The global waterproofing membranes market is anticipated to reach $40.19 billion by 2022, witnessing a CAGR of 9.3% between 2017 and 2022, as per a recent market report of Markets and Markets. The growing building & construction industry and increased use of waterproofing membranes in waste management and water treatment applications around the globe reportedly will drive the market. However, the mature markets of Europe and North America are expected to limit the growth of the global waterproofing membranes market to a certain extent. The waterproofing membranes market is segmented into modified bitumen, PVC, EPDM, TPO, HDPE, and LDPE by raw material type, and is segmented into roofing & walls, building structures, waste & water management, tunnels & landfills, and bridges & highways by application. Roofing & walls is the largest application segment for the global waterproofing membranes market. Various types of waterproofing membranes such as HDPE and LDPE are used in modern tunnel construction. As the tunnel construction industry is projected to grow owing to the infrastructure and transport requirements, the rising demand for waterproofing membranes is expected in the coming years. The water management industry has a wide scope for its expansion, which in turn would help in increasing the consumption for waterproofing membranes during the forecast period. Based on region, the waterproofing membranes market is segmented into Asia-Pacific, North America, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa. Currently, Asia-Pacific is the largest market for waterproofing membranes. The impressive growth of the construction and water management industry, especially in the developing countries of Asia-Pacific region, are some of the major drivers for waterproofing membranes market growth around the globe. The leading players in this market are Carlisle Companies Inc. (U.S.), Firestone Building Products Company, LLC (U.S.), Soprema Group (France), GSE Environmental (U.S.), BASF (Germany), The Dow Chemical Company (U.S.), Johns Manville (U.S.), Sika (Switzerland), and GAF Materials Corporation (U.S.). They are expected to hold a significant market share during the forecast period. Other major producers of waterproofing membranes are Renolit SE (Germany), Fosroc International Ltd (U.K.), GCP Applied Technologies Inc (U.S.) and Laticrete International (U.S.).