Global Waterproofing Membranes Market Size, Share, And Business Benefits By Type (Liquid Applied (Silicone, Polyurethane, Cementitious, Others), Sheet Based (Modified Bitumen, Thermoplastic Polyolefin, EPDM, Fluoropolymer Sheet, Fiber-reinforced Polymer, PVC, Others)), By Usage (Refurbishment, New Construction), By Application (Roofing, Basement and Foundation, Walls and Facades, Landfills and Tunnels, Others), By End Use (Residential, Commercial, Industrial, Infrastructure), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2025-2034

Report Overview

The Global Waterproofing Membranes Market is expected to be worth around USD 56.7 billion by 2034, up from USD 30.2 billion in 2024, and is projected to grow at a CAGR of 6.5% from 2025 to 2034. Asia Pacific accounted for 45.90% market share, highlighting its dominance at USD 13.8 Bn.

Waterproofing membranes are protective layers used in construction to prevent water from seeping into structures. They are commonly applied on roofs, basements, tunnels, bridges, and water-retaining structures. These membranes act as barriers, ensuring durability, safety, and reduced maintenance costs for buildings and infrastructure.

The waterproofing membranes market refers to the global demand and supply of these protective solutions. It is driven by rapid urbanization, aging infrastructure, and the need for sustainable construction practices. Governments and private investors are increasingly funding large-scale renovation and development projects, creating steady growth opportunities for this sector.

One major growth factor is the rising need for infrastructure renovation. For instance, nearly $32 million has been allocated to start the exterior makeover of the Louisiana State Capitol, reflecting how public funds are pushing demand for advanced waterproofing solutions in historical and government buildings.

The demand is further supported by urban real estate upgrades. Cities like Coral Springs are considering grants, such as the $50,000 approved for revamping an aging office building on University Drive, highlighting how local initiatives are creating steady opportunities for membrane applications in commercial properties.

A key opportunity lies in the flow of private capital into construction-linked industries. For example, SBI Mutual Fund’s recent ₹7700 Cr stake purchase in a large-cap stock underscores investor confidence in infrastructure-related growth. Such financial backing indirectly boosts the waterproofing membranes market by ensuring funds for real estate expansion, high-rise developments, and modernization projects.

Key Takeaways

• The Global Waterproofing Membranes Market is expected to be worth around USD 56.7 billion by 2034, up from USD 30.2 billion in 2024, and is projected to grow at a CAGR of 6.5% from 2025 to 2034.
• The waterproofing membranes market is dominated by liquid-applied types, accounting for 64.9% share.
• New construction projects drive the Waterproofing Membranes Market significantly, holding 59.3% of overall usage.
• Roofing applications lead the Waterproofing Membranes Market, contributing 34.1% of total market demand.
• Residential end use remains strong in the Waterproofing Membranes Market, capturing 31.2% market share.
• The Asia Pacific’s strong growth reflects rising urbanization and infrastructure demand worth USD 13.8 Bn.

By Type Analysis

Waterproofing Membranes Market sees 64.9% share from liquid-applied.

In 2024, Liquid Applied held a dominant market position in the By Type segment of the Waterproofing Membranes Market, with a 64.9% share. This strong preference highlights the advantages of liquid-applied membranes, which offer seamless coverage, flexibility, and ease of application across varied construction surfaces. Their ability to adapt to complex shapes and provide uniform protection against water penetration has made them a preferred choice in both new construction and renovation projects.

The segment’s leadership also reflects growing investments in infrastructure upgrades and building maintenance, where durability and cost efficiency are critical. As funding for restoration and modernization continues to rise, liquid-applied membranes are expected to retain their significant role in the market.

By Usage Analysis

New construction projects hold 59.3% demand in the Waterproofing Membranes Market.

In 2024, New Construction held a dominant market position in the By Usage segment of the Waterproofing Membranes Market, with a 64.9% share. This dominance reflects the rising focus on integrating advanced waterproofing solutions during the initial phases of building and infrastructure development. New construction projects benefit from early adoption of membranes, ensuring long-term durability, energy efficiency, and reduced maintenance costs.

