Waterproofing Membranes Market to Witness Major Traction due to Increasing Awareness of Waterproofing Benefits and Stringent Building Regulations
Market Scope & Overview
As per the SNS Insider report, the waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period from 2023 to 2030. This growth is projected to drive the market value from USD 37.66 billion in 2022 to USD 60.48 billion by the year 2030.
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The Major Key Company Profiles included in Waterproofing Membrane market study are:
• Carlisle Companies, Inc.
• Chryso SAS
• Copernit S.P.A.
• Derbigum Americas Inc.
• DowDuPont, Inc.
• Firestone Building Products Company
• Flex Roofing Systems
• Fosroc International Ltd.
• GAF
• GCP Applied Technologies, Inc.
• GSE Environmental, Inc.
• IKO Industries Ltd.
• Isomat S.A.
• Johns Manville Corporation
• Juta AS
• LATICRETE International, Inc.
• Mapei S.p.A.
• Paul Bauder GmbH & Co. KG
• RENOLIT SE
• Schluter-Systems Ltd.
• Sika AG
• Solmax International, Inc.
• Soprema Group.
Waterproofing membrane is a vital material used in construction and civil engineering to protect structures and surfaces from water infiltration. It is a specialized barrier designed to prevent the passage of water, ensuring that buildings, basements, roofs, foundations, and other vulnerable areas remain dry and structurally sound.
Market Analysis
Environmental consciousness has been steadily increasing, leading to a shift in construction practices towards sustainable and eco-friendly solutions. Waterproofing membranes that are manufactured using recyclable materials and have minimal impact on the environment are gaining traction among environmentally conscious consumers. Manufacturers are investing in research and development to create greener alternatives, further driving waterproofing membranes market growth.
Impact of Recession
The waterproofing membranes market is not immune to the impact of a recession, facing challenges like reduced demand, delayed infrastructure projects, and pricing pressure. However, these difficult times can also be viewed as opportunities for growth and transformation. Innovation, product development, and a focus on renovation and maintenance can help companies weather the storm and emerge stronger once economic conditions improve.
Segmentation Analysis
The waterproofing membranes market is poised for continued growth, with the Fully Adhered Sheets and Roofing & Walls segments leading the way. As construction activities intensify globally and the need for sustainable and long-lasting infrastructure increases, these segments are likely to maintain their dominance. For stakeholders in the construction industry, embracing advanced waterproofing solutions will be key to ensuring the integrity and longevity of structures while contributing to the overall sustainability of the built environment.
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The Waterproofing Membrane Market Segments and Sub-Segments are Listed
Below:
By Product
• Liquid-applied Membranes
• Fully Adhered Sheets
• Laid Sheets
• Others
By Raw Material
• Modified Bitumen
• Poly Vinyl Chloride
• Acrylic
• Polyurethane
• Others By Application
• Roofing & Walls
• Water Management
• Tunnel Liners
• Bridges
• Others
By End-User
• Residential
• Industrial
• Infrastructural
• Others
Regional Status & Analysis
The Asia Pacific waterproofing membranes market is experiencing substantial growth, driven by factors such as urbanization, rising awareness of infrastructure resilience, and sustainable building practices. Technological advancements, coupled with a focus on eco-friendly solutions, have propelled the industry forward. As waterproofing membranes continue to play a crucial role in ensuring the longevity and resilience of structures, it is evident that the market's trajectory remains positive, offering immense opportunities for stakeholders in the region.
Conclusion
The market is poised for a promising future, driven by urbanization, infrastructure development, and the growing focus on sustainable construction practices. Technological advancements and innovative product offerings are reshaping the industry, presenting numerous opportunities for manufacturers and suppliers. With increasing environmental awareness and the expansion of construction activities in emerging economies, the market's growth prospects are bright.
Frequently Asked Questions/ Key Reasons to Purchase this Report
>What is the projected outlook for waterproofing membranes market growth?
Ans- The market is projected to exceed USD 60.48 billion by the year 2030.
>What are the major factors influencing the waterproofing membranes market?
Ans- As the demand for durable, efficient, and eco-friendly waterproofing solutions rises, companies must continue to invest in research and development to stay competitive and meet the evolving needs of the industry and consumers.
>Who are the leading players in the waterproofing membranes market?
Ans- Carlisle Companies, Inc., Flex Roofing Systems, Fosroc International Ltd., GSE Environmental, Inc., IKO Industries Ltd., Mapei S.p.A., Paul Bauder GmbH & Co. KG.
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Table of Contents – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Waterproofing Membranes Market Segmentation, By Product
9. Global Waterproofing Membranes Market Segmentation, By Raw Material
10. Global Waterproofing Membranes Market Segmentation, By Application
11. Global Waterproofing Membranes Market Segmentation, By End-User
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion About US:
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