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Positive outlook towards durable materials in construction to drive global waterproofing membranes market

Positive outlook towards durable materials in construction to drive global waterproofing membranes market

31-Dec-16

Waterproofing membranes market size is expected to reach US$10.9 bln by 2024; according to a research report by Global Market Insights, Inc. Positive outlook towards durable materials usage in construction should drive global waterproofing membranes market growth. It is used in designing and installing bathrooms, kitchens and laundries. Raw material availability along with enhanced properties including UV resistance, flexibility and high flow rate may fuel product demand. New waterproofing systems, when compared to traditional ones offer advantages in terms of cost reduction, better planning, and overall concrete protection. Technological innovations aimed for of new materials development industry participants should remain critical success factors for product demand.
German waterproofing membranes market is estimated to surpass 250 mln sq mtrs in installation by 2024. Growing government regulations on account of growth in infrastructure development may favor industry growth in the region. EU Commission announced favorable prices governing biopolymers which should provide relaxed environmental solutions.
Polymer waterproofing membrane market share may witness highest gains at over 7%. These products are applied to treat porous surfaces and prevent water migration through substrate or seams. PVC, thermoplastic polyolefins, polyurethane and EPDM are polymers used in product manufacturing process. Key advantages include water resistance, full surface adhesion, water vapor permeable and flexibility. Liquid waterproofing membrane market size may witness average industry growth at over 6.5% and register close to 2.5 billion sq. mtrs by 2024. It is mainly used for roofing due to properties including elongation, strength and durability. They are used as substitutes to prefabricated sheet membranes in roofing applications as they offer flexibility in roof coating in complex structural design and refurbishment tasks. However, lack of awareness and limited producers may hinder industry growth. Key raw materials, polypropylene and bitumen, are used for product manufacturing. Fluctuating crude oil costs and reseller margins along with raw material unavailability will challenge the industry. These raw materials may witness tight supply dynamics and affect waterproofing membrane market price trend.
Key insights from the report include: 
*U.S. bitumen waterproofing membrane market size should witness growth at 5.5% in revenue terms and may surpass US$315 mln business by 2024. It is manufactured in two graded including styrene-butadiene-styrene (SBS) bitumen and atactic polypropylene (APP) butadiene.
*China sheet waterproofing membrane market size may witness over US$290 mln sales by 2024. These are produced in factory and brought to the application site in the form of rolls which are unfurled and laid on surface.
*UK waterproofing membrane market size may generate over US$550 mln by 2024. Growing concern towards waste and water management should stimulate industry growth in the region.
*Demand for wall construction may witness over 6% growth during the forecast timeframe. Generally, liquid applied products are more preferred on walls on account of maintaining its aesthetic features and lower cost.
*Building structure industry in Brazil may witness growth at 7%. Growth in construction spending should drive regional demand.
* Global waterproofing membranes market share is fragmented. Key players engaged in this industry include Sika AG, Pidilite Industries., BASF and Paul Bauder GmbH. Other major participants Kemper System, Dow, DuPont, GAF Materials, Fosroc Ltd., and CICO Technologies.

The market size of waterproofing membranes is estimated to grow from US$23.61 bln in 2016 to US$36.62 bln by 2021, at a CAGR of 9.2%. The market is driven by the rising building and construction industry, improved quality of construction, and increased demand in mining as per Markets and Markets.
TPO waterproofing membranes are the fastest-growing commercial roofing membranes and have gained wide acceptance in different industries for their performance, and installation advantages at competitive cost.  Some other benefits of TPO includes its eco-friendly  chemistry, recyclability, durability, flexibility, low installation cost, less labor requirement, and exception heat resistant properties suitable for energy-efficient roofing systems. The roofing & walls application of waterproofing membranes has a wide scope for its expansion, which in turn would help in increasing the consumption for waterproofing membranes globally. Roofing and walls is the biggest waterproofing membrane application and is projected to be worth US$13.02 bln by 2021.
The Asia-Pacific region is the world’s largest market of waterproofing membranes with a share of 40.1% in terms of volume in 2015. China is the key consumer of waterproofing membranes in Asia-Pacific. Rising roofing, waste, and water management industries are driving the market in the region. Various merger & acquisitions, product launches, developments, and expansions in different industries have in turn made the region a potential growth market for waterproofing membranes.

