Waterproofing Membrane Market Analysis

Waterproofing Membrane Market Analysis

Waterproofing membrane market revenue from sheet membrane application is poised to surpass USD 4 billion by 2032. Sheet membranes provide excellent resistance against UV light and are widely used for setting up green roofs. These types of roofs are trending across developed regions as it helps reduce heat indoors.
 

Rapid industrialization leading to increase in infrastructural development should favor product market demand in tunnel & landfills which should further spur the demand for waterproofing membrane. This has resulted in the occurrence of urban heat islands (UHI) which are caused due to the establishment of a larger number of buildings and roads. These infrastructures absorb and re-emit more heat than natural landscapes. Due to this, urban communities are shifting towards the concept of green roofs to limit the heat island effect caused to due to lack of vegetation in cities. This trend would increase the demand for sheet membranes in the years to come.
 

Waterproofing membrane market the roofing end-use segment is slated to exhibit gains at nearly 7% till 2032. Residential and commercial buildings use waterproof coating to reduce the impact of light and heat on the roof. Roof waterproofing materials help prevent possible leaks and creates a barrier to protect structures from rain and snow. It also prevents the formation of fungus and mold to ensure durability. Use of polyurethane waterproofing membranes for roofing offer multiple advantages such as resistance to battery acid, alkaline cleaners, freezing temperature, and corrosion.
 

Rise in need of infrastructural establishments owing to rapid urbanization may favor product development. Moreover, the rising awareness among the building contractors toward the importance of waterproofing walls is estimated to influence the demand for waterproofing membrane.
 

Asia Pacific waterproofing membrane market size exceed USD 6 billion by 2032. Over the last decade, countries such as China and India have witnessed a massive increase in migration of rural populations to urban cities. Increasing government investments in the development of modern infrastructure will foster the need for waterproofing materials. The ongoing expansion of the construction sector will further fuel the demand for advanced roof coating membranes.
 

The green building initiative is gaining high momentum in North America owing to rising environment concern and the increasing support by the government should propel the demand for environment friendly waterproofing membranes. The green building initiative is gaining high momentum in North America owing to rising environment concern and the increasing support by the government should propel the demand for environment friendly waterproofing membranes.