#Waterproofing Membrane Market
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Massive growth of Waterproofing Membrane Market 2030 with high CAGR in Coming Years
The waterproofing membrane market refers to the industry involved in the production, distribution, and application of materials designed to prevent water infiltration into buildings, infrastructure, and other structures. Waterproofing membranes are thin sheets of material that are applied to surfaces to create a barrier that prevents water from penetrating into the substrate.
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The market for waterproofing membranes is driven by the need to protect structures from water damage, which can cause structural damage and reduce the lifespan of buildings and infrastructure. Waterproofing membranes are used in a wide range of applications, including roofing, basements, tunnels, bridges, and other civil engineering projects.
The global waterproofing membrane market is expected to continue to grow in the coming years due to increasing demand from the construction industry, particularly in emerging economies. Factors such as population growth, urbanization, and the need for improved infrastructure are expected to drive demand for waterproofing membranes in the future.
There are several types of waterproofing membranes available, including bituminous, synthetic, and liquid-applied membranes. Bituminous membranes are made from asphalt and are commonly used in roofing applications, while synthetic membranes are made from materials such as PVC or TPO and are often used in flat roofing applications. Liquid-applied membranes are typically used in below-grade applications, such as basement waterproofing.
Key players in the waterproofing membrane market include BASF SE, Carlisle Companies Inc., Firestone Building Products Company LLC, GAF Materials Corporation, Johns Manville, Sika AG, The Dow Chemical Company, and The Goodyear Tire & Rubber Company, among others. These companies compete on the basis of product quality, price, and innovation, and invest heavily in research and development to stay competitive in the market.
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#Vietnam Waterproofing Membranes Market#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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The waterproofing membranes market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 4.6% in the forecast period of 2021 to 2028 and expected to reach USD 12,394.39 million by 2028.
#North America Waterproofing Membranes Market#North America Waterproofing Membranes Market Share#North America Waterproofing Membranes Market Size#North America Waterproofing Membranes Market Growth#North America Waterproofing Membranes Market Trends.
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The global commercial restoration Waterproofing Membrane market size was USD 3745 Million in 2022 and is expected to register a revenue CAGR of 7% during the forecast period.
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Waterproofing Membranes Market Global Demand Analysis & Opportunity Outlook 2035
Research analysis on “Waterproofing Membranes Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global waterproofing membranes market in terms of market segmentation by type, end user, and by region.
Expanding construction activities to Promote Global Market Share of Waterproofing Membranes
The construction industry's growth was a primary driver for the waterproofing membranes sector. According to a report, the global construction industry was expected to reach a value of over USD 17 trillion by 2024. Investments in infrastructure projects, such as roads, bridges, tunnels, and public utilities, were on the rise globally. Rapid urbanization and population expansion were driving the need for more housing and infrastructure, leading to increased construction activities and, subsequently, higher demand for waterproofing solutions.
Some of the major growth factors and challenges that are associated with the growth of the global waterproofing membranes market are:
Growth Drivers:
• Infrastructure development
• Growing population growth
Challenges:
Proper installation of waterproofing membranes is crucial for their effectiveness. However, the installation process can be complex and requires skilled labor. Inadequate installation can lead to water leakage and compromised waterproofing performance. Some traditional waterproofing membranes may contain hazardous materials or chemicals that can pose environmental risks during their production, use, and disposal. Increasing environmental regulations and customer demand for eco-friendly solutions challenge the industry to develop more sustainable products.
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The bituminous segment is to garner a highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Bituminous waterproofing membranes are often considered more cost-effective compared to other types of waterproofing materials. This affordability makes them a popular choice for various construction projects. Bituminous membranes are available in different forms, including torch-applied, self-adhesive, and hot-mopped, making them suitable for various application methods and project requirements. Additionally, their ease of installation compared to some other waterproofing systems contributes to their popularity.
By region, the Europe waterproofing membranes market is to generate a notable revenue by the end of 2035. Europe has a substantial need for infrastructure development and renovation projects, including roads, bridges, railways, and utilities. These projects create a strong demand for waterproofing membranes to protect these structures from water damage and extend their lifespan. Europe has some of the most stringent building regulations and standards related to water resistance and energy efficiency. Compliance with these regulations drives the adoption of high-quality waterproofing membranes in construction projects.
