Press release
Waterproofing Membrane Market to Reach $51.5 Billion, Globally, by 2032 | Growth With Recent Trends & Demand
Waterproofing Membrane Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ : https://www.alliedmarketresearch.com/request-sample/1569
Prime Determinants of Growth: Several factors contribute to the growth of the global waterproofing membrane market, including increased construction activities, especially in regions susceptible to heavy rainfall or flooding. There's also a growing awareness of the necessity to protect structures against water damage. Furthermore, advancements in waterproofing technologies and materials are bolstering market expansion. However, regulatory challenges and environmental concerns surrounding certain waterproofing chemicals pose hindrances. Nevertheless, the development of eco-friendly solutions and market expansion into emerging economies offer lucrative growth opportunities.
Key Insights:
The modified bituminous membrane segment dominated the market in 2022, accounting for nearly one-fourth of the global revenue. These membranes, composed of bitumen modified with polymers, offer enhanced flexibility, elongation, and temperature resistance, making them suitable for various environmental conditions.
The polyurethane membrane segment is expected to exhibit the highest CAGR of 5.9% from 2023 to 2032. These membranes, made from polyurethane, offer durability, flexibility, and resistance to chemicals and UV rays. They are applied as liquids and cured to form seamless, waterproof barriers, making them ideal for leak-prone areas.
Roofing applications held the highest market share in 2022 and are projected to maintain dominance. Waterproofing membranes play a crucial role in roofing systems by providing a protective barrier against water infiltration, improving energy efficiency, and enhancing longevity.
Asia-Pacific led the market in 2022 and is expected to maintain dominance by 2032. The region experiences robust growth due to increased construction activities, urbanization, and infrastructure development. Stringent government regulations regarding building safety and environmental protection are also driving market adoption.
๐๐จ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ https://www.alliedmarketresearch.com/purchase-enquiry/1569
Key Players:
SOPREMA GROUP
KรSTER BAUCHEMIE AG
JOHNS MANVILLE
SIKA AG
KEMPER SYSTEM AMERICA, INC.
DANOSA
MINERALS TECHNOLOGIES INC.
HOLCIM
DOW
ISOMAT S.A.
Strategic Insights: Market players employ various strategies such as new product launches, collaborations, expansions, joint ventures, and agreements to increase market share and maintain dominance across regions. The report provides detailed analyses of these players, including business performance, operating segments, product portfolios, and strategic moves, showcasing the competitive landscape of the market.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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