Global Waterproofing Membranes Market- Size, Share, Competitive
Analysis and Driving Factors to 2027
Waterproofing Membranes Market: Key Highlights
The global waterproofing membranes market was valued at ~US$ 19
Bn in 2018 and is anticipated to expand at a CAGR of ~7% during the forecast
The global waterproofing membranes market is primarily driven by growth in the
construction industry and rise in the need to improve the quality of construction.
Emerging and developed economies across the globe are carrying out
infrastructure developments such as roadways, railroads, and river bank
protection projects to sustain economic growth. These civil construction projects
boost the consumption of waterproofing membranes, which are commonly
accepted as durable and long-lasting products.
Key Drivers of Waterproofing Membranes Market
Waterproofing membranes are extensively employed in commercial, residential,
and industrial structures, as these protect surfaces from harsh climatic conditions.
Macroeconomic factors such as improvement in economic conditions in
developing countries, growth in purchasing power, and recovery of Europe from
the debt crisis are boosting the consumption of waterproofing membranes. End
users of waterproofing membranes, such as construction, mining, roofing, and
landfills & tunnels, have been expanding their business substantially since the last
Waterproofing is paramount to the success of green roofs. Waterproofing
membranes help prevent the entry of water into a building and act as barrier
against damage from root penetration. These membranes also provide better
tolerance to high temperature, roof drainage falls, airtightness, and vapor control
to buildings. These factors are estimated to make waterproofing membranes vital
for the protection of overall structures, in order to protect these overall structure
of green roofs against puncture and imperviousness to water.
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