Improving economic conditions and the need to improve quality of construction are set to drive the waterproofing membranes market.
The market size of waterproofing membranes is estimated to reach USD 40.19 billion by 2022, at a CAGR of 9.3%
The key drivers driving the demand for waterproofing membranes are lightweight, durability, growth in end-user segments, and environmental sustainability and energy savings requirements. Rising demand from developing nations is further pushing the market of waterproofing membranes in different potential applications, including roofing & water management applications. Mergers & acquisitions, technological developments & innovations, and expansions are identified as key strategies to expand the waterproofing membranes market.
Waste & water management is one of the fastest-growing applications of waterproofing membranes.
Waste & water management application segment is estimated to register the highest growth during 2017 and 2022. This high growth is attributed to the increasing population, urbanization, and industrialization, due to which there is an increased need for water management activities to optimize the use of water in developing as well as developed countries. In 2017, the roofing & walls segment accounted for the largest market share among all applications, in terms of value and volume, followed by the building structures segment.
Rising demand from Asia-Pacific is a major driver for the waterproofing membranes market.
Asia-Pacific is projected to be the fastest-growing market for waterproofing membranes, in terms of both value and volume, during the forecast period. China and India are the two main markets for waterproofing membranes in Asia-Pacific. The Chinese building & construction industry has the largest share in Asia-Pacific, resulting in an increased growth of the waterproofing membranes market. In addition, under building & construction industry, relatively high growth was observed in 2016 in the commercial building & construction segment as well as high-end real estate. In addition, introduction of energy saving policies is also expected to drive the demand for waterproofing membranes in both China and India.
Cost-Effectiveness and Efficiency of Waterproofing Membranes
Supportive Policies Related to Infrastructure Growth Across the Globe
Growing Population Leading to Increased Residential Construction Projects Will Boost the Demand in Developing Countries
Increasing Global Demand for Waterproofing Membranes in Mining Applications
Rising Regulatory Standard Fueling the Growth
Booming Construction Industry in Developing Nations
Increasing Necessity for Water Management Activities in Asia-Pacific
Fluctuating Raw Material Prices
Potential Health Issues From Prolonged Exposure to Volatile Fumes
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview & Industry Trends
6 Waterproofing Membranes Market, By Raw Material Type