Waterproofing Membranes Market Growth, Revenue Share Analysis, Company Profiles, and Forecast to 2032

The market size of waterproofing membranes globally was USD 36.93 Billion in 2022, and it is projected to reach USD 57.29 Billion by 2032, with a compound annual growth rate of 5% during the forecast period.

The demand for waterproofing membranes is expected to increase significantly during the forecast period due to the rapid urbanization and industrialization of emerging economies. Additionally, the construction industry's expansion worldwide, particularly in the Asia Pacific region, is expected to boost the demand for waterproofing membranes. As environmental standards and sustainability become more important, there is also a growing demand for eco-friendly waterproofing membranes.

The need to protect buildings and infrastructure against water damage and infiltration is one of the key drivers of the rising demand for waterproofing membranes. These membranes can be used on a variety of surfaces, including foundations, walls, and roofing, and are effective in preventing water damage. Waterproofing membranes are also becoming increasingly popular due to the growing understanding of their critical role in preventing structural damage and preserving the longevity of buildings and infrastructure. This is particularly important in regions that experience heavy rainfall, hurricanes, and other natural disasters, where waterproofing is essential.

The demand for waterproofing membranes is also being driven by the growing popularity of green roofs and buildings, which offer various benefits such as lower energy use, improved air quality, and reduced urban heat island effect. Both buildings and green roofs require waterproofing membranes to prevent water damage to the underlying structure.

The automotive sector is another significant end-use sector for waterproofing membranes. With the increasing demand for electric vehicles and lightweight trends, the use of waterproofing membranes in automotive applications is expected to grow. These membranes are used to protect electronic components and enhance overall vehicle safety. Furthermore, there is a rising demand for environmentally friendly waterproofing membranes in the industry, which has led to innovation in manufacturing them with sustainable resources, such as recycled materials, to improve their performance and tensile strength.

Access Full Report Description with Research Methodology and Table of Content @ https://www.reportsanddata.com/report-detail/waterproofing-membrane-market

Waterproofing Membranes Market Segments:

The global waterproofing membranes market is segmented by Product Outlook, Application Outlook, and Regional Outlook. The Product Outlook segment includes Polyvinyl Chloride (PVC), Thyroid Peroxidase (TPO), Ethylene Propylene Diene Monomer (EPDM), Bituminous, and Other. The Application Outlook segment includes Construction, Infrastructural, Automotive, and Others.

In terms of Product Outlook, the Polyvinyl Chloride (PVC) segment is expected to witness significant growth due to its low cost, ease of installation, and durability. The Thyroid Peroxidase (TPO) segment is expected to grow at a considerable rate due to its excellent performance in extreme weather conditions. The Ethylene Propylene Diene Monomer (EPDM) segment is expected to witness significant growth due to its superior strength, resistance to weathering, and versatility. The Bituminous segment is expected to grow at a moderate rate due to its low cost and ability to provide excellent waterproofing.

In terms of Application Outlook, the Construction segment is expected to dominate the market due to the increasing demand for waterproofing in buildings and infrastructure. The Infrastructural segment is also expected to witness significant growth due to the growing need for waterproofing in tunnels, bridges, and other infrastructural projects. The Automotive segment is expected to grow at a considerable rate due to the increasing use of waterproofing membranes in electric vehicles and lightweight vehicles. The Others segment is expected to witness moderate growth due to the use of waterproofing membranes in various industrial applications.

In terms of Regional Outlook, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to witness moderate growth due to the mature construction industry and the increasing focus on sustainability. The Asia Pacific region is expected to witness significant growth due to the rapid urbanization, industrialization, and increasing construction activities in emerging economies such as China and India. Latin America and the Middle East & Africa are expected to witness moderate growth due to the increasing demand for waterproofing in infrastructural projects and the growing automotive industry in the regions.

The market is further segmented by country, including the U.S., Canada, U.K., Germany, France, BENELUX, China, India, Japan, South Korea, Brazil, Saudi Arabia, UAE, and Turkey.

Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/3209

Waterproofing Membranes Market: Strategic Developments

Several companies have recently announced developments and acquisitions in the waterproofing membrane market. In 2021, BASF SE introduced a new waterproofing membrane system that uses a combination of polyurethane and polyurea-based resins. This system is highly durable and resistant to damage from water, chemicals, and other environmental factors.

In 2020, Sika AG acquired Modern Waterproofing Group, a major manufacturer of waterproofing membranes in Egypt. This acquisition was made with the intention of expanding Sika's presence in the Middle East and North Africa region. Additionally, Carlisle Companies Inc. acquired Petersen Aluminum Corporation, a manufacturer of metal roofing and waterproofing systems. The acquisition was aimed at expanding Carlisle's product offerings in the roofing and waterproofing market.

Firestone Building Products also made a strategic acquisition in 2019, acquiring Gaco Western, a leading manufacturer of waterproofing and roofing systems. The aim of the acquisition was to expand Firestone's product offerings in the roofing and waterproofing market. In the same year, Soprema Group acquired Derbigum Americas, a major manufacturer of waterproofing and roofing systems in the United States. The acquisition was aimed at expanding Soprema's product offerings in the North American market.

Several companies have also launched new waterproofing membrane systems recently. In 2020, BASF introduced a new system called MasterSeal M 689 that is highly durable and resistant to damage from water, chemicals, and other environmental factors. GAF also launched a new line of waterproofing membranes called HydroStop® PremiumCoat® System that is highly durable and resistant to damage from water, chemicals, and other environmental factors. Sika launched a new waterproofing membrane system called Sikaplan® WT-440 that is highly durable and designed for use in a wide range of applications, including roofs, bridges, and tunnels. Lastly, Soprema launched a new line of waterproofing membranes called ALSAN® RS 260 that is highly durable and designed for use in a wide range of applications, including roofs, terraces, and balconies.

Waterproofing Membranes Market: Competitive Landscape

The global market report on waterproofing systems includes several major companies that operate in this industry. BASF SE, a leading chemical company, is one of the companies that are included in the report. They announced the development of a new waterproofing membrane system that uses a combination of polyurethane and polyurea-based resins in 2021. Another company mentioned in the report is GAF Materials Corporation, which launched a new line of waterproofing membranes called HydroStop® PremiumCoat® System in 2020.

Sika AG, a Swiss chemical company, is also included in the report. They launched a new waterproofing membrane system called Sikaplan® WT-440 in 2020. Soprema Group, a French company that specializes in waterproofing and insulation solutions, launched a new line of waterproofing membranes called ALSAN® RS 260 in 2020.

Other major companies included in the report are Fosroc International Ltd., Carlisle Companies Inc., Toray Industries, Inc., Firestone Building Products, GCP Applied Technologies, Johns Manville, Chryso SAS, and Imperbit Membrane Industries LLC. These companies offer a wide range of waterproofing solutions and play a significant role in shaping the global market for waterproofing systems.

Browse Our Related Links:

Chemical Surface Treatment Market Asia Pacific - https://www.marketwatch.com/press-release/chemical-surface-treatment-market-to-reach-usd-1784-billion-by-2026-2023-04-20?mod=search_headline

Tartaric Acid Market Canada - https://www.marketwatch.com/press-release/tartaric-acid-market-to-reach-usd-3877-million-by-2028-2023-04-20?mod=search_headline

Industrial Fabrics Market Unites States - https://www.marketwatch.com/press-release/industrial-fabrics-market-to-reach-usd-20277-billion-by-2028-2023-04-20?mod=search_headline

Alcohol Ethoxylates Market United Kingdom - https://www.marketwatch.com/press-release/alcohol-ethoxylates-market-to-reach-usd-83112-million-by-2028-2023-04-20?mod=search_headline

Global Peracetic Acid Market Size - https://www.marketwatch.com/press-release/global-peracetic-acid-market-size-to-reach-usd-172668-million-in-2030-2023-04-24?mod=search_headline

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyse consumer behaviour shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

This release was published on openPR.