Press release
Waterproofing Market is Forecasted to Reach US$ 56 Billion in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global waterproofing market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3552/waterproofing-market.html#form
Market Statistics:
Market Size in 2028: US$ 56 billion
Growth (CAGR): 5.0% during 2023-2028
Leading Material Type: Bitumen
Leading Product Type: Sheet Membrane
Leading Application Type: Roofing & Walls
Leading End-User Type: Commercial
Leading Construction Type: Repair & Renovation
Leading Region: Asia-Pacific
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 6
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Waterproofing Market:
The global waterproofing market is segmented based on material type, product type, application type, end-user type, construction type, and region.
Based on material type - Bitumen holds supremacy in the global waterproofing market across the major regions.
Bitumen membranes are known for their versatility and can be customized to meet specific requirements of surface, climate, and application area. Furthermore, it is a cost-effective solution compared to other waterproofing materials such as PU, EPDM, and TPO, making it a perennial choice of material. In some countries, bitumen accounts for more than 80% share of roof waterproofing.
Based on product type - Sheet membranes are expected to maintain their dominance during the forecast period.
The market is segmented into sheet membrane, liquid membrane, coatings, and integral. Sheet membranes are expected to maintain their dominance during the forecast period, driven by durability, cost-effectiveness, resistance to aggressive ground conditions as well as UV exposure conditions, and excellent barriers against moisture and water ingress with a typical thickness range of 2mm to 4 mm.
Based on application type - The roofing & walls segment dominates the market.
The market is segmented into roofing & walls, building structures, industrial, water & wastewater management, tunnels, and others. The roofing & walls segment dominates the waterproofing market, driven by factors such as increasing demand for sustainable and eco-friendly exteriors, and government regulations and building codes. The emergence of green roofs, involving the installation of layers of soil and vegetation on the roof surface, leads to improvements in roof insulation and water tightening requirements.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is expected to remain the largest market. 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.
· Major factors, such as increasing construction activities owing to rapid urbanization and industrialization, promising growth in the economy, a shift of manufacturing industries from Western Economies to Asian economies, and mandates of building and energy codes, are driving the growth of the waterproofing market in the region.
· China, India, South Korea, Japan, and Thailand are the key economies playing a vital role in the region's market.
Waterproofing Market Drivers:
Some of the key drivers listed in the report are given below.
The waterproofing industry has relatively low capital investment, is less technology-intensive, mature, and easy production process, and has an overall entry threshold, which makes it easier for small and mid-sized companies to enter the industry making it a highly fragmented industry. Increasing concentration on quality structures and the growing construction and infrastructure industries are accelerating the demand for waterproofing materials.
Top 8 Companies in the Waterproofing Market:
Stratview Research has identified the following companies as the top market players (arranged alphabetically).
• Carlisle Companies, Inc.
• Hongyuan Waterproof Technology Group Co., Ltd.
• Keshun Waterproofing Technologies
• MBCC Group
• Oriental Yuhong
• RPM International, Inc.
• Saint-Gobain
• Sika AG
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the 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
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About us -
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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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