IMARC Group, a leading market research company, has recently releases report titled “Waterproofing Membranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The report offers a comprehensive analysis of the industry, which comprises insights on the global waterproofing membranes market size. The global waterproofing membranes market size reached US$ 25.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Waterproofing membranes are specialized materials used in construction and building maintenance to prevent water penetration into structures. They are made from synthetic materials, such as modified bitumen, polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), and thermoplastic polyolefin (TPO). They are designed to create a barrier against water and moisture, which protects the underlying surfaces from damage caused by leaks, dampness, or hydrostatic pressure. They ensure long-lasting protection against water ingress, which can lead to structural deterioration, mold growth, and other costly issues. They are available in various forms, including sheets, rolls, or liquid coatings.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/waterproofing-membranes-market/requestsample
Bioenergy Market Trends and Drivers:
The waterproofing membranes market is influenced by several industry trends and drivers that impact its growth and development. One key trend is the increasing focus on infrastructure development, particularly in emerging economies, which drives the demand for waterproofing solutions. Rapid urbanization, industrialization, and construction activities create a need for effective waterproofing membranes to ensure the longevity and durability of structures. Another driver is the growing awareness of the importance of waterproofing in the construction industry. Builders and property owners recognize the significance of protecting buildings from water damage, leaks, and moisture-related issues. This increased awareness leads to higher demand for advanced waterproofing membranes that offer superior performance and durability.
The sustainability and environmental considerations are also driving the market. There is a rising demand for eco-friendly and energy-efficient waterproofing solutions. As a result, manufacturers are developing membranes with lower VOC (volatile organic compound) content, recyclable materials, and improved environmental performance. Advancements in technology and product innovation are crucial drivers for the waterproofing membranes market. Manufacturers are constantly developing new materials, formulations, and application techniques to enhance the performance and ease of use of waterproofing membranes. These innovations include self-healing membranes, self-adhesive membranes, and membranes with improved flexibility, strength, and resistance to UV radiation and chemical exposure.
Competitive Landscape with Key Player:
- BASF SE
- Carlisle Companies Incorporated
- Dow Inc.
- Firestone Building Products (Holcim Group)
- Fosroc Inc. (JMH Group)
- GAF Materials Corporation (Standard Industries)
- GCP Applied Technologies (W. R. Grace and Company)
- Johns Manville (Berkshire Hathaway Inc.)
- Mapei S.p.A
- Paul Bauder GmbH & Co. KG
- Renolit SE (JM Holding GmbH & Co. KGaA)
- Sika AG
- Soprema S.A.S.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Liquid Applied Membranes
- Cementitious
- Bituminous
- Polyurethane
- Acrylic
- Other
- Sheet Membranes
- Bituminous
- Polyvinyl Chloride (PVC)
- Ethylene Propylene Diene Monomer (EPDM)
- Other
Breakup by Usage:
- Refurbishment
- New Construction
Breakup by Application:
- Roofing and Walls
- Water and Waste Management
- Building Structures
- Tunnel Liners
- Bridges and Highways
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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