Waterproofing Membrane Market – Global Industry Analysis, Size, Share, Trends and Forecast 2016 – 2024
Coating that prevents passage of water into structural components of a construction is known as waterproofing membrane. Waterproofing activity of the membrane retains structural integrity of a foundation. Structural units of a building such as roof, walls, and basements are protected from intrusion of moisture and water with the aid of waterproofing membrane. Hydrostatic pressure exerted by molecules of water, both in liquid and vapor state, is controlled by application of waterproofing membrane. This type of membrane is composed of plastic, rubber, or coated fabric with water-resistant activity. Waterproofing membrane can be applied to interior side of the building (negative-side waterproofing) as well as exterior side of the building (positive-side waterproofing).
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Single or multi-layer materials such as rubber, elastomer, bitumen, PVC, polyethylene, polypropylene, polyurethane, and other polymers are major components of waterproofing membrane. Based on composition, waterproofing membranes are classified into different types such as PVC (polyvinylchloride), TPO (thermoplastic polyolefin), EPDM (ethylene propylene diene monomer), HDPE (high-density polyethylene), and LDPE (low-density polyethylene). The most important feature of the membrane is to provide water adsorption activity. Waterproofing membrane has wide industrial applications due to its efficient water-resistant performance. Construction (such as roofing, walls, and building structure), water and wastewater treatment, mining, civil, and transportation (tunnel liners, bridge, and highway) industries are key end-users of waterproofing membrane.
The global waterproofing market witnessed significant growth in the last few years, and this positive trend is estimated to continue in the next few years. Size of the global waterproofing membrane market is anticipated to rise significantly in the next few years. Enormous growth in construction industry and wastewater management system in Asia Pacific due to rise in urban population is fueling the waterproofing membrane market. Asia Pacific accounts for the largest share of the waterproofing membrane market. Increased usage of waterproofing membrane in roofing, mining, water, and wastewater treatment in this region is likely to boost market prospects. North America accounts for second-largest market share of the waterproofing membrane market. The market in North America is projected to experience steady growth in the near future. Sluggish growth in construction industry in Europe results in a relatively smaller market for waterproofing membrane, whereas the Middle East and Africa appears to be an emerging market. Establishment of new production plants in the developing nations indicates increase in demand for waterproofing membrane.
TPO waterproofing membrane is widely employed as roofing material in several end-user industries. This is anticipated to drive demand for TPO waterproofing membrane. Easy installation steps, eco-friendly nature, and high performance efficiency are key benefits of TPO membrane. Energy efficiency, durability, and heat resistance features are primary factors boosting rise in demand for waterproofing membrane globally. Lightweight feature and environment sustainability are chiefly responsible in enhancing the popularity of waterproofing membrane in its end-user industries. Booming construction industry in China and other countries in Asia Pacific contributes to rising demand for waterproofing membrane. Increasing awareness about saving energy and environment-friendly usage fuels consumption of waterproofing membrane in developed as well as developing countries. Key players focus on market expansion through mergers and acquisitions, product innovation, and research initiatives. However, companies need to follow stringent rules and regulations empowered by the U.S. EPA to ensure their products are eco-friendly.
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Key manufacturers of waterproofing membrane include The Dow Chemical Company, Carlisle Companies, Inc., Siplast, BASF SE, W. R. Meadows Inc., Johns Manville, Soprema Group, Firestone Building Products Company, LLC, GAF Materials Corporation, and Sika AG.
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