Waterproofing Membrane
Market Size, Growth Outlook 2025-2034

The global waterproofing
membrane market was estimated at USD 34 billion in 2024. The
market is expected to grow from USD 35.5 billion in 2025 to USD 63.3 billion in
2034, at a CAGR of 6.7%.

The rapid pace of
international urbanization and large-scale capital projects are two of the main
drivers of the growth of the waterproofing membrane market. The expanding
development and upgrading of cities is leading to innumerable residential,
commercial, transport and public property build projects requiring
waterproofing membranes. The growing popularity of waterproofing solutions
stems from the need to protect property from water damage and make sure such
membrane solutions will help prolong the life of property and infrastructure.

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Further, the volume of
development is consistent throughout the many developing countries, which have
been heavily focused on urbanization, rapid population growth and government
infrastructure upgrades. The demand for durable and high-performance waterproof
membranes have been clearly recognized by those ones either upgrading existing
property or developing something entirely new. Waterproofing membranes are an
important market indicator because of the high volume and complexity of
construction involved.

For example, in November
2023, the Ministry of Housing and Urban-Rural Development in China issued rules
mandating waterproofing membranes be used in all subway and tunnel construction
to set minimum standards that led to an increase in manufacturers enhancing
production capacity.

In addition, neighboring
Southeast Asian countries such as Indonesia and Thailand have also used
waterproof membranes as a waterproofing layer to mitigate decay caused by the
annual monsoon season in their infrastructure. The examples provided above indicate
the level of governance, standards making waterproofing membranes increasingly
integral in new builds, which means increased benchmark competition focused on
performance.

Growing environmental
consciousness and stricter regulations concerning sustainability are driving
market growth by requiring new waterproofing membranes to be surface mounted or
modified and environmentally friendly.

Building codes,
environmental ratings, LEED, and BREEAM; promote environmentally friendly, low
VOCs, recyclable, energy efficient, waterproofing membranes in a growing global
urge for sustainability in construction, which leads to innovation and demand for
waterproofing membranes that offer energy conservation, less environmental
pollution effects and healthier environments indoors leading to an all-around
market growth across residential, commercial, and industrial developments.

As an example, in December
2023 the United States Green Building Council updated its LEED certification
requirements and assigned points to building projects with waterproofing
membranes contain recycled content and a low global warming potential to induce
manufacturers to develop environmentally friendly chemistries.

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The European Union has the
directive for the Energy Performance of Buildings Directive (EPBD) 2023 as well
as requiring all public buildings by 2030 to have cool roof membranes (50% less
absorbed solar heat). These examples clearly show that sustainability is
becoming a key driver of the waterproofing membrane industry, while also
creating innovation and demand for environmentally friendly membranes.

U.S. dominated the
waterproofing membrane market in North America with around 75% share in 2024
and generated USD 6.7 billion in revenue.

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