Source: Zion Market Research
Sarasota, FL, Oct. 06, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Waterproofing Membranes Market by Types (Modified Bitumen, PVC, EPDM, TPO, HDPE, LDPE, and Others) for Roofing & Walls, Building Structures, Waste & Water Management, Tunnels & Landfills, Bridges & Highways and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, global waterproofing membranes market was valued at USD 18.5 billion in 2016, is expected to reach USD 31.4 billion by 2022 and is anticipated to grow at a CAGR of 9.2% between 2017 and 2022.
Waterproofing is the mixture of materials used to avoid water intrusion into the structural elements of a building or its finished spaces. Its main purpose is to resist hydrostatic pressure exerted by moisture in the liquid state. Waterproofing membranes consist of waterproof plastic, rubber, or coated-fabric materials. The waterproofing materials are utilized to prevent the ingress of water into roofs, walls, buildings, foundations, and structures when properly installed.
Browse through 95 Market Tables and 48 Figures spread through 110 Pages and in-depth TOC on "Global Waterproofing Membranes Market: Industry Size, Latest Trends, Segments, Growth Factors and Forecast 2016 – 2022”.
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The global waterproofing market is expected to register substantial growth during the forecast period, attributed to increasing in building & construction industry, improved quality of construction, and increased demand in mining. Increasing governmental investments on infrastructure developments in the majority of the developing countries, increasing waste & water management activities, low installation cost, and labor requirements are the factors driving this market. The lightweight nature and superior properties also drive the market of the waterproofing membrane.
The global waterproofing membranes market can be segmented on the basis of type, application, and regions. On the basis of type, the global market can be segregated into modified bitumen, PVC, EPDM, TPO, HDPE, LDPE, and others. Bitumen waterproofing membranes include APP bitumen (Atactic Polypropylene) and SBS (Styrene-Butadiene-Styrene) bitumen. Bitumen is widely used for sealing purposes in buildings as well as in other structures. However, bitumen waterproofing membranes application has been banned in North America owing to its ill-effects on the environment. This factor is likely to hamper the growth of bitumen waterproofing membrane segment in North America. On the basis of applications, the market is classified into roofing & walls, building structures, waste & water management, tunnels & landfills, bridges & highways, and others. Roofing & walls accounted for around 26% of waterproofing membrane demand in 2016. Building structures are expected to witness significant gains in the forecast period.
Browse the full "Waterproofing Membranes Market by Types (Modified Bitumen, PVC, EPDM, TPO, HDPE, LDPE, and Others) for Roofing & Walls, Building Structures, Waste & Water Management, Tunnels & Landfills, Bridges & Highways and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/waterproofing-membrane-market
Waterproofing membranes are widely used for roofing and to protect fundamentals and vertical walls, as well as between the slab waterproofing on parking decks and structural slabs. Asia Pacific was the leading regional market in terms of waterproofing membranes demand in 2016 and is expected to continue its dominance over the forecast period. China is the leading consumer of waterproofing membranes market in Asia Pacific. Rising urbanization and huge utilization of the waterproofing in wastewater treatment plants is expected to spur the market in the region. Construction sector in the budding markets is anticipated to grow at a faster rate than in advanced economies. Furthermore, strong economic growth and promotion of FDI in India are expected to spur the demand over the forecast period. Various mergers & acquisitions, new product launches and developments in different end-user industries have in turn made the region a potential market for waterproofing membranes.
North America was the second largest regional market for waterproofing membranes and is expected to witness significant growth within the forecast period. The increased construction activity rate is anticipated to raise the demand for waterproofing membranes in North America. U.S. is expected to witness the fastest growth over the next few years. However, increasing R&D investments coupled with ongoing product development to improve the performance of waterproofing membranes is expected to augment market growth in this region.
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Europe is one of the leading players in the waterproofing membranes market. Eastern European countries such as Poland, Russia, and Turkey are expected to have a positive impact on construction expenditure. This, in turn, is expected to augment the market in the region.
Latin America shows promising growth in waterproofing membranes market. The demand for waterproofing membranes expected to grow in the forecast period. Brazil is the most important country in the waterproofing membranes market in Latin America, accounting for a significant share of total waterproofing membranes demand. The construction industry in the region is witnessing an extreme change regarding the novel technologies and innovations. This factor may impact waterproofing membranes market in coming years.
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The Middle East and Africa are expected to grow in the upcoming years due to rising industrialization. Large-scale construction projects and growing infrastructure in Saudi Arabia and UAE are expected to have a positive impact on waterproofing membranes market within the forecast period 2017-2022.
Some of the major companies dominating the market are Carlisle Companies Inc., Firestone Building Products Company LLC., Soprema Group, Sika AG, The DOW Chemical Company, GAF Materials Corporation, Johns Manville, Renolit Se, Fosroc International Limited and Solmax International Inc. among others. The major strategies adopted by the players include mergers & acquisitions, expansion, and novel product launches. The enormous potential of the market is encouraging new entrants to foray into the market. However, stringent government regulations are creating high barriers for new entrants.
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The report segments the global waterproofing membranes market as:
Global Waterproofing Membranes Market: Type Analysis
Global Waterproofing Membranes Market: Application Analysis
Global Waterproofing Membranes Market: Regional Analysis
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