Waterproofing Membranes Market to Surpass US$ 48,148.2 Million by 2027 - Coherent Market Insights

The global waterproofing membranes market was valued at US$ 22,838.7 million in 2018, according to Waterproofing Membranes Market Report, by Product Type (SBS Bitumen, APP Bitumen, Polyvinyl Chloride (PVC), Ethylene Propylene Diene Monomer (EPDM), Thermoplastic Olefin (TPO), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), and Others), by Category (Liquid Applied Membranes and Sheet-based Membranes), by Application (Roofing & Walls, Building Structures, Waste & Water Management, Mining Application, Landfill & Tunnel Liners, Bridges & Highways and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East &  Africa), published by Coherent Market Insights.

The global waterproofing membranes market is expected to reach US$ 48,148.2 million by 2027, exhibiting a CAGR of 8.7% during the forecast period (2019-2027). The market for waterproofing membranes is majorly driven by its increasing demand from the end-use industries such as building and construction, among others. The waterproofing membrane is generally used for roofs, walls, and other structures of buildings to prevent water penetration through the surfaces. Waterproofing membrane is water resistant, reliable, and durable. Properties offered by waterproofing membranes such as UV stability, tear resistance, chemical stability, abrasion resistance breathability, and others to the surface are expected to boost growth of the global waterproofing membranes market over the forecast period.

However, fluctuating raw material prices of waterproofing membranes and adverse health effects such as skin irritation, and eye irritation, among others are expected to hamper growth of the global waterproofing membranes market during the forecast period.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/waterproofing-membranes-market-3701

Browse 50 market data tables* and 40 figures* on "Waterproofing Membranes Market” - Global forecast to 2027.

Key Trends and Analysis of the Waterproofing Membranes Market:

• Key players are adopting various growth strategies such as new product launches and product development, in order to expand their portfolio and share in the global waterproofing membranes market. For instance, in January 2018, Johns Manville Corporation introduced a new product - reinforced EPDM membrane sheet with tape-to-tape technology. This new product is capable of working on single ply waterproofing membrane and provides higher installation speed at lower cost.
• Moreover, in September 2019, RENOLIT SE launched a new waterproofing membrane technology called Renolit Alkorsmart. This solution aids in reducing the thickness of structures, which would further help in weight reduction and offer stability to the structures in extreme climates.

Key Takeaways of the Market:

• Among regions, Asia Pacific is expected to hold a dominant position in the global waterproofing membranes market over the forecast period, owing to an increase in the number of manufacturing units of waterproofing membrane in the region. Moreover, growth of the building and construction industry and the wastewater management industry in Asia Pacific are also expected to drive the market growth. For instance, in June 2018, the Asian Infrastructure Investment Bank (AIIB) announced an investment of US$ 200 million in the National Investment & Infrastructure Fund (NIIF).
• Major players operating in the global waterproofing membranes market include Carlisle Companies Inc., Chryso S.A.S., Copernit S.P.A., Derbigum, DuPont de Nemours, Inc., Firestone Building Products Company, LLC., Flex Roofing Systems, Fosroc, Inc., GAF Materials Corporation, GCP Applied Technologies, IKO Industries, Ltd., ISOMAT S.A., Johns Manville Corporation, Juta A.S., RENOLIT SE, Sika Group, Solmax International Inc. and Soprema Group.