Waterproofing Membrane Market Share, CAGR, Growth, Demand till 2028


As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028.

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The global waterproofing membrane market size is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028. The rising need to save energy through the construction of green roofs and buildings is set to propel the demand for these membranes, especially to prevent stormwater runoff and filter out contaminant air particles. As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028.

 

 

 

Increasing Population in Urban Areas to Spur Demand for Robust Infrastructure in the Asia Pacific

Asia Pacific held USD 10.56 billion in 2020 in terms of revenue. It is set to remain at the forefront because of the increasing demand for water treatment infrastructure as the population is rising in urban areas.  In Latin America, the surging investments by governments in infrastructural projects would bolster the demand for these membranes. The increasing number of construction activities is set to propel growth in North America. In June 2021, for instance, Ethos Development started constructing multi-family housing in Oregon, U.S. It is set to be a five-story building called brookLAND and contains 166 apartments. 

Information Source:

https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393 

Competitive Landscape-

Key Companies Aim to Fulfil Unmet Demand by Introducing Novel Solutions

The global market houses several reputed manufacturers of waterproofing membrane that are currently striving to keep up with the high demand for the product from the expanding building and construction sector. Also, the emergence of green buildings is set to drive its demand. Some of the others are focusing on the acquisition strategy to compete with prominent firms. Below is one of the crucial industry developments:

Fortune Business Insights™ lists out the names of the renowned vendors of waterproofing membranes present in the global market:

  • Sika AG (Switzerland)
  • Tremco Incorporated (U.S.)
  • BASF SE (Germany)
  • Soprema Group (France)
  • GCP Applied Technologies (U.S.)
  • Fosroc, Inc. (India)
  • Mapei S.p.A. (Italy)
  • Carlisle Company Incorporated (U.S.)
  • Johns Manville (U.S.)
  • Elmich Singapore (Singapore)
  • Other Players