Synthetic Polymer Waterproofing Membrane Market Size, Share, Growth, And Industry Analysis By Type (Sheet Based Waterproofing Membrane and Liquid Applied Membranes) By Application (Roofing, Walls, Building Structure, Tunnel & Landfills, and Other) and Regional Forecast to 2032

Updated On: 15 April 2024

Synthetic Polymer Waterproofing Membrane Market Report Overview

• 
• Request a Free sample to learn more about this report

The global Synthetic Polymer Waterproofing Membrane market size was USD 10660 million in 2022 and market is projected to touch USD 15590.55 million by 2032, exhibiting a CAGR of 3.9% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the synthetic polymer waterproofing membrane market growth and demand returning to pre-pandemic levels once the pandemic is over.

It's understandable why the demand has increased so dramatically in recent years. These membranes provide outstanding defense against water damage, making them crucial to building projects. The PVC membrane is one of the most widely used synthetic polymer waterproofing membranes. PVC, or polyvinyl chloride, is renowned for its tensile strength and chemical resistance. This membrane is frequently employed in applications, including underground structures and roofs. The TPO membrane is yet another variety of it. Thermoplastic olefin, or TPO, is resistant to UV rays and extremely high temperatures. It is a fantastic choice for outdoor applications where exposure to the elements is a concern.

Another popular variety is EPDM. Ethylene propylene diene monomer, or EPDM, is a material renowned for its flexibility and strong resistance to weathering. Flat roof applications frequently use this kind of membrane. As more and more sectors realize how crucial it is to safeguard their structures from water damage, this market keeps expanding. There is a solution for every building project because so many different kinds of membranes are available. These artificial polymers, whether used in PVC, TPO, or EPDM membranes, offer durability and peace of mind.

COVID-19 Impact: The Lockdown And Social Distancing Accelerated The Market Growth

Like other industries, this market has been significantly impacted by the COVID-19 epidemic. The need for waterproofing solutions has increased as the world struggles to deal with the problems the virus has brought about. Many people use synthetic polymer waterproofing membranes because of their strength, adaptability, and resistance to water damage. The demand for these membranes has increased due to consumers spending more time at home and making improvements and repairs. As a result, producers and suppliers in this market have exciting prospects to serve customers' needs and advance the sector.

Latest Trends

"The Development Of Highly Durable And Flexible Membranes That Provide Superior Protection Against Water Damage Boost The Market Expansion"

A fascinating new trend revolutionizing the building sector is sweeping this market. The most recent breakthrough in synthetic polymer waterproofing membranes is the creation of very resilient and flexible membranes that offer the best defense against water damage. This is due to advances in technology and materials. To ensure long-lasting function, these membranes are developed to resist chemicals, UV radiation, and harsh weather. They also have great adhesive qualities, making installation simple and lowering the possibility of leaks. Building construction is changing due to the most recent development, which offers architects and engineers creative ways to produce waterproof structures that last the test of time.

Synthetic Polymer Waterproofing Membrane Market Segmentation

• 
• Request a Free sample to learn more about this report

• By Type Analysis

The synthetic polymer waterproofing membrane market can be segmented into sheet based waterproofing membrane and liquid applied membranes. Among these, sheet based waterproofing membrane is projected to experience rapid growth through 2032.

• By Application Analysis

The market can be divided based on application into roofing, walls, building structure, tunnel & landfills, and others. Roofing is expected to hold the most significant synthetic polymer waterproofing membrane market share in the upcoming years.

Driving Factors

"Increasing Demand For Durable And Long-Lasting Waterproofing Solutions In Various Industries, Such As Construction And Infrastructure, Propel the Market Expansion"

The growing need for strong, long-lasting waterproofing solutions across various industries, including infrastructure and construction, is one of the primary causes. They have gained popularity because of their high performance and capacity to withstand adverse weather conditions, coinciding with urbanization’s growth and the necessity for sustainable structures.

"Growing Awareness About The Benefits And Technology Advancements Fuels the Market Growth"

Technological improvements are also driving this market. New products with improved qualities, including increased flexibility, better adhesion, and chemical resistance, are always being developed by manufacturers. These technical developments draw more clients looking for long-lasting, high-quality waterproofing solutions. The market is partly expanding due to increased consumer knowledge of the advantages of synthetic polymer waterproofing membranes. Customers are becoming aware of these membranes’ benefits, affordability, ease of installation, and minimal maintenance needs. They can be recycled and use less energy. Thus, they are also environmentally beneficial.

Restraining Factors

"High Cost And The Limited Awareness Hinder The Market Growth"

This market is increasing because of cutting-edge technologies and creative solutions. To fully realize the potential of this industry. However, a few impediments must be removed. The high expense of synthetic polymer waterproofing membranes is one of the main obstacles. Although these membranes have outstanding performance and durability, some consumers may find their costs unaffordable. The lack of customer knowledge of the advantages of synthetic polymer waterproofing membranes is another problem impeding the market's expansion. The long-term cost savings and protection that these membranes can offer still need to be discovered.

Synthetic Polymer Waterproofing Membrane Market Regional Insights

• 
• Request a Free sample to learn more about this report

"North America to Dominate Market Due To The Increasing Demand For Durable And Long-Lasting Waterproofing Solutions "

Between 2022 and 2032, the synthetic polymer waterproofing membrane market will be dominated by North America. Factors driving the market growth in this region include the increasing demand for durable and long-lasting waterproofing solutions in various industries, such as construction and infrastructure.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Soprema Group (U.S.)
• Sika (Switzerland)
• Fosroc (India)
• GAF (U.S.)
• Icopal Group (Denmark)
• TehnoNICOL (Russia)
• Polyglass (U.S.)
• Imperbit Membrane (U.A.E.)
• General Membrane (Italy)
• Carlisle (U.S.)
• Modern Waterproofing (U.K.)
• ChovA (Spain)
• Bauder (U.K.)
• ARDEX Group (Germany)
• Henkel Polybit (U.A.E.)
• Renolit (Germany)
• Tegola Canadese (Italy)
• Index (U.S.)
• Hansuk (South Korea)
• Schluter-Systems (Germany)
• Protecto Wrap (U.S.)
• Grace (U.S.)
• Colas (France)
• Vetroasfalto (Italy)
• Tamko (U.S.)
• Multiplan Yalıtım (Turkey)
• Oriental Yuhong (China)
• CKS (U.S.)
• Hongyuan Waterproof (China)
• Tangshan Desheng (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.