Waterproof Membrane Market to Hit USD 42.85
PUNE, India, February 14, 2023 (GLOBE NEWSWIRE) — Loud Fortune Business Insights™The size of the global waterproof membrane market will gain momentum with the increasing investment by well-known companies in the development of environmentally friendly products for green buildings, as traditional membranes can harm the environment by releasing toxic chemicals.
The report further states that the market was valued at $27.17 billion in 2020. It is forecast to grow from US$28.05 billion in 2021 to US$42.85 billion in 2028 at a CAGR of 6.2% over the forecast period. Waterproofing membranes are materials used to prevent water from entering a building or structure. The market for waterproofing membranes is growing due to the increasing demand for reliable and durable solutions for waterproofing buildings and structures, especially in the construction industry.
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Main features in this report:
- In-depth market study of waterproof membranes market
- Changing competitive landscape in the industry
- Detailed competition categorization
- Historical, current and forecast market size in quantity and value
- Current industry trends and developments
- Waterproof membranes market competitive landscape Strategies and product portfolio of major players
- Promising growth segments/regions a neutral perspective on performance.
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2021-2028 |
| Forecast CAGR | 6.2% |
| Value prognosis 2028 | $42.85 billion |
| base year | 2020 |
| Market size of geomembranes in 2020 | $27.17 billion |
| Historical data | 2017-2019 |
| number of pages | 160 |
| Covered Segments | By application and regionally |
| Waterproof Membrane Market Growth Drivers | Environmental and health hazards associated with membranes pose a threat to the market |
| Awareness of green roofs is an important trend |
segments
liquid applied Segment led in 2020, backed by cost effectiveness and ease of installation
Depending on the type, the market is divided into sheet-based and liquid-applied. Among them, the liquid applied segment generated the largest waterproofing membrane market share in 2020. This growth is due to increasing global demand for water conservation and water treatment infrastructure. Also, this type is inexpensive and easy to install.
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report coverage-
The report aims to analyze the market considering the contributions, prospects and trends. It offers detailed profiles of all the major companies operating in the industry to analyze their core competencies in each segment. Apart from that, it helps our clients to better understand the competitive developments such as collaborations, new product launches, partnerships, mergers, joint ventures and acquisitions. In terms of end users, the waterproofing membrane market can be segmented into residential, commercial and industrial. The residential segment is expected to be the largest due to increased construction of new homes and renovation of existing homes.
Driver & Restraints-
Increase government investment in infrastructure projects to boost growth
Factors driving the growth of waterproof membrane market include increasing urbanization and need for better infrastructure, growing demand for energy efficient buildings and increasing use of green building materials. The growing demand for eco-friendly, high-performance waterproofing solutions is also expected to drive the market growth.
However, certain products contain numerous harmful chemicals that, if exposed, can lead to respiratory problems such as bronchitis and lung trauma. It can stunt growth.
Regional Insights-
Asia Pacific was $10.56 billion in 2020: Fortune Business Insights™
In 2020, Asia Pacific generated revenue of $10.56 billion. In India and China, increasing infrastructure development activities and rapid industrialization would support regional growth. In North America, increasing investment in the automotive, construction, infrastructure and healthcare sectors will drive demand for waterproof membranes. Europe is expected to see significant growth due to increasing housing and housing construction in the region.
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https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393
Detailed table of contents:
- introduction
- research area
- market segmentation
- research methodology
- Definitions and Assumptions
- Summary
- market dynamics
- market leader
- Market Restrictions
- market opportunities
- Important Findings
- Major market trends in the world market
- Key developments: mergers, acquisitions, partnerships, etc. .
- Latest technological advance
- Insights into the regulatory scenario
- Porter’s Five Forces Analysis
- Qualitative insights Impact of COVID 19 on the global waterproof membrane market
- Supply chain challenges
- Steps taken by governments/corporations to overcome these impacts
- Potential opportunities due to the COVID-19 outbreak
- Global Waterproof Membrane Market Analysis, Insights and Forecasts, 2017-2028
- Key Findings / Summary
- Market size estimates and forecasts
- By type (value)
- liquid applied
- sheet based
- By Application (value)
- canopy
- walls
- building structures
- Landfill & Tunnels
- Other
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By type (value)
competitive landscape-
Major players focus on capacity expansions and acquisitions to gain competitive advantage
Geographically, the waterproof membranes market is segmented into North America, Europe, Asia Pacific and the rest of the world. Asia-Pacific is expected to be the largest market, driven by the growing construction industry in countries like China, India and Southeast Asian countries.
- March 2020: Sika has set up a new production facility in Switzerland for the manufacture of SikaProof® waterproofing membranes for buildings. It would help the company provide better services to the growing market and increase its manufacturing efficiency.
- May 2018: GCP Applied Technologies Inc. acquired RIW Limited, a UK-based supplier of waterproofing products. The total transaction was valued at US$30 million. It would help GCP add their solutions to their portfolio.
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