This report also provides the existing competitive scenario of some of the key players of the global waterproofing membranes market which includes company profiling of Sika AG, BASF SE, Carlisle Companies Incorporated, Dow Inc., GCP Applied Technologies Inc., and others.
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Waterproofing Membranes Market Focusing On The Basis Of Product, Application, Region And Forecast 2030: Grand View Research Inc.
San Francisco, 27 June 2023: The Report Waterproofing Membranes Market Size, Share & Trends Analysis Report By Product (Liquid Applied, Sheet (PVC, EPDM)), By Application (Roofing, Building), By Region, And Segment Forecasts, 2023 – 2030 The global waterproofing membranes market size is likely to reach USD 40.15 billion by 2030, according to a new report by Grand View Research, Inc. The market…
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#Waterproofing Membranes Industry#Waterproofing Membranes Market#Waterproofing Membranes Market 2023#Waterproofing Membranes Market Revenue#Waterproofing Membranes Market Share#Waterproofing Membranes Market Size
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According to a new market research report, the “Waterproofing Membranes Market by Raw Material, Type (Liquid Applied, Sheet Based), Usage (New Construction, Refurbishment), Application (Building Structure, Roofing, Roadways, Waste & Water Management, Walls), and Region- Global Forecast to 2025″, The global waterproofing membranes market size is estimated at USD 33.5 billion in 2020 and is projected to reach USD 38.8 billion by 2025, at a CAGR of 5.4%.
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Boots/shoes- I always travel with two pairs and flips flops. So you’ll see how things are partnered up; in the summer it’ll be the Defcons and the Breeze, winter time it’s the Torre and the TGoods. This allows for the bad weather, mud, etc that is always present and me to have a pair ready for work and play no matter the weather.
1. Vasque Breeze Low- no longer made, so I just scored another pair but the Talus may be a solid replacement. The Breeze is waterproof, bomber 550 like laces, flat sole and can be used to run. Used year round on all ranges. Comfortable to freezing with proper socks.
2. Thorogood Moc Toe- waterproof, resoleable, tough as nails and USA made. I can’t remember this model but it has the waterproof membrane in it. Used mostly for long distance motorcycle rides/courses and any breaching courses. I wear them a lot because once broken in they are like slippers. If I can have only one boot- this is it. Comfortable from mids 20s to over 100 with proper socks.
3. DEFCON Vans- I know they are hard to get but these are my summer shoes because of how hot it gets in the south. I’ll do June ,July and August wearing these and also when traveling by plane. 60-100 degrees dry conditions and flat terrain.
4. Vasque Torre AT GTX- bottom line is this is the best waterproof hiker on the market today. Sorry to all you Salomon people but you’re not even in the same category. The Torre has complete goretex liner, 550 laces, wide toebox, flat sole, a rubber rand that encompasses the entire shoe and it weighs in under that magical 22 ozs. (That’s the weight of a boot when most people say “it’s really lightweight “!) . The Torre has no competition on the market right now IMO. Low 20’s to mid 80’s with proper socks.
5. Olukai . There is only one sandal/flip flop and that’s Olukai. Legitimately the one piece travel gear that anyone who travels a lot will fight over and I myself have called the most important piece of travel gear. Olukai flops will last longer and be more comfortable than any of the crap you see in a box store. This is the Ohana model with the bomber tread.
#defoor #defoorproformanceshooting #kd4
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Application of bitumen in building
Bitumen has numerous applications in the construction industry, primarily serving as an adhesive and waterproofing material. Its versatile properties make it indispensable in various building-related functions. Here are some key applications of bitumen in construction:
1. Roofing and Waterproofing:
Bitumen 60/70 is extensively used in roofing systems to provide waterproof membranes for flat roofs. Traditional bitumen roofing membranes consist of layers of bitumen sprayed with aggregate, with a carrier fabric made of polyester or glass in between. Polymer-modified bitumen sheets have become the standard for flat roof waterproofing. Bituminous roofing membranes can also be recycled easily, enhancing their sustainability.
2. Wall Sealing:
Bitumen 60/70 plays a crucial role in sealing walls, providing protection against water and moisture intrusion. It is applied to substrates such as bathrooms and toilets, which are constantly exposed to moisture, to prevent water penetration and safeguard the underlying structures.
3. Floor and Wall Insulation:
Bitumen 80/100 insulation is widely employed for building waterproofing, both horizontally and vertically. It effectively prevents water penetration into floorboards and walls, offering reliable protection. Bitumen's chemical and physical properties make it easy to work with and highly durable.
