The Waterproofing Membranes Market is expected to grow up to USD 40.19 Billion by 2022, registering CAGR of 9.3%. The market is driven by the growing building & construction industry and increased use of waterproofing membranes in waste management and water treatment applications globally. However, the mature markets of Europe and North America are projected to restrict the growth to a certain extent.

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Key companies dominated in waterproofing membranes market includes 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.)

“TPO: The Fastest-growing Raw Material Type”

Thermoplastic olefin (TPO) waterproofing membranes is the fastest-growing commercial roofing membrane segment. These membranes have garnered industry wide acceptance for their performance and installation advantages at an economical price. Some other benefits of TPO include its recyclability, durability, flexibility, low installation cost, less labor requirement, and exceptional heat resistant properties suitable for energy efficient roofing systems.

“Roofing & Walls: The Biggest Waterproofing Membranes Application”

Roofing & walls is the biggest waterproofing membrane application. This is mainly due to the increased protection requirement from moisture and cracks in ceilings, roofing, and walls, along with an increased need for repair and maintenance of waterproofing membranes, thereby driving its demand during the forecast period. The roofing & walls application of waterproofing membranes offers a wide scope to increase the consumption of waterproofing membranes globally.

“Asia-Pacific: The Biggest Market for Waterproofing Membranes”

The Asia-Pacific region was the largest market for waterproofing membranes, in terms of volume, in 2016. China is the crucial consumer of waterproofing membranes in Asia-Pacific. Growing roofing and waste & water management industries are driving the waterproofing membranes market in the region. These industries are mainly driven by the increasing urban population growth in the region. Various mergers & acquisitions, product launches, developments, and expansions in different industries have made the region a potential growth market for waterproofing membranes.

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