The report “Waterproofing Membranes Market by Type (Modified bitumen, PVC, EPDM, TPO, HDPE, LDPE) by Application (Roofing & walls, Building Structures, Waste & Water management, Tunnel Liners, Bridges & Highways) and Geography – Forecast to 2021” reports, published by MarketsandMarkets, The market size is estimated to grow from 23.61 Billion in 2016 to 36.62 Billion by 2021, at a CAGR of 9.2%.
The market is driven by the rising building & construction industry, improved quality of construction, and increased demand in mining.
TPO: The fastest-growing type of waterproofing membranes
TPO waterproofing membranes are the fastest-growing commercial roofing membranes and have gained wide acceptance in different industries for their performance, and installation advantages at competitive cost. Some other benefits of TPO includes its eco-friendly chemistry, recyclability, durability, flexibility, low installation cost, less labor requirement, and exception heat resistant properties suitable for energy-efficient roofing systems. The roofing & walls application of waterproofing membranes has a wide scope for its expansion, which in turn would help in increasing the consumption for waterproofing membranes globally. Roofing & walls is the biggest waterproofing membrane application and is projected to be worth USD 13.02 Billion by 2021.
“Asia-Pacific: The Biggest Market of Waterproofing Membranes”
The Asia-Pacific region is the world’s largest market of waterproofing membranes with a share of 40.1% in terms of volume in 2015. China is the key consumer of Waterproofing Membranes Market in Asia-Pacific. Rising roofing, waste, and water management industries are driving the market in the region. Various merger & acquisitions, product launches, developments, and expansions in different industries have in turn made the region a potential growth market for waterproofing membranes.
Carlisle Companies Inc. (U.S.), Firestone Building Products Company, LLC (U.S.), Soprema Group (France), GSE Environmental (U.S.), BASF SE (Germany), The Dow Chemical Company (U.S.), Johns Manville (U.S.), Sika AG (Switzerland), and GAF Materials Corporation (U.S.) are some of the key players that are actively present in the waterproofing membranes market.
Related Reports:
Liquid Applied Membranes Market – by Type (Elastomeric, Bituminous, and Cementitious), by End-Use Industry (Residential Construction, Commercial Construction, and Public Infrastructure) and by Region – Global Forecast to 2020
Waterproofing Chemicals Market by Chemistry (Bitumen, Elastomers, PVC, TPO, EPDM), System/Technology (Preformed Membranes, Coatings & LAMs, Integral System), Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Tunnel Liners) and Geography – Forecast to 2021
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