[Latest] Global Waterproofing Membrane Market Size/Share

April 24, 2024 12:30 ET | Source: Custom Market Insights Custom Market Insights

Austin, TX, USA, April 24, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Waterproofing Membrane Market Size, Trends and Insights By Material (Modified Bitumen, PVC, TPO, EPDM, HDPE, LDPE), By Type (Liquid Applied Membranes, Sheet Based Membranes), By Application (Roofing & Walls, Building Structures, Waste & Water Management, Tunnel Liners, Bridges & Highways), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database. Reinforce Pvc Roll

“According to the latest research study, the demand of global Waterproofing Membrane Market size & share was valued at approximately USD 25.3 Billion in 2023 and is expected to reach USD 26.5 Billion in 2024 and is expected to reach a value of around USD 49.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 8.5% during the forecast period 2024 to 2033.”

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Waterproofing membranes are building materials that prevent water from entering buildings. They are applied to surfaces that include roofs, foundations, walls, and floors to form a waterproof barrier that protects against water penetration, avoiding damage to the structure and its contents.

There is a rising global need for environmentally friendly membranes constructed from recycled materials or that use energy from renewable sources in manufacturing processes, in line with sustainability efforts and legislation.

Increase in the use of novel membranes with nanotechnology, self-healing characteristics, and increased durability to endure harsh weather conditions and extend service life. In addition, digitization and the Internet of Things (IoT) are transforming the waterproofing business by incorporating smart sensors for continuous evaluation of membrane performance and predictive maintenance.

Furthermore, rising urbanization and infrastructure development in emerging nations increase demand for high-performance waterproofing systems, notably in residential, commercial, and infrastructure projects. The water-resistant membranes industry is developing sustainable, technologically sophisticated solutions to fulfil rising worldwide demand while minimizing environmental impact.

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By material, the modified bitumen segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Modified bitumen dominates the waterproofing membranes industry owing to its strength, adaptability, and ease of installation. Its ability to endure a variety of environmental conditions makes it an excellent choice for waterproofing purposes.

By type, liquid applied membranes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Liquid applied membranes dominate the waterproofing membranes market due to their adaptability, simplicity of application, seamless covering, and ability to conform to complicated surfaces, providing good protection against water penetration in a variety of building projects.

By application, the roofing & walls segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The waterproofing membranes market is driven by roofs and walls, which are crucial for protecting buildings from water damage, assuring structural integrity and lifespan, and preserving indoor comfort and safety.

Asia-Pacific dominates the waterproofing membranes market owing to fast urbanisation, high rainfall, infrastructure developments, and growing awareness of the necessity of waterproofing, making it a key growth market.

Alchimica Building Chemicals is a major building chemicals business that has been producing world-class waterproofing solutions for the construction sector for over 40 years. The company offers breakthrough Polyurethane and Poly Urea-based technologies for infrastructure and building construction, created via inventive R&D.

(A free sample of the Waterproofing Membrane report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

(Please note that the sample of the Waterproofing Membrane report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Waterproofing Membranes market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Waterproofing Membranes industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

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Waterproofing Membrane Market: Regional Insight

By region, Waterproofing Membranes market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Waterproofing membrane market in 2023 with a market share of 49% and is expected to keep its dominance during the forecast period 2024-2033.

Countries such as India, China, and Southeast Asian nations are driving demand for waterproofing solutions in development projects to safeguard infrastructure from water damage. Furthermore, the region’s tropical environment and susceptibility to excessive rains highlight the need for appropriate waterproofing materials in buildings, roadways, and civil engineering projects.

Furthermore, the advancement of infrastructure efforts such as China’s Belt and Road Initiative and India’s Smart Cities Mission drive market growth by encouraging investment in building projects requiring waterproofing solutions. In addition, innovations in construction technology and increased awareness of the necessity of waterproofing in sustainable building practices help to drive market growth.

In general, Asia-Pacific’s rising construction industry, weather patterns, infrastructure initiatives, and technical improvements all contribute to the demand for waterproofing membranes, confirming the region’s major position in the worldwide market.

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Browse the full “Waterproofing Membrane Market Size, Trends and Insights By Material (Modified Bitumen, PVC, TPO, EPDM, HDPE, LDPE), By Type (Liquid Applied Membranes, Sheet Based Membranes), By Application (Roofing & Walls, Building Structures, Waste & Water Management, Tunnel Liners, Bridges & Highways), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/waterproofing-membrane-market/

List of the prominent players in the Waterproofing Membranes Market:

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

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The Waterproofing Membranes Market is segmented as follows:

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The Middle East & Africa

This Waterproofing Membrane Market Research/Analysis Report Contains Answers to the following Questions.

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