Waterproofing Membranes Market, by Product Type (SBS Bitumen, APP Bitumen, Polyvinyl Chloride (PVC), Ethylene Propylene Diene Monomer (EPDM), Thermoplastic Olefin (TPO), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), and Others), by Category (Liquid Applied Membranes and Sheet-based Membranes), by Application (Roofing & Walls, Building Structures, Waste & Water Management, Mining Application, Landfill & Tunnel Liners, Bridges & Highways and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
A waterproofing membrane is a thin layer of material used to prevent water from contacting another material that it is placed over. Waterproofing membranes may be adhesive or simply laid on top of the material they are supposed to protect. Waterproofing membranes are made from many different materials and are commercially available in various sizes and thicknesses.
Market Dynamics
Global waterproofing membranes market is expected to exhibit a CAGR of 7.8% over the forecast period, owing to increasing demand for various applications such as roofing & walls, building structures, mining, and bridges & highways, among others. Furthermore, increasing mergers and acquisitions among key market players, across the globe is an added advantage for increase in demand for the global waterproofing membranes market.
Among material type, TPO (Thermoplastic Olefins) segment accounted for a significant market share in 2021. TPO waterproofing membranes are produced from a mixture of polypropylene and ethylene-propylene polymers. The TPO waterproofing membrane can be installed anytime during the year with an appropriate roof deck preparation.
TPO is highly preferred in North America and Europe, owing to various characteristics such as relatively lesser weight than other products (such as Polyvinyl Chloride), flexibility, and cost-effectiveness compared to hot air welded membranes. TPO membranes may or may not be reinforced. Moreover, other proprietary ingredients such as pigments, Ultraviolet (UV) absorbers, and flame retardants may also be added to TPO waterproofing membrane formulations.
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