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New York, September 28, 2021/PRNewswire/--Reports and Data released its latest report, titled "By Film Type (Hydrothermal Application, Cold Liquid Application, Fully Adhesive Sheet), By Raw Material (PVC) The segmented waterproofing membrane market, modified bitumen, TPO), by application (building structure, roof and wall) and by region, forecast to 2028."

The growing demand for robust waterproofing solutions that prevent water leakage or damage, the increasing incidence of water-borne diseases, and the availability of cost-effective solutions are some of the key factors driving market growth

According to reports and data, the global waterproofing membrane market will be worth 33.36 billion U.S. dollars in 2020 and is expected to reach 53.10 billion U.S. dollars in 2028. The compound annual growth rate of revenue during the forecast period from 2021 to 2028 will be 6.0%.

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Waterproof membrane is a thin layer of waterproof material that is applied to the surface to minimize or prevent water leakage and seepage that may damage the building's infrastructure. Waterproof membranes are adhered or installed around the foundations of buildings or infrastructure to prevent water penetration and protect the structure from water damage. Waterproof membranes are also used to cover concrete during curing to prevent water from impairing structural integrity. The increased demand for waterproofing membranes in the construction and construction sectors and the increase in the use of water-saving facilities are other key factors that are expected to continue to drive market revenue growth during the forecast period. Waterproof membranes are important in the coating of metal or metal-reinforced products, which are usually submerged under water to protect them from corrosion.

The waterproof membrane is strong, flexible, elastic and tear-resistant, and can be stretched widely to cover cracks. These membranes consist of a thin layer of waterproof material with a thickness of approximately 2-4 mm. There are two main types of waterproof membranes-base membranes and liquid application membranes. A good waterproof membrane is designed to withstand household and industrial chemicals. Water-related issues account for more than 75% of commercial and residential building defects, leading to major economic losses and threats to structural integrity. This makes it very important to install robust waterproofing solutions to protect commercial and residential properties from water damage caused by insufficient waterproofing and to maintain property value. In recent years, due to strict regulations and building codes, waterproofing membrane systems have become more advanced and standardized.

Waterproof membrane solutions can also prevent moisture and water seepage in walls and ceilings, and prevent the growth of fungi or mold, which can lead to health problems such as allergies, asthma, and other infections. It also ensures a cleaner and safer environment for residents while reducing maintenance costs. Waterproof membranes are widely used in areas such as roofs, balconies and terraces. Waterproof membrane solutions are also used for basic waterproofing to prevent the ingress of water and moisture. The growing demand to protect iconic buildings, residential and commercial buildings, and the increasing investment in the development of state-of-the-art wastewater treatment facilities have further promoted the demand for waterproofing membranes. In addition, the increasing awareness of the importance of waterproofing and the increasing need to reduce maintenance and remedial work are some of the other key factors that promote market revenue growth.

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Membrane types for cold liquid applications account for the largest revenue share:

The cold liquid application membrane part is expected to account for the largest revenue share of the global market during the forecast period. This is due to the advantages of cold liquid application waterproof membranes, such as overall, seamless, and less preparation time when applied to surfaces. These products are very suitable for applications where sheet film cannot provide complete coverage, which is also a key factor in promoting revenue growth in this segment.

The PVC segment dominates other raw material segments:

In terms of revenue during the forecast period, the PVC sector is expected to dominate other raw material sectors, which is attributed to the increased resistance of PVC to precipitation and ultraviolet radiation. Other factors, such as the durability of PVC waterproofing membranes to withstand harsh environmental conditions, service life, low costs associated with maintenance and life cycles, and resistance to chemicals, grease, and fire protection, are further promoting adoption. PVC membranes also provide high waterproof safety and improve installation efficiency, which promotes the adoption of basements or underground waterproofing areas.

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More and more waterproof membranes are used in roofs and walls:

As high tensile strength waterproof membranes are increasingly used in roofs and walls to prevent water seepage and leakage, maintain the structural integrity of the building, and prevent damage to furniture or carpets, it is expected that the roof and wall parts will be in the forecast period Achieve a strong revenue growth rate within, and protect the building from mold and fungus.

North America will account for a significant share of revenue:

Due to the increasing demand for waterproofing systems in the construction sector, the increasing popularity of green roof concepts in the United States and Canada, and the development of robust water and wastewater treatment, North America is expected to account for a considerable share of revenue during the forecast period. Infrastructure of the countries in the region.

The Asia-Pacific region is in a leading position in terms of compound annual revenue growth:

The revenue of the Asia-Pacific market is expected to grow at a strong compound annual growth rate during the forecast period. This is attributed to the sharp increase in the number of infrastructure development projects, rapid urbanization, the increase in luxury and modern buildings, and various initiatives that have led to the reduction of waterproof membranes. The increase in demand is driven by the government to promote the development of energy-efficient and safe commercial and residential buildings. In addition, the increasing awareness of clean and drinking water, the development of water-saving infrastructure to solve the problem of water shortages in developing countries, and the rapid growth of the construction industry in countries in the region are some of the other factors driving the revenue growth of the Asia-Pacific market.

Major companies in the market include:

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For the purpose of this report, the report and data segment the global waterproofing membrane market according to membrane type, raw material, application and region:

Membrane type outlook (revenue, billion US dollars; volume, million square meters, 2018-2028)

Raw material outlook (revenue, billion US dollars; quantity, million square meters, 2018-2028)

Application outlook (revenue, billion US dollars; volume, million square meters, 2018-2028)

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Regional outlook (revenue, billion US dollars; volume, million square meters, 2018-2028)

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