Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the waterproofing membranes market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
waterproofing membranes market. The study also highlights the impact of
drivers, restraints, and macro indicators on the global and regional
waterproofing membranes market over the short term as well as the long term. The
report is a comprehensive presentation of trends, forecasts and dollar values of the global waterproofing membranes market. According to the report, the global
waterproofing membranes market is projected to grow at a CAGR of nearly 8% over
the forecast period of 2022-2028.
The global waterproofing membranes market was valued at over USD 23 billion in 2022 and is expected to reach over
USD 35 billion in 2028, with a CAGR of nearly 8% during the forecast period. A
waterproofing membrane is a thin coating of material utilized to prevent
corrosion and abrasion from water contacting another material that it is placed
over. Waterproofing membranes in an adhesive are basically laid on the surface
of the material required to protect. Increasing utilization of waterproofing
membranes for covering concrete to prevent contact with water to increase the
structural integrity of the concrete. It is also coated on products that are
used underwater where corrosion is a preliminary problem. Waterproofing
membranes are highly used for coating roofs to make them more durable and
strong for commercial or residential buildings.
Infrastructural developments,
urbanization, and economic growth will drive the growth of the market during
the forecast period. Development of infrastructure is the path to transforming
middle and low-income economies into developing ones. Continued development in
developed economies and rapid urbanization in developing economies are the
major growth factors for spending on infrastructure. Increasing infrastructure
spending directly increases huge demand for public and private sector
infrastructural developments. It includes electricity grids, water supply, and
treatment plants, power stations, airports, roads, bridges, telecommunications
networks, hospitals, railways, and schools. The construction sector needs
high-performance waterproofing membranes that are lightweight, durable,
high-performance, and have high abrasion ability. This factor has subsequently
driven and will continue market growth during the forecast period. Furthermore,
developing eco-friendly waterproofing chemicals will create an opportunity for
the market. Increasing the development of green roofs will support the growth
of the market. However, the waterproofing membrane may cause leakages and can
crack because of climatic changes. They may be hardened during wintertime and
may get dispersed during summer time which leads to cracks. These factors hamper
the growth of the market during the forecast period.
The lockdown in various economies
and trade restrictions have negatively affected the construction industry.
Limited availability of components, workforce unavailability, Supply chain
disruptions, demand drop, logistical restrictions, the shutdown of
manufacturing, and low company liquidity because of the lockdown in several
economies decreased the demand for the waterproofing membrane. These factors
also forced several businesses to re-evaluate their strategies to cater to this
industry during the covid-19 pandemic within the forecast period. The covid-19
epidemic had a remarkable effect on the growth of the market due to the rapid
decrease in the development of infrastructure by the government and the
renovation of residential and commercial buildings. Due to these factors, the
growth of the market was restrained during the forecast period.
Based on the region, the worldwide
waterproofing membranes market is segmented into the Asia Pacific, North
America, Europe, and also the Middle East & Africa. North America also
holds a big share of the waterproofing membranes market. Increasing demand for
water wastewater and conservation treatment infrastructure in Canada and U.S.
will propel the market growth in the North American region. The U.S. Congress
will invest $55 billion to expand access to clean drinking water for schools,
households, child care centers, and businesses across the country. Furthermore,
the increasing presence of market players will drive regional growth.
Furthermore, the Asia Pacific region is predicted to be the fastest-growing
region in the market. The strong economic growth and increasing consumer
spending on structural safety within the Asia Pacific region propel the growth
of the region.
The report on the global waterproofing
membranes market covers segments such as form, type, and application. On the
basis of form, the sub-markets include sheet based membrane, and liquid applied
membrane. On the basis of type, the sub-markets include TPO, PVC, LDPE,
modified bitumen, EPDM, and HDPE. On the basis of application, the sub-markets
include building structures, roofing, landfills & tunnels, walls, and
others.
The report provides profiles of
the companies in the market such as Pidilite Industries Ltd., Johns Manville,
DuPont, Fosroc Ltd., Maris Polymers, Bayer Material Science AG., Sika AG, Paul
Bauder GmbH & Co. KG, Dow Chemical Company, and BASF SE.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the waterproofing membranes market. Moreover, the study highlights
current market trends and provides forecasts from 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings insight into the market share of the leading players.
Please Choose One of them.