Over the last few years, there has been immense growth in infrastructural development across the globe. This has largely helped the market to gain traction over the forecasted period. Additionally, waterproofing membranes are predicted to be in high demand in developed nations due to repair-related applications, which further increases the overall growth for the market. Global Commercial Restoration Waterproofing Membranes Market, was valued at USD 3404.80 million in 2021 and is expected to reach USD 5592.74 million by 2029, registering a CAGR of 6.40% during the forecast period of 2022-2029. The liquid applied segment accounts for the largest market share owing to their environment-friendly properties and easy applicability. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario. A waterproofing membrane is a water-tight layer of material put to a surface to prevent leaks or damage from water. Pre-formed or liquid-applied sheets are the most common types. They can be fastened to or positioned around the foundations to reduce water infiltration (much like a structural slab).
Whether it's for your building's basement or roof, waterproofing will help block water seeping into the foundation and protect the property from water damage. It is applied to concrete to help prevent water penetration while also making maintenance easier. Depending on the construction and demand, the waterproofing membrane can be utilized on the inside, such as in the case of repairs, on the outside, or in areas inaccessible to persons.
Recent Development
In March 2020, Sika brought its SikaProof® structural waterproofing membrane into production at a new site. This expansion will increase manufacturing efficiency, allowing the company to serve the fast developing market better. The implementation of an innovative, patented membrane technology helps the SikaProof® product family, which is expected to double in sales by 2023 as part of Sika's new growth plan. Basements and below-ground constructions are waterproofed with the SikaProof® system. The system's dependable performance is dependent on a complete bond between the SikaProof® sheet membrane and the concrete structure. The need for high-grade and long-lasting waterproofing solutions is increasing as the criteria for basement watertightness become more demanding due to increasing urbanization and densification.
In January 2020, BASF SE introduced the MasterSeal® 730 UVS waterproofing membrane for below-grade constructions. The device enables quick and easy installation without using special tools or welding.
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Commercial Restoration Waterproofing Membranes Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
High Demand Across End Users
The growing utilization of the commercial restoration waterproofing membranes across the various end user industries such as roofing, building structure, walls, roadways, waste and water management and others is estimated to carve a way for the growth of the market. Moreover, rising demand from the waste and water management industry and increased development in water conservation infrastructure are also helping the market grow.
The increasing population in emerging regions, rapid urbanization in emerging economies and continued urbanization in advanced economies will further propel the growth rate of commercial restoration waterproofing membranes market. Additionally, the growing consumer consciousness regarding the product advantages and the adoption of new materials such as geomembranes are projected to bolster the market's growth.
Global Commercial Restoration Waterproofing Membranes Market Scope
The commercial restoration waterproofing membranes market is segmented on the basis of product, raw material, usage and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Liquid Applied
Sheet Based
On the basis of product, the commercial restoration waterproofing membranes market has been segmented into liquid applied and sheet based. The liquid applied segment accounts for the largest market share owing to their environment-friendly properties and easy applicability.
Raw Material
Modified Bitumen
PVC
TPO
Acrylic
Polyurea
Polyurethane
Others
The commercial restoration waterproofing membranes market has also been segmented on the basis of raw material into modified bitumen, PVC, TPO, acrylic, polyurea, polyurethane and others.
Usage
Refurbishment
New construction
On the basis of usage, the commercial restoration waterproofing membranes market is segmented into refurbishment and new construction.
Application
Roofing
Building Structure
Walls
Roadways
Waste and Water Management
Others
On the basis of application, the commercial restoration waterproofing membranes market is segmented into roofing, building structure, walls, roadways, waste and water management and others.
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Opportunities
Developments and Investments Associated with Sustainability
Furthermore, market players' various developments, such as increased accrediting of products with green certification for use in sustainable construction projects that include green roofs and green buildings, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, huge investments in research and development solutions that have minimal impact on the environment will further expand the future growth of the commercial restoration waterproofing membranes market.
Competitive Landscape and Commercial Restoration Waterproofing Membranes Market Share Analysis
The commercial restoration waterproofing membranes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to commercial restoration waterproofing membranes market.
Some of the major players operating in the commercial restoration waterproofing membranes market are
Sika AG (Switzerland)
Tremco Incorporated (U.S.)
BASF SE(Germany)
Soprema (France)
GCP applied technologies Inc., (U.S.)
Fosroc Inc (UK)
Mapei (Italy)
Carlisle Construction Company (U.S.)
Johns Manville (U.S.)
Renolit (Germany)
M&I Materials Limited (U.K)
Nye Lubricants, Inc. (U.S.)
Lubrilog (France)
ECCO Gleittechnik GmbH (Germany)
HUSK-ITT Corporation (U.S.)
Setral Chemie GmbH (Germany)
IKV Tribology Ltd (Germany)
Commercial Restoration Waterproofing Membranes Market Regional Analysis/Insights
The commercial restoration waterproofing membranes market is analyzed and market size insights and trends are provided by country, product, raw material, usage and application as referenced above.
The countries covered in the commercial restoration waterproofing membranes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the commercial restoration waterproofing membranes market because of the rapid industrialization and construction within the region. On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the heavy investments in construction and infrastructure development projects, especially in China and India within the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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