Global waterproofing membranes market is expected to reach US$9.49 bln by 2022, according to a new study by Grand View Research, Inc. Increased infrastructural investments by USA, India and China is expected to propel market growth over the forecast period. In addition, improving infrastructure in developing countries of Central & South America and Asia Pacific has been a key contributing factor to overall growth of the waterproofing membranes market over the past few years and the trend is expected to continue over the forecast period. Uneven distribution of water precipitation both geographically and seasonally increases need for water conservation, transportation, and treatment which is expected to augment market demand over the next 7 years.
These products are used in wide range of applications such as roofing & walls, waste & water management, building structures and tunnel liners. Roofing and geo-membranes are two major products widely used in various applications and are expected to be potential growth drivers over the forecast period.  Global waterproofing membrane market volume was 1,947 mln sq mtrs in 2014 and is estimated to reach 3,231.9 mln sq mtrs in 2022 at a CAGR of 6.6% from 2015 to 2022. Polymers including TPO, EPDM, and PVC, are widely used in roofing, walls, and building structures, whereas, HDPE, EVA, and LPDE are largely employed for liquid and solid waste management, mining, tunnel liners and waste water treatment systems. Rising application of the product in mines coupled with expanding mining activities is expected to drive waterproofing membrane industry demand over the forecast period. Cost effectiveness and low manufacturing cost are key factors which are expected to propel growth in the next seven years.


Global waterproofing membrane market, by product, 2012 - 2022 (mln sq mtrs)



Polymers including PVC, thermoplastic polyolefins (TPO), ethylene propylene diene terpolymer (EPDM) and polyurethanes dominated demand, accounting for over 45% of the total market in 2014. These are primarily employed in manufacturing products that are designed to provide flexible watertight coating bonded directly to the surface. Polyurethane membranes have uniform thickness hence making its application uniform and easy. Bitumen waterproofing membranes including styrene-butadiene-styrene (SBS) bitumen and atactic polypropylene (APP) butadiene have been extensively used for sealing purposes in buildings and other structures. Use of bitumen has been banned in a few regions including North America on account of the ill-effects it has on the environment. However, bitumen is largely employed in Asia Pacific countries including India and China on account of the presence of relaxed environmental regulations.
The liquid-applied membrane was the largest application segment in 2014 accounting for over 60% of the global market. Increasing global infrastructural investment, growing awareness about liquid applied and cost-effectiveness have been some of the factors driving growth for this segment. On a regional level, North America, and Europe have been the largest markets for liquid applied products; however, Asia Pacific waterproofing membranes industry is projected to emerge as the fastest growing market with highest growth rate, over the forecast period, followed by Europe. Sheet applications are expected to grow on account of advantages such as low price, reduced maintenance, and enhanced safety properties. Sheets are preferred over liquid applied, on account of its ability to cover gaps and bridge over cracks with higher effectiveness. They are applied to roofs, walls, balconies, wet rooms, bathrooms and kitchen floors.
Building structures were the largest end-use segment wherein the product is applied to improve the shelf life of the building and protect the structure from varying temperatures. Use in building structures accounted for 23.2% of the global market in 2014 and is expected to witness a 0.9% increase in share by 2022. Roofing was the second largest end-use segment on account of properties including high thermal resistance and capacity to withhold weight exerted by foot traffic. In the case of large area, sheet membranes are preferred, whereas, in the case of smaller areas, liquid applied products are preferred. Liquid applied products are most preferred on walls over sheets, on account of maintaining its aesthetic features, and lower cost.
Asia Pacific has been the fastest growing region over last four years and is expected to grow substantially over the forecast period on account of increasing infrastructure development in the region. North America is expected to witness high demand over the forecast period owing to increasing development in the construction and mining sector in the region. Increasing exploration and production of crude oil in the Middle East is expected to drive the overall market in the next seven years. Europe waterproofing membrane market was the largest in 2014 on account of rising concerns regarding water and waste management in the region. European Union countries are expected to witness high demand from Germany, Italy, France and Russia owing to the economic development of the nations.

The Waterproofing Membranes Market is estimated to witness a CAGR of 8.4% between 2015 and 2020, and is expected to generate a global market size in terms of value of US$32,857.8 mln by 2020, as per Markets and Markets. Some of the drivers include impressive growth of construction and water management industry in the Asia-Pacific region, growing demand of waterproofing membranes in mining applications and the cost-effectiveness of waterproofing membranes. There are some opportunities which are expected to change the dynamics of waterproofing membranes industry in the years to come, which include increasing demand of waterproofing membranes materials in major applications including roofing, mining, and waste management and the booming construction industry in the Asia-Pacific region. Asia-Pacific region is the world's largest market of waterproofing membranes with a share of 39.6% in terms of volume in 2013. China is the key consumer of waterproofing membranes in Asia-Pacific. Rising roofing, waste, and water management industry is driving the market in the region. Various merger & acquisitions, product launches, developments, and expansions in different industries have made the region a potential growth market for waterproofing membranes. Roofing & walls is the biggest waterproofing membrane application which is projected to be worth US$12,585.7 mln by 2020.

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