4. Sound Insulation:
Bitumen's sound-absorbing properties find applications beyond construction. It helps reduce noise transmission, such as the sound of footsteps under floor coverings. Special tar mats in cars and elevators utilize Bitumen 80/100 for sound insulation.
5. Electrical Cable Insulation:
Bitumen's low electrical conductivity makes it suitable for use as an insulating material for electrical cables. It helps protect the cables and prevent electrical hazards.
6. Other Uses:
Bitumen 80/100 & bitumen 60/70 finds application in various other areas, such as the paper industry and the manufacturing of paints and varnishes. Its thermal insulation properties are beneficial in different contexts.
From an ecological standpoint, bitumen is highly regarded for its long lifespan. It remains a popular construction material, with significant demand both domestically and in international markets. The producer of bitumen in Iran exports a large percentage of its production to other countries such as Singapore, Dubai, Panama.
In residential construction, plastic-modified bitumen (KMB) coatings are commonly used for insulation. They compete with bitumen-free FPD (Flexible Polymer Disc) seals, which are easier to apply and offer faster repair options.
Overall, the applications of bitumen in the construction industry are extensive, ranging from roofing and waterproofing to sound insulation and electrical cable insulation. Its versatility and durability make it a valuable material in various building-related functions.
Important Considerations Before Using Bitumen:
1. Surface Preparation:
Before applying bitumen, it is crucial to ensure that the surface is clean, dry, and free from any contaminants. Even the presence of dust, dirt, or grease can hinder the adhesion of the bitumen coating and compromise the effectiveness of the seal. Additionally, the surface should be free from frost. If there are old incompatible coatings, they must be removed. In the case of older buildings, previous applications of bituminous paints may not provide a suitable surface for polymer-modified bitumen (PMB) coatings.
2. Repairing Cracks and Unevenness:
Prior to applying bitumen, any cracks or unevenness on the surface should be repaired using appropriate materials like repair mortar or leveling compounds. This ensures a smooth and uniform surface, promoting better adhesion and a more effective seal.
3. Additional Preparatory Measures:
In some cases, additional preparatory measures may be necessary. One option is to use a layer of synthetic resin on the coarse-pored bed or to apply a sealing slurry. A sealing slurry is a waterproof mixture of cement and plastic that allows water vapor to pass through. The advantage of using a sealing slurry is that it can adhere well to old bituminous coatings, providing an ideal substrate for applying a thick new bituminous coating.
By following these steps and ensuring proper surface preparation, you can optimize the adhesion and effectiveness of bitumen coatings in various applications.
What are the suitable means for repairing cracks and unevenness on the surface before applying bitumen?
There are several suitable means for repairing cracks and unevenness on the surface before applying bitumen. The choice of repair method depends on the severity of the damage and the specific requirements of the project. Here are some common methods for repairing cracks and unevenness:
1. Crack Fillers and Sealants:
For smaller cracks, crack fillers or sealants can be used. These materials, such as asphalt-based crack fillers or specialized concrete crack sealants, are designed to fill and seal cracks, preventing water infiltration and further damage. They are typically applied using a caulk gun or trowel.
2. Repair Mortar:
Repair mortars are suitable for filling larger cracks, holes, or areas of unevenness. These mortars are made from a blend of cement, sand, and additives to enhance adhesion and strength. They can be mixed with water to create a workable paste and then applied to the damaged areas using a trowel or other appropriate tools. Repair mortars are commonly used for repairing concrete surfaces.
3. Leveling Compounds:
Leveling compounds, also known as self-leveling underlayments or floor levelers, are used to create a smooth and level surface. These compounds are typically made from a blend of cement, fine aggregates, and additives. They have a fluid consistency that allows them to flow and self-level over uneven areas. Leveling compounds are commonly used to repair uneven concrete or subfloor surfaces before applying flooring materials.
4. Patching Mixtures:
Patching mixtures, such as asphalt patching compounds or repair mixes, are specifically designed for repairing asphalt surfaces. They typically contain a combination of asphalt binder, aggregates, and additives. These mixtures can be applied to fill potholes, repair damaged areas, or smooth out unevenness in asphalt surfaces.
