Waterproofing Membrane Market Size Worth $9.5 Billion by 2022: Global Market Insights, Inc.

Waterproofing Membrane Market Size is expected to register USD 9.5 Billion by 2022; as per a new research report by Global Market Insights, Inc. Strong focus on superior quality and durable construction material is likely to drive demand. Booming construction industry, particularly in Asia Pacific and Middle East, has spurred material technology innovation which is likely to a positive impact on waterproofing membrane market size.

Browse In-depth Research Report on Global Waterproofing Membrane Market with detailed Charts and Figures: https://www.gminsights.com/industry-analysis/waterproofing-membrane-market-size

Polymer membrane market share dominated the product segment and accounted for more than 45% of the total demand in 2014. Increasing use of these membranes owing to wide availability of raw materials such as PU, PVC and EPDM is anticipated to drive demand. Bitumen is also likely to witness above average growth rate estimated at 6.7% up to 2022.

Roofing waterproofing membrane market size accounted for 26.9% of the total volume in 2014. Building structures are likely to witness significant gains at 7.1% from 2015 to 2022. Fluctuating polypropylene and bitumen price trend is likely to hamper industry profitability. Less knowledge among contractors for using right quality and type of construction chemicals in durable structure application is likely to challenge its growth.

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Key Insights from the Report Include:

• Global waterproofing membrane market size was estimated 1.94 Billion square meters in 2014 and may reach 3.2 Million square meters by 2022 growing at an estimated CAGR of 6.6%.

• Liquid applied membrane applications were the largest and accounted for 67.2% of the total volume in 2014. Increasing importance of superior performance water repellants available at cost effective pricing coupled with rising infrastructure investments is likely to...