Bitumen Waterproofing Materials Market Report 2025

The bitumen waterproofing materials market size has grown strongly in recent years. It will grow from $46.23 billion in 2024 to $48.8 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth during the historic period can be attributed to the increasing adoption of bitumen membranes in industrial roofing, rising government expenditure on public infrastructure, growing waterproofing needs for transportation infrastructure, expanded use of bitumen in tunnels and subways, and rising demand for cost-effective waterproofing solutions in developing regions.

The bitumen waterproofing materials market size is expected to see steady growth in the next few years. It will grow to $59.72 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The forecast period’s growth is driven by increasing demand for sustainable waterproofing solutions, growing investments in smart city infrastructure, greater adoption of energy-efficient construction practices, heightened focus on green building certifications, and expanding construction activities in flood-prone areas. Key trends anticipated in the forecast period include advancements in polymer-modified bitumen membranes, development of eco-friendly bitumen products, innovations in self-adhesive waterproofing technologies, improvements in cold-applied waterproofing systems, and the creation of multilayer membrane solutions.

The increase in building projects is expected to drive the growth of the bitumen waterproofing materials market in the coming years. Building projects involve planned construction activities where structures such as homes, offices, or facilities are designed and constructed for residential, commercial, or public purposes. The rise in building projects is attributed to the growing urban population, as the influx of people into cities creates a higher demand for housing and infrastructure to support expanding communities. Bitumen waterproofing materials facilitate this growth by providing durable, weather-resistant protection, making them ideal for use in foundations, roofs, and basements. They enhance the longevity of constructions by preventing water damage and improving structural strength and efficiency. For example, in May 2025, the U.S. Census Bureau reported that privately owned housing completions reached 1,526,000, up from 1,514,000 in May 2024. Therefore, the increase in building projects is fueling the growth of the bitumen waterproofing materials market.

Key players in the bitumen waterproofing materials market are focusing on innovative solutions, such as water-based elastomeric bitumen membranes, to boost environmental sustainability, improve application efficiency, and lower volatile organic compound (VOC) emissions. Water-based elastomeric bitumen membranes are flexible, eco-friendly waterproofing materials created by dispersing elastomer-modified bitumen in water, offering strong adhesion and resistance to water, UV radiation, and temperature changes. For instance, in July 2023, Mapei SpA, an Italy-based chemical company, launched Polylastic, a water-based elastomeric bitumen membrane designed as a ready-to-use waterproofing coating suitable for various substrates. It can be easily applied with a brush, roller, or trowel and adheres effectively even to damp surfaces, making it ideal for fast-track applications in all weather conditions. Available in six colors, it provides reliable waterproofing protection along with aesthetic versatility, supporting efficient, adaptable, and visually appealing solutions for construction and renovation projects.

In February 2025, Compagnie de Saint-Gobain S.A., a France-based manufacturing firm, acquired Fosroc International Limited for an undisclosed amount. Through this acquisition, Saint-Gobain aims to strengthen its global leadership in construction chemicals by expanding its presence in Asia and emerging markets, broadening its product range, and promoting sustainable growth. Fosroc International Limited is a UK-based construction chemicals company specializing in concrete and bitumen waterproofing solutions.

Major players in the bitumen waterproofing materials market are Compagnie de Saint-Gobain S.A., Henkel AG & Co. KGaA, Sika AG, Mapei S.p.A., Johns Manville Corporation, Soprema Group, CertainTeed Corporation, Braas Monier Building Group S.A., Tremco Incorporated, Pidilite Industries Limited, GAF Materials Corporation, GCP Applied Technologies Inc., IKO Industries Ltd., TAMKO Building Products LLC, Henry Company LLC, Carlisle Companies Incorporated, Paul Bauder GmbH & Co. KG, Chryso Group S.A.S., Bauder Ltd., Isoltema Group S.r.l., General Membrane S.p.A., Kemper System America Inc.

Asia-Pacific was the largest region in the bitumen waterproofing materials market in 2024. The regions covered in bitumen waterproofing materials report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bitumen waterproofing materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Bitumen waterproofing materials are protective coatings made from bitumen, a thick, sticky, and waterproof substance derived from crude oil. These materials are widely used in construction to prevent water infiltration in roofs, basements, and foundations. Bitumen waterproofing materials form a durable, moisture-resistant barrier that safeguards structures against water damage and corrosion.

The main types of bitumen waterproofing materials include styrene-butadiene-styrene-modified bitumen, atactic polypropylene-modified bitumen, and oxidized bitumen. Styrene-butadiene-styrene-modified bitumen is conventional bitumen enhanced with the flexible synthetic rubber polymer styrene-butadiene-styrene, providing superior elasticity, temperature resistance, and self-healing properties under stress. These products are distributed through direct sales, distributors, and online platforms for use in roofing, walls, building structures, roadways, and more. They serve a wide range of end users, including residential, commercial, industrial, and infrastructure sectors.

The bitumen waterproofing materials market research report is one of a series of new reports that provides bitumen waterproofing materials market statistics, including bitumen waterproofing materials industry global market size, regional shares, competitors with a bitumen waterproofing materials market share, detailed bitumen waterproofing materials market segments, market trends and opportunities, and any further data you may need to thrive in the bitumen waterproofing materials industry. This bitumen waterproofing materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The bitumen waterproofing materials market consists of sales of bituminous membranes, bitumen emulsions, bituminous flashing tapes, cold-applied bitumen coatings, and polymer-modified bitumen sheets. 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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