Waterproofing Membranes Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Fully Bonded Membranes, Hand And Spray Applied Liquids, Internal Wet areas / showers (mainly hand applied)), By Application (Residential, Multi Residential, Commercial & Infrastructure), By Location / Area of Application (Below Ground, Above Ground) and Region Forecast 2020-2031

Waterproofing Membranes Market size was valued at US$ 30.5 billion in 2023 and is poised to grow at a significant CAGR of 7.1% from 2024-2030. Manufacturers increasingly obtain green certification for usage in sustainable construction projects such as green roofs and green buildings. Green roofs are any building's roof structures that are covered in vegetation, either entirely or partially. Green roofs reduce energy expenditures, reduce the urban heat island effect, and reduce stormwater runoff while also removing dangerous air pollutants.

The market is growing due to rising demand for residential and commercial spaces and increased investments in the construction of water conservation and wastewater treatment facilities. Focus on the development of hygiene powder coatings is anticipated to create lucrative opportunities for the market players in the market. Development of environmentally safe products and strategic collaborations & acquisitions provide lucrative opportunities for the market. Based on product, bitumen has a significant share of global market with a share of 43.7% in 2021 in the global market and projected to grow at 7.5% CAGR over 2023 to 2029 owing to temperature resistant and cost-efficient characteristics. Moreover, bitumen production is economical, and the melting point of bitumen is low.

Key Developments: 

• In January 2025, Polyglass USA launched the Tecnocoat traffic coating system. The spray-applied, fast-curing polyurethane waterproofing membrane is extremely flexible and abrasion-resistant and is ideally suited for parking decks, podiums, and exposed surfaces.
• In April 2024, Beacon announced the acquisition of Smalley & Company, a leading distributor of waterproofing and sealant products to western U.S. The acquisition strengthens Beacon's position in the commercial waterproofing business and supports its broader building materials distribution network.
• In May 2024, Saint-Gobain has agreed to acquire Fosroc, a global supplier of construction chemicals, for US$1.025 billion. The acquisition enhances the waterproofing and concrete solutions business of Saint-Gobain, especially in the Middle East, India, and Asia-Pacific.
• In May 2023, Sika finalized the MBCC Group acquisition. The €5.3 billion acquisition comprised a sound construction chemicals and waterproofing portfolio that expanded Sika's international footprint with over 95 production plants and operations in more than 60 countries.
• In April 2023, Kingspan purchased Ondura Group, a global supplier of waterproofing and roofing systems. Through the purchase, Kingspan enhanced its share in the sub-roofing and lightweight roofing sectors, growing its coverage of the European waterproofing market.
• In March 2021, Agilent Technologies Inc. announced it has entered into a definitive agreement to acquire Resolution Bioscience Inc., a leader in the development and commercialization of next-generation sequencing (NGS)-based precision oncology solutions. The acquisition complements and expands Agilent's capabilities in NGS-based cancer diagnostics and provides the company with innovative technology to further serve the needs of the fast-growing precision medicine market.
• In July 2021, Sika Expands Roofing and Waterproofing Offerings with Hydrotech Acquisition. With this acquisition, Sika reports that it will become the number-one supplier of green roofs in North America.