Waterproofing Membranes Market Size is Expected to Grow US$ 64.5 Billion with 8.0% CAGR by 2033: Fact.MR Report

Rockville , Sept. 21, 2023 (GLOBE NEWSWIRE) -- As per Fact.MR, a provider of market research and competitive intelligence, the global waterproofing membranes market is projected to rise at a CAGR of 8% and will likely reach a value of US $64.5 Billion by the end of 2033.

Waterproofing membranes are special materials used in construction to keep water out and protect buildings from damage. They form a strong, continuous barrier that prevents water from getting in. Unlike some other methods, they are very durable and can withstand tough conditions like temperature changes and wear and tear. These membranes are flexible and can move with the building without breaking. They also come in different types, so they can be chosen based on the specific needs of a project. The growth of the waterproofing membranes market is primarily driven by increasing awareness and demand for sustainable construction practices. This includes a preference for eco-friendly materials and solutions in the construction industry. Additionally, stringent building codes and regulations promoting waterproofing for both new and existing structures contribute to market expansion.

Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4529

Key Takeaways:

• North American market share is expected to account for 26.3% in 2023 and with approximately 1/4^th of the global market share, the US is leading the waterproofing membrane industry.
• The roofing industry is expected to generate more than 30% of the market revenue by 2033 and beyond. During the forecast period, demand for liquid-applied membranes is expected to increase by almost two times. By 2023, it is expected that the segment will occupy more than 60% of the total global revenue.

Increasing demand for sustainable construction materials, stringent building codes and regulations, and a growing need for infrastructure resilience in the face of extreme weather events are three key factors driving the growth of the waterproofing membranes market - Says FACTMR Expert

Market Competition

The stiff competition in this market is characterized by a diverse range of manufacturers and suppliers competing for market share. Intense competition arises from factors such as product innovation and cost-effectiveness.

• SealMaster introduced a fresh range of elastomeric waterproofing membranes tailored for the commercial sector in June 2022. These latest membranes are engineered to deliver exceptional performance and longevity, especially in harsh weather conditions.
  
• BASF introduced a fresh range of waterproofing membranes tailored for the construction sector in April 2022. These innovative membranes are engineered to deliver exceptional performance and long-lasting durability.

Notable players in this market include:-

• Sika AG,
• BASF SE,
• Carlisle Companies Inc.,
• GCP Applied Technologies Inc.,
• Firestone Building Products,
• Dow Inc.,
• Kemper System America, Inc.
  

Country-wise Perspectives

Why are waterproofing membranes being used more frequently in the USA?

With almost a quarter of the global market, the USA continues to dominate the waterproofing membrane sector. Market expansion in developed regions is greatly influenced by resurgent infrastructure development, which is being spearheaded mostly by the United States.

It is because of the quick industrialization and construction that waterproofing membranes are used. The area's snowfall also worsens building infrastructure by increasing water leaks. This element has a positive impact on waterproofing membrane sales.

Winning strategies

• To excel in the waterproofing membranes market, it's vital to build a solid brand known for top-notch quality, dependability, and innovation. This involves consistently delivering high-quality products, embracing new technologies, and conducting thorough testing. Staying ahead with innovative solutions and diverse product offerings for different applications is key.
• In this industry, using cutting-edge technologies like smart coatings and advanced materials is crucial. Smart coatings can sense and adapt to conditions, improving waterproofing performance. Advanced materials, like those that can repair themselves or repel water exceptionally well, boost durability. Moreover, market giants should focus on creating and promoting eco-friendly options to meet the rising demand for sustainable construction materials.

Segmentation of Waterproofing Membranes Industry Research Report

• By Application:
  • Liquid Applied Water Proofing Membrane
    • Cementitious
    • Bituminous
    • Polyurethane
    • Acrylic
    • Other
  • Sheet Waterproofing Membranes
    • Bituminous
    • Polyvinyl Chloride
    • Ethylene Propylene Diene Monomer (EPDM)
    • Other
• By End Use:
  • Roofing
  • Walls
  • Building & Structures
  • Tunnels & Landfills
  • Other End Uses
• By Region:
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA
    

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4529

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the Global Waterproofing Membranes Market forecast statistics for 2023 to 2033.

Waterproofing Membranes Market Analysis By Application (Liquid Applied, Sheet Waterproofing Membranes), By End Use (Waterproofing Membranes for Roofing, for Walls, for Building Structures, for Tunnels & Landfills), By Region

Explore More Related Studies Published by Fact.MR Research: 

Water Enhancer Market: Water enhancer demand is anticipated to surpass US$ 7.1 Billion by 2032-end.

Water Electrolysis Machine Market: The water electrolysis machine market is estimated to reach valuation of US$ 12,145.4 Million in 2023 and will top US$ 24,800.2 Million by 2033.

Water Purifier Market: Worldwide sales of water purifier systems are projected to rise at a CAGR of 9.3% from 2023 to 2033.

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we delivers deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empowers businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog