Market size for waterproofing membranes valued at $ 41.7 billion per

New York, United States, June 23, 2021 (GLOBE NEWSWIRE) – Overview of Waterproofing Membranes Market:

According to a comprehensive research report from Market Research Future (MRFR), “Waterproofing membranes market Information by product type, application and region – Forecast to 2027“The market size is expected to reach $ 41.7 billion by 2027 at a CAGR of 7%.

The growing demand for a greener waterproofing system as environmental issues increase, can benefit the market. The widespread use of waterproofing membrane in the building and construction industry as an initiative to build smart cities may contribute to the resurgence of the market. The need to protect the content and structural integrity of mining operations can improve market momentum. However, fluctuating commodity prices may hold back the market for years to come.

Key players:

Some of the well-known companies in the global waterproofing membranes market that are analyzed by MRFR are:

  • Carlisle Companies Inc. (United States) – HERTALAN
  • BASF SE (Germany) – MasterSeal 345
  • Firestone Building Products Company, LLC (USA) – RubberGard EPDM
  • DOW (US) – Waterproofing membranes
  • SOPREMA Group (France) – Alsan liquid waterproofing systems
  • Johns Manville (United States) – Elvaloy KEE
  • GAF (US) – EverGuard TPO Walkway Roller
  • Sika AG (Switzerland) – Sika Waterbar
  • Fosroc, Inc. (UK) – Nitocote CM210
  • Minerals Technologies Inc. (United States) – ULTRASEAL
  • AB waterproofing membrane

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Market segmentation :

The assessment of global waterproofing membranes market segment is based on product type, sheet and applications.

Segments based on product type of waterproofing membranes market are polyurethane, acrylic, liquid applied membrane and bitumen. The sheet-based segments of the waterproofing membrane market are bitumen, ethylene propylene diene terpolymer (EPDM), thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC). The segments based on the applications of the global waterproofing membranes market are building structures, roofing, wastewater management, bridges and highways, and tunnel liners.

Bituminous segment to gain traction:

The liquid applied membranes segment is expected to generate considerable revenue for the global waterproofing membranes market. The application of liquid membranes in paints which, when dried, provide an elastic membrane, is gaining a reputation for its excellent waterproofing ability. The growing preference for this aesthetic is expected to enhance the growth of the segment during the review period.

Liquid-applied acrylic membranes provide greater resistance to extreme heat, hailstorms and snowfall. Thus, the increase in sales of acrylic liquid is expected to promote the market during the study period.

Bitumen is applied as a liquid applied membrane and a sheet applied membrane. Liquid applied bituminous membrane has excellent water resistance and is widely used in concrete foundations. This should benefit the bituminous segment in the years to come.

The polyurethane segment can hold a large share of the global market due to the increasing demand for polyurethane waterproofing membranes. The high elasticity of the polyurethane segment and other characteristics, such as mechanics, excellent abrasion resistance, UV resistance and chemical and thermal products, are expected to increase the market in the near future.

Browse the in-depth (140 pages) Waterproofing Membranes market research report:

Increased demand for PVC for the benefit of the waterproofing membranes market:

The bituminous segment is expected to grow at a considerable rate due to the high durability and tensile strength offered by the product. The increasing demand and production of polyvinyl chloride (PVC), especially in commercial roofing systems, can benefit the market. The easy applicability and low installation costs of PVC are other factors which can support the market growth during the study period.

Ethylene Propylene Diene Terpolymer (EPDM) is a widely used elastomeric waterproofing membrane that finds applications in swimming pools, water tanks, and ponds, including ponds on mine sites. High tensile strength, weather resistance and tear resistance are some of the characteristics of EPDM which are responsible for its increasing tensile strength, which in turn can cause the market to rise. The ease of soldering and reprocessing of thermoplastic polyolefin (TPO) may contribute to the growth of the market during the period of analysis.

Increase in wastewater management applications to impact the market:

The roofing segment is expected to grow exponentially due to the high need for waterproofing membranes in pitched roofs, flat roofs and domed roofs. The wastewater management segment is likely to exhibit a high CAGR due to the increasing need for waterproofing membranes in wastewater treatment plants to prevent water infiltration from concrete water tanks. Waterproofing membranes are used in building structures to protect structural integrity. The tunnel linings are also protected by waterproof membranes to protect the inner shell from groundwater. Bridges and highways also have built-in waterproofing membranes that help prevent moisture and chlorides from reaching the concrete to act as a barrier between the concrete deck and the materials. The increase in infrastructure development activities to provide smart cities and the launch of megaprojects to build a sustainable city may contribute to the growing demand for waterproofing membranes for the aforementioned applications, which may cause the market to increase.

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Regional analysis:

The United States leads the North American market

In North America, the waterproofing membranes market is expected to hold a considerable share due to the increase in the number of underground tunnels. Increasing the utility of the waterproofing membrane in residential and non-residential applications. In addition, the escalation of investments in the infrastructure sector to deploy a high quality waterproofing membrane in applications such as; Tunnel liners to protect bridges and highways can drive regional market growth.

The European waterproofing membrane market will grow

In Europe, the waterproofing membranes market is expected to grow due to the increasing demand for waterproofing systems for commercial applications. The increased investment made for waterproofing solutions in mining and wastewater industries may reinforce the market rise in the expected occupancy time.

Increase in wastewater treatment plants to promote APAC market

The Asia-Pacific market is expected to hold the largest share of the global waterproofing membranes market by the end of the review period. Launching megaprojects and smart city initiatives to develop sustainable buildings and constructions may drive the market upward during the study period.

Latin America and MEA market to grow at a decent rate

The development of mining industry in these regions and increased investment in infrastructure development can boost the regional market during the study period.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, providing comprehensive and accurate analysis with respect to various markets and consumers around the world. Market Research Future’s distinguished goal is to provide high-quality research and granular research to customers. Our market research by products, services, technologies, applications, end users and market players for global, regional and national market segments, enables our clients to see more, learn more and do more, which helps answer your most important questions.

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