SHEET MEMBRANES MARKET SIZE & SHARE BY APPLICATION TYPE (ROOFING, CAR PARK, FOUNDATION & BELOW GRADE, WCS, AND OTHERS), BY PRODUCT TYPE (PVC, TPO, BITUMEN, HDPE, AND EPDM), BY CONSTRUCTION TYPE (NEW INSTALLATION & RENNOVATION), BY END USE (RESIDENTIAL, COMMERCIAL, INFRA.), BY INSTALLATION (TORCH APPLIED, COLD APPLIED, SELF-ADHESIVE, HOT MOPPED, OTHERS) AND BY REGION & COUNTRY–FORECAST TO 2032
| Report Code: C&M3002-1102 | Number of Pages: 400 | Report Format: PDF, EXCEL, PPT |
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Trend Year: 2022 – 2024 |
Forecast Period: 2025 – 2032 |
Publish Date: JULY 2025 |
Market Overview: The global sheet membranes market was estimated at US $20 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2032 to reach US $28.5 billion by 2032. This growth is attributed to the ongoing urbanization trends, increasing adoption of sustainable waterproofing technologies, growing demand for energy efficient buildings, cost effective waterproofing solutions that offer improved durability and environmental resistance, coupled with sustained construction activity in key regions and countries, globally are the key drivers.
MARKET DYNAMIC
GROWTH DRIVERS:
- Growing Construction Activity
- Rapid Urbanization
- Increasing Renovation Activity
- Growth Driver 3
- Growth Driver 4
- Growth Driver 5
NEW GROWTH OPPORTUNITIES:
- Sustainable Waterproofing Technologies – Membranes with Recycled Content, Bio-Based Polymers, and Other Eco-Friendly Products
- Increasing Demand for Energy Efficient Buildings
- Opportunity 3
- Opportunity 4
- Opportunity 5
- Opportunity 6
MARKET RESTRAINTS:
- Skilled Labor Shortage
- Growing Preference for Liquid Applied Membrane over Traditional Sheet Membrane
- Market Restraint 3
GROWTH HURDLES:
- Recessions or downturns could reduce construction activity, globally and thus the demand for liquid applied membranes
- Trade tensions, tariffs, and geopolitical instability may impact global supply chains, demand, production costs, and profitability.
Application Type: Market Insights
Roofing dominates the sheet membranes market, accounted for more than 50% share of the market. Roofs play a critical role in protecting buildings from harsh weather conditions and water intrusion. This essential function—coupled with the vast number of rooftops worldwide and their constant exposure to environmental stress—drives steady, long-term demand for sheet membrane waterproofing solutions.
Although roofing applications currently lead the waterproofing market, the foundation and below-grade segment is poised for the fastest growth. These areas are particularly vulnerable, as water infiltration can severely compromise the structural integrity of foundations and below-grade walls, making advanced waterproofing systems increasingly vital in both new construction and renovation projects.
Product Type: Market Insights
Bitumen membranes dominated the sheet waterproofing market in 2024, accounting for more than 40% share of total market value. Their strong market position is driven by a combination of cost-effectiveness, a proven track record of durability, and broad availability, making them a preferred solution across a wide range of commercial, residential, and infrastructure waterproofing applications.
End-Use: Market Insights
In 2024, the commercial sector emerged as the leading end-use segment in the sheet waterproofing market, representing >40% of total market share, followed closely by the residential segment, and the industrial sector.
The dominance of the commercial segment is largely attributed to the scale and complexity of projects such as office buildings, retail centres, and hospitality facilities, which typically require extensive waterproofing systems, particularly sheet membranes, to ensure long-term protection across large surface areas.
Construction Type: Market Insights
New construction is expected to remain the dominant segment in the sheet waterproofing market from 2025 to 2032, accounting for over 50% of total market share in both value and volume.
Waterproofing is a critical component of new builds, typically integrated during the design and planning phase to ensure long-term structural integrity. The growing preference for sheet membrane systems in modern construction is driven by their high performance, ease of installation, and compatibility with diverse building materials, making them a preferred choice in contemporary building practices.
Installation Type: Market Insights
By installation method, torch-applied systems led the sheet membrane market in 2024, capturing one third of total market value, followed by mechanical fixing, and self-adhesive methods.
Torch application remains the most widely used technique, particularly for bitumen membrane installations, due to its strong adhesion and proven performance. In contrast, mechanical fastening and self-adhesive technologies are more commonly associated with PVC and TPO membranes, offering flexibility, reduced labour intensity, and safer, flame-free alternatives for specific project requirements.
Regional: Market Insights
The global construction industry and the players within are optimistic about 2025 due to a combination of factors such as widespread government infrastructure initiatives, the ongoing renewable energy revolution, increased capital investment in strategically important industries, and the resumption of post-COVID pipeline projects—presents significant opportunities for industry stakeholders.
However, geopolitical tensions, particularly the war in Ukraine, India Pakistan, introduction of US Trade Tariffs, have introduced considerable uncertainty, complicating the industry’s path to sustainable growth. Despite these challenges, the sector has shown resilience, navigating through headwinds with a focus on long-term recovery.
Looking ahead, a gradual recovery is anticipated starting in 2025, driven by the rebounding housing market and an increase in building permits for new homes. This positive shift is expected to have a favourable impact on the sheet membrane market, as growing demand for construction materials aligns with expanding infrastructure projects and residential development.
