Waterproofing Membranes Market to accrue commendable proceeds over 2019-2024

The waterproofing membranes market in Germany from the polymers product segment held over 35% share in 2018, ascribed to the mounting construction investments in the region, given the upsurge in population. This population rise is spurring the development of construction and wastewater management in the region, thereby promoting product demand.

In China, the industry demand from the building infrastructure segment held remuneration of over $160 million in 2017. This regional growth can be attributed to proliferation government investment in the construction of residential and non-residential establishments, along with a considerable increase in competition.

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Residential construction trends are proliferating rapidly in recent times, against the backdrop of growing migration to cities, impelling waterproofing membranes market size. The surge in infrastructure investments in tandem with rising household incomes are also likely to contribute heavily to the waterproofing membranes industry growth, particularly in the liquid applied membrane segment.

Emerging trends in the liquid applied membrane application sector will proliferate the development of public infrastructure, given the product’s extensive use in development of bridges, tunnels, tanks, buildings and other underground construction activities.

Furthermore, higher spending on R&D activities and technical progressions will augment product development and mitigate manufacturing costs. Industry expansion is further bolstered by the product’s myriad advantages including durability, heat resistance and energy-efficiency, among others.

In the construction landscape, membranes and coatings are widely applied to prevent contact of the concrete with corrosive substances and water. These products are used largely in order to avoid leaks in reservoirs, tanks and dams.

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Stringent regulatory mandates pertaining to MSW management and effective implementation will facilitate a transformation in the solid waste management sector and are expected to fuel waterproofing membranes market outlook in the years to come.

According to estimates by a Global Market Insights, Inc. report, the global waterproofing membranes market size is expected to exceed $12 billion over 2024.

Considering the product spectrum, the PVC segment is poised to generate a remuneration of over $865 million over 2024. PVC membranes demonstrate significant potential in various applications like flooring, roofing, waterproofing sheets, siding and protective layering. These membranes have gained high prominence owing to beneficial characteristics like less stiffness, high tensile strength, high elongation and water resistance.

On the other hand, the EPDM segment is likely to depict growth of nearly 6.5% through 2024, owing to several advantageous properties like resistance to heat, ozone, hail & fatigue, low-temperature flexibility and shock endurance. The product is highly adaptable to substrates of soil & earth and exhibits high resilience to microbial attacks which may add impetus to waterproofing membranes market growth in the segment.

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The waterproofing membranes market landscape from the walls application was valued at over $415 million in 2017. Liquid applied membranes are extensively used in the wall waterproofing segment in order to ease application and ensure a uniform coat. Rampant urban development and the consequent upsurge in infrastructural developments are anticipated to stimulate industry dynamics.

In the U.S region, the waterproofing membranes industry share from the landfills and tunnel application garnered revenue of over $70 million in 2017. Rising government expenditure on public infrastructural developments like tunnels, bridges, institutes and manufacturing plants asserts a significantly positive influence on the waterproofing membranes market forecast. Likewise, population expansion, improving economic conditions alongside rapid industrialization and strict government mandates have resulted in the escalation of the wastewater treatment sector in the region, in turn stimulating product demand.

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