Waterproofing Membranes Market research report by 2016 to 2024
Waterproofing
Membrane Market is set to exceed USD 10.5 billion at the end
of 2024; according to a new research report by Global Market Insights, Inc.
Positive
outlook towards durable material usage in construction should drive industry
growth. These products are widely used in installing and designing kitchens,
laundries, and bathrooms. Raw material availability along with properties such
as reduction in fluid permeability, UV resistance, and flexibility should
enhance product demand.
Increasing
government initiatives for infrastructural spending in Japan, China, India,
Thailand, Malaysia, and Indonesia should drive product demand. Manufacturing
companies are initiating technology innovation for new product development to
provide better planning, overall concrete protection, and cost reduction, which
further stimulate industry growth.
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Polymer waterproofing membrane market size
should generate over USD 5 billion in business by 2024. These are applied to
prevent water migration and treat porous surface through seams or substrates.
EPDM, TPO, PVC, and polyurethane are widely used in building structures and
walls & roofing process.
Rising TPO application scope in commercial
roofing systems owing to low cost, ease of installation, flexibility, recyclability
should drive polymer based product demand.
Polypropylene and bitumen are key raw
materials used for manufacturing process. Volatile crude oil costs along with
raw material unavailability may hinder the industry profitability. These raw
materials will have tight supply dynamics and affect waterproofing membrane
market price trend.
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China bitumen membrane
market size from roofing applications is set to exceed USD 250 million at the
end of forecast period. Atactic polypropylene (APP) butadiene and SBS bitumen
are used for sealing purposes in construction buildings.
U.S. waterproofing
membrane market should witness significant gains over the foreseeable future.
Increasing concern towards water and waste management should drive regional
industry growth.
Increasing
applications scope for PU based liquid waterproofing membrane for end-use
applications such as roofs, wet area, decorative waterproofing and parking
decks should favor product demand. Polyurethanes are widely used in industry on
due to ease of application and uniformity should favor polymer market growth
demand.
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Sheet waterproofing membrane market size should witness steady
gains and surpass USD 3 billion by 2024. They are applied to roofs, kitchen
floors, walls, balconies, bathrooms and wet rooms due to its low cost, safety
and low maintenance properties.
UK waterproofing membrane market size should witness significant
gains. Favorable government regulations on account of increasing infrastructure
development should stimulate regional growth.
Global waterproofing membrane market share is fragmented. BASF,
Sika AG, Pidilite Industries, and Paul Bauder are key notable companies. Other
industrial participants include DuPont, Dow, CICO Technologies, Kemper System,
Fosroc, and GAF Materials.
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Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom
research reports along with growth consulting services. Our business
intelligence and industry research reports offer clients with penetrative
insights and actionable market data specially designed and presented to aid
strategic decision making. These exhaustive reports are designed via a
proprietary research methodology and are available for key industries such as
chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
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Waterproofing Membranes Market research report by 2016 to 2024
Reviewed by Pradip Varpe
on
January 23, 2018
Rating:
Reviewed by Pradip Varpe
on
January 23, 2018
Rating:
Waterproofing Membranes Industry, By Region U.S. market size, should witness growth at around 5.5%. Materials forcing the manufacturers to exclude fluorocarbons. Epdm liquid rubber roof coating is good in this regard.
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