Below Grade Waterproofing Membrane Market

By Membrane Type;

Sheet-Based and Liquid-Coated

By Material Type;

Polymers, Bitumen, Bentonite, Rubberized Asphalt, and Others

By Application;

Fluid-applied, Fully Bonded, Self-Adhered, and Loose-Laid

By End-Use;

Commercial, Public Infrastructure, and Residential

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn109683855 Published Date: August, 2025 Updated Date: September, 2025

Below Grade Waterproofing Membrane Market Overview

Below Grade Waterproofing Membrane Market (USD Million)

Below Grade Waterproofing Membrane Market was valued at USD 2,055.94 million in the year 2024. The size of this market is expected to increase to USD 3,050.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.


Below Grade Waterproofing Membrane Market

*Market size in USD million

CAGR 5.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.8 %
Market Size (2024)USD 2,055.94 Million
Market Size (2031)USD 3,050.78 Million
Market ConcentrationMedium
Report Pages389
2,055.94
2024
3,050.78
2031

Major Players

  • BASF SE
  • Sika AG
  • GCP Applied Technologies Inc.
  • Carlisle Companies Incorporated
  • Dow Inc.
  • RPM International Inc.
  • MAPEI Corporation
  • Fosroc International Limited
  • Johns Manville Corporation
  • Tremco Incorporated

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Below Grade Waterproofing Membrane Market

Fragmented - Highly competitive market without dominant players


The Below Grade Waterproofing Membrane Market is witnessing strong momentum as construction projects increasingly focus on durability and structural safety. Nearly 45% of infrastructure developments now integrate below grade waterproofing membranes to prevent moisture intrusion and extend building lifespan. This adoption highlights the shift toward sustainable and resilient construction practices.

Growing Demand from Construction Sector
Rising urbanization and new building activities drive market expansion, with almost 50% of projects requiring advanced waterproofing systems to withstand soil pressure and groundwater. These membranes act as vital barriers, reducing risks of seepage while lowering long-term maintenance costs, making them essential in modern construction frameworks.

Technological Advancements Enhancing Performance
Innovation is reshaping the market as nearly 40% of manufacturers adopt polymer-modified bitumen and synthetic membranes for superior adhesion and flexibility. These materials ensure long-lasting protection, adapt to complex building designs, and improve installation efficiency, resulting in reliable solutions for diverse construction needs.

Shift Towards Sustainable Materials
Growing environmental concerns have influenced almost 35% of the industry to adopt eco-friendly waterproofing solutions. Recyclable membranes and low-VOC products are gaining prominence, aligning with green building regulations. This sustainability-driven transition highlights the market’s role in promoting eco-conscious construction practices worldwide.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Membrane Type
    2. Market Snapshot, By Material Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Below Grade Waterproofing Membrane Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Awareness of Benefits
        2. Technological Advancements
        3. Investments in Infrastructure Rehabilitation
      2. Restraints
        1. High Initial Cost
        2. Complex Installation Process
        3. Limited Awareness and Education
      3. Opportunities
        1. Increasing Focus on Sustainability
        2. Expansion of Distribution Networks
        3. Urbanization and Infrastructure Rehabilitation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Below Grade Waterproofing Membrane Market, By Membrane Type, 2021 - 2031 (USD Million)
      1. Sheet-Based
      2. Liquid-Coated
    2. Below Grade Waterproofing Membrane Market, By Material Type, 2021 - 2031 (USD Million)
      1. Polymers
      2. Bitumen
      3. Bentonite
      4. Rubberized Asphalt
      5. Others
    3. Below Grade Waterproofing Membrane Market, By Application, 2021 - 2031 (USD Million)
      1. Fluid-applied
      2. Fully Bonded
      3. Self-Adhered
      4. Loose-Laid
    4. Below Grade Waterproofing Membrane Market, By End-Use, 2021 - 2031 (USD Million)
      1. Commercial
      2. Public Infrastructure
      3. Residential
    5. Below Grade Waterproofing Membrane Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Sika AG
      3. GCP Applied Technologies Inc.
      4. Carlisle Companies Incorporated
      5. Dow Inc.
      6. RPM International Inc.
      7. MAPEI Corporation
      8. Fosroc International Limited
      9. Johns Manville Corporation
      10. Tremco Incorporated
  7. Analyst Views
  8. Future Outlook of the Market