Europe Waterproofing Membrane Market, By Raw Material (Polymers, Bitumen, Polymer Modified Cement And Others), Type (Liquid Applied Membrane And Sheet-Based Membrane), Usage (Refurbishment And New Construction), End Users (Roofing And Walls, Building Structures, Waste And Water Management, Mining Application, Tunnel Liners, Bridges And Highways, And Others) - Industry Trends and Forecast to 2030.
Europe Waterproofing Membrane Market Analysis and Insights
Europe waterproofing membrane market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.4% in the forecast period of 2023 to 2030 and is expected to reach USD 36,207.28 million by 2030. The major factor driving the growth of the waterproofing membrane is the increased expenditure on infrastructure development and construction activities and the growing demand for waterproofing membranes from the waste and water management sector.
The Europe waterproofing membrane market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2019-2014)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Raw Material (Polymers, Bitumen, Polymer Modified Cement And Others), Type (Liquid Applied Membrane And Sheet-Based Membrane), Usage(Refurbishment And New Construction), End Users (Roofing And Walls, Building Structures, Waste And Water Management, Mining Application, Tunnel Liners, Bridges And Highways, And Others)
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Countries Covered
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Germany, United Kingdom, France, Italy, Spain, Russia, turkey, Belgium, Netherlands, Switzerland, Hungary, Rest of Europe
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Market Players Covered
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Thirumalai Chemicals Ltd, IG Petrochemicals Ltd, Indo Nippon Chemical Co., Ltd. Polynt S.p.A., Demon Chemicals Co. Ltd., Thirumalai Chemicals Ltd.
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Market Definition
The waterproofing membrane is a layer of water-tight material such as bitumen, polymer, and others applied on a surface to prevent water leaks or damage. Waterproofing membranes provide valuable protection against condensation and climatic conditions. Waterproofing helps secure a building, bridges, and highways from all kinds of water damage and prevents further repair work on the structure. Excessive water exposure can enlarge the foundation cracks and joints, leading to issues with leakage, deterioration, and spalling that would require repairs. Waterproofing can strengthen the structure and create a healthier environment by reducing maintenance costs. It can also increase property value.
Europe Waterproofing membrane market Dynamics
Drivers
- Increased expenditure on infrastructure development and construction activities
Infrastructure and building are the main commodities that sustain modern human civilization with rapid urbanization development and better personal economic development of people. With the more population of people moving into the cities, there is a greater demand for quality infrastructure and buildings. The increase in infrastructure expenditure includes the creation of huge demand for private and public sector infrastructure developments. The requirement for high-performance materials that are strong, durable and versatile, thus the demand for waterproofing membranes is increasing for infrastructure development.
- Growing demand for waterproofing membranes from the waste and water management sector
Rise in the utilization of waterproofing membranes in the waste and water management sector to provide protection from chemical attacks or abrasion damage caused by rapid water flow. Collection and treatment of wastewater are key to reducing pressures and risks to human health and the environment, especially rivers, lakes, and coastal water. As per data, 90% of urban wastewater is collected and treated in accordance with the EU Waste Water Treatment Directive. With the development and advancement of water management, there are huge potential and demand for waterproofing membrane products. With the demands in these fields, it acts as the driving factor for the waterproofing market to grow at a high rate in the upcoming forecast year.
- The application of waterproofing membranes reduces maintenance costs and increases property value
Most buildings experience a significant change in their life span; on average, buildings over 50 to 60 years old are no longer in running condition. Building parts like paints, doors, electrical, plumbing and roof need proper maintenance in the old building. Waterproofing helps in Protecting the walls from leakages, Preventing cracks on the surface of the concrete, Provides safety to the residents, Strengthens the building structure, Provides a shield against molds, mildew, and fungus, Reducing maintenance costs and clean-up, Increases the value of the property, Reducing water-absorption with the advantage of waterproofing technique demand in the maintenance of the assets and properties and in maintaining and increasing the value of the assets this will drive the waterproofing membrane market into the highest high in the next forecast periods.
