.3. By Application

9.3.2. UAE Waterproofing Membrane Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Material

9.3.2.2.2. By Type

9.3.2.2.3. By Application

9.3.3. South Africa Waterproofing Membrane Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Material

9.3.3.2.2. By Type

9.3.3.2.3. By Application

10. South America Waterproofing Membrane Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Material

10.2.2. By Type

10.2.3. By Application

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Waterproofing Membrane Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Material

10.3.1.2.2. By Type

10.3.1.2.3. By Application

10.3.2. Colombia Waterproofing Membrane Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Material

10.3.2.2.2. By Type

10.3.2.2.3. By Application

10.3.3. Argentina Waterproofing Membrane Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Material

10.3.3.2.2. By Type

10.3.3.2.3. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Waterproofing Membrane Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. BASF SE

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Kemper System America, Inc.

15.3. GAF Materials Corporation

15.4. Paul Bauder GmbH & Co. KG

15.5. CICO Technologies Ltd.

15.6. Fosroc Ltd

15.7. GAF Materials Corporation

15.8. Alchimica Building Chemicals

15.9. Isomat S.A.

15.10. Bayer MaterialScience AG

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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