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.
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