Waterproofing Membranes Market Global Industry Growth, Size, Trends, Insights and 2022 Forecast
The [168 Pages report] Waterproofing Membranes Market size was USD 25.80 billion in 2017 and is projected to reach USD 40.19 billion by 2022, at a CAGR of 9.3%. Waterproofing membranes provide various advantages such as environmental sustainability requirements, energy savings, lightweight properties, durability, recyclability, easy installation, superior heat resistance, high flexibility, and excellent environmental resistance. The increasing government investments for improved infrastructure are leading to an increase in the demand for waterproofing membranes.
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The roofing & walls is the largest application of waterproofing membranes. The growth of the segment is mainly due to the increased protection requirement from moisture and cracks in ceilings, roofing, and walls, along with an increased need for repair and maintenance of waterproofing membranes.
Carlisle Companies Inc. (U.S.), Firestone Building Products Company, LLC (U.S.), Soprema Group (France), GSE Environmental (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Johns Manville (U.S.), Sika AG (Switzerland), and GAF Materials Corporation (U.S.) are some of the key players that are actively present in the waterproofing membranes market.
Sika AG (Switzerland) is involved in the development and manufacturing of waterproofing membranes. The company follows strategies, including expansion and acquisition, to increase its global market share. For instance, in March 2016, Sika AG strengthened its position in the Middle East by establishing a national subsidiary in Kuwait. This was its 94th subsidiary globally, and in line with its growth strategy for expanding the company’s international presence to 100 national subsidiaries by 2018. In January 2017, the company acquired Bitbau Dörr, a major manufacturer of waterproofing membranes located in Austria to broaden its customer base in Europe.
Carlisle is one of the largest innovation-driven companies. The company is mainly into new product and technology launch as a business strategy to increase its revenue in the waterproofing membranes market. For instance, in 2016, the company introduced a re-engineered blindside waterproofing system, with twice the puncture resistance of rigid HDPE systems. This technology is a combination of MiraPLY-H with SeamLOCK and is a 70- mil thick, self-adhering blindside waterproofing system designed for under-slab applications.
Key Target Audience:
- Manufacturers of Waterproofing Membranes
- Traders, Distributors, and Waterproofing Chemicals Suppliers
- Regional Manufacturer Associations and General Waterproofing Membranes Associations
- Government and Regional Agencies and Research Organizations
- Investment Research Firms
APAC is the largest and the fastest-growing market for waterproofing membranes, in terms of both value and volume, followed by North America and Europe. High availability of required feedstock and manpower for installation, low labor cost, and favorable government outlook are expected to boost the waterproofing membranes market in the region. North America has higher investor confidence due to favorable government policies and demand-supply gap that encourage capacity expansion in the region. Thus, the region is estimated to witness a high growth rate due to the growing roofing and geomembranes market in countries such as the US and Mexico.
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