Waterproofing Membranes Market 2019 Major Key Players (DOW DUPONT, FIRESTONE BUILDING PRODUCTS, SIKA AG, BASF SE)

Waterproofing Membranes Market Highlights:
The global waterproofing membrane market was estimated at USD 19.31 billion in 2017, and it is projected to reach USD 25.13 billion in 2023. These membranes consist of waterproof plastic, rubber, or coated, or smart fabric materials. The materials are used in a system to prevent the ingress of water into foundations, roofs, walls, basements, buildings, and structures, when properly installed. Waterproofing membranes have been extensively employed for waterproofing solutions in various industries, as they are lightweight, cost-efficient, durable, and environmentally sustainable.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/17548
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

In the report, the following major applications have been taken into consideration: roofing and walls, water and waste management, building structures, tunnel liners, and bridges and highways. Among these, roofing and walls is the largest application, and it is also expected to witness the highest growth over the forecast period.
Based on type, waterproofing membranes are commercially available in the form of cold-liquid applied membranes, hot liquid applied membranes, fully adhered sheets, and loose laid sheets. Waterproofing membranes can be broadly segmented, based on the raw material used, into modified bitumen, PVC, TPO, EPDM, HDPE, and LDPE, amongst others.

Key Developments in the Market
• January 2018: Dexshell filed a new waterproofing patent for a technique of lamination process that features in the firm’s MY18 sock and headgear portfolio. This has enabled their business to create greater level of flexibility in garments.
• January 2018: Sika acquired a majority stake in Index Construction Systems and Products, a leading manufacturer of roofing and waterproofing systems, headquartered close to Verona, Italy. The company generates annual sales of CHF 115 million.
• December 2017: Sika added expansion joint and pre-compressed sealant manufacturer, EMSEAL Joint Systems Ltd, to its capacity to provide comprehensive foundation-to-roof building waterproofing solutions.

Major Players:
DOW DUPONT, FIRESTONE BUILDING PRODUCTS, SIKA AG, BASF SE,amongst others

Request Discount on this repots @ https://marketprognosis.com/discount-request/17548
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Increase in Residential Construction
According to data from the US Census Bureau, total construction spending increased 6.5% from the previous year in 2017. Construction spending totaled a value worth USD 917.0 billion through the first nine months of 2017, a 4.3% increase over the same period in 2016. Construction activities are expected to remain strong throughout 2018. With the increase in construction activities, the implementation of water proofing membranes is expected to increase, and hence, drive the market. Increasing demand from developing nations further pushes the market for waterproofing membranes in different potential applications, including roofing and water management applications.

Growing Demand for Bituminous Waterproofing Membranes in India
Population growth, rapid urbanization, and government incentives have compelled a large number of infrastructure companies and builders to invest in this sector. This has led to a construction boom in India. With increased end-user awareness of preventive waterproofing and stringent quality mandates from the government, waterproofing solutions in India are likely to witness a period of aggressive growth over the next few years. Increased consumer awareness, R&D initiatives, and strong channel relations are expected to ensure growth in the country.

Asia-Pacific to Dominate Market Growth
Asia-Pacific is anticipated to be the fastest-growing market for waterproofing membranes, in terms of both value and volume, during the forecast period. China and India are the two main markets for waterproofing membranes in Asia-Pacific. The Chinese building & construction industry has the largest share in Asia-Pacific, which resulted in an increased growth of the waterproofing membranes market. In addition, under building & construction industry, relatively high growth was observed in 2017, in the commercial building & construction segment as well as high-end real estate. In addition, introduction of energy saving policies is also expected to drive the demand for waterproofing membranes in both China and India.

Enquiry Before Buying @ https://marketprognosis.com/enquiry/17548
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.