Waterproofing Membranes Market Registering A CAGR Of 6.9% By 2028Posted by rahul nikade on December 28th, 2022 Waterproofing Membranes Industry Overview The global waterproofing membranes market size was estimated at USD 22.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 2022 to 2030. Growing demand from the waste and water management sector coupled with the increasing development in water conservation infrastructure is anticipated to positively impact market growth. Waterproofing membranes find a wide array of usage including wet rooms, roofs, water, sewage treatment plants, retaining walls, building foundation, and tunnels. Rising consumer consciousness regarding the product advantages along with the adoption of new materials such as geomembranes is expected to further propel the product demand over the projected time. Gather more insights about the market drivers, restrains and growth of the Global Waterproofing Membranes Market The U.S. is expected to be the largest market for waterproofing membranes in North America. Rapid industrialization on account of increasing construction projects and housing developments are expected to fuel the demand for sheet membrane in the region. Furthermore, growing consumer preference towards increasing shelf life of paint jobs on buildings is expected to drive the sheet membrane market in the region. Factors including low manufacturing costs coupled with rising mining activities in various regions are likely to increase the utilization of the product in the forthcoming years. In addition, the increasing trend of the wastewater management market is likely to augment the product demand over the forecast period. Several regulations have been enforced for the production and use of waterproofing membranes. For instance, use for various applications, including designing and installing membranes, and flashings located in kitchens, bathrooms, and laundries located in residential buildings should be made and tested as per AS/NZS 4858:2004, wet area membranes. However, the market is subjected to the lack of experts regarding the use of the right type of membrane for durable structures such as basements, decks, watercraft, and others. This is expected to act as a restraint for the market for waterproofing membranes during the forecast period. In addition, fluctuating raw materials prices of polypropylene and bitumen obtained from crude oil further restrict the market growth. Browse through Grand View Research's Green Building Materials Industry Research Reports.
Waterproofing Membranes Market Segmentation Grand View Research has segmented the global waterproofing membranes market on the basis of product, application, and region: Waterproofing Membranes Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)
Waterproofing Membranes Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)
Waterproofing Membranes Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2030)
Key Companies profiled: Some prominent players in the global waterproofing membranes market include
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