Increasing Demand for Bitumen Set to Fuel Growth in Waterproofing Membranes Market from 2019 to 2027: TMR

- Growing population is contributing to increasing construction volume and that in turn is driving market on an upward growth trajectory

- North America is anticipated to grow at a steady pace over the forecast period while Europe is set to account for a notable share of the market in terms of value

ALBANY, N.Y., Sept. 10, 2020 /PRNewswire/ -- From 2019 to 2027, the global waterproofing membranes market is set to grow at a compound annual growth rate of about 7%. This is set to translate into a higher market worth as well as gainful growth opportunities over the aforementioned forecast period.

As per Transparency Market Research, "Novel growth opportunities will emerge in the developing regions of the world such as Middle East and Africa, Latin America, and Asia Pacific as an outcome of economic growth, which is leading to rapid urbanization."

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Key Findings of Global Waterproofing Membranes Market Study:

• The bitumen segment under the material category is set to contribute notably to growth in global waterproofing membranes market over the forecast period
• Excellent physical properties of bitumen aid growth in its demand, especially in construction of buildings
• Region-wise, North American region is set to provide lucrative growth opportunities to market players over the forecast period

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Key Drivers of Growth in Global Waterproofing Membranes Market:

• Expansion in building and construction across the world is leading to a higher demand curve for waterproofing membranes market over the forecast period
• Increasing population across the world is creating demand for larger number of housing units, recreational centers, offices and developmental infrastructure
• By 2050, global population would reach a hefty number of 9.7 billion – an addition of 2 billion from current figure

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Regional Analysis of Global Waterproofing Membranes Market:

• Increasing use of eco-friendly material in the North American region is set to aid growth in the region at a steady pace over the forecast period
• Increasing volumes of construction in the region is also a notable factor of growth in the North American market of waterproofing membranes
• Europe dominated the market landscape in terms of value in the year 2018 and the trend is set to continue into the forecast period
• In the European region, Germany is anticipated to hold a notable share of the market owing to expansion in building and construction sector
• Growing population in the Asia pacific (APAC) region coupled with notable economic growth in a number of countries in the region is fuelling growth in the market

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Competitive Landscape of Global Waterproofing Membranes Market:

The global waterproofing membranes market is a fragmented vendor landscape with a number of players operating in it. Some of the top ones that are also covered comprehensively by Transparency Market Research are BASF SE, Pidilite Industries Ltd., Carlisle Companies Inc., Fosroc International Ltd, Dow Chemical Company, GAF Materials Corporation, SIKA AG, Solmax, Paul Bauder GmbH & Co.KG, Maris Polymers, Soprema Group, Alchimica Building Chemicals, Johns Manville, CICO Technologies Limited, and Kemper System America, Inc., among others.

TMR, in its market report, enumerates essential and insightful details such as information on financials, product details, recent developments and business strategies. It is quite interesting to note here that companies are actively engaging in growth measures – mix of organic and inorganic strategies. Some of these include entering key alliances such as mergers and acquisitions, partnerships and collaborations, and joint ventures for expansion purposes.

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Global Waterproofing Membranes Market: Research Scope

Waterproofing Membranes Market by Material

• Bitumen
• Thermoplastic Olefin (TPO)
• Polyvinyl Chloride (PVC)
• Ethylene Propylene Diene Monomer (EPDM)
• Others (including Ethylene Vinyl Acetate [EVA], High-density Polyethylene [HDPE], and Low-density Polyethylene [LDPE])

Waterproofing Membranes Market by Type

• Liquid-applied Membranes
• Sheet-based Membranes

Waterproofing Membranes Market by Application

• Roofing & Walls
• Building Structures
• Water & Waste Management
• Landfills & Tunnel Liners
• Others (including Bridges & Highways and Marine)

Waterproofing Membranes Market by Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Russia & CIS
• Netherland
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• ASEAN
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa

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