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Waterproofing Membrane Market Size

Report ID: GMI173
Published Date: Nov 2024
Report Format: PDF

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Waterproofing Membrane Market Size

The global waterproofing membrane market was valued at USD 32.8 Billion in 2023 and is estimated to grow at a CAGR of over 6.8% from 2024 to 2032. The market has steadily expanded, propelled by factors such as construction, infrastructure development, and a growing emphasis on sustainability and energy efficiency.

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Rapid urbanization, especially in emerging economies, is fueling a surge in residential, commercial, and industrial construction projects. As the number and scale of buildings and infrastructure increase, so does the demand for waterproofing solutions to safeguard them from water-related damage.

In addition, heightened demand for waterproofing solutions is rising in the residential sector, driven by a surge in private housing projects, especially in areas vulnerable to heavy rainfall or flooding. Commercial entities, including office buildings, malls, and hotels, are also turning to advanced waterproofing systems. The push for high-quality waterproofing membranes in both residential and commercial construction is further amplified by stringent building codes emphasizing water resistance and energy efficiency. Additionally, many regions have enacted regulations aimed at mitigating water-related disasters, such as floods and heavy rainfall, bolstering the demand for waterproofing solutions.

Waterproofing Membrane Market Report Attributes
Report Attribute	Details
Base Year:	2023
Waterproofing Membrane Market Size in 2023:	USD 32.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.8%
2032 Value Projection:	USD 58.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Product Type, Application, Distribution Channel and Region
Growth Drivers:	Expansion of the residential and commercial construction markets Innovations in membrane material technologies
Pitfalls & Challenges:	High initial costs Global supply chain disruptions

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global waterproofing membrane industry was valued at USD 32.8 billion in 2023 and is estimated to grow at a CAGR of over 6.8% from 2024 to 2032, driven by construction activities and infrastructure development.

The sheet membrane segment accounted for approximately USD 18.3 billion in 2023 and is estimated to grow at a CAGR of around 6.6% from 2024 to 2032, fueled by the demand for durable and efficient waterproofing solutions.

The U.S. dominates the North American waterproofing membrane market, valued at USD 6.4 billion in 2023, and is estimated to grow at a CAGR of over 6.7% from 2024 to 2032, driven by increased construction activities and stricter building regulations.

Key players in the industry include Alchimica Building Chemicals, Asian Paints, BASF, Bauder, Danrae Group, Derbigum International, Dow, Fosroc, GAF Materials, and Kemper System.