- Companies in waterproofing membranes market are increasing the availability of bitumen-polymer membranes for waterproofing applications, especially for big surfaces; the segment to generate output of ~2.4 Bn square meters
- Roofing and walls to generate the highest revenue in global waterproofing membranes market, segment to reach worth of ~US$ 15 billion by the end of 2027
Transparency Market Research, New York: The growing demand for heavy-duty waterproofing applications particularly for geometrically complex roofs and walls has propelled prospects in the waterproofing membranes market. This has led to the advent of high-performance polymer-modified cementitious membranes to meet the needs of infrastructure developments.
Analysts at TMR opine that highly-resistant liquid waterproofing products are expected to gather traction for waterproofing against extreme weather conditions in coming years. Industry player should focus on offering innovative adhesive polymer bitumen membranes in special cases.
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The global waterproofing membranes market was valued at ~US$ 19 Bn in 2018, and is projected to clock a CAGR of ~7% during 2019 – 2027. By 2027-end, the market is expected to reach worth of ~US$ 35 Bn.
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Key Findings of Waterproofing Membranes Market Report
- Among the various product type, liquid-applied membranes was a highly attractive segment in 2018
- The above segment is expected to retain its lucrativeness during 2019 – 2027
- Among all applications, roofing and walls are expected to contribute the major revenue share in the global market
- The aforementioned segment is expected to reach ~US$ 15 Bn by 2027-end
- Regionally Europe is a prominent market and held the leading share in 2018
- The opportunities in the North America market are to expand at a steady pace during 2019 – 2027
- Among the various materials, bitumen held the major share in waterproofing membranes market
- Bitumen is anticipated to generate an output of ~2.4 Bn square meters in the waterproofing membranes market by the end of 2027
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Waterproofing Membranes Market: Key Driving Factors and Promising Avenues
- Waterproofing membranes market are a crucial materials in commercial, residential, and industrial constructions and are increasingly being utilized in builders and engineers for creating impermeable waterproof barriers.
- The focus of architects on increasing the shelf life of roofs and terraces is driving the demand for highly-resistant liquid waterproofing products. Liquid-applied membranes open the option of advanced methods of application.
- The market has attracted massive revenues in use of high-performance bitumen-polymer membranes for waterproofing large civil and industrial surfaces.
- Lucrative avenues emerge from the demand for heavy-duty liquid-applied cementitious membranes in the construction sector. Strides being made by building and construction in developing and developed world are boosting the market.
- The increasing trend of adopting green roofs has opened new avenues in the waterproofing membranes market.
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Waterproofing Membranes Market: Regional Landscape
Striking rise in urbanization in the developing regions of the world is a key trend that has spurred the uptake of waterproofing membranes in range of architectural structures. Regions at the forefront are Asia Pacific, Latin America, and the Middle East.
Strides in the construction of the public structures such as bridges and dams have been promising in Europe, thereby making the regional market increasingly lucrative over the years. Germany has contributed the leading share in the regional market. Substantial uptake of various products in residential constructions has boosted the growth of the Europe waterproofing membranes market.
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The Waterproofing Membranes Market can be segmented as follows:
Waterproofing Membranes Market by Material
- Bitumen
- Thermoplastic Olefin (TPO)
- Polyvinyl Chloride (PVC)
- Ethylene Propylene Diene Monomer (EPDM)
- Others (including Ethylene Vinyl Acetate [EVA], High-density Polyethylene [HDPE], and Low-density Polyethylene [LDPE])
Waterproofing Membranes Market by Type
- Liquid-applied Membranes
- Sheet-based Membranes
Waterproofing Membranes Market by Application
- Roofing & Walls
- Building Structures
- Water & Waste Management
- Landfills & Tunnel Liners
- Others (including Bridges & Highways and Marine)
Waterproofing Membranes Market by Region
- North America
- S.
- Canada
- Europe
- Germany
- France
- K.
- Italy
- Spain
- Russia & CIS
- Netherland
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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