What are the Growth Drivers of Waterproofing Membranes Market? Fosroc, Dow chemical, BASF, Du Pont, Covestro, Pidilite, CICO Technologies, W.R. Meadows & more
Increasing applications scope for PU based liquid waterproofing membrane for end-use applications such as roofs, wet area, decorative waterproofing and parking decks should favor product demand. Polyurethanes are widely used in industry on due to ease of application and uniformity should favor polymer market growth demand.
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UK waterproofing membranes market size should witness significant gains. Favorable government regulations on account of increasing infrastructure development should stimulate regional growth.
China bitumen membrane market size from roofing applications is set to exceed USD 250 million at the end of forecast period. Atactic polypropylene (APP) butadiene and SBS bitumen are used for sealing purposes in construction buildings.
U.S. waterproofing membranes market should witness significant gains over the foreseeable future. Increasing concern towards water and waste management should drive regional industry growth.
- Growth drivers are
1 Strong infrastructure and construction industry outlook
2 Increasing waste and water management industry
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BASF SE
2. Sika AG
3. Pidilite Industries Ltd.
4. Paul Bauder GmbH & Co. KG
5. Kemper System America, Inc.
6. Dow Chemical Company
8. GAF Materials Corporation
9. Fosroc Ltd.
10. CICO Technologies Limited
11. Maris Polymers
12. Alchimica Building Chemicals
13. Isomat S.A.
14. Saint-Gobain Weber GmbH
15. Covestro (Bayer MaterialScience AG)
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Waterproofing Membranes Market size is set to exceed USD 10.5 billion at the end of 2024. Positive outlook towards durable material usage in construction should drive industry growth. These products are widely used in installing and designing kitchens, laundries, and bathrooms. Raw material availability along with properties such as reduction in fluid permeability, UV resistance, and flexibility should enhance product demand.
Increasing government initiatives for infrastructural spending in Japan, China, India, Thailand, Malaysia, and Indonesia should drive product demand. Manufacturing companies are initiating technology innovation for new product development to provide better planning, overall concrete protection, and cost reduction, which further stimulate industry growth.
Polymer waterproofing membranes market size should generate over USD 5 billion in business by 2024. These are applied to prevent water migration and treat porous surface through seams or substrates. EPDM, TPO, PVC, and polyurethane are widely used in building structures and walls & roofing process.
- Waterproofing Membrane Market By End-Use
o Building structures
o Landfill & tunnels
- Waterproofing Membrane Market By Product
o SBS Bitumen
o APP Bitumen
o Polymer modified cement
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Rising TPO application scope in commercial roofing systems owing to low cost, ease of installation, flexibility, recyclability should drive polymer based product demand .
Global waterproofing membrane market share is fragmented. BASF, Sika AG, Pidilite Industries, and Paul Bauder are key notable companies. Other industrial participants include DuPont, Dow, CICO Technologies, Kemper System, Fosroc, and GAF Materials.
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