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Waterproofing membranes Market size was valued at USD 23.2 Billion in 2022 and is poised to grow from USD 24.85 Billion in 2023 to USD 43.01 Billion by 2031, at a CAGR of 7.1% during the forecast period (2024-2031).

The waterproofing membranes market is highly competitive and characterized by the presence of several key players. These companies engage in intense competition to gain market share and maintain their competitive edge. The competitive landscape of the market is shaped by factors such as product innovation, technological advancements, geographical reach, and strategic collaborations. To stay competitive, companies in the waterproofing membranes market focus on continuous product innovation and development. They invest heavily in research and development activities to introduce advanced membranes that offer improved performance, durability, and ease of installation. For example, companies are developing self-healing membranes, smart membranes with sensor technologies, and eco-friendly membranes to meet the increasing demand for sustainable and technologically advanced solutions. 'Sika AG (Switzerland)', 'BASF SE (Germany)', 'Carlisle Companies Inc. (US)', 'Dow Chemical Company (US)', 'GAF Materials Corporation (US)', 'Firestone Building Products Company LLC (US)', 'Saint-Gobain Weber (France)', 'Kemper System America Inc. (US)', 'Soprema Group (France)', 'Pidilite Industries Ltd. (India)', 'Fosroc International Limited (UK)', 'DuPont de Nemours, Inc. (US)', 'RPM International Inc. (US)', 'GCP Applied Technologies Inc. (US)', 'Isomat S.A. (Greece)', 'Johns Manville Corporation (US)', 'IKO Industries Ltd. (Canada)', 'Oriental Yuhong Waterproof Technology Co., Ltd. (China)', 'CETCO (Colloid Environmental Technologies Company) (US)', 'Paul Bauder GmbH & Co. KG (Germany)'

The demand for waterproofing membranes was driven by extensive infrastructural projects worldwide. For instance, in 2022, China continued its ambitious Belt and Road Initiative, which involved massive infrastructure development across various countries, including the construction of roads, bridges, and buildings. These projects necessitated the use of waterproofing membranes to ensure long-lasting and durable structures.

Increasing Demand in Roofing Applications: The roofing industry witnessed a rising demand for waterproofing membranes, particularly in regions with high rainfall or extreme weather conditions. The adoption of membranes as a primary waterproofing solution for roofs increased, replacing traditional methods like asphalt. This trend was observed in both residential and commercial construction projects.

In 2022, the Asia Pacific region emerged as the dominant player in the waterproofing membranes market, capturing the largest revenue share of 32.1%. This growth can be attributed to the extensive infrastructural developments and rapid industrialization, particularly in countries like China and India. The increasing urbanization and industrial growth lead to higher congestion in cities, resulting in a greater demand for utilities and domestic water requirements. This factor contributes to the overall market growth in the region. Furthermore, the expanding roofing and waste management industries also drive the demand for waterproofing membranes in the Asia Pacific region. Additionally, the use of waterproofing membranes in mining applications is expected to further fuel market growth.

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Global Waterproofing Membranes Market

Product ID: SQMIG15F2104