04-Mar-2022 | Zion Market Research
The global waterproofing membranes market was worth around USD 34.9 billion in 2021 and is estimated to grow to about USD 40.2 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.4 percent over the forecast period. The report analyzes the waterproofing membranes market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the waterproofing membranes market.
A waterproofing membrane is a water-tight layer of material that is applied to a surface to avoid water leaks or damages. Waterproofing membranes are typically pre-formed or liquid-applied sheets. To minimize water penetration, they can be attached to or placed around the foundations (much like a structural slab). Waterproofing will assist stop water from seeping the foundation and safeguard the property from water damage, whether it's for your building's basement or roof. A waterproofing membrane is applied to the concrete to aid prevent water penetration while also making it easier to maintain. The waterproofing membrane can be used in the interior, such as in the case of repairs, the exterior, or in regions inaccessible to individuals, depending on the construction and requirement.
The global waterproofing membrane market is growing at a rapid rate. Some of the factors that are boosting the growth of the market include rapid urbanization and increasing infrastructural development especially due to high demand from the public & private sectors. Further, growing demand for waterproofing membranes owing to a rise in construction activities with an increase in population is also one of the major factors that are fueling the growth of the market. In addition to this, an increase in refurbishment activities is also equally contributing to the growth of the market. Moreover, due to the increased exposure to environmental moisture and rainwater, the need for sheet membranes for roofing is likely to boost the market. Furthermore, the growing inclination towards green roofs may have several growth opportunities for the market during the forecast period. However, environmental as well as potential health issues associated with the use of waterproofing membranes may hamper the market growth..
Browse the full “Waterproofing Membranes Market By Raw Material (Modified Bitumen, PVC, TPO, Acrylic, Polyurea, Polyurethane, And Others), By Type (Liquid-Applied Membranes and Sheet-Based Membranes), By Usages (Refurbishment and New Construction), By Application (Building Structures, Roofing, Walls, Roadways, Waste & Water Management, and Others) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028..” Report at https://www.zionmarketresearch.com/report/waterproofing-membrane-market
The global waterproofing membrane market is bifurcated based on raw material, type, usages, application, and region. Based on raw material, the market is categorized based on modified bitumen, TPO, PVC, acrylic, polyurethane, polyurea, and others. Based on type, the market is divided into sheet-based membranes and liquid-applied membranes. Based on usage, the market is segregated as refurbishment and new construction. The application segment of the global waterproofing membrane market contained walls, building structures, roofing, roadways, waste & water management, and others.
Asia Pacific is likely to dominate the global waterproofing membrane market with a revenue share of nearly 31 percent. Key factors such as fast-tracked industrialization and expanding infrastructure advancements, principally in India and China are contributing to the significant share of the market. With the rapid expansion of industrialization demand for residential homes and corporate offices is expected to rise which will ultimately support the market growth. North America is the second-largest market for waterproofing membranes. Market in North America is foretold to expand at a considerable rate during the forecast period. This is due to increased building activity in emerging economies such as Mexico and Canada. Moreover, augmented investment in warehouse development for the retail, healthcare, and automotive industries, all of which require waterproofing solutions, is boosting the market growth in the region. Among major countries, the US is expected to remain the largest market in the region for waterproofing membranes.
Top players operating in the global waterproofing membrane market include BASF, Sika, Tremco, GCP applied technologies, Soprema, Fosroc, Carlisle Construction Company, Johns Manville, Mapei, and Renolit.
Global waterproofing membranes market is segmented as follows:
By Raw Material:
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