Waterproofing Membranes Market is expected to grow at a CAGR of 8.1% during the forecasted period | Evolve Business Intelligence

Key Highlights:
• The global Waterproofing Membranes Market size was valued at USD 26.1 billion in 2023 growing at a CAGR of 8.1% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Waterproofing Membranes Market size accounted for USD 26.1 Billion in 2023, growing at a CAGR of 8.1% from 2023 to 2033. Waterproofing membranes are materials used to prevent the passage of water through a surface or structure. They are commonly applied to building foundations, roofs, tunnels, and other structures to protect them from water damage. The primary purpose of waterproofing membranes is to create an impermeable barrier that prevents water penetration and protects the underlying structure from moisture-related issues such as leaks, mold growth, and structural damage.

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The increasing construction activities, especially in urban areas and infrastructure development, contribute to the growing demand for waterproofing membranes. With a greater awareness of the importance of protecting buildings and structures from water damage, there is an increased demand for effective waterproofing solutions. Building codes and regulations that emphasize the need for water-resistant structures drive the adoption of waterproofing membranes. Ongoing research and development efforts lead to the creation of more advanced and efficient waterproofing membrane technologies, attracting users looking for improved performance.

Key Players
Some of the major Waterproofing membrane market players holding high market shares include BASF SE, Kemper System America, Inc., GAF Materials Corporation, Paul Bauder GmbH & Co. KG, CICO Technologies Ltd, and Fosroc Ltd. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include GAF Materials Corporation, Alchimica Building Chemicals, Maris Polymers, Isomat S.A., Bayer MaterialScience AG

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Segmental Analysis
Based on the product, the Waterproofing Membranes market is segmented into Liquid Applied Membranes and Sheet Membranes. Liquid-applied membranes are the largest segment of the waterproofing membranes market. Liquid-applied membranes can be applied to a variety of surfaces, including irregular shapes and curves, with minimal preparation. Liquid-applied membranes create a seamless barrier, eliminating the risk of leaks at seams or joints. Liquid-applied membranes are highly durable and can withstand a wide range of weather conditions.
Based on Application, the Waterproofing membrane market is Roofing, Walls, Building structures, Tunnels and landfills, and others. Roofing is the largest application segment of the waterproofing membranes market. This is due to the importance of waterproofing roofs to prevent water damage to buildings. Liquid-applied membranes are the most popular type of waterproofing membrane used for roofing, followed by bituminous membranes and synthetic membranes.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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