Press release
Waterproofing Membrane Market - Comprehensive Analysis of World Markets, Trade, Commodity Review and Outlook of Global Market Including Long-term Forecasts 2024
Sika AG, a leading chemical company based in Switzerland has recently agreed to acquire a Prague based construction materials manufacturer KVK Holding, a.s. The deal is subjected to approval from anti-trust authorities. KVK’s offerings include polystyrene insulation, waterproofing bitumen belts mortar mixtures and dry plaster. Last year, KVK reportedly generated sales of more than EUR36 Million.
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Market in Czech Republic Full of Optimism
KVK currently controls six production facilities in Czech, out of which, two are dedicated to production of waterproofing bituminous membranes, one for expanded polystyrene insulation (EPS ) and the rest for mortar products. The deal is likely to strengthen Sika’s production platform while increasing its presence in the country. Demand for mortar products including waterproofing membrane is not only increasing in Europe but various other regions. A study conducted by Transparency Market Research (TMR) finds that manufacturers of waterproofing membrane are likely to investment heavily in ramping up their product portfolio to tap new opportunities. In the forthcoming years, market players are expected to emphasis on strategic acquisitions and mergers along with product innovation. Besides, companies continue to increase their efforts on research and development programs in order to maintain a competitive edge. As global demand of contruction and mortar products continue to soar, more companies the likely to venture into the particular segment.
KVK and Sika Have a Lot in Common
To start with, Sika’s offerings is quite similar to that of KVK, which will allow the combined entity to offer a wide range solutions for the construction industry. Moreover, Sika is likely to leverage KVK’s solid relationship with top builders and construction merchants. KVK is currently a market leader in Czech, with an impressive geographical presence and product portfolio that is expected to improve Sika’s market penetration as well as complement its growth strategies. At the same time, the transaction also allow Sika to gain greater expertise in waterproofing solution offering.
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Waterproofing Membrane an Attractive Segment
In recent years, global sales of waterproofing membrane have surges exponentially owing to a slew of benefits of the product. Firstly, waterproofing membrane are energy efficient, companies are introducing membrane solution that help in controlling condensation and support a healthy environment. Secondly, the product is cost-effective and highly durable, making it one of the most preferred waterproofing solution. Such factors have been instrumental in expanding the application of waterproofing membrane in building and roofing.
Meanwhile, robust infrastructural development in Asian countries such as China and India is also reflecting favorably on the sales of waterproofing membrane. Factors such as increasing residential constructions and rapid urbanization in South America and Asia Pacific are creating a strong need for efficient water management systems, which in turn unveiling lucrative market opportunities.
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