IMARC Group, a leading market research company, has recently releases report titled “Waterproofing Membranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global waterproofing membranes market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Waterproofing Membranes Market
Waterproofing membranes are specialized materials used in construction and building maintenance to prevent water penetration into structures. They are made from synthetic materials, such as modified bitumen, polyvinyl chloride (PVC), ethylene propylene diene monomer (EPDM), and thermoplastic polyolefin (TPO). They are designed to create a barrier against water and moisture, which protects the underlying surfaces from damage caused by leaks, dampness, or hydrostatic pressure. They ensure long-lasting protection against water ingress, which can lead to structural deterioration, mold growth, and other costly issues. They are available in various forms, including sheets, rolls, or liquid coatings.
How Big Is the Waterproofing Membranes Market?
The global waterproofing membranes market size reached US$ 25.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 37.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Global Industry Trends and Drivers:
The increasing construction activities of buildings, roads, bridges, and tunnels represent one of the primary factors driving the demand for waterproofing membranes to protect structures from water damage around the world. Moreover, the rising remodeling and upgradation projects in commercial areas, such as airports, shopping malls, hypermarkets, grocery stores, offices, cafes, hotels, and restaurants, are favoring the growth of the market. In addition, the growing adoption of waterproofing membranes in water treatment plants due to the increasing concerns about water infiltration and leakage is influencing the market positively. Besides this, the rising need to maintain and protect aging infrastructure is catalyzing the demand for waterproofing membranes worldwide.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product:
- Liquid Applied Membranes
- Cementitious
- Bituminous
- Polyurethane
- Acrylic
- Other
- Sheet Membranes
- Bituminous
- Polyvinyl Chloride (PVC)
- Ethylene Propylene Diene Monomer (EPDM)
- Other
Breakup by Usage:
- Refurbishment
- New Construction
Breakup by Application:
- Roofing and Walls
- Water and Waste Management
- Building Structures
- Tunnel Liners
- Bridges and Highways
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
BASF SE, Carlisle Companies Incorporated, Dow Inc., Firestone Building Products (Holcim Group), Fosroc Inc. (JMH Group), GAF Materials Corporation (Standard Industries), GCP Applied Technologies (W. R. Grace and Company), Johns Manville (Berkshire Hathaway Inc.), Mapei S.p.A, Paul Bauder GmbH Co. KG, Renolit SE (JM Holding GmbH Co. KGaA), Sika AG and Soprema S.A.S.