Press release
Waterproofing Membrane Market to Record a CAGR of 5.7% Over 2024-2032
Waterproofing Membrane Market
A waterproofing membrane is a specialized layer of material strategically placed within a structure to mitigate the detrimental effects of water intrusion. These membranes function as barriers, effectively preventing the passage of moisture through surfaces that are susceptible to exposure. They are widely utilized in the construction industry to safeguard buildings, roofs, foundations, and other structural elements from the damaging consequences of water infiltration.
The COVID-19 pandemic severely disrupted global logistics and transportation, hindering the timely delivery of materials and products and increasing freight costs and supply chain complexities. However, this crisis also spurred the waterproofing membrane industry to embrace technological advancements, prioritize sustainability, and build more resilient supply chains, positioning it to adapt to the new normal and thrive in the recovering construction sector.
Fortune Business Insightsโข displays this information in a report titled, "Waterproofing Membrane Market, 2024-2032."
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/waterproofing-membranes-market-102393
๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐:
โถ Sika AG (Switzerland)
โถ GCP (U.S.)
โถ Asian Paints (India)
โถ BASF SE (Germany)
โถ Fosroc, Inc. (UAE)
โถ MAPEI S.p.A. (Italy)
โถ Pidilite Industries Limited (India)
โถ RPM International Inc. (U.S.)
โถ Dow Inc. (U.S.)
โถ Tremco Incorporated (U.S.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ก๐๐๐ญ ๐๐๐ฌ๐๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐จ๐ ๐๐๐ฏ๐๐ง๐๐๐ ๐๐๐ฐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ๐ฌ
Based on type, the market is classified into liquid applied and sheet based. The sheet based segment dominated the global market share in 2023 and is expected to experience significant growth during the forecast period. The development of advanced materials, such as modified bitumen, PVC, TPO, and EPDM membranes, which offer enhanced durability, flexibility, and resistance to UV radiation and chemicals, is projected to fuel the segment's growth.
๐๐จ๐จ๐๐ข๐ง๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ฎ๐ซ๐๐๐ฅ๐, ๐๐๐๐ข๐๐ข๐๐ง๐ญ, ๐๐ง๐ ๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐จ๐จ๐๐ข๐ง๐ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ
Based on application, the market is segmented into roofing, walls, building structures, landfill & tunnels, and others. The roofing segment led the waterproofing membrane market in 2023. This dominance is attributed to the growing demand for durable, efficient, and sustainable roofing solutions.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/waterproofing-membranes-market-102393
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading applications, types, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
๐๐ฆ๐ฉ๐ก๐๐ฌ๐ข๐ฌ ๐จ๐ง ๐๐ง๐๐ซ๐๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐๐ฉ๐ ๐ซ๐๐๐๐ฌ ๐ข๐ง ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ข๐ง๐ ๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ญ๐จ ๐๐ซ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Many developing nations are strongly emphasizing upgrading their infrastructure to support economic progress. China, India, and Brazil are dedicating substantial resources to infrastructure projects, such as highways, bridges, airports, and water management systems. These large-scale projects require robust waterproofing solutions to ensure longevity and proper functioning. For instance, China's massive infrastructure and economic development project, the Belt and Road Initiative, is expected to generate significant demand for waterproofing membranes across various construction projects. Together, these factors will contribute to the growth of the market.
However, the waterproofing membrane market growth is expected to be held back as the manufacturing processes for membranes are complex and require advanced equipment and technology.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ ๐ญ๐จ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ญ๐ซ๐ฎ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
Asia Pacific holds a significant global waterproofing membrane market share and is expected to experience rapid growth in the coming years. The region's increasing demand for waterproofing membranes can be attributed to the thriving construction industry, which encompasses new projects and renovation activities.
North America is poised to witness substantial growth, driven by rising commercial real estate investments, consumer expenditures, and industrial activity.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ญ๐จ ๐ ๐จ๐๐ฎ๐ฌ ๐๐ง ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐ญ๐จ ๐๐ญ๐ซ๐๐ง๐ ๐ญ๐ก๐๐ง ๐ญ๐ก๐๐ข๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง
The leading companies operating in this market are increasing their focus on adopting strategic initiatives, such as acquisitions and product developments to increase their customer base. They are also partnering with regional building and construction companies to establish their presence and focusing on offering sustainable solutions to diversify their product ranges.
๐๐จ๐ญ๐๐๐ฅ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
October 2022: Sika acquired a majority stake in Index Construction Systems and Products, a prominent roofing and waterproofing systems manufacturing company near Verona, Italy. Through this acquisition, Sika aimed to expand its product offerings and strengthen its presence in the Italian market and beyond with around 100 distributors, including South Africa.
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐: https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393
๐น๐๐๐๐๐๐ ๐น๐๐๐๐๐๐ -
Cement Market: https://www.fortunebusinessinsights.com/industry-reports/cement-market-101825
Precast Concrete Market: https://www.fortunebusinessinsights.com/precast-concrete-market-103301
Geomembranes Market: https://www.fortunebusinessinsights.com/geomembranes-market-103024
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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