Global Waterproofing Membranes Market size worth $14 bn by 2026

Waterproofing Membranes Market demand is set to surpass USD 14 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

Waterproofing membranes are thin-layered materials laid over a surface to protect it from water. These products are majorly used to protect the structural integrity of concrete while it is being formed or coated on products submerged in water to protect them from corrosion. Significant growth of the infrastructure sector in China, India and Japan owing to economic growth and government initiatives supporting the infrastructure sector is driving the market.

 

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Strong capability to protect outer surfaces to drive the demand for polymer modified cement membranes

The global waterproofing membranes market share from polymer modified cement witnessed a consumption of over 2.5 billion sq. mtrs. in 2018. These membranes are ideal for protecting the outer surfaces of structural components and buildings from long-term or periodic wetting, and high or low hydrostatic pressure. Global construction market spending surpassed USD 11 trillion in 2018 owing to rising industrialization and urban population increase which should create market opportunities.
 

Polymer modified cement slurries are non-toxic, easy to use, provide a fully bound, joint-free and monolithic surface. They are ideal for substrates with complex surface shapes & damp mineral surfaces and their physical properties are not temperature-dependent unlike other waterproofing membranes which should drive market demand. These membranes are commonly used in substrates which are difficult to adhere to such as aerated lightweight blocks, gypsum, steel and wood, along with substrates vulnerable to shrinkage & crack formation, which is driving the market.
 

Global Waterproofing Membrane Market Size, By Roofing End-Use, 2018 & 2026, (USD Billion)
 Global Waterproofing Membrane Market Size, By Roofing End-Use, 2018 & 2026, (USD Billion)

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High wear resistance to drive the demand for sheet membrane applications

Sheet membranes are well-suited for waterproofing tiled surfaces such as bathrooms and showers which should create market opportunities. These products offer consistent, continuous thickness, strong adhesive features, ability to bond to most surfaces and excellent toughness. Sheet waterproofing membranes are routinely used in structural slabs, tunnels, hospitals, bridges, office construction, schools and commercial projects which should trigger market growth.
 

Sheet waterproofing membranes offers various benefits such as high wear & puncture resistance, weather tolerance, long-term protection and easy applications. They find widespread usage in below-grade foundations & walls, beneath kitchens, toilet facilities, thick set mortar, mechanical rooms and shower pans which should trigger market growth. These membranes are environment-friendly, UV stable and recyclable and chemical resistant, thus ensuring long-lasting protection.
 

Browse key industry insights spread across 430 pages with 480 market data tables and 52 figures & charts from the report, “Waterproofing Membrane Market Size By Application (Sheet Membranes, Liquid Applied Membranes), By End-Use (Building Structures, Roofing, Walls, Landfills & Tunnels), By Product (Polymers [PVC, TPO, EPDM, Polyurethane], Polymer Modified Cement, Bitumen [SBS, APP]), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/waterproofing-membrane-market
 

High flexibility to trigger growth of landfills & tunnels end-use segment

The global waterproofing membranes market size from landfills & tunnels end-use should register over 5.5% gains by 2026. These membranes establish a strong protective layer which maintains a watertight seal for a long time. Their high flexibility allows them to deal with temperature variations and structural movements without deterioration or tearing. The World Bank estimates that over 35% of all waste generated globally is dumped in landfills which should augment market growth.
 

Waterproofing membranes ensure the quality and safety of tunnel usage. These materials prevent the penetration of water into underground structures such as tunnels & landfills, thus allowing durability and safe operation. They are resistant to rotting, ageing, swelling, & combustion and maintain water-tightness even when severely deformed. Tunnels have significantly long design lives ranging from 50 years to 150 years which should stimulate the market for waterproofing membranes pertaining to their ability to protect the bearing structure and traffic area from water ingression.
 

Growing upgradation of underground structures in Germany to stimulate the market demand

Germany waterproofing membranes market share surpassed USD 515 million in 2018. These materials provide various cost-effective design options by allowing the upgrading and rehabilitation of existing underground structures. Germany witnessed the construction of over 180 km of transportation tunnels in 2017 which represents ample growth opportunities for the market. These membranes also help save money by reducing the frequency of roof repairs, lowering maintenance costs and extending roof life which should stimulate industry growth.
 

Liquid applied membranes allow convenient application and rapid curing which does not delay other operations, thus reducing lost-time cost and stimulating market demand. Moreover, their ease of application ensures cost savings by reducing labor expenses. Germany construction market size surpassed USD 350 billion in 2018 owing to growing housing demand which should accelerate market share.
 

Various manufacturers are engaged in strategic collaborations to improve their customer offering which should promote waterproofing membranes market growth. The primary market players are W.R. Meadows, CICO Technologies, Fosroc, Pidilite, Johns Manville, Soprema Group, Fairmate Chemicals, Cangzhou Jiansheng Building Waterproof Material and Synergies.
 

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