Liquid Applied Membrane Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034

Liquid applied membrane is a type of waterproofing material that is in liquid form and is be applied and forms a flexible membrane layer when it is cured. This membrane is widely utilized in construction and infrastructural development to shield surfaces, including roofs, walls, and foundational structures, against water seepage and resultant deterioration. Some common forms of liquid applied membranes include PMMA membranes, polyurethane, acrylic, bituminous membranes, and cementitious membranes; each of them has its merits. Liquid applied membranes are easy to apply, compatible with various substrates and have excellent waterproofing qualities which make them suitable to be used in new construction and retrofit applications.

Further, liquid applied membranes are known to have good compatibility which can be used in concrete, metal, wood, and insulating materials to offer long-term waterproofing services. The liquid applied membrane market is experiencing significant growth attributed to the increasing demand for waterproofing solutions across various end-use industries. The market is driven by factors such as rapid urbanization, infrastructure development, and the growing construction industry worldwide. Additionally, the rise in renovation and remodeling activities in residential and commercial sectors further fuels the demand for liquid applied membranes.

The liquid applied membrane market is anticipated to reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X% during the forecast period.

The increasing adoption of polyurethane membranes in roofing and waterproofing applications is expected to drive market growth in the upcoming years. Moreover, the liquid applied membrane market is witnessing significant technological advancements, leading to the development of innovative products with enhanced performance characteristics. Advancements such as self-healing membranes, and improved durability, is expected to further boost the liquid applied membrane market during the forecast period 2024-2034.

Growth Drivers:

With an increased population density in the urban areas; there is a great demand for residential, commercial, and public structures. Growth of population and subsequent development of infrastructure makes construction products like liquid applied membrane essential products in the market. Most governments around the globe have embarked on huge infrastructure developments including construction of bridges, tunnels, highways among others. Such projects need to have quality waterproofing to increase the projects’ durability and longevity.

Various governments and regulating authorities across the globe are adopting strict safety standards for construction of buildings wherein use of proper waterproofing solutions for not allowing water seepage and subsequently causing harm to the structure has become mandatory. This is because the energy efficient building standards typically specify high performance of the waterproofing systems leading to the use of improved liquid applied membranes.

Consumer awareness about the necessity of waterproofing and the benefits it offers in terms of protection from water damage as well as an extended lifespan of buildings fuels the consumption of liquid applied membranes. Buyers are spending more on waterproofing products to guard their homes from water intrusions, mold, and mildew, which adds to market expansion. The tangibility of assets in the commercial and public infrastructure sector necessitates long-lasting waterproofing, normally to safeguard assets and ensure business continuity, which in turn props up market demand.

Current advancements and innovations have produced improved properties in liquid applied membranes including flexibility, adhesion, UV and chemical resistance among others. Spray-applied membranes signify certain advancements in the application methods which lower the installation time and cost of labor hence making these solutions appealing to contractors and builders.

Liquid Applied Membrane Segmentation:

By Type:

·         Elastomeric Membranes

o   Polyurethane Waterproofing Membranes

o   Polymethyl Methacrylate (PMMA) Membranes

o   Acrylic Membranes

·         Bituminous Membranes

o   Water-Based

o   Solvent-Based

·         Cementitious Membranes

o   One-Component (1K)

o   Two-Component (2K)

By Usage:

·         New Construction

·         Refurbishment

By Application:

·         Walls

·         Roofing

·         Building Structures

·         Roadways

·         Others

By End-Use Industry:

·         Residential Construction

·         Commercial Construction

·         Public Infrastructure

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa 

Liquid Applied Membrane Market by Type Review:

Based on the type, the liquid applied membrane market is segmented into three segments including elastomeric membranes, which is further sub-segmented into polyurethane waterproofing membranes, polymethyl methacrylate (PMMA) membranes, and acrylic membranes, bituminous membranes, which is further sub-segmented into water-based, and solvent-based, and cementitious membranes, which is further sub-segmented into one-component (1K), and two-component (2K). On the basis of type, the elastomeric membranes segment is expected to dominate the market in terms of market share, while the segment is also predicted to grow at the highest rate in terms of CAGR during the forecast period. The increasing demand for durable and flexible waterproofing solutions, coupled with advancements in polymer technology and application techniques, is driving the growth of elastomeric membranes in the market.

