Waterproofing Membranes Market Research Insights 2022-28
The global waterproofing membranes market is estimated to be valued at USD 21,473.7 Million in 2021, and it is expanded to grow at a significant CAGR of 7.2% over 2022-2028. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on. The research report “Waterproofing Membranes Market: By Product (Polyvinyl Chloride (PVC), Bitumen, TPO, Ethylene Propylene Diene Monomer (EPDM), and Others), By Application (Building Structures, Tunnels & Landfills, Roofing & Walls, Bridges & Highways, and Others), By Type (Liquid Applied Membranes, and Sheet Based Membranes) and Geography.”
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The Waterproofing Membranes Market Overview:
Concrete is given a waterproofing membrane, which aids in preventing water intrusion and makes maintenance simple. The waterproofing membranes are easily stretched to fill cracks and are robust, elastic, flexible, and tear-resistant. The building and construction sector is increasingly using sheet-based membranes and liquid-applied membranes. The production of waterproofing membranes that are UV resistant, and offer excellent ductility, transparency, tear resistance, abrasion resistance, & chemical stability is receiving more and more attention from manufacturers. In order to make concrete water tanks watertight, businesses are also concentrating on producing membranes that provide safety. These membranes must ensure that no cross-contamination or negative impacts can happen.
The Waterproofing Membranes Market Growth Factors:
The demand for waterproofing membranes is increasing as a result of significant advancements in infrastructure for water storage and treatment as well as water conservation measures across several nations. Waterproofing membranes' dependability and durability make it possible to meet the needs of even the most demanding underground structures, such as those that are subjected to extremely harsh stress on ground conditions. As the world's population grows, so does the demand for infrastructure and buildings that are more reliable and reliant. The high demand for buildings that use less energy is driving up the demand for high-performance construction materials. Additionally, during the forecast period, a sizable portion of the market revenue growth is anticipated to be driven by the necessity to preserve the structural stability of newly constructed structures.
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The Waterproofing Membranes Market Regional Analysis:
Europe dominated the world market for waterproofing membranes in terms of value. Due to the expansion of the construction industry and the increasing requirement for waterproofing membranes in water systems, bridges, and highways, the area is anticipated to continue to be very profitable for the market throughout the forecast period. Due to the country's rapid growth in the construction sector, India is a key player in the Asia Pacific waterproofing membranes market.
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