Asia-Pacific dominates the global sheet membrane market, accounting for more than 50% share by both value and volume wise market. This leadership is fuelled by rapid urbanization, robust infrastructure development, and stringent government waterproofing regulations across key countries like China, India, Japan, Thailand, Vietnam, and Indonesia. The region’s accelerating shift toward sustainable and high-performance waterproofing solutions further reinforces its commanding position in the industry.
North America is experiencing the most rapid growth in the waterproofing market. This surge is driven by increasing demand for energy-efficient roofing, stringent building regulations, and investments in renovation projects. Notably, the adoption of acrylic and polyurethane-based waterproofing solutions is on the rise, particularly in the U.S. and Canada, where durability and sustainability are major considerations.
Competition: Sheet Membrane Market
The global sheet membrane market is moderately fragmented with top five players, such as Oriental Yuhong, Sika AG, Carlisle Companies, Standard Industries (BMI Group and GAF Material Corporation), and Soprema Group collectively accounted for 30% to 35% share, followed by more than 200 players participating in the regional and domestic markets.
Mature markets—including North America, Europe, and China—are characterized by intense competition, with well-established companies continually battling for market share. In contrast, emerging regions such as Asia-Pacific (excluding China), the Middle East, and Latin America present robust growth potential, drawing in new players and heightening competitive dynamics.
Innovation remains a key differentiator, especially in the development of sustainable and high-performance materials. Industry leaders are prioritizing investments in eco-conscious technologies—such as recyclable and VOC-free membranes—to meet the rising demand from environmentally aware consumers.
In markets like Asia-Pacific, price sensitivity is a critical factor. To remain competitive and profitable, companies must strategically balance cost efficiency with product quality and innovation.
Carlisle Companies Inc. is a leading manufacturer of high-performance building products and waterproofing solutions, operating through two core business segments: Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT). The company maintains a strong market presence in North America, where it is recognized as a trusted provider of roofing systems for commercial buildings.
Through its CCM segment, Carlisle delivers single-ply roofing systems and related building envelope products for both commercial and residential applications. A strategic emphasis is placed on sheet membrane waterproofing, offering a comprehensive portfolio engineered for durability, high performance, and ease of installation.
Carlisle Construction Materials experienced notable revenue growth during the first nine months of 2024, driven primarily by a rebound in the non-residential construction sector. This growth was supported by inventory normalization and a significant increase in re-roofing activity, responding to previously pent-up market demand.
The company serves a diverse customer base, including contractors, architects, engineers, and building owners, reinforcing its position as a key partner across the building and construction value chain.
Oriental Yuhong is a global leader in waterproofing systems and building materials, with a diversified presence across the residential, commercial, and infrastructure construction sectors. Leveraging a comprehensive product portfolio and strong R&D capabilities, the company has earned a reputation as a trusted brand in over 100 countries.
Approximately 80% of Oriental Yuhong’s revenue is derived from its waterproofing materials business, highlighting its deep expertise and market leadership in this core segment.
As part of its international expansion strategy, Oriental Yuhong is establishing an integrated production, R&D, and logistics hub in Prairie View, Texas. Phase I, expected to be completed in 2025, will manufacture TPO waterproof membranes and include a North American R&D center, creating approximately 100 local jobs. This investment further reinforces the company’s commitment to the North American market.
In 2023, Oriental Yuhong entered a strategic collaboration with BASF to co-develop solar roofing membranes in response to the growing demand for rooftop solar solutions in China. The integration of BASF’s Tinuvin® and Chimassorb® stabilizers enhances the UV and thermal resistance of TPO membranes, significantly improving product durability, lifespan, and maintenance efficiency.
Oriental Yuhong’s sheet membrane solutions are engineered for critical waterproofing applications, including tunnels, underground structures, basements, reservoirs, and green roofs, providing reliable protection against water ingress in complex environments.
SHEET MEMBRANES MARKET SNAPSHOT | |
Market size in 2025 | USD 21 Billion |
Market forecast in 2032 | USD 28 Billion |
Compound Annual Growth Rate (2025-2032) | 4.5% |
Historical Data (Years) | 2022-2024 |
Forecast Data (Years) | 2025-2032 |
Region Dominance (Regional Share %) | Asia Pacific: >50% Share |
Country Dominance (Share %) | China: >30% Share |
Growth Driver | Growing Construction Activity and Rapid Urbanization |
Segments Covered | Application Type, Product Type, Construction Type, End Use Type, Installation Type, Product Grade Type, and by Region & Countries |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East & Africa |
Countries Covered | US, Canada, Mexico, The UK, Germany, Italy, France, Spain, Poland, Russia, Rest of the Europe, China, Thailand, Vietnam, Indonesia, India, Japan, South Korea, Australia, and Rest of APAC, UAE, South Africa, Brazil, Argentina, Saudi Arabia, Turkey, UAE, and Rest of the World |
Companies Profiled (30+) | Oriental Yuhong, Keshun Waterproof Technology, Sika AG, Soprema Group, BMI Group: Standard Industries, Fosroc: Saint Gobain, Mapei, Carlisle Companies, Firestone Building Products: Holcim, GAF Materials: Standard Industries, IKO Industries, Johns Manville, Bautech, Curacreta, IMPAC: Saint-Gobain Protexa,Vedacit, Viapol: RPM International, Saudi Bitumen Industries (SABIT), Alchimica, Awazel, Izomaks, Fatra, and Others |
