The [168 Pages report] Waterproofing Membranes Market size was USD 25.80 billion in 2017 and is projected to reach USD 40.19 billion by 2022, at a CAGR of 9.3%. Waterproofing membranes provide various advantages such as environmental sustainability requirements, energy savings, lightweight properties, durability, recyclability, easy installation, superior heat resistance, high flexibility, and excellent environmental resistance. The increasing government investments for improved infrastructure are leading to an increase in the demand for waterproofing membranes.
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Based on raw material type, thermoplastic olefin (TPO) is the fastest-growing segment of the market. TPO has garnered industry-wide acceptance due to its performance and installation advantages at an economical price. Some other benefits of TPO include its recyclability, durability, flexibility, low installation cost, less labor requirement, and exceptional heat resistant properties suitable for energy-efficient roofing systems.
The roofing & walls is the largest application of waterproofing membranes. The growth of the segment is mainly due to the increased protection requirement from moisture and cracks in ceilings, roofing, and walls, along with an increased need for repair and maintenance of waterproofing membranes.
The APAC region was the largest market for waterproofing membranes, in terms of volume, in 2016. China is the crucial consumer of waterproofing membranes in APAC. Growing roofing and waste & water management application segments are driving the demand for waterproofing membranes in the region. These segments are mainly driven by the increasing urban population in the region. Merger & acquisition, product launch, and expansion in different industries have made the region a potential growth market for waterproofing membranes.
The key players in the waterproofing membranes market include Carlisle Companies Inc. (US), Firestone Building Products Company, LLC (US), Soprema Group (France), GSE Environmental (US), BASF SE (Germany), Dow Chemical Company (US), Johns Manville (US), Sika AG (Switzerland), and GAF Materials Corporation (US). These players have established a strong position in the market by adopting strategies such as merger & acquisition, expansion, and new product launch.
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