Waterproofing membranes are thin layers of material that are applied to a surface to prevent the ingress of water. They are commonly used in construction projects to waterproof roofs, foundations, basements, and other areas that are susceptible to water damage. The global waterproofing membranes market has been growing steadily in recent years, driven by the increasing demand for durable and reliable waterproofing solutions. The global waterproofing membranes market size was valued at USD 21.3 billion in 2020 and is projected to reach USD 29.5 billion by 2025, growing at a CAGR of 6.7% during the forecast period.
The growth of the waterproofing membranes market can be attributed to several factors, including the increasing demand for waterproofing solutions in construction projects, the growing awareness about the benefits of using waterproofing membranes to prevent water damage, and the development of new and advanced materials that offer improved durability and performance. Some of the key players in the waterproofing membranes market include Sika AG, BASF SE, Dow Inc., Saint-Gobain S.A., GAF Materials Corporation, and Carlisle Companies Inc., among others. These companies offer a range of waterproofing membrane solutions, including PVC, TPO, EPDM, and modified bitumen membranes.
Overall, the waterproofing membranes market is expected to continue to grow in the coming years, driven by the increasing demand for durable and reliable waterproofing solutions in the construction industry, as well as the ongoing development of new and advanced materials that offer improved performance and durability.
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Key findings of the Waterproofing Membranes market study:
Key Segments Covered
· Application
· End Use
Competitive Landscape
The Waterproofing Membranes industry is dominated by some prominent players including
The competition in the sector is driven by key parameters such as product price, targeted customer base, and strategic marketing. Major players in the market focused on the Waterproofing Membranes market innovation by investing more in research and development. Furthermore, the industry players are focusing on the extensive usage of online distribution channels for enhanced cost-effectiveness. The sustainability in the supply chain is a decisive factor for Waterproofing Membranes brands leading to an impact on the margin profits of firms.
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