Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site


D+D News

Main News Page

Waterproofing Market to Hit $9.5B by 2022

Monday, April 18, 2016

More items for Building Envelope

Comment | More

The global demand for waterproofing membranes is expected to reach $9.5 billion by 2022 with an estimated compound annual growth rate (CAGR) of 6.6 percent, a new market forecast suggests.

The report, by Global Market Insights Inc., cites growing demand for material technology innovation driven by a boom in construction—particularly in Asia Pacific and the Middle East.

In the U.S., the market firm anticipates moderate gains of more than 5.5 percent through 2022. The U.S. accounted for more than 20 percent of the total global demand in 2014. 

© iStock.com / estherpoon

Asia’s construction boom is driving global demand for waterproofing membrane and material technology innovation, according to Global Market Insights Inc.

Waterproofing membranes are widely used for roofing and to protect foundations and vertical walls, as well as between-the-slab waterproofing on parking decks and structural slabs.

Liquid-applied membrane applications accounted for 67.2 percent of the total volume in 2014.

One challenge to the market’s growth, however, is lack of knowledge among contractors as to the quality and type of construction chemicals in a durable structure application. The report also cites fluctuating polypropylene and bitumen prices as likely to hamper industry profitability.

Growing Segments

In 2014, polymer membranes accounted for more than 45 percent of the total demand, generating revenue of more than $2.5 billion. Polyurethane membrane use is expected to grow due to the wide availability of raw materials coupled with its resistance to weather and UV, as well as to battery acids, alkaline cleaners and fuels.

© iStock.com / BanksPhotos

Liquid-applied waterproofing membrane accounted for 67.2 percent of the total volume in 2014, according to Global Market Insights. Polyurethane waterproofing is expected to grow due to the wide availability of raw materials and its resistance to harsh environments and chemicals.

Bitumen is also likely to have an above-average growth rate, estimated at 6.7 percent up to 2022. While banned in North America and other regions for environmental reasons, bitumen is widely used in China and India.

Roofing accounted for 26.9 percent of waterproofing membrane demand in 2014. Building structures are likely to witness significant gains at 7.1 percent from 2015 to 2022.

Asia to Lead Market

Asia’s construction market share has increased from 31 percent in 2005, and the report forecasts a 46 percent share by 2020. Construction industries in the emerging markets are anticipated to grow at a faster rate than in advanced economies.

Eastern Europe is also expected to have positive impact on construction spending, with Poland, Russia and Turkey among the fastest growing countries.

Companies identified in the report include BASF, Dow Chemicals, DuPont, Pidilite and Sika AG.


Tagged categories: Bridge/parking deck waterproofing; Construction; Construction chemicals; Economy; Market forecasts; Waterproofing; Waterproofing membranes

Comment Join the Conversation:

Sign in to our community to add your comments.

Keim Mineral Coatings
Mineral Silicate Paints + Stains Fuse to Concrete
• Forms permanent chemical bonds
• Becomes part of the concrete
• Will never peel
• Looks completely natural

Shield Industries, Inc
FireGuard® E-84 Intumescent Coating - Shield Industries, Inc
Trust the certified protection of the industry’s most innovative intumescent coating FireGuard® E-84 to provide you with the 1 and 2 hour fire ratings you need.

Novatek Corporation
Novatek Portable Air Filtration Systems
Air Scrubbers/Negative Air machines for restoration, abatement, dust & odor control, hazardous contaminant removal from job sites to clean rooms and hospitals. Portable, affordable!


Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com

The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker


© Copyright 2012-2018, Technology Publishing Co., All rights reserved