Waterproofing Membranes Market Increased Awareness of Waterproofing Drives Global Market

According to Precision Business Insights' (PBI), latest report, the market value of the Waterproofing Membranes Market size was valued at USD 30.5 billion in 2023, growing at a 7.1% CAGR from 2024 to 2030. The primary factors that drive the market are the growing extensive waterproofing techniques across the world, rising climatic conditions and repairment of infrastructure, and increasing demand for waterproofing membrane material in the market.

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The Waterproofing Membranes Market Detailed Segmentation:
Based on the material, the market is segmented into the following
• Liquid Applied
• Sheet Based

Based on the application, the market is segmented into the following
• Roofing
• Walls
• Building Structures
• Landfills & Tunnel

Bifocal to Dominate the Waterproofing Membranes Market:
Based on type, bifocal holds the highest market share. The major factor for the rise of this segment is that the extensive usage of waterproofing techniques in the topicals shows a high demand for waterproof membranes in the market. The construction of buildings requires materials that are strong, lightweight, high-performance, and versatile, giving the best services, a rise in infrastructure development creates huge demand in the public and private sectors. The emerging economies in Asian countries have higher demand.

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Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific Waterproofing Membranes Market:
Asia Pacific region is expected to grow significantly in the global anti-blue ray myopia lens size over the forecast period. The Waterproofing Membranes Market in the Asia Pacific holds a significant revenue share in 2022, it is predicted to increase rapidly due to increasing infrastructure spending in the region resulting in a high demand for waterproof materials, also it is observed high demand for sheet membranes due to exposure of rainfall and environment moisture expected to drive the market in Asia Pacific region.

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STRATEGIC NEW PRODUCT LAUNCHES, MERGERS, ACQUISITIONS, AND AGREEMENTS ARE THE KEY STRATEGIES ADOPTED BY MARKET PLAYERS:
The global waterproofing membrane market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.
In November 2022, Polyglass U.S.A., Inc., launched new structural waterproofing membrane product for the building envelope, Mapeseal GC. Mapeseal GC is a single-component, fast-curing, cold-fluid-applied, monolithic waterproofing membrane ideal for vertical and horizontal surfaces and damp and green concrete applications.
In November 2021, Fosroc recently introduced Polyurea WH 100, a product which gives many benefits to a wide range of roof waterproofing applications. Its hand-applied application makes it very easy to install, which is especially beneficial in flat roof applications where detailing can be tricky and spray equipment might not be available.
In September 2020, Krypton Chemical launched IMPERMAX B 1K. it is a one-component polyurethane-bitumen resin, with high thixotropy and excellent mechanical properties.

Key players' profiles in the waterproofing membranes market report are RENOLIT SE Johns Manville Sika Soprema Inc. Dow BASF SE Bridgestone Americas, Inc. Carlisle Companies Inc.

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