Press release
Waterproofing Membrane Market Report Says Dow chemical, BASF, Silk AG, Du Pont are Prominent key players
The global waterproofing membrane market size is predicted to touch 32300 million square meters by end of the forecast period and is predicted to register CAGR of 6.6%. Increasing use of waterproofing membrane in mines along with growing mining activities is predicted to promote the growth of the industry during forecast period. Further, low production cost and cost efficacy are key growth aspects of the industry.
Global Market Insights has a new study based report titled "Waterproofing Membranes Market Size By Application (Sheet Membranes, Liquid Applied Membranes), By End-Use (Building Structures, Roofing, Walls, Landfills & Tunnels), By Product (Polymers, Polymer Modified Cement, Bitumen, Others), Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, Spain, Austria, Luxembourg, Belgium, Netherlands, Czech Republic, Poland, China, India, Japan, Indonesia, Malaysia, Thailand, Australia, South Korea, Brazil, Saudi Arabia, South Africa), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024".
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In 2014, RPM international Incorporation had acquired Betumat Quimica Ltda, a Brazil based firm producing waterproofing products, with yearly sales of about $ 22 million. This has helped it to increase its geographical presence and industry share in world’s most growing economies. The global waterproofing membrane market is segmented into key geographical regions including North America, Asia Pacific, Latin America, Europe and MEA.
Europe waterproofing membrane market was the biggest contributor to the total revenue share of the industry in 2014 and contributed more than $ 1800 million. Growing concerns about waste & water management is predicted to drive the demand for waterproofing membrane technology in Europe. Heavy demand from countries like Russia, Germany, France and Italy are predicted to contribute towards the growth of the industry in Europe. Asia Pacific is predicted to grow significantly during forecast period owing to the infrastructural growth in the region.
North America is predicted to experience heavy demand during the forecast period due to growing activities in construction & mining sectors in the region. Further, it is anticipated to observe rapid growth due to rising business expansions, growing mergers & acquisitions between key players and new product launches by industry players of the region.
US waterproofing membrane market size contributed greater than 20% of the overall demand for 2014. It is predicted to experience moderate gains of more than 5.5% by 2022. Growing crude oil production in Middle East is predicted to drive the growth of the industry in future.
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Some companies operating in this industry are Dow chemical, BASF, Silk AG, Du Pont, Covestro, Pidilite, Fosroc, CICO Technologies, W.R. Meadows, Soprema Group, Johns Manville, Synergies, Cangzhou Jiansheng Building Waterproof Material and Fairmate Chemicals. Companies including BASF, Pidilite and Dow are present across the value chain and captively use raw ingredients for producing different product grade.
https://www.gminsights.com/industry-analysis/waterproofing-membrane-market
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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