Liquid Applied Membrane Market by Usage Review:

Based on the usage, the market is segmented into new construction, and refurbishment. On the basis of usage, the XXXX segment is expected to be the largest in terms of market share, while the XXXX segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Liquid Applied Membrane Market by Application Review:

Based on the application, the market is segmented into walls, roofing, building structures, roadways, and others. On the basis of application, the roofing segment is expected to be the largest in terms of market share, while the walls segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Liquid Applied Membrane Market by End-Use Industry Review:

Based on the end-use industry, the market is segmented into residential construction, commercial construction, and public infrastructure. On the basis of end-use industry, the residential construction segment is expected to be the largest in terms of market share, while the commercial construction segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.

Regional Outlook:

The liquid applied membrane market research report offers detailed analysis and forecasts for five major regions i.e., North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.

The Asia Pacific region is forecasted to dominate the global Liquid Applied Membrane market followed by North America, Europe, Latin America, and Middle East & Africa during the forecast period 2023-2030.

The Asia Pacific region is forecasted to maintain its dominant position in the global liquid applied membrane market, accounting for a projected market share of XX.X% in 2023. The regional liquid applied membrane market is mainly driven rapid urbanization, industrialization, and infrastructure development projects in countries like China, India, and Southeast Asian nations. Increasing construction activities, coupled with stringent regulations mandating the use of waterproofing solutions, contribute to the growing demand for liquid applied membranes in the region. Moreover, key players are focusing on expanding their presence in emerging markets and establishing strategic partnerships with local distributors to capitalize on growth opportunities in the region, which is predicted to further drive the liquid applied membrane market in the region during the forecast period 2024-2034.

Countries like China, India, Japan, South Korea, and Southeast Asian nations are at the forefront of this market, driving demand through extensive construction activities and government initiatives aimed at enhancing infrastructure.

The burgeoning population in Asia Pacific regions is a primary driver of urbanization, leading to increased demand for housing and commercial spaces. For instance, according to the United Nations, China (1.4 billion) and India (1.4 billion) remain the two most populous countries of the world, both with more than 1 billion people, each representing nearly 18 percent of the world’s population, respectively. The rapid industrialization and economic growth in countries like China and India fuel construction activities, boosting the demand for liquid applied membranes in various infrastructure projects.

Moreover, governments across Asia Pacific are investing heavily in infrastructure development to support economic growth, which is expected to further drive the market growth in the region during the forecast period 2024-2034.

North America holds a prominent share in the global liquid applied membranes market, primarily driven by robust construction activity, stringent building codes, and a focus on sustainable building practices. The region encompasses mature markets such as the United States and Canada, where high infrastructure spending and renovation projects contribute to market growth. Urbanization trends and the need for infrastructure upgrades drive the demand for liquid applied membranes in roofing, waterproofing, and infrastructure projects. Moreover, ongoing research and development initiatives lead to the introduction of innovative products with enhanced performance and sustainability features, which is expected to further drive the market growth in the region during the forecast period 2024-2034.

Key Companies in Liquid Applied Membrane Market:

The research report offers a competitive analysis of prominent companies operating in the liquid applied membrane market. Some of the leading players profiled in the market research report include:

·         Sika AG

·         SOPREMA

·         MAPEI S.p.A

·         Fosroc, Inc. 

·         Saint-Gobain Weber

·         H.B. Fuller Company

·         Wacker Chemie AG

·         Johns Manville

·         Bostik

·         GCP

·         Ardex Endura

·         Other Players