Waterproofing Membranes Market to Hit USD 14 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Del., Dec. 2, 2019 /PRNewswire/ -- Waterproofing Membranes Marketrevenueis projected to exceed US$ 14 billion by 2026, says the latest reportA by Global Market Insights, Inc. The booming building & construction sector along with rising government investment in infrastructure development should drive industry growth.Consumers are increasingly aware of the various advantages of waterproofing membranes such as reduced maintenance costs and risk of structural disintegration which should create various opportunities for the market. There is a significant expansion of the manufacturing sector which has increased the demand for water management and wastewater treatment activities which is the primary contributing factor for waterproofing membranes market growth.Request for a sample of this research report @A major findings of the waterproofing membranes market report include:

The market demand for polymer modified cementitious membranes is increasing globally pertaining to several benefits such as excellent resistance to long-term wear, high load-bearing capacity, scratch resistance, and high permeability to water vapor.

The growing investment in Asia Pacific infrastructure sector along with increasing consumer spending on construction activities and rising urbanization is driving the market.

The growing requirement of industrial infrastructure and building renovation trends in Latin American countries including Brazil & Argentina is expected to boost industry growth.

DuPont, Covestro, Fosroc, Pidilite, Dow Chemicals, CICO technologies and W.R. Meadows are among the market leaders operating in the global waterproofing membranes market.

Market players are engaged in technological innovations to develop new products which should accelerate market share

The effectiveness and water retarding properties of waterproofing membranes depend on the raw materials used to produce them and the efficiency of the installation process. Poor onsite practices during the installation process, a lack of quality control or lack of contractor expertise may lead to low product performance or durability. Moreover, improper substrate preparation leading to the presence of excessive moisture or hydrostatic pressure may cause poor adhesion or low-quality membrane application which limits the waterproofing membrane industry expansion.
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