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Waterproofing Membranes Market to witness remarkable proceeds over 2024, global industry valuation to exceed USD 10.5 bn by 2024

Author : Rahul Varpe | Published Date : 2019-03-28 

Positive outlook towards durable material usage in construction should drive Waterproofing Membranes Market 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.

In an era where ecological competence has gained a pivotal importance in construction sphere, waterproofing membranes market is set to emerge as one of the most opportunistic business spheres of polymers and advanced materials industry. Pertaining to the growing concerns over environmental degradation and resource limitation, green roofs of late, are claimed to be the most widespread preference in the construction community. Needless to say, waterproofing membranes are absolutely critical for establishing these types of green roofs. While some are intrinsically impervious, most of these roofs require some kind of treatment to prohibit any kind of water leakage into the building.

To access a sample copy or view the Waterproofing Membranes Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/173

Regionally, China has emerged to be one of the profitable growth avenues for waterproof membrane market, primarily on account of the increasing infrastructural development and industrialization in the country. The growing infrastructural activities, in consequence, has tremendously upscaled the energy consumption in the China’s building sector, which by extension has generated a massive demand for waterproofing membranes in the region.

Statistics indicate that energy consumption of buildings in China accounts for nearly 15% to 16% of the total energy consumption of the nation. To speak of the product landscape, bitumen membranes, as it is observed, have been gaining a sheer popularity in China market for roofing applications, subject to its excellent adhesion properties and favorable regional governmental norms. As per estimates, China bitumen waterproofing membranes industry share from roofing applications is set to exceed USD 250 million by 2024.

Companies partaking in this moderately consolidated business space are deemed to witness lucrative opportunities over the ensuing years, given the rising preference of green buildings both across developing as well as developed nations. In the face of intense share battle, waterproofing membranes market players have been increasingly joining forces with one another to come up with innovative solutions, in a bid to substantiate their position.

Recently for instance, BASF, one of the leading waterproofing membranes market giants, collaborated with SoloPower Systems, to launch a multi-layered seamless roofing system that would act as an interface between the environment and building. Reportedly, this highly enhanced multi-layered water proofing membrane holds considerable opportunities for cost effective energy saving in buildings. This breakthrough system, as per reliable sources is comparatively 60% lighter than the conventional roofs, subject to its unique architecture.  Backed by a slew of advantages with regards to energy efficiency and environmental viability, this groundbreaking roofing system plausibly would bring a disruption in the waterproofing membranes market.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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