Opportunities
- The growing interest in eco-friendly and new materials in waterproofing membranes
As new eco-friendly waterproofing materials have no or very less harm to human health and the environment as they are mostly non-toxic and contain no volatile organic compounds. The waterproofing company is investing in producing more eco-friendly, energy-efficient, high-quality, high-standard waterproofing solutions to enhance performance with low environmental impact and cost maintenance. Increasing demand for eco-friendly and the launching of new products of new advanced materials will attract more customers in the market. It will be an opportunity for the players involved in this industry to increase R&D for new products, grow their business, and increase their overall revenue in the coming forecast periods.
- Emphasis on water conservation and wastewater treatment from various governments
With the involvement of the government and interest in making and maintaining a sustainable environment and making our earth a greener place, wastewater treatment is one of the focuses to achieve this task. With funding and encouragement from the government and many other agencies in building up water treatment, plants and water management plants demand waterproofing membranes for waterproofing the infrastructure such as tanks and tunnels, and drainage will provide opportunities for the companies involved in the production and supply of this product in the next coming forecast periods.
Restraints/Challenges
- Potential health and environmental issues
The waterproofing membrane is made from materials like polymers, bitumen imbitions and tars, which are ecologically unsafe and cause insignificant environmental damage and significant health issues to the people. Waterproofing membrane products contain chemicals that can harm the soil and groundwater and potentially poison plants, animals, and people. Long exposure to this product may cause some health issues and symptoms like skin irritation, headaches, nausea, vomiting and dizziness. In severe cases, long exposure to these chemicals can lead to organ damage and even death.
- Deficiency in detailing and improper installation of waterproofing membranes
Some of the major problems due to improper installation of waterproofing membranes are Wrong product, incompatible waterproofing membrane, Application to uneven surfaces, wet surfaces, contaminated surfaces, and Blistering etc. are some of the improper installations that occur in the waterproofing membrane installation. This improper installation and Deficiency in detailing is creating a challenge for the waterproofing membrane in the market
- Fluctuations in raw material pricing
Raw materials are the backbones of any manufacturing unit, and depends of waterproofing membrane manufacturing companies in raw materials are also no exceptions. Companies are finding a hard time dealing with fluctuating costs of raw materials, and things get worst when followed by a decrease in sales price. However, a margin squeeze is inevitable. High fluctuation of the raw material cost will greatly endanger a company's success.
Recent Development
- In May, RENOLIT SE developed the new product RENOLIT ALKORSMART, which is now being marketed with the Smart3 campaign. This new product launch will enhance the company's product portfolio and create momentum and industry recognition for the company.
Europe Waterproofing Membrane Market Scope
Europe waterproofing membrane market is categorized based on raw material, types, usage and end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
By Raw Material
- Polymers
- Bitumen
- Polymer Modified Cement
- Others
Based on raw material, the Europe waterproofing market is classified into polymers, Bitumen, polymer-modified cement and others.
By Types
- Liquid Applied Membrane
- Sheet Based Membrane
Based on types, the Europe waterproofing membrane market is classified into Liquid applied membrane and sheet-based membrane.
By Usage
- Refurbishment
- New Construction
Based on usage, the Europe waterproofing membrane market is classified into refurbishment and new construction
By End-use
- Roofing And Wall
- Building Structure
- Waste And Water Management
- Mining Application
- Tunnels Liner
- Bridges And Highways
- Others
Europe Waterproofing Membrane Market Regional Analysis/Insights
The Europe waterproofing membrane market is segmented based on raw material, types, usage and end-user.
The countries in the Europe waterproofing membrane market are Germany, France, Italy, the U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the Rest of Europe.
Germany is expected to dominate the Europe waterproofing membrane market due to the high number of market players present in Germany and the increased usage of waterproofing membranes in various industrial processes by manufacturers.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point’s downstream and upstream value chain analysis, technical test and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of the Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing a forecast analysis of the country's data.
Competitive Landscape and Europe Waterproofing Membrane Market Share Analysis
Europe additive manufacturing competitive market landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to the Europe additive manufacturing market.
Some of the prominent participants operating in the Europe waterproofing membrane market are Spectrum Chemical, TCI America, Inc., Nishant Organics Pvt. Ltd., Agro Extracts Limited, and KLJ Group. Niche leaders are Maharashtra Aldehydes & Chemicals Ltd., Maas Pharma Chemicals, Loba Chemie Pvt. Ltd., PCIPL and West India Chemical.
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