Waterproofing Membrane Market Booming Worldwide with Latest Trend and Future Scope by 2028

The global waterproofing membrane market size is projected to grow from USD 28.05 billion in 2021 to USD 42.85 billion in 2028. The rising need to save energy through the construction of green roofs and buildings is set to propel the demand for these membranes, especially to prevent stormwater runoff and filter out contaminant air particles. As per a published report by Fortune Business Insights™, titled, “Waterproofing Membrane Market, 2021-2028,” the market stood at USD 27.17 billion in 2020. It is set to exhibit a CAGR of 6.2% during the forecast period in 2021-2028.

Tremco Roofing and Building Maintenance Unveils POWERply Endure MB Membranes

In February 2019, Tremco Roofing and Building Maintenance, a provider of comprehensive roofing materials based in the U.S., launched POWERply Endure MB Membranes to expand its range of modified bitumen (M.B.) roofing solutions. They are equipped with time-tested roofing technology for keeping buildings dry even during harsh environmental conditions. These waterproofing membrane can be installed in a wide variety of cold and hold adhesives. 

Report Coverage-

The report studies decisive segments of this market containing regions, end-users, technologies, types, and applications. It elaborates the performance and significance of each of the segments by considering sales volume, growth prospects, revenue share, and demand. In addition to this, it will help our clients to accurately determine the size of the waterproofing membrane industry to guide them in choosing the right segment for their business growth.

Segments-

Urgent Need to Protect Roofs from Rainwater will Drive the Roofing Segment 

Based on applications, the market is categorized into roofing, walls, building structures, landfills & tunnels, and others. Out of these, the roofing segment procured the largest waterproofing membrane market share in 2020. The rising need to protect roofs from atmospheric moisture and rainwater is set to accelerate this segment in the near future. Also, the increasing number of residential construction activities in Asia Pacific would contribute to this growth.

Source:

https://www.fortunebusinessinsights.com/waterproofing-membranes-market-102393