Waterproofing Membranes Market Was Valued at USD 21,473.7 million in 2021 Owing to Rising Technological Advancements

According to Precision Business Insights (PBI) latest report the global waterproofing membranes market is valued at USD 21,473.7 million in 2021. Global waterproofing membranes market segmented into following types By Product (Polyvinyl Chloride (PVC), Bitumen, TPO, Ethylene Propylene Diene Monomer (EPDM), Others), By Application (Building Structures, Tunnels & Landfills, Roofing & Walls, Bridges & Highways, Others), By Type (Liquid Applied Membranes, Sheet Based Membranes) and Geography (North America, Europe, Asia-Pacific, Latin America, and MEA) Forecast to 2028. Key player's profiles in the waterproofing membranes market report are RENOLIT SE, Johns Manville, Sika, Soprema Inc., Dow, BASF SE, Bridgestone Americas, Inc., Carlisle Companies Inc. The need for global waterproofing membranes is being driven by the increasing demand for cost-effective and efficient waterproofing membranes, as well as technical breakthroughs such as nanotechnology in waterproofing. Focus on the development of hygiene powder coatings are anticipated to create lucrative opportunities for the market players in the waterproofing membranes market. Fluctuating raw material prices of polypropylene & bitumen and government regulations are expected to hamper the market.

Liquid Applied Membranes Segment Dominates the Waterproofing Membranes Market:
The Liquid Applied Membranes segment expected to account to have revenue share in global waterproofing membranes market with higher share of in global market and projected to grow at x% CAGR over 2022 - 2028. The growth is due to increased awareness of the product's benefits, such as cost-effectiveness and ease of installation. Furthermore, as global infrastructure for water conservation and treatment improves, demand for liquid applied membranes is likely to rise in the near future.

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North America Leads Waterproofing Membranes Market:
North America is expected to have a higher share in the waterproofing membranes market. Rapid industrialization on account of increasing construction activities and housing developments is expected to fuel the demand for the waterproof membranes market. Furthermore, growing consumer preference for increasing the shelf life of paints of sheet membrane in the region also boost the waterproofing membranes market. Asia-Pacific accounted for a significant share due to rapid urbanization, industrialization, and expansion of the construction sector

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global waterproofing membranes market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In August 2021, Bridgestone Americas (Bridgestone) announced it has completed the acquisition of Azuga Holdings, Inc. (Azuga) and the Azuga fleet management platform from Sumeru Equity Partners, Danlaw, Inc. and other shareholders. The acquisition, valued at $391 million, accelerates Bridgestone's efforts to develop and deploy a comprehensive fleet management solution as a central pillar of the company's advanced mobility strategy. In September 2021, Following the approval of local government authorities, BASF has completed the acquisition of GRUPO THERMOTEK, a leading waterproofing systems supplier based in Monterrey, Mexico. Through this acquisition, BASF's Construction Chemicals division strengthens its channels to market and builds on its portfolio of brands for construction professionals

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Detailed Segmentation:
The waterproofing membranes market is segmented based on product, application, type, and geography.
Based on the Product, the market is segmented into the following:
• Polyvinyl Chloride (PVC)
• Bitumen
• TPO
• Ethylene Propylene Diene Monomer (EPDM)
• Others

Based on the Application, the market is segmented into the following:
• Building Structures
• Tunnels & Landfills
• Roofing & Walls
• Bridges & Highways
• Others

Based on the Type, the market is segmented into the following:
• Liquid Applied Membranes
• Sheet Based Membranes

Based on the geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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