Waterproofing membrane market size worth $9.5 billion by 2022: Global Market Insights, Inc. Waterproofing membrane market size is expected to reach 3.23 billion square meters by 2022, growing at a CAGR of 6.6% from 2015 to 2022.Surge for durable and good quality construction material is projected to drive this market in the near future. Waterproofing membranes are used in various applications such as building structures, roofing & walls, bridges, highways waste & water management owing to their durability, low installation cost and labor requirements, lightweight nature, environmental resistance properties. Depending on the type, the market can be broadly segmented into TPO, modified bitumen, EPDM, PVC, LDPE, HDPE, among others.
The global waterproofing membrane industry is characterized by presence of integration of raw material supply and membrane manufacturing steps. Companies operating in this market include Dow Chemicals, BASF, Pidilite, Sika AG and DuPont. Other prominent companies include GAF Materials Corporation, CICO Technologies Ltd, Kemper System America, Inc and Paul Bauder GmbH & Co. KG. The roofing application segment of this market has a wide span for development and is likely to further the consumption of membranes, globally. Surge in demand from developing countries drives this market in manifold potential applications.
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