Lucintel Forecasts the Global Waterproofing Membrane Market to Reach $37 Billion by 2030
Lucintel Forecasts the Global Waterproofing Membrane Market to Reach $37 Billion by 2030
Blog Article
According to the recent study the global Waterproofing Membrane Market is projected to reach an estimated $37 billion by 2030 from $27 billion in 2023 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by cost-effectiveness and efficiency of waterproofing membranes, supportive government policies related to public infrastructure growth across the globe, and growing population that is leading to increased residential construction projects.
Browse 171 figures/charts and 163 tables in this 205-page report to understand trends, opportunities and forecast in global waterproofing membrane market by material (modified bitumen, PVC, polyurethane, TPO, EPDM, and others), application (roofing and walls, building structures, water and waste water management, landfills and tunnels, and others), form (liquid applied and sheet based), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that roofing and wall will remain the largest application, and it is also expected to witness the highest growth over the forecast period due to increased demand for single ply roofing, growing energy efficient roofing solutions, and the increasing retrofit market in Europe and North America.
EPDM will be the largest material type due to increasing demand from building structure and roofing and wall applications. TPO is expected to witness the highest growth over the forecast period due to ease of installation, environment friendly, versatility, and compliance with numerous building standards.
Asia Pacific will remain the largest market over the forecast period due to an increase in demand in developing countries, coupled with the growing preference for synthetic waterproofing membrane products in roofing applications.
Major players of waterproofing membrane market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BASF, SIKA AG, Johns Manville, Paul Bauder, Fosroc, Mapei, GAF Materials Corporation, Saint-Gobain, DOW Chemical are among the major waterproofing membrane providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
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Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056