The strong share also indicates the growing demand for modern housing, commercial spaces, and public infrastructure that require reliable water protection systems. With increasing investments in large-scale developments and urban expansion, the preference for waterproofing membranes in new construction continues to drive momentum within this segment of the market.

By Application Analysis

Roofing applications dominate with a 34.1% share in the Waterproofing Membranes Market.

In 2024, Roofing held a dominant market position in the By Application segment of the Waterproofing Membranes Market, with a 34.1% share. This leadership underscores the critical role of waterproofing in protecting roofs from water seepage, structural damage, and weather-related deterioration. Roofing applications require high-performance membranes to ensure long-term durability, energy efficiency, and safety in both residential and commercial buildings.

The significant share reflects the consistent demand for roof protection solutions, as roofing is one of the most exposed parts of a structure. With growing investments in construction and renovation projects, the roofing segment continues to maintain its strong position, highlighting its importance in driving overall adoption of waterproofing membranes.

By End Use Analysis

The residential sector contributes 31.2% growth in the waterproofing membranes market.

In 2024, Residential held a dominant market position in the By End Use segment of the Waterproofing Membranes Market, with a 31.2% share. This dominance highlights the rising demand for effective waterproofing solutions in housing projects, as homeowners prioritize durability, safety, and protection against water damage.

Residential buildings often face challenges such as roof leaks, basement seepage, and wall dampness, making waterproofing a critical component in construction. The strong share reflects the increasing number of residential developments and renovations where membranes are applied to enhance structural longevity. With a growing focus on quality living spaces and long-term asset value, the residential segment continues to lead the market by driving the adoption of waterproofing membranes.

Key Market Segments

By Type

• Liquid Applied
  • Silicone
  • Polyurethane
  • Cementitious
  • Others
• Sheet Based
  • Modified Bitumen
  • Thermoplastic Polyolefin
  • EPDM
  • Fluoropolymer Sheet
  • Fiber-reinforced Polymer
  • PVC
  • Others

By Usage

• Refurbishment
• New Construction

By Application

• Roofing
• Basement and Foundation
• Walls and Facades
• Landfills and Tunnels
• Others

By End Use

• Residential
• Commercial
• Industrial
• Infrastructure

Driving Factors

Rising Infrastructure Investments Boost Waterproofing Membranes Growth

One of the top driving factors for the waterproofing membranes market is the steady rise in global infrastructure investments. As cities expand and old structures require upgrades, demand for reliable waterproofing solutions continues to grow. Waterproofing membranes are essential in protecting roofs, basements, and foundations from water damage, extending the life of buildings and reducing costly repairs.

Governments and private players are channeling significant resources into construction and renovation. For example, a billionaire dealmaker backed by Jared Kushner recently sealed an $11 billion takeover of a US roofing group, signaling strong investor confidence in the building materials sector. Such large-scale funding highlights how capital inflows are directly fueling the growth and adoption of waterproofing membranes worldwide.

Restraining Factors

High Installation Costs Limit Market Expansion

A key restraining factor for the waterproofing membranes market is the high cost of installation. While these membranes provide long-term protection and durability, the upfront expenses involved in materials, skilled labor, and advanced application techniques can be a barrier, especially for small-scale projects or budget-conscious builders.

In many cases, property owners may delay or avoid waterproofing due to the significant initial investment, opting for cheaper but less effective alternatives. This cost sensitivity is more evident in developing regions, where affordability plays a major role in decision-making. As a result, even though waterproofing membranes are highly effective, the higher installation costs continue to slow down faster adoption across certain sectors of the construction industry.

Growth Opportunity

Training Investments Create Opportunity for Market Expansion

A major growth opportunity for the waterproofing membranes market lies in the rising focus on workforce training and skill development in the construction sector. Skilled application is critical to ensure the effectiveness of waterproofing membranes, as improper installation can reduce their performance. With governments and institutions prioritizing training programs, the industry is set to benefit from a more capable workforce.

