The global waterproofing membranes market size is expected to reach USD 30.91 billion by 2028 according to a new study by Polaris Market Research. The report “Waterproofing Membranes Market Share, Size, Trends, Industry Analysis Report, By Product (Liquid Applied Membranes, Sheet Membranes); By Application; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The main factors that will boost the growth of the global market for waterproofing membranes during the forecast period include rapid urbanization in emerging economies and substantial infrastructural spending by governments in many parts of the region. Environmentally friendly practices such as green building, green roof, and water management are also expected to contribute to market growth significantly.
Countries across the globe are giving utmost importance to improve their infrastructure by spending billions of dollars on many projects related to roads, bridges, airports, railways, hospitals, tunnels, and others. China is constructing some of the most significant infrastructure projects globally and looks to lend USD 8 trillion in 68 countries for various developmental projects.
Brazil’s government, in 2020, announced that it is looking to raise USD 56 billion for infrastructure investments through the private sector. Similarly, India is looking to invest USD 75 billion on various projects. This will increase the demand for waterproofing membranes as they enhance the quality of buildings and structures.
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Liquid applied waterproofing and sheet are major membrane types. Liquid applied segment is mostly used type and is anticipated to register the high growth rate during the forecast period due to their thermal-reflective properties for any external surface use. Polyurethane liquid applied waterproofing products are expected to grow fastest due to their flawless finishing and simple and quick installation.
The emergence of COVID-19 is expected to marginally hinder the growth of the global market during the forecast period since many infrastructural projects are getting stalled because of economic slowdown. The difficulty in acquiring raw materials and labor force has also significantly impacted the construction industry, which will negatively affect the industry.
Industry participants such as Bayer MaterialScience AG, Isomat S.A., Saint-Gobain Weber GmbH, Maris Polymers, Alchimica Building Chemicals, CICO Technologies Ltd., Fosroc Ltd., GAF Materials Corporation, DuPont, Dow Chemical Company, Kemper System America, Inc., Paul Bauder GmbH & Co. KG, BASF SE, Pidilite Industries Ltd., and Sika AG are some of the key players operating in the global industry.
Polaris Market Research has segmented the waterproofing membranes market report on the basis of product, application, and region:
Waterproofing Membranes, Product Outlook (Volume – Million Square Meters; Revenue – USD Million, 2016 – 2028)
- Liquid Applied
- Polyvinyl Chloride (PVC)
- Ethylene Propylene Diene Monomer (EPDM)
Waterproofing Membranes, Application Outlook (Volume – Million Square Meters; Revenue – USD Million, 2016 – 2028)
- Building Structures
- Landfills & Tunnels
Waterproofing Membranes, Regional Outlook (Volume – Million Square Meters; Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa