Press release
Waterproofing Membranes Market Comprehensive Survey 2031
• The global waterproofing membranes market was valued at US$ 23.2 Bn in 2021
• It is estimated to grow at a CAGR of 7.1% from 2022 to 2031
• The global waterproofing membranes market is expected to reach US$ 43.0 Bn by the end of 2031
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Analysts' Viewpoint on Waterproofing Membranes Market Scenario
Companies operating in the waterproofing membranes market are focusing on the development of energy-efficient construction materials in order to reduce the environmental impact. This is driving the waterproofing membranes market. Growth of the waterproofing membranes market is also ascribed to the increase in applications of elastomeric waterproofing membranes in roofing and walls, building structures, water and waste management, and landfills and tunnel liners. Rise in demand for waterproofing membranes in building foundations is attributable to their water repellant properties. Manufacturers of waterproofing products and systems are creating incremental opportunities by investing significantly in R&D and producing innovative, eco-friendly, sustainable, and high-quality waterproofing solutions that minimize utility and maintenance costs.
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Overview of Global Waterproofing Membranes Market
Waterproofing membrane is a layer of water-tight material that is applied on a surface to prevent water leaks or damage. The process usually consists of liquid-applied or pre-formed sheet membranes. Waterproofing membranes provide valuable protection against condensation and climatic conditions; both these are major causes of building damage and potential health hazards. Waterproofing helps secure a building from all kinds of water damage and prevent further repair work on the structure. Excessive water exposure can enlarge the foundation cracks and joints, leading to issues with leakage, deterioration, and spalling that would require repairs. Waterproofing can strengthen the structure and create a healthier environment by reducing maintenance costs. It can also increase the property value.
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Analysis of Key Players in Global Waterproofing Membranes Market
The global waterproofing membranes market is fragmented, with a large number of small and medium-scale vendors controlling a majority of the share. Most of the firms are investing substantially in comprehensive research and development activities, primarily to introduce environment-friendly products. Expansion of product portfolios and mergers and acquisitions are prominent strategies adopted by key players. Leading producers of waterproofing membranes across the globe include BASF, Pidilite Industries Ltd., Dow Chemical Company, Sika AG, and Solmax.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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