Waterproofing Membrane Market Share Trends

Vijay Ovhal
Vijay Ovhal 4/26/2023 10:56:03 AM

Waterproofing Membrane Market Share, Trends, Manufacturers,
Regions, and Application, Forecast to 2032

The global waterproofing membrane market is slated to expand
at a considerable rate through 2032 due to the increasing awareness regarding
water wastage and management.

A significant uptick in major companies' spending on R&D
to introduce new, creative products could help the sector advance. In the
coming years, it is anticipated that the population's changing lifestyle will
have a positive impact on the construction industry, thus influencing the
overall waterproofing membrane market outlook.

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The waterproofing membrane market has been segmented into
product, application, end-use, and region.

Based on product, the polymer-modified cement segment
registered a market share of over $640 million in 2022 and is anticipated to
expand at a substantial CAGR of 5% through 2032. The growth is speculated to be
bolstered by the growing consumer awareness towards the benefits of green roofs
along with environmental sustainability.

With respect to application, the liquid-applied membrane
segment accounted for a market revenue of more than $5 billion in 2022 and is
set to garner a sizeable share through the forecast period. The segmental
growth can be attributed to a shifting customer preference toward low-cost
liquid-applied membranes and rising investments in the construction sector.

In terms of end-use, the building structure segment is
projected to record a business share of more than $3 billion by the end of 2032
given the increase in demand for both residential and commercial structures.
Meanwhile, the others segment is estimated to generate more than $4 billion
revenue share over the review timeline driven by the rapid expansion in
industrialization.

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From the regional outlook, the Latin America waterproofing
membrane market secured a market share of more than $370 million in 2022 and is
slated to proliferate at a healthy CAGR of over 7.0% over the forthcoming
years. This can be attributed to the growing trend of quick building renovations
as well as industrial infrastructure development such as pipeline projects and
subterranean constructions, which shall increase demand for waterproofing
membrane.

Meanwhile, the Middle East waterproofing industry is
speculated to record a valuation of over $390 million over 2023 and 2032 owing
to the increasing government programs and private sector initiatives. Besides,
the growing urbanization in Middle Eastern countries is also expected to fuel
the construction industry and boost waterproofing membrane market growth.

Furthermore, the Africa waterproofing sector reported a
market share of $150 million in 2022 and is primed to achieve a CAGR of nearly
6.0% through the coming years. The regional demand for waterproofing membrane
market will be boosted by increased disposable income and a rise in consumer
propensity to own private property.

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Vijay Ovhal
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Vijay Ovhal

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