Pune, India, March 03, 2022 (GLOBE NEWSWIRE) -- The global waterproofing membrane market size is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028. The rising need to save energy through the construction of green roofs and buildings is set to propel the demand for these membranes, especially to prevent stormwater runoff and filter out contaminant air particles. As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028.
Declining Production and Halt of Construction Activities to Hamper Growth amid COVID-19
The outbreak of the COVID-19 pandemic worldwide has hampered the demand for waterproofing membrane because of travel bans, declining production rates, and termination of building & construction activities. The Ministry of Industry and Information Technology of China, for instance, declared that the total cement production in the country went down by 8.2% from January 2020 to May 2020 by reaching 769 million tons. We are offering in-depth research reports to help you tackle this difficult situation with our unique strategies.
Get a Sample PDF Brochure:
Fortune Business Insights™ lists out the names of the renowned vendors of waterproofing membranes present in the global market:
- Sika AG (Switzerland)
- Tremco Incorporated (U.S.)
- BASF SE (Germany)
- Soprema Group (France)
- GCP Applied Technologies (U.S.)
- Fosroc, Inc. (India)
- Mapei S.p.A. (Italy)
- Carlisle Company Incorporated (U.S.)
- Johns Manville (U.S.)
- Elmich Singapore (Singapore)
- Other Players
Report Coverage-
The report studies decisive segments of this market containing regions, end-users, technologies, types, and applications. It elaborates the performance and significance of each of the segments by considering sales volume, growth prospects, revenue share, and demand. In addition to this, it will help our clients to accurately determine the size of the waterproofing membrane industry to guide them in choosing the right segment for their business growth.
Drivers & Restraints-
Rising Demand for Residential Spaces in Developing Nations to Aid Growth
The high demand for residential spaces, especially in developing countries, on account of the surging population is expected to spur the demand for these membranes in the upcoming years. Also, governments of these countries are constantly taking initiatives to provide the Economically Weaker Section (EWS) with good housing. For instance, India’s Union Housing and Urban Affairs Ministry announced in January 2021 that it approved the construction of more than 168,000 houses under the Pradhan Mantri Awas Yojana (PMAY) in urban areas. However, these membranes contain solvents, diluents, and other additives that often release toxic fumes and VOCs. It may obstruct the waterproofing membrane market growth.
Tremco Roofing and Building Maintenance Unveils POWERply Endure MB Membranes
In February 2019, Tremco Roofing and Building Maintenance, a provider of comprehensive roofing materials based in the U.S., launched POWERply Endure MB Membranes to expand its range of modified bitumen (M.B.) roofing solutions. They are equipped with time-tested roofing technology for keeping buildings dry even during harsh environmental conditions. These waterproofing membrane can be installed in a wide variety of cold and hold adhesives.
Segments-
Urgent Need to Protect Roofs from Rainwater will Drive the Roofing Segment
Based on applications, the market is categorized into roofing, walls, building structures, landfills & tunnels, and others. Out of these, the roofing segment procured the largest waterproofing membrane market share in 2020. The rising need to protect roofs from atmospheric moisture and rainwater is set to accelerate this segment in the near future. Also, the increasing number of residential construction activities in Asia Pacific would contribute to this growth.
Regional Insights-
Increasing Population in Urban Areas to Spur Demand for Robust Infrastructure in Asia Pacific
- Asia Pacific held USD 10.56 billion in 2020 in terms of revenue. It is set to remain at the forefront because of the increasing demand for water treatment infrastructure as the population is rising in urban areas.
- In Latin America, the surging investments by governments in infrastructural projects would bolster the demand for these membranes.
- The increasing number of construction activities is set to propel growth in North America. In June 2021, for instance, Ethos Development started constructing multi-family housing in Oregon, U.S. It is set to be a five-story building called brookLAND and contains 166 apartments.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393
Competitive Landscape-
Key Companies Aim to Fulfil Unmet Demand by Introducing Novel Solutions
The global market houses several reputed manufacturers of waterproofing membrane that are currently striving to keep up with the high demand for the product from the expanding building and construction sector. Also, the emergence of green buildings is set to drive its demand. Some of the others are focusing on the acquisition strategy to compete with prominent firms.
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Market Trends in the Global Market
- Key Developments: Mergers, Acquisition, Partnership, etc. .
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights Impact of COVID 19 on Global Waterproofing Membrane Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Waterproofing Membrane Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Value)
- Liquid Applied
- Sheet Based
- By Application (Value)
- Roofing
- Walls
- Building Structures
- Landfill & Tunnels
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Type (Value)
Below is one of the crucial industry developments:
- December 2018: Sika acquired Arcon Membrane Srl to meet the high demand for new solutions from the roofing and waterproofing markets and to expand its existing product portfolio in the Romanian market.
Inquire Before Buying This Research Report:
https://www.fortunebusinessinsights.com/enquiry/queries/waterproofing-membranes-market-102393
Have a Look at Related Research Insights:
Cement Market Size, Share & COVID-19 Impact Analysis, By Type (Portland, Blended, and Others), By Application (Residential, and Non-Residential), and Regional Forecast, 2021-2028
Precast Concrete Market Size, Share & COVID-19 Impact Analysis, By Product Type (Building Components, Transportation, Water & Waste Handling, and Others), By End-Use (Residential, and Non- Residential) and Regional Forecast, 2021-2028
Geomembranes Market Size, Share & Industry Analysis, By Raw Material Type (High Density Polyethylene (HDPE), Linear Low Density Polyethylene (LLDPE), Low Density Polyethylene (LDPE), Polyvinyl Chloride (PVC)), By Technology (Extrusion, Calendaring, Others), By Application (Mining, Water Management, Tunnel Liners & Civil Engineering, Waste Management) and Regional Forecast, 2022-2029
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
