Waterproofing Membrane Market Size worth $9.5 Billion
by 2022: Global Market Insights, Inc.
Waterproofing Membrane Market Size is expected to register USD 9.5 Billion by 2022; as
per a new research report by Global Market Insights, Inc. Strong focus on superior quality
and durable construction material is likely to drive demand. Booming construction industry,
particularly in Asia Pacific and Middle East, has spurred material technology innovation
which is likely to a positive impact on waterproofing membrane market size.
Polymer membrane market share dominated the product segment and accounted for more
than 45% of the total demand in 2014. Increasing use of these membranes owing to wide
availability of raw materials such as PU, PVC and EPDM is anticipated to drive demand.
Bitumen is also likely to witness above average growth rate estimated at 6.7% up to 2022.
Roofing waterproofing membrane market size accounted for 26.9% of the total volume in
2014. Building structures are likely to witness significant gains at 7.1% from 2015 to 2022.
Fluctuating polypropylene and bitumen price trend is likely to hamper industry profitability.
Less knowledge among contractors for using right quality and type of construction chemicals
in durable structure application is likely to challenge its growth.
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