WATERPROOFING MEMBRANES MARKET TO REACH USD 53.3 BILLION BY 2027 | CAGR 6.8% – FORENCIS RESEARCH

Waterproofing Membranes MarketΒ - Global Industry Analysis and Forecast 2020 to 2027

Global Waterproofing Membranes Market: Key Highlights

  • According to the new market research report Waterproofing Membranes Market by Material (Polymer, Bitumen, Polymer Modified Cement), by Type (Liquid Applied Membrane and Sheet Based Membranes), by Application (Roofing Wall, Building Structure, Water & Wastewater Management, Landfills & Tunnels), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global Waterproofing Membranes market is estimated to reach USD 53.31 Billion by 2027 at a CAGR of around 6.8% during the review period.
  • Waterproofing Membranes are a thin layer of watertight material applied on the surface to prevent the content of water.
  • Waterproofing membranes help to prevent water leakage, a degree of strength, impart tear resistance, resistance to differential movement and flexibility which is expected to spur industrial growth.
  • It is used in numbers of applications, including roofs, bathrooms, building foundation and retaining walls, water and sewage treatment plants, parking lots, bridge decks, stadiums, water tanks, and tunnels.

Waterproofing Membranes Market

Global Waterproofing Membranes Market: Key Market Dynamics

  • High-density polyethylene (HDPE) and Low-density polyethylene (LDPE) are widely used waterproofing membrane type in the mining industry, due to the heir strong durability in exhaustive climates. Increasing used of waterproofing membranes in mining application is expected to boost the demand for waterproofing membrane market during forecast period.
  • Increasing waste & water management activities in developing countries have also boosted the demand for waterproofing membrane globally.
  • Furthermore, growing construction industry in the developing economies is expected to create the huge market opportunities for waterproofing membrane market.
  • However, while manufacturing it emits hazardous volatile fumes which is projected to hinder the market growth.

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Global Waterproofing Membranes Market: Regional Overview

  • Europe

The waterproofing membranes market in the North American region is expected to witness high demand due to the growing focus on water conservation and waste management in the region.  In 2019, the European Union and India decided to jointly invest approximately USD 45 million on seven projects over four years to find affordable solutions to improving drinking water quality and boosting wastewater management in India. These projects were selected under the EU - India Joint Call on Research and Innovation for Water.

  • Asia-Pacific

Asia-Pacific is expected to be the fastest-growing market for waterproofing membrane during the forecast period. Chine is expected to dominate the Asia-Pacific region followed by India in the waterproofing membrane market. This growth can be attributed to the growing Chines construction industry. For Instance, the construction industry in China is expected to reach USD 1340.02 billion by 2024, at a CAGR of 7.4%

Global Waterproofing Membranes Market: Key Players Overview

  • Firestone Building Products Company, LLC:

Firestone Building Products Company, LLC is one of the leading manufacturers and supplier of roofing and building envelope solutions across the globe. The company servers roofing, wall & lining solutions, technical services, and international roofing contract.  Firestone Building Products Company, LLC offers various products such as commercial roofing systems, roofing accessories, green roofing systems and daylighting systems, vegetative roofing systems, metal wall panels, insulation, cavity wall construction, pond liners, geomembranes and silicone and acrylic liquid coatings. In 2018, Firestone Building Products Company, LLC, opened a new commercial distribution centre in Dallas, Texas. The facility creates 15 new local jobs and will service the growing customer needs of major Texas metropolitan areas including Dallas, Fort Worth, Houston, Austin and San Antonio.

  • Soprema Group:

Soprema Group is engaged in the design and manufacture of waterproofing solutions as well as roofing materials, sound and thermal insulation. The company has 63 manufacturing plants, 90 subsidiaries and more than 4,000 distributors globally. In March 2017, the company opened its first factory in Changzhou, China. Through the new factory, Soprema Group focuses on PVC manufacturing and increase the market in the Asia-Pacific region.

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Rep Id : CM 088

Published : 2020-07-03

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