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DUBLIN--(BUSINESS WIRE)--Dec 2, 2022--
The "Waterproofing Membranes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global waterproofing membranes market reached a value of US$ 24.2 Billion in 2021. Looking forward, the market is expected to reach a value of US$ 35.01 Billion by 2027, exhibiting a CAGR of 6.35% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A waterproofing membrane is a thin layer of material placed over a surface to prevent water leaks or damages. It is made using various materials, such as asphalt, polymers and tackifiers, and may contain mineral stabilizers. It is widely used to prevent water from affecting the structural integrity of the concrete and can be coated on different items to prevent corrosion.
As a result, it finds extensive applications in roofing, walls, building structures, tunnel liners, bridges, highways, and water and waste management across the globe.
Waterproofing Membranes Market Trends:
At present, there is a rise in the utilization of waterproofing membranes in the waste and water management sector to provide protection from chemical attacks or abrasion damage caused by rapid water flow.
This, along with the increasing awareness about the potential water disasters affecting water management programs, represents one of the key factors driving the market across the globe. Moreover, the rising employment of waterproofing membranes in the building structures to provide strength, flexibility and resistance to differential movement is propelling the growth of the market.
In addition, the escalating demand for cost-effective and efficient waterproofing membranes around the world is offering lucrative growth opportunities to end-users. Besides this, governments of several countries are extensively investing in bridges, tunnels, manufacturing plants and institutes, which is positively influencing the market.
Additionally, the increasing demand for thermoplastic polyolefin (TPO) roofing membranes that offer exceptional resistance to ultraviolet (UV), chemical exposure and ozone is stimulating the market growth.
Some of the factors projected to stimulate the growth of the market in the coming years include rapid urbanization, economic development, and an increasing focus on developing green roofs.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Product:
Breakup by Usage:
Breakup by Application:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/pna6rn
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KEYWORD:
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/02/2022 06:04 AM/DISC: 12/02/2022 06:04 AM
http://www.businesswire.com/news/home/20221202005156/en