PUBLISHER: Orion Market Research | PRODUCT CODE: 1159395
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159395
Title: Global Waterproofing Membrane Market Size, Share & Trends Analysis Report, by Application (Waste & Water Management, Roofing & Walls, Building Structures, Bridges and Highways, Tunnel Liners, and Others), by Type- PVC (Poly Vinyl Chloride), TPO (Thermoplastic Polyolefin), EPDM (Ethylene Propylene Diene Monomer), HDPE (High-Density Polyethylene), LDPE (Low-Density Polyethylene), Modified Bitumen, and Others) Forecast Period (2022-2028).
The global waterproofing membrane market is anticipated to grow at a considerable CAGR of 8.5% during the forecast period. One of the core factors that is fueling the market is the rapidly growing urbanization. In the past few decades, the number of people adopting a city life more owing to the growing technology, facilities, financial growth options, and attractive lifestyle. This has increased the conversion of villages into small cities with many facilities as well. All this has increased the concrete construction in cities and villages which has increased the demand for waterproofing membranes. As of 2020, as per the data of the World Bank, a total of 56.0% of the global population lives in an urban region.
The global waterproofing membrane market is segmented based on the application and type. Based on application, the market is segregated into waste & water management, roofing & walls, building structure, bridges and highways, tunnel liners, and others. Based on type, the market is segmented into PVC, Modified Bitumen, EPDM, TPO, HDPE, LDPE, and others. The above-mentioned segments can be customized as per the requirements. Based on type, TPO is projected to be the fastest-growing segment of the market. The TPO has high acceptance in industries owing to its performance and installation advantage at an economical price. Furthermore, durability, flexibility, less labor requirement, low installation cost, recyclability, and exceptional heat resistant properties suitable for energy-efficient roofing systems makes it the first choice for industry people.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to grow impressively during the forecast period owing to the presence of great infrastructure and constantly growing construction of structures such as roofs, walls, building structures, bridges, highways, tunnel liners, and others that requires waterproofing membranes to make them leakage proof.
The major companies serving the global waterproofing membrane market include: BASF Corp., Groupe Solman Inc., IKO Industries, Inc., Sika AG, SOPREMA S.A.S., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in February 2019, Tremco,under the brand name POWERply, launched a new product Endure Membranes. These membranes can be installed in a variety of cold and hot adhesives and form a waterproof, durable roof when paired with POWERply Endure BIO Adhesive.
The market study of the global waterproofing membrane market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.