Waterproofing Membrane Market size to exceed $14.5Bn by 2032

Waterproofing Membrane Market size is poised to surpass USD 14.5 billion by 2032, as per a new research report announced by Global Market Insights Inc.
 

High demand for cost-effective waterproofing solutions will fuel market trends. Increasing investments in infrastructure projects and a rise in construction activities have accelerated the need for superior waterproof coatings. Technological advancements in damp-proof materials have enabled the introduction of integral waterproofing systems. For instance, atactic polypropylene (APP) membrane is one of the most used waterproofing materials across a wide range of applications including roofs, bathrooms, concrete channels, water tanks, and curtain walls. It is a durable waterproofing material with high tensile strength, resistance to weathering, and 100% impermeability.
 

Rise in construction activities to fuel demand for bitumen waterproofing membranes

Bitumen waterproofing membranes segment will reach over USD 4.4 billion by 2032. Bitumen or asphalt is a viscous liquid or semi-solid form of petroleum that is widely used in construction due to its waterproofing capabilities. Bituminous membranes are ideal for waterproofing basements, roofs, bridges, below-ground structures, and other structures.
 

Styrene-Butadiene-Styrene (SBS) is a popularly applied bituminous coating that imparts rubber-like characteristics. It helps improve a structure’s resistance to aging and weathering. The market share from SBS segment is projected to exhibit 6.5% CAGR between 2023-2032. SBS-modified bitumen membranes offer a wide range of benefits including security, dimensional stability, excellent adhesion, and better life expectancy.
 

Water seepage concerns in residential spaces to boost the use of liquid applied membranes

Waterproofing membrane market share from the liquid applied membrane segment is anticipated to expand at 7% CAGR from 2023-2032. Changing consumer preferences towards cost-effective waterproofing membranes will complement segment growth. These membranes are used to prevent water seepage in concrete that tend to expand and shrink when exposed to extreme temperatures. Liquid-applied membranes have ideal elongation properties along with advantages such as high elasticity, flexibility, durability, and chemical & abrasion resistance.
 

Browse key industry insights spread across 436 pages with 424 market data tables and 55 figures & charts from the report “Waterproofing Membrane Market Size By Product (Polymers [PVC, TPO, EPDM, Polyurethane], Bitumen [SBS, APP], Polymer Modified Cement), Application (Liquid applied Membrane, Sheet Membrane), End-Use (Roofing, Walls, Building structures, Landfills & tunnels), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/waterproofing-membrane-market
 

Construction of affordable housing projects to accelerate the need for wall waterproofing solutions

Waterproofing membrane market share from the walls end-use segment is poised to surpass USD 835 million by 2032. Growing awareness among building contractors regarding the benefits of waterproofing walls and structures will proliferate the product demand. Rapid urbanization has fueled the need for affordable-housing projects worldwide. This has accelerated the need for effective solutions to prevent leakage and other structural degradation.
 

Infrastructure investments to augment European industry development

Europe waterproofing membrane market size is estimated to go beyond USD 3.2 billion by 2032. Surging demand for commercial buildings such as shopping centers, warehouses, offices, and vacation homes as a result of industrialization has complemented market expansion in Europe. In recent years, EU countries have ramped up investments in modern and smart infrastructure projects. This could generate a lucrative application scope for waterproofing membranes. Over the last 5 years, the European Investment Bank (EIB) has invested more than USD 95.5 billion in urban regeneration, circular economy, sustainable mobility, and smart cities.
 

New product developments to boost waterproofing membrane industry expansion

Fosroc Inc, Alchimica Building Chemicals Ltd, Maris Polymers S.M.S.A, GAF Materials, Derbigum Americas Inc, MBCC Group, Paul Bauder GmbH, Sika AG, CICO Technologies Ltd, and Pidilite Industries Limited are some of the key players in the global waterproofing membrane market. These companies are focusing on new product development to gain a competitive edge.