Increasing Demand for Bitumen Set to Fuel Growth in Waterproofing Membranes Market from 2019 to 2027: TMR

ALBANY, N.Y., Sept. 10, 2020 /PRNewswire/ -- From 2019 to 2027, the global waterproofing membranes market is set to grow at a compound annual growth rate of about 7%. This is set to translate into a higher market worth as well as gainful growth opportunities over the aforementioned forecast period.

As per Transparency Market Research, "Novel growth opportunities will emerge in the developing regions of the world such as Middle East and Africa, Latin America, and Asia Pacific as an outcome of economic growth, which is leading to rapid urbanization."

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Key Findings of Global Waterproofing Membranes Market Study:

• The bitumen segment under the material category is set to contribute notably to growth in global waterproofing membranes market over the forecast period
• Excellent physical properties of bitumen aid growth in its demand, especially in construction of buildings
• Region-wise, North American region is set to provide lucrative growth opportunities to market players over the forecast period

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Key Drivers of Growth in Global Waterproofing Membranes Market:

• Expansion in building and construction across the world is leading to a higher demand curve for waterproofing membranes market over the forecast period
• Increasing population across the world is creating demand for larger number of housing units, recreational centers, offices and developmental infrastructure
• By 2050, global population would reach a hefty number of 9.7 billion – an addition of 2 billion from current figure

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Regional Analysis of Global Waterproofing Membranes Market:

• Increasing use of eco-friendly material in the North American region is set to aid growth in the region at a steady pace over the forecast period
• Increasing volumes of construction in the region is also a notable factor of growth in the North American market of waterproofing membranes
• Europe dominated the market landscape in terms of value in the year 2018 and the trend is set to continue into the forecast period
• In the European region, Germany is anticipated to hold a notable share of the market owing to expansion in building and construction sector
• Growing population in the Asia pacific (APAC) region coupled with notable economic growth in a number of countries in the region is fuelling growth in the market

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Competitive Landscape of Global Waterproofing Membranes Market:

The global waterproofing membranes market is a fragmented vendor landscape with a number of players operating in it. Some of the top ones that are also covered comprehensively by Transparency Market Research are BASF SE, Pidilite Industries Ltd., Carlisle Companies Inc., Fosroc International Ltd, Dow Chemical Company, GAF Materials Corporation, SIKA AG, Solmax, Paul Bauder GmbH & Co.KG, Maris Polymers, Soprema Group, Alchimica Building Chemicals, Johns Manville, CICO Technologies Limited, and Kemper System America, Inc., among others.

TMR, in its market report, enumerates essential and insightful details such as information on financials, product details, recent developments and business strategies. It is quite interesting to note here that companies are actively engaging in growth measures – mix of organic and inorganic strategies. Some of these include entering key alliances such as mergers and acquisitions, partnerships and collaborations, and joint ventures for expansion purposes.

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Global Waterproofing Membranes Market: Research Scope

Waterproofing Membranes Market by Material

• Bitumen
• Thermoplastic Olefin (TPO)
• Polyvinyl Chloride (PVC)
• Ethylene Propylene Diene Monomer (EPDM)
• Others (including Ethylene Vinyl Acetate [EVA], High-density Polyethylene [HDPE], and Low-density Polyethylene [LDPE])

Waterproofing Membranes Market by Type

• Liquid-applied Membranes
• Sheet-based Membranes

Waterproofing Membranes Market by Application

• Roofing & Walls
• Building Structures
• Water & Waste Management
• Landfills & Tunnel Liners
• Others (including Bridges & Highways and Marine)

Waterproofing Membranes Market by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Russia & CIS
• Netherland
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• ASEAN
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa

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Polyvinylpyrrolidone Market - In terms of revenue, the global polyvinylpyrrolidone market is anticipated to expand at a CAGR of 13.0% from 2019 to 2027. Pharmaceutical segment accounted for major share of the polyvinylpyrrolidone market, owing to rise in demand for tablets and liquid ointments where polyvinylpyrrolidone is widely used in formulations. In terms of volume, the low molecular weight segment accounted for prominent share of the global polyvinylpyrrolidone market in 2018

Polymer Electrolyte Membrane Fuel Cell Market - Polymer Electrolyte Membrane Fuel Cell Market, also known as proton-exchange membrane fuel cells (PEMFC), are a type of fuel cell that are being developed primarily for transport applications. They are also being developed for stationary fuel cell and portable fuel cell applications. PEM fuel cells possess distinguishing features such as lower temperature and pressure that ranges from 50°C to 100°C; and a special proton-conducting polymer electrolyte membrane. They generate electricity and operate on the opposite principle to PEM electrolysis, which consumes electricity. PEM fuel cells are likely to replace the aging alkaline fuel cell technology, which is being used in the space shuttle. PEM fuel cells are used in various applications. They are primarily employed in the transportation industry owing to their positive impact on the environment, e.g. control of emission of greenhouse gases (GHG). Other applications include distributed stationary and portable power generation. Most of the leading motor companies work solely on PEM fuel cells due to their high power density and excellent dynamic characteristics compared to other types of fuel cells.

Membrane Filtration Market - Membranes are thin layer of semi-permeable and porous sheets of material that separate contaminates from water when a driving force is applied across the membrane. Membrane processes are increasingly employed in drinking water and wastewater treatment for the removal of microorganisms, bacteria, natural organic materials, and particulates, which can impart taste, odor, and color to water and react with disinfectants to form disinfection byproducts. Growth in the bio-based pharmaceutical industry is driving the membrane filtration market. Rapid development in generics production is also likely to boost the market. Additionally, updated regulations, stringent industry standards, and rise in demand of consumers is likely to drive the market in the near future. Groundwater sources that do not need membrane technologies for pretreatment process are relatively simple to install.

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