5. Resurfacing:
In cases where the damage or unevenness is more extensive, resurfacing the entire surface may be necessary. This involves applying a new layer of bitumen or asphalt mixture over the existing surface to create a smooth and uniform finish. Resurfacing can help address multiple issues, including cracks, potholes, and unevenness.
It's important to follow the manufacturer's instructions and best practices when using any repair materials. Additionally, proper surface preparation, including cleaning and removing loose debris, is essential before applying any repair method.
ATDM CO is a manufacturer and exporter of Bitumen 60/70, offering three different quality grades available in drums, bags, and bulk quantities. Our products are classified into premium, second, and third types, each with varying production costs and facilities. We provide a wide range of options to accommodate different customer needs and volume requirements.
#bitumen#bitumen 60/70#bitumen 80/100#bitumen 60/70 specs#bitumen penetration grade 60/70#bitumen 60/70 specification#bitumen 60 70#atdm co llc.
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Flat Roofing Contractor Services
Are you in the market for a new roof or in need of repairs? Look no further than flat roofing contractor services! Flat roofs have become increasingly popular due to their modern, sleek design and practicality. Whether you are building a new commercial property or revamping your current residential space, our expert team can provide top-notch installation, maintenance and repair services to ensure that your roof is not only functional but also aesthetically pleasing. Keep reading to learn more about the benefits of flat roofing and how we can help bring your vision to life!
What is a flat roof?
A flat roof is a type of roofing system that has a generally level surface, instead of the traditional sloped surface found on most roofs. While there are a few different types of flat roofs, the most common type is a membrane roof. Membrane roofs are made from layers of waterproof material that are fastened together and then sealed with tar or another type of adhesive.
Different types of flat roofs
There are four main types of flat roofs: built-up roofs, single-ply membranes, spray foam roofs, and vegetative roofs. Built-up roofing is one of the most common types of flat roofing. It consists of multiple layers of asphalt or tar paper that are bonded together with adhesive or hot mopping. This type of roofing is very durable and can last up to 20 years with proper maintenance. Single-ply membrane roofs are made from a single layer of synthetic material, such as PVC or TPO. These roofs are very popular because they are easy to install and repair. They are also resistant to UV rays, making them a good choice for areas that receive a lot of sunlight. However, they can be susceptible to damage from high winds and hail. Spray foam roofs are made from polyurethane foam that is sprayed onto the roof surface. This type of roofing provides excellent insulation and can help reduce energy costs. However, it is important to ensure that the foam is applied correctly in order to avoid leaks. Vegetative roofs are also known as green roofs or living roofs. They consist of a layer of vegetation that is planted over the top of the roof membrane. Vegetative roofs provide excellent insulation and can help improve air quality in urban areas.
Advantages and disadvantages of a flat roof
Flat roofs are a type of roofing system that is commonly used in commercial and industrial buildings. They are also becoming increasingly popular in residential applications. Flat roofs have many advantages, including their low cost, durability, and easy maintenance. However, there are also some disadvantages to consider before choosing a flat roof for your home or business. Advantages: 1. Low cost: Flat roofs are typically much cheaper to install than pitched roofs. This is because they require less materials and labor to construct. 2. Durability: Flat roofs are very durable and can last for decades with proper care and maintenance. 3. Easy maintenance: Flat roofs are easy to inspect and repair, thanks to their accessible nature. Inspections can be performed from the ground level without the need for special equipment or training. Disadvantages: 1. Limited drainage: Flat roofs can sometimes suffer from poor drainage due to their lack of slope. This can lead to pooled water on the surface of the roof, which can damage the roofing materials over time. 2. Heat retention: Flat roofs tend to retain heat more than pitched roofs, which can make them less energy-efficient in warm climates. 3. Snow accumulation: In areas with heavy snowfall, flat roofs can sometimes suffer from accumulation due to their lack of slope. This can put extra strain on the roofing materials and lead to premature wear or even collapse if not properly managed
How to find a reputable flat roofing contractor
The best way to find a reputable flat roofing contractor is to ask around for recommendations. Talk to friends, family, and neighbors who have had flat roofs installed or repaired recently, and see if they had a good experience with their contractor. Once you have a few names, research each one online to see what others are saying about them. Look for reviews on independent sites like Google and Yelp, and check the contractor’s website and social media accounts for customer testimonials. When you’ve narrowed down your choices, contact each contractor to get a quote for your project. Be sure to ask about their experience with flat roofs, what type of materials they use, and whether they offer any warranties or guarantees. