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The key findings from our waterproofing membranes market forecast report are summarized below
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According to Technavio’s market research report, the global waterproofing membranes market will grow at a steady rate and post a CAGR close to 7% during the forecast period. The growing market for vegetative roofing will drive the growth prospects for the waterproofing membranes market during the projected period. Vegetative roofs or green roofs include various components such as the structural roof, root barrier, a waterproofing membrane, drainage system, a lightweight growing medium, filter layer, and plants. The installation of green roofs and the incorporation of roof waterproofing membranes and other components offers benefits including such as the retention and filtering of rainwater, managing stormwater, increasing the life of the roof by 2-3 times, lowering heating and cooling costs, preserving habitat in an urban environment, and improving the aesthetic views of buildings. As a result, the demand for green roofs will increase, which will, in turn, boost the demand for waterproofing membranes.
The increasing use of crystalline waterproofing membranes will be one of the key trends in the global waterproofing membranes market. The crystalline waterproofing membranes are considered as the superior replacement for conventional waterproofing membranes as they rely on technology that turns porous concrete into an impermeable barrier. Since the use of crystalline waterproofing membranes results in reduced cracking, self-sealing, and provides a robust defense against the corrosion of reinforcing steel, the demand for these membranes is increasing, which in turn, will drive the market’s growth.
The waterproofing membranes market consists of a large number of vendors and is highly fragmented. These vendors are increasingly focusing on creating strong brand names, offering well-established products and materials, and exhibiting long-term reliability and expertise, which will enhance their customer base. Several vendors are increasingly competing against each other based on factors such as price, features, and product quality.
The report offers a detailed analysis of several leading companies, including:
Other prominent vendors in the market include CETCO, The Dow Chemical Company, RENOLIT, PPG, ARDEX, Weber, Fosroc, Tremco, Normet, Tarmac, RCC Waterproofing, David Ball, 3M, Quaker, Carlisle Coatings & Waterproofing, SOPREMA, Siplast, Johns Manville, GAF, Firestone Building Products, GSE Environmental, Weifang Chenhua Waterproof, Cangzhou Jiansheng Building Waterproof Material, Polymer Technologies, FairMate, W. R. Meadows, Kemper System America, CICO, and Paul Bauder.
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The waterproofing membranes application for roofing and walls segment dominated the waterproofing membranes market during 2016 and will continue to account for the largest shares during the estimated period as well. Factors such as the increased maintenance of aging buildings and the adoption of energy-efficient measures in advanced economies will drive the penetration of waterproofing membranes in the roofing and walls segment.
The waterproofing membranes market was dominated by APAC during 2016 and will continue to account for the maximum market shares in the forthcoming years as well. The region is witnessing large-scale spending by governments and private sectors towards the construction of tech firms, gaming centers, and movie theaters along with the rising awareness of the benefits of waterproofing membranes, which will in turn, fuel the growth of the market.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix3
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