Global Waterproofing Membrane Market Going Up

The future of the waterproofing membrane market looks promising, with opportunities in non-residential construction and residential industries.

The global waterproofing membrane market is expected to reach an estimated $24.2 billion by 2021 and is forecast to grow at a CAGR (compound annual growth rate) of 4.3% from 2016 to 2021. The major growth drivers for this market are increasing construction activities and cost-effectiveness of waterproofing membranes.

Emerging trends, which have a direct impact on the dynamics of the waterproofing membrane industry, include increasing use of breathable waterproofing membrane and growing use of eco-friendly materials.

Within the waterproofing membrane market, the largest application will continue to be roofing and wall; it is also expected to witness the highest growth. During the forecast period, growth in the roofing and wall applications will likely be driven by increased demand for single ply roofing, growing energy-efficient roofing solutions, and the increasing retrofit market in Europe and North America.

As construction activities grow, the market for waterproofing membranes will also increase in many sectors. This correlation will benefit the entire construction industry.

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