Global Waterproofing Membrane Market: Overview
Waterproofing is a necessary activity as it helps in maintaining the structural integrity of a foundation. Due to their superior water-resistant performance, waterproofing membrane finds application in a number of end-user industries, including construction, civil, transportation, and water and wastewater treatment. These membranes are made of up of different types of materials such as modified bitumen, ethylene propylene diene monomer (EPDM), thermoplastic polyolefin (TPO), polyvinyl chloride (PVC), high-density polyethylene (HDPE), and low-density polyethylene (LDPE).
The flourishing growth of end-user industries, especially in emerging economies, is one of the primary factors augmenting the global market for waterproofing membranes. The report is a professional study encompassing all the important aspects of the waterproofing market, including its dynamics, geographical and application segmentation, and vendor landscape.
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Global Waterproofing Membrane Market: Drivers and Restraints
Waterproofing membrane offers various benefits such as energy efficiency, cost-effectiveness, high durability, and heat resistance. These benefits are driving their demand for applications such as roofing and building structures. The booming construction industry in China and other emerging countries is also working in favor of the market. The rapidly growing population in developing countries is leading to increase in residential construction projects. Moreover, the soaring global demand for waterproofing in the mining sector is stoking the growth of the market.
However, the sluggish growth of the construction industry in Europe is restricting the global waterproofing membrane market from realizing its utmost potential. On the other hand, the rapid urbanization in developing regions such as Asia Pacific and Latin America are creating a strong need for water and waste management activities, which in turn is unfolding ample growth opportunities for the overall market.
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Global Waterproofing Membrane Market: Geographical Segmentation
From the geographical standpoint, the report segments the global waterproofing membrane market into North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa. Asia Pacific will account for a substantial share in the global market. The rising urban population is providing a significant push to the construction and wastewater management industry, which in turn is triggering the demand for waterproofing membrane in the region. Emerging countries such as India and China will be at the forefront of the growth of the region.
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