Liquid Applied Membranes Market Report 2025

The liquid applied membranes market size has grown strongly in recent years. It will grow from $19.4 billion in 2024 to $20.68 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to infrastructure development, waterproofing requirements, increased construction activities, awareness of building envelope integrity, expansion of commercial and industrial sectors.

The liquid applied membranes market size is expected to see strong growth in the next few years. It will grow to $28.03 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to urbanization and population growth, focus on sustainable construction, advancements in materials science, retrofitting of aging structures, emerging markets and infrastructure investments. Major trends in the forecast period include sustainable and eco-friendly solutions, polyurethane technology, innovation in application techniques, integration with green roofs and living walls, digitalization in membrane solutions.

The growth in construction activities within the residential and commercial sectors is propelling the liquid-applied membrane market in the future. Residential construction involves the development of homes or living spaces for individuals, while commercial construction pertains to building structures intended for business purposes. Liquid-applied membranes are effective for waterproofing and are utilized in construction processes to enhance and reinforce various systems. For example, in November 2023, the Office for National Statistics, a UK-based authority, reported that total new work in the construction industry rose by $19.78 billion in 2022, reflecting growth in both private and public sectors, which increased by 16.8% and 13.1%, respectively, compared to 2021. Additionally, in March 2023, the United States Census Bureau, a principal federal statistical agency, revealed that the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted annual basis, marking a 13.8% increase from the January rate, which was revised to 1,339,000. Consequently, the surge in construction activities in both residential and commercial sectors is driving the liquid-applied membrane market forward.

The growing emphasis on energy efficiency is anticipated to drive the expansion of the liquid-applied membrane market. Energy efficiency entails the effective utilization of energy resources to attain desired outcomes with minimal waste. Liquid-applied membranes play a crucial role in achieving energy efficiency by providing effective insulation, waterproofing, and durability. This contributes to the creation of energy-efficient buildings, resulting in long-term environmental and cost benefits. Notably, the European Union's target of achieving at least a 32.5% increase in energy efficiency by 2030, as reported by Eurostat in December 2022, underscores the market's trajectory towards greater energy efficiency.

Leading firms in the liquid applied membranes sector are concentrating on the creation of innovative waterproofing solutions aimed at improving the durability and energy efficiency of buildings. These advanced waterproofing solutions encompass novel methods and materials engineered to establish effective barriers against water intrusion, providing enduring protection for structures across diverse environments. For example, in July 2023, Mapei, an Italian company specializing in adhesives, sealants, and chemical products for construction, launched polylastic water-based bitumen. This product is a liquid-applied membrane that integrates the characteristics of bitumen with state-of-the-art polymer technology, resulting in a flexible and resilient waterproofing option. It is designed for straightforward application on multiple surfaces, offering superior adhesion and resistance to water penetration while being environmentally friendly due to its water-based composition. This cutting-edge product is especially effective in safeguarding roofs, foundations, and other structures from moisture-related damage, ensuring durability and reliability over time.

Major companies are strategically focusing on products such as the seal & block line, designed for repair, preservation, and sealing of buildings. This line of high-performance materials, launched by a France-based company in March 2023, prioritizes robust adhesive qualities, durability, and suitability for various surfaces. The seal & block products cater to a range of waterproofing needs, including roofs and basements, showcasing the commitment to delivering sustainable and innovative solutions in the liquid-applied membrane market.

In September 2022, Saint-Gobain Corporation, a France-based construction materials manufacturer, acquired GCP Applied Technologies for approximately $2.3 billion. This acquisition expands Saint-Gobain’s presence in the admixtures and additives sector, providing access to GCP Applied Technologies' expertise in liquid-applied membranes and other specialty construction chemicals. The move is expected to enhance Saint-Gobain’s customer base and geographical reach in the market.

Major companies operating in the liquid applied membranes market include Dow Inc., Fosroc International Limited, GAF Materials Corporation, Kemper System Inc., Mapei S.p.A., Pidilite Industries Limited, Sika AG, CICO Technologies Limited, BASF SE, SOPREMA S.A.S., Saint-Gobain Corporation, H.B. Fuller Construction Products Inc., Johns Manville Corporation, Henkel Polybit LLC, ISOMAT S.A., MBCC Group, GCP Applied Technologies Inc., Carlisle Companies Inc., Firestone Building Products, Mule-Hide Products Co. Inc., Tremco Incorporated, Garland Industries Inc., Polyglass Inc., IKO Industries Ltd., Derbigum Americas Inc., Karnak Corporation, Polycoat Products, Western Colloid Roofing Systems, American Hydrotech Inc., Henry Bakor Inc.

Asia-Pacific was the largest region in the liquid applied membrane market in 2024. North America is expected to be the fastest-growing region in the global liquid applied membranes market during the forecast period. The regions covered in the liquid applied membranes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the liquid applied membranes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A liquid-applied membrane (LAM) is a fluid or semi-fluid material applied in a continuous layer for various roofing applications, including new roofs, replacement roofs, and roof re-cover systems. This application is carried out using methods such as spraying, rolling, or brushing. Liquid-applied membranes are commonly used as waterproofing materials for building surfaces.

The main types of liquid-applied membranes include polyurethane, cementitious, bituminous, and others. Polyurethane membranes, for example, are a type of waterproofing system consisting of a two-component system with a base material and a curing agent. These membranes find applications in roofing, walls, underground structures, tunnels, and other areas. They are utilized in various construction contexts, including residential construction, commercial construction, and public infrastructure.

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The liquid-applied membrane market consists of sales of polymethylmethacrylate (PMMA), polyurethane, and silicone liquid-applied membranes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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