India Waterproofing Membrane Market Growth and Share, Revenue Upcoming Trends Key Players, Future Opportunities and Competitive Analysis 2032: SPER Market Research
A thin layer of material used to stop water from penetrating surfaces and building structures is referred to as a waterproofing membrane. Installed over roofs, foundations, basements, and other surfaces susceptible to water intrusion, these membranes are usually made of bitumen, polymer-modified asphalt, or synthetic materials such as PVC or EPDM. Their main purpose is to produce a seamless barrier that increases the resilience of structures against mechanical damage, moisture, and UV rays. Membranes for waterproofing construction can be found in a variety of forms, including sheets, liquid-applied coatings, and pre-formed membranes, each designed to meet specific building requirements and weather circumstances.
As per the findings of SPER Market Research's report titled "India Waterproofing Membrane Market Size- By Material, By Membrane Type, By Type of Roof Construction, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032," the market is expected to grow at a compound annual growth rate of 8.34% and reach USD XX billion by 2032.
The transformation of low- and middle-income regions into emerging or developing ones is facilitated by infrastructure. The main forces behind infrastructure spending are the ongoing urbanization of industrialized economies and the rapid urbanization of emerging regions in India for the Waterproofing Membrane Market. An enormous need for both public and private sector infrastructure expansions, such as power plants, electrical grids, water supply and treatment facilities, highways, trains, airports, bridges, telecommunications networks, schools, and hospitals, has been created by an increase in infrastructure spending. Strong, lightweight, long-lasting, adaptable, and high-performing materials are needed in the building and construction sector.
The use of waterproofing chemicals or membranes presents risks to human health and the environment. Waterproofing membranes, when applied in spray form, can be hazardous to the user and nearby workers. These chemicals may contain fluorinated compounds, which can cause lung trauma, chemical pneumonitis, and other respiratory problems when they enter the respiratory system. Similarly, workers may be exposed to volatile fumes when applying bitumen-based membranes. Prolonged exposure to these fumes can cause health problems like bronchitis or nasal irritation. Additionally, workers with long-term employment histories have been more likely to exhibit nasal and pharyngeal symptoms.
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The construction sector was impacted by the COVID-19 epidemic. In India, COVID-19 led the construction sector into an uncharted operating environment. Government limits on the quantity of individuals that can congregate in one location had a negative effect on the sector. The building sector is primarily dependent on imports for materials including fixtures, steel, copper, and aluminum. Construction activities have been disrupted by the closure of numerous raw material suppliers due to government limitations, workforce shortages, and logistical challenges.
In the western region of India, Maharashtra holds the highest share in the India Waterproofing Membrane Market. The need for waterproofing solutions is fueled by the region's substantial industrial activity and infrastructure expansion. Major players in this market are Asian Paints Limited, BASF, Chryso India, CICO Technologies Limited, Fosroc Chemical India, GCP Applied Technology India.
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India Waterproofing Membranes Market Growth
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