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Elastomeric Membrane Market Size

Report ID: GMI8473
Published Date: Mar 2024
Report Format: PDF

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Elastomeric Membrane Market Size

Elastomeric Membrane Market was valued at around USD 42 billion in 2023 and is anticipated to register a CAGR of over 7.2% between 2024 and 2032. The future looks promising for elastomeric membranes in construction. With their impressive flexibility, durability, and ability to withstand harsh weather conditions, the demand for these waterproofing solutions is on the rise. As builders increasingly prioritize effective waterproofing, the market for elastomeric membranes is expected to see significant growth.

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There is global upsurge in building projects, particularly in expanding cities will boost market share. In addition, more and more builders are searching for more effective techniques to keep buildings dry as they become aware of the issues brought on by water damage. As a result, there is a significant need for durable waterproofing materials, such as elastomeric membranes. The market for these membranes will expand along with the requirement for waterproofing, resulting in fresh concepts and advancements for the building sector.

Elastomeric Membrane Market Report Attributes
Report Attribute	Details
Base Year:	2023
Elastomeric Membrane Market Size in 2023:	USD 42.3 billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.2%
2032 Value Projection:	USD 79.1 billion
Historical Data for:	2018 – 2023
No. of Pages:	350
Tables, Charts & Figures:	530
Segments covered:	Material Type, Application, End-Use Industry
Growth Drivers:	Increased emphasis on sustainability Rising demand for waterproofing solutions Urbanization and infrastructure development Continuous research and development efforts
Pitfalls & Challenges:	Competition from alternative materials Environmental concerns and regulations

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The elastomeric membrane market encounters main challenges, such as competition from alternative materials and potential performance issues. Despite their durability, inadequate installation or upkeep could result in membrane failure, leading to water infiltration and structural harm. Additionally, advancements in waterproofing materials and technologies pose a threat to elastomeric membranes. Addressing these hurdles necessitates ongoing innovation to enhance efficiency and differentiate the product from competitors, along with effective marketing strategies to highlight the benefits of elastomeric membranes over alternatives.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of elastomeric membrane was reached USD 42 billion in 2023 and is poised to expand at over 7.2% CAGR between 2024 and 2032 owing to the global upsurge in building projects, particularly in expanding cities.

The ethylene propylene diene monomer segment reached USD 16.5 billion in 2023 and is projected to witness high demand till 2032, due to its flexibility, durability, and exceptional resistance to weathering.

Asia Pacific elastomeric membrane market size accounted for USD 12.4 billion in 2023 and is estimated to record substantial growth through 2032, due to the uptick in construction, urbanization, and infrastructure endeavours.

Some of the top companies engaged in the elastomeric membrane industry are BASF SE, Carlisle Construction Materials, Firestone Building Products, GAF Materials Corporation, Henry Company, Johns Manville, Mapei Corporation, Sika AG, SOPREMA Group, Tremco Incorporated, Triflex GmbH & Co. KG, and W. R. Grace & Co.