(MENAFNEditorial) Some of the major firms ruling the waterproofing membranes market are Firestone Building Products Company LLC., Carlisle Companies Inc., Sika AG, Soprema Group, GAF Materials Corporation, The DOW Chemical Company, Renolit Se, Johns Manville, Solmax International Inc., and Fosroc International Limited among others. The major plans accepted by the players comprise expansion, mergers & acquisitions, and novel product launches. The enormous capability of the waterproofing membranes market is motivating new players to raid into the waterproofing membranes market. For example, in January 2018, Sika obtained a majority share in Index Construction Systems and Products, thereby powering the development of waterproofing membranes market. On the other hand, stringent government rules are creating challenges for newbies in the waterproofing membranes market.
According to the experts at Zion Market Research, global waterproofing membranes market was capitalized at USD 18.5 Billion in 2016. The waterproofing membranes market is likely to cross USD 31.4 Billion by end of 2022 and is likely to develop at a CAGR of 9.2% from 2017 to 2022.
Browse the full "Waterproofing Membranes Market by Types (Modified Bitumen, PVC, EPDM, TPO, HDPE, LDPE, and Others) for Roofing & Walls, Building Structures, Waste & Water Management, Tunnels & Landfills, Bridges & Highways and Other Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 2022" report at https://www.zionmarketresearch.com/report/waterproofing-membrane-market
Rise In Construction & Building Industry To Power The Development Of Global Waterproofing Membranes Market
The global waterproofing market is likely to register considerable development in the foreseeable period credited to rise in the construction & building industry. In addition to this, increased demand for mining and enhanced quality of construction is also set to power the development of waterproofing membranes market. Rising governmental spending on infrastructure developments in most parts of the developing nations and increasing water & waste management activities are set to power the waterproofing membranes market. Moreover, low labor requirements and low installation cost are the factors boosting the waterproofing membranes market. The superior properties and lightweight nature also boost the waterproofing membrane market.
Bitumen Segment To Dominate The Global Waterproofing Membranes Market In The Near Future
The global waterproofing membranes market can be divided based on application, type, and regions. Based on the type, the global waterproofing membranes market can be bifurcated into PVC, modified bitumen, TPO, EPDM, LDPE, HDPE, and others. Bitumen waterproofing membranes comprise Styrene-Butadiene-Styrene (SBS) bitumen and Atactic Polypropylene (APP) bitumen. Bitumen is broadly employed in buildings for sealing purposes as well as in other structures. On the other hand, bitumen waterproofing membranes application has been barred in North America due to its side-effects on the surrounding. This factor is expected to hinder the development of bitumen segment in waterproofing membrane market in North America. Based on applications, the waterproofing membranes market is divided into building structures, roofing & walls, tunnels & landfills, waste & water management, and bridges & highways among others. Roofing & walls added up for almost 26% of waterproofing membrane market in 2016. Building structures are likely to see noteworthy gains in waterproofing membranes market in the forecast period.
The global waterproofing membranes market is segmented as follows:
By Type
- Modified bitumen
- PVC
- EPDM
- TPO
- HDPE
- LDPE
- Others
By Application
- Roofing & walls
- Building structures
- Waste & water management
- Tunnels & landfills
- Bridges & highways
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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