Sika AG (Switzerland) and MAPEI S.p.A. (Italy) are Leading players in the Liquid-Applied Membrane Market
The liquid-applied membrane market is projected to reach USD 32.1 billion by 2029, at a CAGR of 5.9% from USD 24.1 billion in 2024. The growth of the global liquid-applied membrane market in waterproofing is driven by increasing construction activities across commercial, industrial, and residential sectors. The demand for liquid-applied membranes for waterproofing and environmental protection is being propelled by ongoing infrastructure development projects, particularly in emerging economies. Government investments in infrastructure projects such as utilities, transportation, and public facilities are opening up opportunities for the expansion of the liquid-applied membrane market.
The key global players in the liquid-applied membrane market are Sika AG (Switzerland), MAPEI S.p.A. (Italy), SOPREMA (France), Fosroc, Inc. (UAE), Saint-Gobain Weber (France), H.B. Fuller (US), Wacker Chemie AG (Germany), Bostik (France), GCP Applied Technologies Inc (US), and Ardex (Germany) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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Sika AG
Sika AG develops and manufactures specialty chemicals for construction and industrial applications. The products offered by the company are used for bonding, sealing, damping, protecting, and reinforcing in the automobile and construction industry. Sika operates through the construction industry and industrial manufacturing segments. The company provides liquid-applied membranes (LAMs) under the construction industry business segment. LAMs are used for waterproofing basements and concrete structures, tunnels, bridge decks, drinking & clean water storage, wet rooms, balconies, pond pools, and tank lining. Sika AG holds a leading position in the development and production of LAMs. It has acquired United Gilsonite Laboratories (UGL) in the US, renowned for its consumer waterproofing products. UGL's portfolio, distributed through major retailers, complements Sika's systems for concrete waterproofing.
MAPEI S.p.A.
MAPEI S.p.A. produces adhesives, sealants, and chemical products for the building industry. It offers products for a wide range of applications, such as ceramics & stone materials, cleaning & protecting surfaces, textile materials, flooring, wall coatings, thermal insulation, acoustic insulation, admixtures for concrete, architectural stone paving, cement additives, waterproofing, and marine industry. The company leads the industry by providing cutting-edge, premium products and solutions globally while minimizing the environmental impact. Recently, in 2024, MAPEI S.p.A. acquired Bitumat to strengthen its presence in the Middle Eastern liquid-applied membrane market.
Related Reports:
Liquid-Applied Membrane Market by Type (Elastomeric, Bituminous, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), Usage, End-Use Industry (Residential Construction, Commercial Construction), and Region - Global Forecast to 2029
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