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Transparency Market Research, New York: The growing demand for heavy-duty waterproofing applications particularly for geometrically complex roofs and walls has propelled prospects in the waterproofing membranes market. This has led to the advent of high-performance polymer-modified cementitious membranes to meet the needs of infrastructure developments.
Analysts at TMR opine that highly-resistant liquid waterproofing products are expected to gather traction for waterproofing against extreme weather conditions in coming years. Industry player should focus on offering innovative adhesive polymer bitumen membranes in special cases.
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The global waterproofing membranes market was valued at ~US$ 19 Bn in 2018, and is projected to clock a CAGR of ~7% during 2019 – 2027. By 2027-end, the market is expected to reach worth of ~US$ 35 Bn.
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Key Findings of Waterproofing Membranes Market Report
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Waterproofing Membranes Market: Key Driving Factors and Promising Avenues
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Waterproofing Membranes Market: Regional Landscape
Striking rise in urbanization in the developing regions of the world is a key trend that has spurred the uptake of waterproofing membranes in range of architectural structures. Regions at the forefront are Asia Pacific, Latin America, and the Middle East.
Strides in the construction of the public structures such as bridges and dams have been promising in Europe, thereby making the regional market increasingly lucrative over the years. Germany has contributed the leading share in the regional market. Substantial uptake of various products in residential constructions has boosted the growth of the Europe waterproofing membranes market.
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The Waterproofing Membranes Market can be segmented as follows:
Waterproofing Membranes Market by Material
Waterproofing Membranes Market by Type
Waterproofing Membranes Market by Application
Waterproofing Membranes Market by Region
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