Global Waterproofing Membranes Market: Key Highlights
Global Waterproofing Membranes Market: Key Market Dynamics
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Global Waterproofing Membranes Market: Regional Overview
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 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 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 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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