Pune, India, Feb. 14, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights™, the global waterproofing membrane market size is set to gain momentum from the increasing investments by renowned companies in the development of eco-friendly products for green buildings, as conventional membranes can cause harm to the environment by releasing toxic chemicals.
The report further states that the market stood at USD 27.17 billion in 2020. It is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028 at a CAGR of 6.2% during the forecast period. Waterproofing membranes are materials used to prevent the passage of water into a building or structure. The waterproofing membranes market is growing due to the increasing demand for reliable and durable solutions for waterproofing buildings and structures, particularly in the construction industry.
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Most Important Features in this Report:
- Detailed market study of the waterproofing membrane market
- Changing industry competitive landscape
- Detailed competitive categorization
- Historical, current, and forecast market size in quantity and value
- Recent industry trends and developments
- The waterproofing membrane market's Competitive Landscape Key Players' Strategies and Product Portfolio
- Segments/Regions Showing Promising Growth a Neutral Perspective on the Performance.
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast CAGR | 6.2% |
| 2028 Value Projection | USD 42.85 Billion |
| Base Year | 2020 |
| waterproofing membrane Market Size in 2020 | USD 27.17 billion |
| Historical Data | 2017-2019 |
| No. of Pages | 160 |
| Segments Covered | By Application and Regional |
| Waterproofing membrane Market Growth Drivers | Environmental and Health Hazards Associated with Membranes to Pose a Threat to the Market |
| Increasing Awareness about Green Roofs is a Vital Trend |
Segments-
Liquid Applied Segment Led in 2020 Backed by Cost-effectiveness and Easy Installation
Based on type, the market is bifurcated into sheet-based and liquid applied. Amongst them, the liquid-applied segment generated the largest waterproofing membrane market share in 2020. This growth is attributable to the surging demand for water conservation and water treatment infrastructures worldwide. Also, this type is cost-effective and can be easily installed.
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Report Coverage-
The report aims to analyze the market by considering contributions, prospects, and trends. It offers detailed profiles of every key company operating in the industry to analyze their core competencies in each segment. Apart from that, it ensures to help our clients better understand the competitive developments, such as collaborations, new product launches, partnerships, mergers, joint ventures, and acquisitions. In terms of end-user, the waterproofing membranes market can be segmented into residential, commercial, and industrial. The residential segment is expected to be the largest due to the increasing construction of new homes and the renovation of existing homes.
Drivers & Restraints-
Increasing Government Investments in Infrastructure Projects to Boost Growth
Factors driving the growth of the waterproofing membranes market include increasing urbanization and the need for better infrastructure, growing demand for energy-efficient buildings, and the increasing use of green building materials. The growing demand for high-performance waterproofing solutions that are environmentally friendly is also expected to drive market growth.
However, certain products contain numerous harmful chemicals that can result in respiratory issues, such as bronchitis and lung trauma if exposed. It may hinder growth.
Regional Insights-
Asia Pacific Stood at USD 10.56 Billion in 2020: Fortune Business Insights™
In 2020, Asia Pacific generated USD 10.56 billion in terms of revenue. In India and China, the rising infrastructure development activities and rapid industrialization would aid regional growth. In North America, surging investments in the automotive, construction & infrastructure, and healthcare industries are set to spur the demand for waterproofing membranes. Europe is estimated to showcase considerable growth because of the increasing construction of apartments and residential housing in the region.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Market Trends in the Global Market
- Key Developments: Mergers, Acquisition, Partnership, etc. .
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights Impact of COVID 19 on Global Waterproofing Membrane Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Waterproofing Membrane Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Value)
- Liquid Applied
- Sheet Based
- By Application (Value)
- Roofing
- Walls
- Building Structures
- Landfill & Tunnels
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Type (Value)
- TOC Continued…!
Competitive Landscape-
Key Players Focus on Capacity Expansions and Acquisitions to Gain Competitive Edge
Geographically, the waterproofing 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 such as China, India, and Southeast Asian nations.
- March 2020: Sika developed a new production facility in Switzerland for the manufacturing of SikaProof® structural waterproofing membrane. It would help the company to provide better services to the growing market and bolster its manufacturing efficiency.
- May 2018: GCP Applied Technologies Inc. acquired R.I.W. Limited, a supplier of waterproofing products based in the U.K. The total deal was worth USD 30 million. It would help GCP in adding the latter's solutions to its portfolio.
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