The global waterproofing membrane is likely to foresee commendable growth by 2027 owing to escalating product adoption across numerous end-use segments such as building structures, roofing, walls, and landfills & tunnels among others. Waterproofing membrane is basically a very thin layer of water-tight coating which is placed over a surface. This layer is constant, not allowing water to go through it.

For instance, on a flat terrace, these waterproofing membranes could be placed below the finish tiles and above the structural slab. This is likely to ensure that rain water does not permeate into the structural slab.

These membranes mostly comprise of pre-formed or liquid applied sheet membranes. Whether it is to protect the roof or the basement of a building, waterproofing aids in stopping water from infiltrating the foundation, effectively protecting the structure from water damage.

The global waterproofing membrane market is segmented in terms of product, application, end-use, and regional landscape.

With respect to product, the global waterproofing membrane market is classified into polymer modified cement, bitumen, polymers, and others. In 2020, the polymer modified cement segment accounted for a valuation of more than $685 million and will continue to dominate the industry share in the upcoming years.

The other waterproofing membranes segment are likely to witness a decent CAGR of over 5% through the forecast time.

In terms of end-use, the overall market for waterproofing membrane is categorized into landfills & tunnels, building structures, walls, roofing, and others. The walls end use segment of waterproofing membrane is anticipated to showcase a CAGR of over 6% through the forecast period. Waterproofing a retaining wall is a proactive way to lessen repair work in the near future. Retaining walls are frequently added in commercial properties to make the most of usable space.

Meanwhile retaining walls keep off soil when there is a sharp change of elevation, there is always a chance of a shift or crack owing to damp, effective drainage is thus required to equalize the pressure behind the wall. In addition, to prevent water build-up, waterproofing membranes utilized for retaining walls make sure that there are no entry points for water to get in further protecting from corrosion or dampness.

From a regional frame of reference, in 2020, the LATAM waterproofing membrane market was estimated to be worth over $1.2 billion and is anticipated to register similar growth patterns by the end of analysis timeline.

Meanwhile, the Middle East waterproofing membrane market is estimated to grow by to a valuation of $460 million by the end of 2027.