Market Research Report
Waterproofing Membranes Market Size, Share & Trends Analysis Report By Application (Liquid Applied (Cementitious, Bituminous), Sheet (PVC, EPDM)), By End Use (Roofing, Building Structure), And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||352305|
|Published||Content info||87 Pages
Delivery time: 2-3 business days
|Waterproofing Membranes Market Size, Share & Trends Analysis Report By Application (Liquid Applied (Cementitious, Bituminous), Sheet (PVC, EPDM)), By End Use (Roofing, Building Structure), And Segment Forecasts, 2020 - 2027|
|Published: February 6, 2020||Content info: 87 Pages||
The global waterproofing membranes market size is expected to reach USD 44.48 billion by 2027, registering a revenue-based CAGR of 8.5% during the forecast period, according to a new report published by Grand View Research, Inc. Rising demand for the product in water and wastewater management systems coupled with growing building and construction activities is expected to drive the growth.
Climate change is exerting a negative effect on the geographical distribution of rainfall patterns across the globe. Many governments are focusing on adopting and promoting various modes of water conservation and water treatment. As a result, increasing utilization of waterproofing membranes in water and waste management applications is expected to boost the demand for over the forecast period.
Rising preference for green building materials is expected to spur the demand for bio-based waterproofing membranes. Furthermore, increasing government regulations to discourage the production and usage of petroleum-based membranes is anticipated to drive the demand for the bio-based waterproofing membranes.
The market players are extensively investing in R&D developing novel waterproofing materials. Various research initiatives undertaken by the leading industry participants such as Pidilite Industries, Eastman Chemical Company, and Sika AG are expected to provide a major boost to the market in near future.