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Waterproofing Membrane Market

  • Author:Dongsheng-Lili
  • Release on :2016-09-02

Waterproofing Membrane Market 




Waterproofing Membrane Market Size By Application (Sheet Membrane, Liquid Applied Membrane), By End-Use (Building Structures, Roofing, Walls, Landfills & Tunnels), By Product (Polymers, Polymer Modified Cement, Bitumen), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 2022

Industry Trends 
 
Global Waterproofing Membrane Market size is predicted to touch 3.24 billion square meters by end of 2022 and register a CAGR of 6.7% during forecast timeframe. Growing requirement for robust and high quality construction substances is predicted to propel industry expansion in future.
 
These membranes are extensively utilized in constructing vertical walls, waterproof foundations, structural slabs and slab proofing on parking decks. Construction sector has witnessed technological innovation for waterproofing substances that comprise of integral system and advanced materials. 
 
Asia construction industry share is predicted to grow up to 46.1% by 2020 from 31.1% in 2005. This growth can be credited to expected 11% decline in European share by end of 2020. Construction sectors in growing economies are predicted to expand at rapid rate as compared to more developed economies. China is predicted to be global leader in construction sector with an expected output of $2.51 trillion by end of 2020.
 
But, fluctuating raw substances costs of polypropylene and bitumen are predicted to affect industry profit. Low consciousness levels among builders about the quality and accurate use of chemicals for durable construction structures is predicted to inhibit waterproofing membrane market expansion.