#waterproofingmembranes

[market-insider]

Waterproofing Membranes Market: Growth Trends, Competitive Strategies, and Future Prospects

The global waterproofing membranes market size is expected to reach USD 40.15 billion by 2030, registering a CAGR of 8.5% during the forecast period, according to a new report by Grand View Research, Inc. Growing advancement in infrastructure and construction activities coupled with a rise in demand for wastewater and water management is expected to drive the market. Biomembranes are expected to witness a high adoption trend in the coming future owing to the increasing product demand in green-building construction. In addition, government support to replace old buildings with new ones is opening new growth avenues for the construction industry, which, in turn, is adding growth to the market.

Waterproofing Membranes Market Report Highlights

The liquid applied membrane product segment led the market and accounted for more than 64.1% share of the global revenue in 2023, on account of its thermal-reflective properties for any exterior surface application

The polyurethane liquid applied waterproofing membrane segment is expected to witness the fastest CAGR of 10.8% in terms of revenue during the forecast period, owing to seamless finish and easy and fast installation procedure

The roofing application segment held the largest revenue share of 37.9% in 2023., owing to its high exposure to changing climatic conditions and leakages across residential, commercial, and industrial buildings

Asia Pacific accounted for the largest revenue share of 32.3% in 2023., owing to increasing investment in residential and commercial construction due to rapid industrialization and growing population

The majority of the manufacturers have started emphasizing sustainable and corrosive protective raw materials for producing waterproofing membranes to increase their market presence. In addition, growing infrastructure in the developing markets of China, India, Brazil, and others are adding rapid growth to the construction sector, thereby adding growth prospects for the market.

For More Details or Sample Copy please visit link @: Waterproofing Membranes Market Report

The market is highly dependent upon the dynamic of the raw material supply chain. Although all types of products including cementitious, bituminous, polyurethane, and others are used for manufacturing waterproofing membranes, cementitious liquid applied membrane and bituminous sheet membranes are the most commonly used waterproofing membrane in the market. The industry exhibits several mature players controlling the significant market share. However, increasing competition from a large number of small and local manufacturers from Asia Pacific is expected to increase the market competition. The market players put high stress on using sustainable raw materials to ensure an environmentally friendly image to their clients.

[chemicalmarketwatch-sp]

Waterproofing membranes are essential for protecting buildings and infrastructure from water damage. They are used in a wide range of applications, including roofing, walls, foundations, and basements. The waterproofing membranes market is expected to grow significantly in the coming years, driven by factors such as increasing urbanization, rising infrastructure investment, and growing awareness of the importance of waterproofing.

Market Drivers

Increasing urbanization: The world's urban population is expected to reach 6.6 billion by 2050. This rapid urbanization is driving the construction of new buildings and infrastructure, which is creating a strong demand for waterproofing membranes.

Rising infrastructure investment: Governments around the world are investing heavily in infrastructure development. This is creating new opportunities for waterproofing membrane manufacturers and suppliers.

Growing awareness of the importance of waterproofing: People are becoming increasingly aware of the importance of waterproofing to protect their buildings and infrastructure from water damage. This is leading to increased demand for waterproofing membranes.

Market Trends

Shift towards sustainable waterproofing solutions: There is a growing trend towards the use of sustainable waterproofing solutions. This is due to increasing awareness of the environmental impact of traditional waterproofing materials.

Rising demand for liquid-applied waterproofing membranes: Liquid-applied waterproofing membranes are gaining popularity due to their ease of application and superior performance.

Growing adoption of new technologies: New technologies are emerging in the waterproofing membranes market, such as self-healing membranes and green roofs. These technologies are offering new opportunities for manufacturers and suppliers.

[constructionestimatingservice]

[skritik]

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[redwop-chemicals]

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