Waterproofing Membrane Market - Global Industry Analysis, Size, Share ,Forecast : 2024
Global Waterproofing Membrane Market: Brief Assessment
Coating
that prevents passage of water into structural components of a
construction is known as waterproofing membrane. Waterproofing activity
of the membrane retains structural integrity of a foundation. Structural
units of a building such as roof, walls, and basements are protected
from intrusion of moisture and water with the aid of waterproofing
membrane. Hydrostatic pressure exerted by molecules of water, both in
liquid and vapor state, is controlled by application of waterproofing
membrane. This type of membrane is composed of plastic, rubber, or
coated fabric with water-resistant activity. Waterproofing membrane can
be applied to interior side of the building (negative-side
waterproofing) as well as exterior side of the building (positive-side
waterproofing).
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Single
or multi-layer materials such as rubber, elastomer, bitumen, PVC,
polyethylene, polypropylene, polyurethane, and other polymers are major
components of waterproofing membrane. Based on composition,
waterproofing membranes are classified into different types such as PVC
(polyvinylchloride), TPO (thermoplastic polyolefin), EPDM (ethylene
propylene diene monomer), HDPE (high-density polyethylene), and LDPE
(low-density polyethylene). The most important feature of the membrane
is to provide water adsorption activity. Waterproofing membrane has wide
industrial applications due to its efficient water-resistant
performance. Construction (such as roofing, walls, and building
structure), water and wastewater treatment, mining, civil, and
transportation (tunnel liners, bridge, and highway) industries are key
end-users of waterproofing membrane.
Global Waterproofing Membrane Market: Trends and Opportunities
TPO
waterproofing membrane is widely employed as roofing material in
several end-user industries. This is anticipated to drive demand for TPO
waterproofing membrane. Easy installation steps, eco-friendly nature,
and high performance efficiency are key benefits of TPO membrane. Energy
efficiency, durability, and heat resistance features are primary
factors boosting rise in demand for waterproofing membrane globally.
Lightweight feature and environment sustainability are chiefly
responsible in enhancing the popularity of waterproofing membrane in its
end-user industries. Booming construction industry in China and other
countries in Asia Pacific contributes to rising demand for waterproofing
membrane. Increasing awareness about saving energy and
environment-friendly usage fuels consumption of waterproofing membrane
in developed as well as developing countries. Key players focus on
market expansion through mergers and acquisitions, product innovation,
and research initiatives. However, companies need to follow stringent
rules and regulations empowered by the U.S. EPA to ensure their products
are eco-friendly.
Global Waterproofing Membrane Market: Regional Outlook
The
global waterproofing market witnessed significant growth in the last
few years, and this positive trend is estimated to continue in the next
few years. Size of the global waterproofing membrane market is
anticipated to rise significantly in the next few years. Enormous growth
in construction industry and wastewater management system in Asia
Pacific due to rise in urban population is fueling the waterproofing
membrane market. Asia Pacific accounts for the largest share of the
waterproofing membrane market. Increased usage of waterproofing membrane
in roofing, mining, water, and wastewater treatment in this region is
likely to boost market prospects. North America accounts for
second-largest market share of the waterproofing membrane market. The
market in North America is projected to experience steady growth in the
near future. Sluggish growth in construction industry in Europe results
in a relatively smaller market for waterproofing membrane, whereas the
Middle East and Africa appears to be an emerging market. Establishment
of new production plants in the developing nations indicates increase in
demand for waterproofing membrane.
Global Waterproofing Membrane Market: Companies Mentioned in the Report
Key
manufacturers of waterproofing membrane include The Dow Chemical
Company, Carlisle Companies, Inc., Siplast, BASF SE, W. R. Meadows Inc.,
Johns Manville, Soprema Group, Firestone Building Products Company,
LLC, GAF Materials Corporation, and Sika AG.
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The
report offers a comprehensive evaluation of the market. It does so via
in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited to:
Regional markets, technology, types, and applications.
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