Press release
Waterproofing Membranes Market Size 2023: Global Share, Trends and Report Forecast by 2028
Waterproofing Membranes Market Forecast 2023-2028
Industry Overview of Waterproofing Membranes Market
Waterproofing membranes are specialized construction materials used to prevent water infiltration and protect structures from moisture damage. Constructed from synthetic substances like modified bitumen, polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), and thermoplastic polyolefin (TPO), these membranes serve as effective barriers against water and dampness. By forming a shield against water penetration, they safeguard surfaces beneath from leaks, hydrostatic pressure, and damp conditions. Their role is crucial in thwarting structural deterioration, mold growth, and potential costly complications arising from water ingress. These membranes are offered in diverse formats, including sheets, rolls, and liquid coatings, providing versatile options for various construction and maintenance needs.
How Big Is the Waterproofing Membranes Market?
The global waterproofing membranes market size reached US$ 25.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
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Global Industry Trends and Drivers:
The burgeoning landscape of construction endeavors, encompassing structures like buildings, roads, bridges, and tunnels, stands as a paramount catalyst propelling the global demand for waterproofing membranes. This surge is driven by the imperative to shield these creations from the perils of water-induced damage. Additionally, the ascent of renovation and enhancement undertakings within commercial domains-ranging from airports, shopping malls, and hypermarkets to offices, cafes, hotels, and restaurants-holds a favorable sway over the market's growth trajectory. Furthermore, the adoption of waterproofing membranes within water treatment facilities gains prominence owing to mounting concerns regarding water infiltration and leakage. This factor lends a positive impetus to the market's dynamics. Simultaneously, the imperative to preserve and safeguard aging infrastructure further elevates the requisition for waterproofing membranes on a global scale. Collectively, these dynamics underscore the multifaceted drivers steering the expansion of the waterproofing membranes market.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product:
Liquid Applied Membranes
Cementitious
Bituminous
Polyurethane
Acrylic
Other
Sheet Membranes
Bituminous
Polyvinyl Chloride (PVC)
Ethylene Propylene Diene Monomer (EPDM)
Other
Breakup by Usage:
Refurbishment
New Construction
Breakup by Application:
Roofing and Walls
Water and Waste Management
Building Structures
Tunnel Liners
Bridges and Highways
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
BASF SE, Carlisle Companies Incorporated, Dow Inc., Firestone Building Products (Holcim Group), Fosroc Inc. (JMH Group), GAF Materials Corporation (Standard Industries), GCP Applied Technologies (W. R. Grace and Company), Johns Manville (Berkshire Hathaway Inc.), Mapei S.p.A, Paul Bauder GmbH & Co. KG, Renolit SE (JM Holding GmbH & Co. KGaA), Sika AG and Soprema S.A.S.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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