For instance, £600 million construction training funding has been announced, which will help improve technical knowledge and practical skills across building trades. This initiative not only raises construction quality but also encourages wider adoption of advanced waterproofing solutions. As trained professionals deliver better results, the market can expand steadily, tapping into new projects and ensuring long-term growth.

Latest Trends

Rising Demand from Affordable Housing Projects Worldwide

One of the latest trends in the waterproofing membranes market is the growing use of these solutions in social and affordable housing projects. As governments push for mass housing to meet urban population needs, the requirement for durable and cost-effective waterproofing has increased sharply. Affordable housing developments often face challenges like water seepage and dampness due to high-density construction, making membranes essential for long-term protection.

Recently, a £2 billion boost for social and affordable housebuilding was announced, underscoring the scale of investment flowing into this sector. Such funding ensures that modern construction practices, including advanced waterproofing, are integrated into these projects, driving consistent demand and positioning affordable housing as a major growth avenue for the market.

Regional Analysis

In 2024, Asia Pacific dominated with a 45.90% share, reaching USD 13.8 Bn.

In 2024, the Waterproofing Membranes Market exhibited strong regional diversification, with the Asia Pacific emerging as the dominating region. Holding 45.90% of the global share and valued at USD 13.8 Bn, the region’s leadership reflects rapid urbanization, large-scale infrastructure projects, and increasing investments in residential and commercial construction.

Countries across the Asia Pacific continue to prioritize modern housing and public infrastructure upgrades, supporting the extensive use of waterproofing solutions. North America and Europe also represent significant markets, backed by renovation activities in aging infrastructure and the steady adoption of advanced building technologies.

Meanwhile, the Middle East & Africa are gradually expanding their presence, driven by ongoing construction in commercial hubs and government-backed development projects. Latin America maintains a moderate share, where growth is supported by urban expansion and improvements in construction practices.

The clear dominance of Asia Pacific underscores its role as the key growth engine of the global market, while other regions contribute steadily through specialized projects and regional development plans. Together, these regions highlight a balanced yet clearly Asia Pacific-led market landscape for waterproofing membranes in 2024.

Key Regions and Countries

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

Key Players Analysis

In 2024, BASF SE continued to demonstrate its strength in the global waterproofing membranes market by leveraging its expertise in advanced chemical solutions. The company’s focus on high-performance construction materials has positioned it as a reliable provider for large-scale projects. BASF’s ability to innovate sustainable and efficient membrane solutions aligns well with the growing global demand for long-term durability in both residential and infrastructure applications.

Kemper System America, Inc. has built its position around liquid-applied waterproofing systems, which offer seamless protection and flexibility. Its technology caters to modern construction needs, particularly in complex structures where traditional sheet membranes may face limitations. The company’s expertise in this segment gives it a competitive edge, especially as the demand for advanced roofing and restoration solutions rises.

GAF Materials Corporation remains a key player with a strong emphasis on roofing applications, where waterproofing membranes are essential. Its wide portfolio of roofing solutions highlights the company’s commitment to addressing one of the most critical applications of waterproofing membranes. GAF’s ability to scale solutions across commercial and residential projects supports its relevance in diverse markets.

Top Key Players in the Market

• 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
• Maris Polymers
• Isomat S.A.
• Bayer MaterialScience AG

Recent Developments

• In August 2025, BASF launched Acronal 1542 ECO, a new styrene-acrylic dispersion designed for elastic coatings and acrylic membranes. It is water-based, free of plasticizers and harmful additives, and suited for waterproofing roofs, facades, and walls.
• In May 2025, GAF introduced four new aerosol products to its EverGuard TPO accessory line, including a Quick Spray Adhesive, Seam Cleaner, and Primer, all aimed at simplifying and speeding up membrane installation.

Report Scope