Report Title: “Global Waterproofing Membranes Market – Segmented by Type, Raw Materials, Application, and Geography – Growth, Trends and Forecasts (2018 – 2023)”
Global “Waterproofing Membranes Market” (2018 – 2023) Report Provides Overall study of Approximate CAGR, Leading Manufacturers, Key Development, Market Dynamics and SWOT analysis for Key Players. The Waterproofing Membranes market is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023)
Waterproofing Membranes Market Report Covers Leading Manufacturers: BASF SE, Carlisle Companies Inc., Chryso SAS, Derbigum Manufacturing (Pty) Ltd, The Dow Chemical Company, Firestone Building Products, Fosroc International Limited, GAF Materials Corporation, GSE Environmental, IKO Industries Ltd, Johns Manville, Juta A.S., Pidilite Industries Limited, Renolit SE, Schluter-Systems Ltd., Sika AG, Solmax International Inc., Soprema Group
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The global waterproofing membrane market was estimated at USD 19.31 billion in 2017, and it is projected to reach USD 25.13 billion in 2023. These membranes consist of waterproof plastic, rubber, or coated, or smart fabric materials. The materials are used in a system to prevent the ingress of water into foundations, roofs, walls, basements, buildings, and structures, when properly installed. Waterproofing membranes have been extensively employed for waterproofing solutions in various industries, as they are lightweight, cost-efficient, durable, and environmentally sustainable.
In the report, the following major applications have been taken into consideration: roofing and walls, water and waste management, building structures, tunnel liners, and bridges and highways. Among these, roofing and walls is the largest application, and it is also expected to witness the highest growth over the forecast period.
Based on type, waterproofing membranes are commercially available in the form of cold-liquid applied membranes, hot liquid applied membranes, fully adhered sheets, and loose laid sheets. Waterproofing membranes can be broadly segmented, based on the raw material used, into modified bitumen, PVC, TPO, EPDM, HDPE, and LDPE, amongst others.
Increase in Residential Construction
According to data from the US Census Bureau, total construction spending increased 6.5% from the previous year in 2017. Construction spending totaled a value worth USD 917.0 billion through the first nine months of 2017, a 4.3% increase over the same period in 2016. Construction activities are expected to remain strong throughout 2018. With the increase in construction activities, the implementation of water proofing membranes is expected to increase, and hence, drive the market. Increasing demand from developing nations further pushes the market for waterproofing membranes in different potential applications, including roofing and water management applications.
Growing Demand for Bituminous Waterproofing Membranes in India
Population growth, rapid urbanization, and government incentives have compelled a large number of infrastructure companies and builders to invest in this sector. This has led to a construction boom in India. With increased end-user awareness of preventive waterproofing and stringent quality mandates from the government, waterproofing solutions in India are likely to witness a period of aggressive growth over the next few years. Increased consumer awareness, R&D initiatives, and strong channel relations are expected to ensure growth in the country.
Asia-Pacific to Dominate Market Growth
Asia-Pacific is anticipated to be the fastest-growing market for waterproofing membranes, in terms of both value and volume, during the forecast period. China and India are the two main markets for waterproofing membranes in Asia-Pacific. The Chinese building & construction industry has the largest share in Asia-Pacific, which resulted in an increased growth of the waterproofing membranes market. In addition, under building & construction industry, relatively high growth was observed in 2017, in the commercial building & construction segment as well as high-end real estate. In addition, introduction of energy saving policies is also expected to drive the demand for waterproofing membranes in both China and India.
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Reasons to Purchase Waterproofing Membranes Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months analyst support along with the Market Estimate sheet (in excel).
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