Liquid Waterproofing Membrane Market is Forecasted to Reach US$ 12.7 Billion in 2028, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global liquid waterproofing membrane market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more

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Market Statistics:

Market Size in 2028: US$ 12.7 billion

Growth (CAGR): 5.6% during 2023-2028

Leading Material Type: Bitumen

Leading Application Type: Separation & Filtration

Leading End-User Type: Roofing & Walls

Leading Construction Type: Repair & Renovation

Leading Region: Asia-Pacific

Forecast Period: 2023-2028

Trend Period: 2017-2021

Base Year: 2022

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights on the Liquid Waterproofing Membrane Market:

The global liquid waterproofing membrane market is segmented based on material type, application type, end-user type, construction type, and region.

Based on material type – The liquid waterproofing membrane market is segmented into bitumen, PU, and others. Bitumen solidified its reign as the ultimate leader in the global liquid waterproofing membrane market during the forecast period. Bitumen liquid membranes offer seamless application, conforming to irregular shapes and providing long-lasting protection against water infiltration. They are known for their ability to withstand weather elements and provide a reliable waterproofing solution. Additionally, their cost-effectiveness and wide availability make them a preferred choice in the construction industry.

Based on application type - The market is segmented into Roofing and Walls, Building Structures, Industrial, Water and Wastewater Management, Tunnels, and Others. Roofing and Walls dominate the global liquid waterproofing membrane market with a mammoth share. Waterproofing plays a crucial role in preventing leaks and protecting the underlying structure, ensuring the longevity and integrity of the building. With roofs often covering significant surface areas, such as commercial or industrial buildings, proper waterproofing is essential to safeguard the entire structure and its contents from water-related issues.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is poised to maintain its position as the leading market for liquid membrane waterproofing during the forecast period. This growth outlook is majorly attributed to the following–

·      Rapid urbanization, industrialization, promising economic prospects, and the relocation of manufacturing industries to Asian economies.

·      The region's increasing construction activities, coupled with the implementation of building and energy codes, are fueling the demand for waterproofing solutions.

·      Key economies like China and India, are pivotal drivers in propelling the growth of the waterproofing market in the Asia-Pacific region.

Liquid Waterproofing Membrane Market Drivers:

Some of the key drivers listed in the report are given below.

·      Its versatility and adaptability to various surfaces, ease of application, ability to provide a seamless and continuous barrier against water intrusion, and long-term durability. Its ability to conform to irregular shapes and contours makes it suitable for complex roofing structures.

·      The simplified application process reduces time and labor costs, while its seamless nature minimizes the risk of leaks.

·      Additionally, its compatibility with different substrates expands its applicability and contributes to its growing popularity in the construction industry.

Top Companies in the Liquid Waterproofing Membrane Market:

The market for liquid waterproofing membranes is highly competitive, populated with numerous local, regional, and global players striving to capture their market share. With competition intensifying on various fronts such as pricing, product diversity, and geographic reach, the market is highly fragmented, as many players compete fiercely for recognition and market share, operating on both regional and global scales. Stratview Research has identified the following companies as the top market players:

• Carlisle Companies Inc.
• Keshun Waterproofing Technologies
• Mapei S.p.A.
• MBCC Group
• Oriental Yuhong
• RPM International, Inc.
• Saint-Gobain
• Sika AG

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

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Related Reports:

-      Waterproofing Membrane Market

-      US Waterproofing Membrane Market

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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