Exactitude Consultancy Press Release: Global waterproofing membranes market

Rapid urbanization and increasing concerns towards waste and wastewater management are driving the waterproofing membranes market growth.

Waterproofing membranes are specifically designed to keep water from leaking through the surface, thereby protecting the rest of the infrastructure. The increasing use of advanced infrastructure practices around the world, particularly in developing and developed economies, is fuelling the market’s rapid expansion. Growing demand from the waste and water management sectors, as well as increased development in water conservation infrastructure, are expected to boost market growth. Waterproofing Membranes are used in a variety of applications such as wet rooms, roofs, water and sewage treatment plants, retaining walls, building foundations, and tunnels. Rising consumer awareness of product benefits, as well as the adoption of new materials such as geomembranes, are expected to drive product demand over the forecast period.

The global waterproofing membranes market is slightly declining due to environmental and health hazards associated with membranes and fluctuations in raw material prices.

When installing membranes made of bitumen, workers may potentially be exposed to hazardous vapours. Nasal discomfort and bronchitis are just two health issues that could result from prolonged exposure to these gases. Waterproofing membranes that contain solvents, diluents, and other chemicals harm the environment by releasing hazardous fumes and volatile organic compounds (VOCs) into the air. So, it is predicted that these elements will limit the market’s total expansion. Crude oil serves as the primary source of raw materials utilised to create waterproofing membranes. Petroleum is the source of bitumen, acrylic, PVC, and PU waterproofing membranes. The growth rate of the waterproofing membrane market is predicted to be challenged by the shifting crude oil prices.

Explore 188 market data Tables spread through nearly 125 Pages and in-depth analysis on “Waterproofing Membranes Market by Material (Polymers, Bitumen, Polymer Modified Cement, Others), by Type (Liquid Applied Membrane, Sheet Membrane), by Application (Roofing, Walls, Building Structure, Tunnel and Landfills, Others) And Region, Global Trends and Forecast From 2022 To 2029” for Table of Contents –

COVID-19 had negative impact on the global waterproofing membranes market.

The recent coronavirus outbreak had a negative impact on the waterproofing membrane market. Various country lockdowns and logistical constraints have harmed the construction industry. Supply chain disruptions, workforce unavailability, logistical constraints, limited component availability, demand drop, low company liquidity, and manufacturing shutdowns in various countries have all harmed the industry. Raw material suppliers and other related businesses are being forced to rethink their strategies in order to cater to this industry during this period of crisis. Residential and commercial construction has ceased as a result of the pandemic. Demand for waterproofing membranes is expected to be low to medium during this crisis period. Order shipment delays, supply chain constraints, manpower and equipment shortages, and material shortages are all major issues. As a result, the pandemic had a negative impact on the market.

Polymer segment led the waterproofing membranes market in 2022.

The polymers segment’s waterproofing membrane market value was the highest in 2022. Waterproofing membranes made of polymers are inexpensive, flexible, simple to install, and recyclable. The membrane provides material adhesion and durability and has found widespread use in commercial roofing applications. Polyvinyl chloride (PVC)-based polymer waterproofing membranes are also gaining popularity in the construction industry. These polymers are resistant to precipitation and UV radiation, as well as heavy surface and tensile loads.

Roofing segment has the biggest market share in terms of application.

Based on application, in 2021, the roofing application segment led the market for waterproofing membranes, accounting for more than 31.0% of total revenue. Furthermore, due to high exposure to rainwater and environmental moisture, demand for sheet membranes for roofs is expected to drive the roofing segment market The landfill and tunnels segment is expected to grow significantly during the forecast period due to increased demand for tunnel cleaning methods. Furthermore, rising awareness of long-term cost-effectiveness and risk mitigation through the use of waterproofing membranes is expected to boost market growth. The building structure is expected to see revenue growth over the forecasted period, which can be attributed to its widespread use in building to improve shelf life and protection at varying temperatures.

Asia-Pacific is dominating the global market for waterproofing membranes.

In 2021, Asia Pacific had the greatest revenue share accounts for more than 31.0% of global Waterproofing Membranes Market. The expansion is explained by the expansion of infrastructure and the quickening of industrialization, particularly in China and India. Also, the trend would make cities more congested, which will raise demand for utilities in home applications for water needs and spur market expansion. The market for waterproofing membranes in North America, which was valued at USD 5.0 billion in 2021, is anticipated to expand significantly over the next five years due to an increase in building in Mexico and Canada. The business is also expanding as a result of increased investment in warehouse development for the healthcare, retail, and automotive application industries, all of which require waterproofing solutions.

Waterproofing Membranes Market Key Players

The waterproofing membranes market key players include Alchimica Building Chemicals, BASF SE, CICO Technologies Ltd., Bayer Material Science AG, Fosroc Ltd., Isomat S.A., GAF Materials Corporation, Maris Polymers, Kemper System America Inc., Paul Bauder GmbH & Co. KG., and others.

Key Market Segments: Waterproofing Membranes Market

By Material, 2020-2029, (USD Billion, Million Square Meter)

• Polymers
• Bitumen
• Polymer Modified Cement
• Others

By Type, 2020-2029, (USD Billion, Million Square Meter)

• Liquid Applied Membrane
• Sheet Membrane

By Application, 2020-2029, (USD Billion, Million Square Meter)

• Roofing
• Walls
• Building Structure
• Tunnel And Landfills
• Other

By Region, 2020-2029, (USD Billion, Million Square Meter)

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

Important Countries In All Regions Are Covered.

The post Waterproofing Membranes Market Is Expected to Reach Above USD 43.53Billion by 2029 appeared first on Exactitude Consultancy.