Bitumen Waterproofing Market is Forecasted to Reach US$ 37.4 billion in 2028, Says Stratview Research

The global bitumen waterproofing market is projected to witness a growth rate of 5% annually from 2023 to 2028, with an anticipated size of US$ 37.4 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global bitumen waterproofing market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 37.4 billion
Growth (CAGR): 5% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+

Segment Insights on the Bitumen Waterproofing Market:
The global bitumen waterproofing market is segmented based on material type, product type, application type, end-user type, construction type, and region.

Based on material type - The market is segmented into APP, SBS, and others. Among material types, APP (Atactic Polypropylene Membrane) holds supremacy in the bitumen waterproofing market across regions. APP membrane is a popular waterproofing material utilized on concrete and low-slope roofs that is commonly applied using a torch on top of asphalt. Its versatility extends beyond just roofing, as it can also be used to protect a variety of structures such as man-made ponds, bathrooms, water tanks, curtain walls, and concrete channels against water ingress. The material's durability and effectiveness make it a preferred choice for contractors seeking to safeguard surfaces against leakage and water damage.

Based on the product type - The market is segmented into sheet membranes, liquid membranes, and coatings. Sheet membranes are estimated to maintain their huge dominance during the forecast period, driven by their ability to withstand harsh weather conditions, adapt to irregularly shaped surfaces, and prevent water from penetrating surfaces. They are a cost-effective and reliable solution for providing long-lasting waterproofing protection to structures.

Based on the application type - The market is segmented into roofing & walls, building structures, industrial, water & wastewater management, tunnels, and others. The roofing & walls segment has supremacy in the bitumen waterproofing market, driven by the predominant usage of bitumen waterproofing in both flat and pitched roof markets. Ease of application, compatibility across roofing substrates, and cost vs. performance ratio are key factors propelling the usage of bitumen waterproofing in the application segment.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3551/bitumen-waterproofing-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for bitumen waterproofing over the forecast period. This growth outlook is majorly attributed to the following-
- In addition to that, the region is also likely to witness the highest growth in the coming years.
- China holds an assessable lead in the market with bitumen waterproofing widely used in the country.
- Oriental Yuhong and Keshun Waterproofing Technologies are the major players in the bitumen waterproofing market in the region.

Bitumen Waterproofing Market Drivers:

Some of the key drivers listed in the report are given below.
- As urbanization and infrastructure development continue to increase globally.
- Additionally, technological advancements in the manufacturing of bitumen waterproofing materials have led to the development of more efficient and cost-effective products.
- Increasing concentration on quality structure and the growing construction and infrastructure industries.

Top Companies in the Bitumen Waterproofing Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Oriental Yuhong
• Sika AG
• Keshun Waterproofing Technologies
• MBCC Group
• Hongyuan Waterproof Technology Group Co., Ltd.
• Carlisle Companies, Inc.
• RPM International Inc.
• GAF Materials Corporation

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Bitumen Waterproofing Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Waterproofing Market: https://www.stratviewresearch.com/3552/waterproofing-market.html

• Roof Waterproofing Market: https://www.stratviewresearch.com/3540/roof-waterproofing-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.