The Report Waterproofing Membranes Market Size, Share & Trends Analysis Report
By Application (Liquid Applied [Cementitious, Bituminous], Sheet [PVC, EPDM]),
By End Use (Roofing, Building Structure), And Segment Forecasts, 2019 - 2025
The global waterproofing membranes market size
is projected to be valued at USD 37.55 billion by 2025, according to a new
report by Grand View Research. Inc. It is anticipated to register a CAGR of
8.3% during the forecast period. Rising demand for highly durable and good
quality construction materials is likely to fuel the growth.
Uneven distribution of
water precipitation both seasonally and geographically has increased the need
for water conservation which is expected to augment the market growth over the
next seven years. Continuous R&D by several key manufacturers has led to
the development of new products that offer advantages such as high surface
protection and low cost.
Growing urbanization and
industrialization coupled with increasing infrastructural expenditure
especially in the emerging economies including India, China, and Brazil is
likely to spur the waterproofing membranes market over the forecast period.
Moreover, several governments have taken efforts to lower the prices of natural
polymers, which is expected to fuel the utilization of environmentally-friendly
products.
Access Research Report of Waterproofing
Membranes Market @ https://www.grandviewresearch.com/industry-analysis/global-waterproofing-membranes-market
Further key findings from the report suggest:
· Liquid applied membranes is likely to
exhibit a CAGR of 8.8% from 2019 to 2025 owing to cost efficiency and high
water resistance of the product compared to sheet membranes
· Polyurethane liquid applied membranes is
expected to exhibit the highest CAGR on account of enhanced properties of the
product such as durability, versatility, excellent strength-to-weight ratio,
and enhanced insulation properties
· PVC sheet membranes held a 6.4% share of
the global waterproofing membranes market in 2018
· Building structure is expected to be one of
the major applications on account of increasing residential constructions as
well as advancements in existing infrastructure
· Rising concerns regarding pollution
particularly in North America and Europe is expected to increase the demand for
bio based products in the forthcoming years
· In August 2018, Sika AG expanded its
presence in UAE by opening a new factory in Dubai for the production of high
performance concrete admixtures
· In January 2018, Pidilite Industries
announced the acquisition of a majority stake in CIPY Polyurethanes Pvt. Ltd.
Grand View Research has
segmented the global waterproofing membranes market on the basis of
application, end use, and region:
Waterproofing Membranes Application Outlook (Volume,
Million Square Meters; Revenue, USD Million, 2015 - 2025)
·
Liquid Applied Membranes
·
Sheet Membranes
Waterproofing Membranes End Use Outlook (Volume,
Million Square Meters; Revenue, USD Million, 2015 - 2025)
·
Roofing
·
Walls
·
Building Structure
·
Tunnels & Landfills
·
Others
Waterproofing Membranes Regional Outlook (Volume, Million
Square Meters; Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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