According to marketsandmarkets.com, reports, The waterproofing membranes market is projected to reach USD 40.19 Billion by 2022, at a CAGR of 9.3%. The waterproofing membranes market is growing at a rapid pace. This growth is attributed to the growing building & construction industry in most of the regions, such as Asia-Pacific, Middle East & Africa, and South America. These areas are witnessing an increasing demand for waterproofing membranes due to increasing governmental investments on infrastructure developments in majority of the emerging countries of these regions. In addition, increasing waste & water management activities in these countries have also triggered the demand for waterproofing globally.
prnewswire.com reports that Waterproofing Membranes Market size is expected to reach USD 10.9 billion by 2024; according to a new research report by Global Market Insights, Inc. Positive outlook towards durable materials usage in construction should drive global waterproofing membranes market growth. It is used in designing and installing bathrooms, kitchens and laundries. Raw material availability along with enhanced properties including UV resistance, flexibility and high flow rate may fuel product demand.
According to transparencymarket research.com Asia Pacific will account for a substantial share in the global market. The rising urban population is providing a significant push to the construction and wastewater management industry, which in turn is triggering the demand for waterproofing membrane in the region. Emerging countries such as India and China will be at the forefront of the growth of the region. North America will also be a strong contender in the global arena. The flourishing growth of the construction and mining sectors is the primary factor driving the growth of the region. The Middle East and Africa market is anticipated to hold immense potential. The increasing exploration and production of crude oil are translating into the greater uptake of waterproofing membrane in the region. The growth of Europe can be attributed to the increasing concerns regarding water and waste Management.
Waterproofing is crucial in protecting a building and ensuring that the structure is usable for generations yet it is the most neglected process. The long term value of waterproofing is highly economical and sustainable by nature.
prnewswire.com states that the future of the waterproofing membrane market looks promising with opportunities in the residential and non-residential construction industries. The global waterproofing membrane market is expected to reach an estimated $24.2 billion by 2021 and is forecasted to grow at a CAGR of 4.3% till 2021. The major growth drivers for this market are increasing construction activities and cost-effectiveness of waterproofing membranes.
Emerging trends, which have a direct impact on the dynamics of the waterproofing membrane industry, include increasing use of breathable waterproofing membrane and growing use of eco-friendly materials.
futuremarketinsights.com/reports suggests that with easy availability of raw material and major projects lined up for boosting infrastructure investment, asia pacific is the most profitable market for waterproofing industries. With 26% market share China has overtaken USA in terms of volume. China along with India and other important asia pacific region contributes to half of the global waterproofing market. Asia pacific will see a massive rise in infrastructure owing to China’s main focus on infrastructure under its 12th Five Year Plan and the ‘Make in India’ concept driven by the Indian government. With construction companies flourishing in India due to the rise in skyscrapers and malls, the waterproofing chemical market will gain substantial momentum in the near future. Malaysia is the next potential market for waterproofing chemicalsin the asia pacific region. Malaysian government has allocated US$ 23 billion to boost its infrastructure. These potential market will give steady momentum to waterproofing chemicals.
The significance of waterproofing from different waterproofing application
Waterproofing membranes are used in a host of applications including roofing, walls, building decks, basements, balconies, bridge decks, foundation, parking areas, water tank linings, and tunnels. Increasing consumer awareness regarding the benefits of waterproofing and new materials such as geomembranes is expected to augment the demand over the next few years. Some of the common methods are given below:
Roof Waterproofing: Efficient waterproofing of roofs and terraces can be achieved by adopting proper construction practices. It is essential that no rainwater stagnates on the roof. A proper slope and adequate number of drainage outlets can achieve this. Roof waterproofing is one of the essential steps of roof care.
Swimming Pool Waterproofing: This system provides the waterproofing of swimming pools or water tanks, both external and internal. By the use of two-component elastic, liquid waterproofing membrane, used in combination.
Bridge Deck Waterproofing: A modern mix of membranes, coatings, sealants, and water stops are used to help these structures safely carry traffic for as long as possible. While all parts of a bridge from the footings and piers to the surface of the road deckuse specialty products to keep water out, this article will focus on waterproofing the road deck. Layers of Protection For the vast majority of bridges and overpasses, the bridge deck is built as two separate layers.
Dam Waterproofing: There are different technologies to repair the concrete face of the dam but one of the most reliable and economical is the application of a waterproofing geomembrane. The choice of geomembrane and the way of fixation for the waterproofing system is a very important issue to receive a long living water tightness of the dam.
Nanotechnology Waterproofing: The nanotechnology has been a matter of interest for much long. The recent innovations of the system has produced organo-silicon products that are highly durable. The building materials are inhibited in having water seepages and water leakage.
Chemical Waterproofing: Construction chemicals are now in application for bridge waterproofing. Super-plasticizers (Polycarboxylate Ethers) is perhaps the most in demand material in this regard. The specialty of this chemical lies in the correct implemented ratio of number of bristles and to the right polymer backbone. There is no standard formulation of this product on the basic remains the same. The different criteria is designed on the basis of the need of the project to achieve the desired property of the concrete.
The right waterproofing system should be used according to their area of specification. That is, there are certain types of surfaces where crystalline waterproofing system is more suitable than the flexible membrane waterproofing system and vice versa. Though the products are of utmost quality there are fewer chances that you get the desired results. Use the products before the expiry period. After which the application would not bring any desired results.