05-Oct-2017 | Zion Market Research
Zion Market Research has published a new report titled “Waterproofing Membranes Market by Types (Modified Bitumen, PVC, EPDM, TPO, HDPE, LDPE, and Others) for Roofing & Walls, Building Structures, Waste & Water Management, Tunnels & Landfills, Bridges & Highways and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global waterproofing membranes market was valued at USD 18.5 billion in 2016, is expected to reach USD 31.4 billion by 2022 and is anticipated to grow at a CAGR of 9.2% between 2017 and 2022.
Waterproofing is the mixture of materials used to avoid water intrusion into the structural elements of a building or its finished spaces. Its main purpose is to resist hydrostatic pressure exerted by moisture in the liquid state. Waterproofing membranes consist of waterproof plastic, rubber, or coated-fabric materials. The waterproofing materials are utilized to prevent the ingress of water into roofs, walls, buildings, foundations, and structures when properly installed.
Browse the full "Waterproofing Membranes Market by Types (Modified Bitumen, PVC, EPDM, TPO, HDPE, LDPE, and Others) for Roofing & Walls, Building Structures, Waste & Water Management, Tunnels & Landfills, Bridges & Highways and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/waterproofing-membrane-market
The global waterproofing market is expected to register substantial growth during the forecast period, attributed to increase in building & construction industry, improved quality of construction, and increased demand in mining. Increasing governmental investments on infrastructure developments in the majority of the developing countries, increasing waste & water management activities, low installation cost, and labor requirements are the factors driving this market. The lightweight nature and superior properties also drive the market of the waterproofing membrane.
The global waterproofing membranes market can be segmented on the basis of type, application, and regions. On the basis of type, the global market can be segregated into modified bitumen, PVC, EPDM, TPO, HDPE, LDPE, and others. Bitumen waterproofing membranes include APP bitumen (Atactic Polypropylene) and SBS (Styrene-Butadiene-Styrene) bitumen. Bitumen is widely used for sealing purposes in buildings as well as in other structures. However, bitumen waterproofing membranes application has been banned in North America owing to its ill-effects on the environment. This factor is likely to hamper the growth of bitumen waterproofing membrane segment in North America. On the basis of applications, the market is classified into roofing & walls, building structures, waste & water management, tunnels & landfills, bridges & highways, and others. Roofing & walls accounted for around 26% of waterproofing membrane demand in 2016. Building structures are expected to witness significant gains in the forecast period.
In 2016, Asia Pacific was accounted for a considerable share in the global market. Asia-Pacific is expected to be the fastest-growing market for waterproofing membranes, in terms of both value and volume, within the forecast period. Emerging countries such as India and China are the two main markets in Asia Pacific. The construction industry has the largest share in the Asia Pacific region, resulting in an augmented waterproofing membranes demand. North America is expected to register moderate growth. The prosperous growth of the mining and construction industry is the major factor driving the growth of the region. The Middle East and Africa market are anticipated to hold immense potential. The growth of Europe can be attributed to the increasing concerns regarding water and waste management.
Some of the major companies dominating the market are Carlisle Companies Inc., Firestone Building Products Company LLC., Soprema Group, Sika AG, The DOW Chemical Company, GAF Materials Corporation, Johns Manville, Renolit Se, Fosroc International Limited and Solmax International Inc. among others. The major strategies adopted by the players include mergers & acquisitions, expansion, and novel product launches. The enormous potential of the market is encouraging new entrants to foray into the market. However, stringent government regulations are creating high barriers for new entrants.
The report segments the global waterproofing membranes market as
Global Waterproofing Membranes Market: Type Analysis
Global Waterproofing Membranes Market: Application Analysis
Global Waterproofing Membranes Market: Regional Analysis
Browse New Press Release: https://www.zionmarketresearch.com/news/waterproofing-membranes-industry
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