Waterproofing Membranes Market is Expected To Witness Notable Gains| MarketsandMarkets™

Waterproofing Membranes Market is Expected To Witness Notable Gains| MarketsandMarkets™

“Browse 124 market data Tables and 40 Figures spread through 189 Pages and in-depth TOC on “Waterproofing Membranes Market””
Waterproofing Membranes Market by Raw Material, Type (Liquid Applied, Sheet Based), Usage (New Construction, Refurbishment), Application (Building Structure, Roofing, Roadways, Waste & Water Management, Walls), and Region

The global waterproofing membranes market size is estimated at USD 33.5 billion in 2020 and is projected to reach USD 38.8 billion by 2025, at a CAGR of 5.4%. The potential health and environmental issues are a major restraining factor for the waterproofing membranes market

Waterproofing membranes are materials that are used to prevent water ingress in any building structure. These are available in sheet form or can be liquid applied. These membranes are easy to handle, easy to apply, highly efficient, flexible, and also provide improved strength, tear resistance, weathering resistance, UV stability, and elasticity to the applied surface. They are used for applications, such as roofing & walls, building structures, waste & water management activities, tunnel liners, bridges & highways, and others. SIKA (Switzerland), Tremco (US), GCP Applied Technologies (US), Carlisle Companies (US), Soprema Group (France), BASF (Germany) have a strong emphasis on using different strategies to maintain their competitive position in the market. 

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=18007571 

Waterproofing membranes reduce the ingress of water in a building structure. Basedon type the waterproofing membranes can be segmented as liquid applied and sheet based membranes. The liquid-applied membranes segment accounts for the larger share in the global waterproofing membranes market. The demand for these membranes is rising rapidly, owing to their environment-friendly properties and easy applicability. Liquid waterproofing membranes are easy to handle and replace, and provide efficient waterproofing and longer lifespan of a building structure.

 Based on usage, the waterproofing membranes market is segmented into new construction and refurbishment. The new construction segment accounted for the larger market share in 2019. The growth can be attributed to the regulations for new construction, infrastructural developments, industrialization, and urbanization in emerging economies. 

Based on applications, the market can be segmented as building structures, roofing, walls, roadways, and water & waste management. Building structures are areas excluding roofs and walls such as balconies, basements, foundations, retaining walls, storage rooms, belowground constructions, and others. Building structures are often exposed to stresses such as water exposure, water stresses, groundwater chemical exposures, unequal static forces, temperature variations, biological influences, and others. Waterproofing of these structures provide effective and long term protection form these exposures and ensure efficient protection of building structures. 

Request for Bundle Report at https://www.marketsandmarkets.com/RequestBundleReport.asp?id=18007571 

The waterproofing membranes market in APAC is projected to register the highest CAGR during the forecast period. The building structures market in APAC is driven by the growing construction industry, increased consumer spending, and strong economic growth.

The recent COVID-19 pandemic is expected to impact the global construction industry. COVID-19 led the construction industry into an unknown operating environment, globally. Government restrictions on the number of people that can gather at one particular place, severely impacted the industry. E.g., the US construction industry relies heavily on imports for materials such as steel, copper, aluminum, stone, and fixtures, especially from China. Logistical constraints, manpower shortages, and government restrictions have forced many of these suppliers of raw materials to close down, hence, disrupting construction activities in the US. Similarly, economies such as China, India, and others are also facing the brunt of the Covid-19 pandemic.

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/waterproofing-membranes-market-18007571.html