Waterproofing Membranes Market Future Trends With Research 2030

Waterproofing Membranes Market Growth & Trends

The global waterproofing membranes market size is likely to reach USD 40.1 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.9% from 2022 to 2030. 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.

U.S. waterproofing membranes market size, by type, 2020 - 2030 (USD Billion)

Waterproofing Membranes Market Segmentation

Grand View Research has segmented the global waterproofing membranes market on the basis of product, application, and region:

Based on the Product Insights, the market is segmented into Liquid Applied Membranes and Sheet Membranes.

  • The liquid applied membrane product segment led the market for waterproofing membranes and accounted for the largest revenue share of more than 63.0% in 2021. The growth can be attributed to the growing awareness towards the advantages of the product such as cost-effectiveness and ease of installation.
  • Demand for the bituminous liquid membrane is expected to witness a CAGR of 6.6% in terms of volume over the projected period, owing to its unique properties such as high resistance to weathering and aging. It increases the product viability in terms of flexibility at low temperatures, high UV resistance properties, and improved flow resistance at high temperatures. Polyvinyl Chloride (PVC) membrane is expected to achieve a notable market share in 2022 and is likely to register a prominent share over the forecast period owing to the product advantages such as resistance to UV radiation and precipitation. 

Based on the Application Insights, the market is segmented into Roofing, Walls, Building Structure, Tunnel & Landfills, Other.

  • The roofing application segment led the market for waterproofing membranes and accounted for the largest revenue share of more than 31.0% in 2021. The growth can be attributed to its rising application in the Asia Pacific region for residential housing construction. In addition, demand for sheet membranes for roofs due to high exposure to rainwater and environmental moisture is expected to drive the market for the roofing segment over the next seven years.
  • The building structure is expected to witness a growth rate of 7.6% in terms of revenue over the forecasted period which can be attributed due to its high application in building to improve the shelf life and protection at varying temperatures. In addition, increasing use of sheet membrane products for flooring application in buildings is further expected to add growth prospects to the market.
  • The landfill and tunnels segment accounted for USD 1.2 billion in 2021 and is expected to witness substantial growth during the forecast period owing to the rise in demand for cleaning methods in the tunnels. The rising demand for waterproofing membranes in developing countries on account of increasing industrial activity, which, in turn, leads to a rising amount of waste is expected to drive the market for waterproofing membranes on a positive note.
  • Other application segments of the waterproofing membrane include usage in wet rooms, kitchen floors, bathrooms, and areas surrounding the swimming pool. In addition, increasing awareness such as long-term cost-effectiveness and risk mitigation by applying waterproofing membrane is further expected to add positive growth to the market.

Waterproofing Membranes Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Browse through Grand View Research's Green Building Materials Industry Research Reports.

  • Water Free Urinals Market - The global water free urinals market size was valued at USD 280.4 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.2% from 2020 to 2027.
  • Roofing Chemicals Market - The global roofing chemicals market was valued at USD 75.5 billion in 2016. The increasing environmental concerns owing to the rising use of cool roofs around the world are anticipated to drive the market over the forecast period.

Key Companies Profile & Market Share Insights

The market has been characterized by integration through raw material procurement and waterproofing membrane manufacturing. The companies through mergers and acquisitions, capacity expansion, partnerships, and others are trying to increase their sales to facilitate the respective market across the globe.

Some of the prominent players operating in the global waterproofing membranes market include,

  • BASF SE
  • Kemper System America, Inc.
  • GAF Materials Corporation
  • Paul Bauder GmbH & Co. KG
  • CICO Technologies Ltd.
  • Fosroc Ltd.
  • DuPont

Order a free sample PDF of the Waterproofing Membranes Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

South Africa Veterinary Medicine Market Size, Share, Revenue Analysis By 2028

Image
South Africa Veterinary Medicine Industry Overview The  South Africa veterinary medicine market  size is expected to reach USD 248.2 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.1% from 2021 to 2028. The market holds many opportunities to grow during the forecast period owing to the growing livestock and pet population, increasing consumption of meat, rising incidence of diseases in animals, and the presence of key global companies. According to a report published by the African Union/Interafrican Bureau for Animal Resources (AU/IBAR), MSD Animal Health leads the South African market for veterinary medicines, followed by other key companies. South Africa Veterinary Medicine Market Segmentation Grand View Research has segmented the South Africa veterinary medicine market on the basis of animal type, product, mode of delivery, and end-use: Based on the Animal Type Insights, the market is segmented i...
Read more

U.S. Cold Storage Market Distributor Analysis and Forecasts By 2030

Image
U.S. Cold Storage Market Growth & Trends The  U.S. cold storage market  size is estimated to reach USD 96.90 billion by 2030, expanding at a CAGR of 13.6% over the forecast period, according to the new research conducted by Grand View Research, Inc. The U.S. is widely regarded as one of the leading markets in developing technologies responsible for the effective management of cold storage processes. The pharmaceutical industry is expected to offer growth opportunities to the market. Inventory management of pharmaceutical goods, such as vaccines   and medicines, is an expensive process that necessitates adequate security measures to maintain product quality. Advanced cold storage technologies that offer beneficial features, such as advanced refrigeration technologies and monitoring and tracking systems of various products like fruits and vegetables, significantly mitigate the possibility of wastage of temperature-sensitive goods. U.S. Cold Storage Market S...
Read more

Fencing Market Competitive Landscape And Component Benchmarking 2030

Image
Fencing Market Growth & Trends The global  fencing market  size is anticipated to reach USD 44.39 billion by 2030, growing at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. The growing need to safeguard agricultural assets and the aggressive investments being made by private companies in strengthening the security and enhancing the aesthetics of their premises are expected to drive the growth of the market over the forecast period. The growth of the  real estate market  and the increase in the number of remodeling projects being undertaken are expected to contribute to the growth of the market. Fencing Market Segmentation Grand View Research has segmented the global fencing market based on material, distribution channel, installation, application, end use, and region: Based on the Material Insights, the market is segmented into Metal, Wood, Plastic & Composite, Concrete. The metal segment accounted for ...
Read more