Pune, Maharashtra -- (SBWIRE) -- 01/23/2019 -- Waterproofing Membrane Market Size By Application, By End-Use, By Product, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024, predicted to cross USD 10.5 billion by 2024, as reported in the latest study by Graphical Research.

Extensive use of durable materials in the construction sector to protect structural slabs, vertical walls, parking, and foundations is predicted to fuel the demand for waterproofing membranes over the next few years. Large-scale availability of raw materials coupled with favorable properties such as UV resistance, high flow rate, and UV resistance is predicted to boost the industry growth trends over the coming years.

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Waterproofing membrane industry size worth over USD 6.5 billion in 2017, is predicted to exceed USD 10.5 billion by 2024, growing at a CAGR of around 7% over the period of 2018-2024. It finds applications in waste management & water management industries. Global waste management industry worth USD 410 billion in 2015 and projected to touch USD 570 billion mark by 2024, is expected to boost the market demand over the forecast timeline. Waterproofing membranes find applications in the construction sector owing to its repellant property that makes the structure resistant to the constant climate changes.

However, variations in the crude oil costs are predicted to affect the supply of the key raw materials like bitumen and propylene and this factor can hinder the market growth over the coming years.

Polymer waterproofing membrane market is anticipated to record a CAGR of around 7% over 2018-2024
Polymer modified cement waterproofing membrane market is predicted to witness a noticeable growth over the forecast timeline owing to its wide applications in subway systems, tunnels, effluent treatment plants, railways, dams, and parking structures.

Bitumen waterproofing market is predicted to grow at a rate of around 6.5% over the period of 2018-2024.
Liquid applied membranes application segment is projected to grow at a rate of around 6.5% over 2018-2024.Sheet membranes application segment is anticipated to record a CAGR of around 6% over the period of 2018-2024 owing to its application in kitchen floors, walls, wet rooms, balconies, bathrooms, and roofs as a result of its safety features coupled with low maintenance costs.

Key industry players include Sika AG, BASF, Fosroc, DOW Chemical Company, CICO Technologies Limited, DuPont, Pidilite Industries, and Covestro.

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Segments We Cover:

Waterproofing Membrane Market, By Product
Bitumen
EPDM
TPO
PVC
Bitumen Solvent
Bitumen Waterbased
Polymer Modified Cement
Polyacrylic
Rapid Cure System
1k PU Solvent
2K PU Solvent
PU Blend Acrylic

Waterproofing Membrane Market, By End-Use
Roof
Deck and Terrace
Car Park Deck
Garden roof
Wall
Landfill & Tunnel
Wet area
Pool
Basement

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