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Waterproofing Membranes Market growth will be driven by increasing demand in the construction applications by 2024

Author : Rahul Varpe | Published Date : 2019-04-22 

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.

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 .

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.

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.

Waterproofing Membrane Market By Product

  • Polymers
  • PVC
  • TPO
  • EPDM
  • Polyurethane
  • Others
  • Bitumen
  • SBS Bitumen
  • APP Bitumen
  • Polymer modified cement
  • Others

Waterproofing Membrane Market By Application

  • Light applied membranes
  • Sheet membranes

Waterproofing Membrane Market By End-Use

  • Roofing
  • Walls
  • Building structures
  • Landfill & tunnels
  • Others

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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