January 22, 2020
According to the research report titled ‘Waterproofing Membrane Market Size By Application (Sheet Membranes, Liquid Applied Membranes), By End-Use (Building Structures, Roofing, Walls, Landfills & Tunnels), By Product (Polymers [PVC, TPO, EPDM, Polyurethane], Polymer Modified Cement, Bitumen [SBS, APP]), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026’, available at MarketStudyReport.com, the global waterproofing membrane market is expected to surpass USD 14 billion by the year 2026.
Escalating government investment towards development of infrastructure coupled with flourishing construction sector are major factors driving the waterproofing membrane market growth. Increasing awareness pertaining to advantages of waterproofing membrane are also aiding the market expansion. Growing demand for wastewater treatment and management activities owing to growing manufacturing sector are stimulating the industry outlook.
As per product type, polymers modified cement waterproofing membrane market segment is presumed to expand significantly during the forecast period. Polymer modified cement offers high resistance to long-term wear, high permeability to water vapor, scratch resistance, and high load-bearing capacity, thereby fueling the demand for the product across the globe.
On the other hand, bitumen waterproofing membrane is poised to amass commendable gains in the ensuing years. Factors such as improved flexibility, high fire ratings, strong reinforcement, homogeneity, speedy application, and safe installation will boost the product demand. Moreover, bitumen waterproofing membrane are extensively used in waterproofing roofs, bridges, and basements.
As per the regional analysis, North America waterproofing membrane industry is presumed to expand significantly during the estimated timeframe. Rapid expansion of power and oil & gas industries is facilitating the business scenario in North America.
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On the other hand, Asia-Pacific will emerge to be a lucrative growth avenue for waterproofing membrane market. Rapid urbanization, escalating disposable income, and surging investments in infrastructural development will drive the product demand across Asia-Pacific region. Meanwhile, Latin America waterproofing membrane market is projected to witness growth due to growing demand for industrial infrastructural development and renovation activities of existing buildings.
Sika AG, Pidilite Industries Ltd., Fosroc Ltd., Dow Chemical Co., Covestro (Bayer AG), BASF SE, Inter Aneka Lestari Kimia, PT, Uniseal, MAaris Polymer, Dyflex HD Co. Ltd., KCC Corporation, Samhwa Paints Industrial Co. Ltd., Kangnam Chemical Co. Pvt. Ltd., Oriental Yuhong, Pentens Ind. Corp., Polymer Technologies Pte. Ltd., Fair Mate, Tremco Inc., EP Borneo Sdn Bhd., Asia Mortar and Carlisle Companies Inc. are the prominent companies operating in the waterproofing membrane market.
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