The expansion of the global construction industry is one of the chief rivers of the overall waterproofing membranes market. The growth of the construction sector undeniably, is being aided by extensive urbanization in the developing nations and the renovations and remodeling of existing structures in the developed nations. As per estimates, waterproofing membrane market size is anticipated to exceed $10.5 billion by 2024.
What factors would emerge as the chief motivators for the growth of the waterproofing membrane market?
The use of durable materials in building construction, especially due to worsening weather conditions will act a major boosting factor for the waterproofing membrane market growth. The product reduces fluid permeability and increases UV resistance and flexibility and is widely used in laundries, bathrooms and kitchens, indoor areas where water usage is at its highest.
Increasing infrastructural spending in countries like China, Japan, Thailand, India, Indonesia and Malaysia will augment the growth of the waterproofing membrane market in the Asia-Pacific region. Manufacturing companies will also add stimulus to the growth of the waterproofing membrane industry by initiating technology innovation, providing better planning, stressing on concrete protection and cost reduction involved in the various procedures.
Polymers have been found to depict significant demand in the waterproofing membrane market. What are the reasons contributing to the product demand upsurge?
Due to superior quality of polymer waterproofing membranes in prevention of water migration and treatment of porous surfaces and substrates, the polymer waterproofing membranes market would be a rapidly growing one with an estimated size of $5 billion by 2024. Use of polyurethane, TPO, EPDM and PVC are are also in the rise in the construction of building structures, roofing processing and walls construction. Low cost of TPO application in commercial roofing systems together with flexibility, ease of installation and recyclability would emerge as reasons for increasing demand of TPO.
Bitumen waterproofing membrane market in China is expected to exceed $250 million by 2024 due to the extensive usage of bitumen membrane in roofing applications in a country that is undergoing rapid urbanization. SBS bitumen and atactic polypropylene butadiene will also witness greater demand for the use of these products in sealing purposes in buildings construction.
Due to ease of application and uniformity, polyurethanes waterproofing membranes are finding increasing favor in end-use applications such as decorative waterproofing, roofing, parking decks and wet area waterproofing.
To access a sample copy or view the “Waterproofing Membranes Market” report in detail along with the table of contents, please click the link below:
On the basis of geographical growth of the waterproofing membranes market, which regions besides Asia Pacific are anticipated to witness growth?
In Asia Pacific the waterproofing membranes market would find impetus due to the explosive expansion of urbanization and increasing governmental efforts for the improvement of infrastructure across nations in this region. In the U.S., water and waste management are expected to the predominant reasons for the growth of the waterproofing membrane industry while in the UK, favorable government regulations would augment the overall expansion of the waterproofing membrane market.
Which are the chief participating companies in the global waterproofing membrane market?
BASF, DuPont, Pidilite Industries, Dow, Sika, Kemper System, CICO Technologies, GAF Materials and Fosroc will emerge as some of the companies that would lead the waterproofing membrane market on a global basis. The U.S. government laid stringent regulations against the use of hazardous polymer waterproofing membranes which has encouraged leading companies in the waterproofing membranes market to invest in research and development programs for the production of more environmentally friendly biopolymers.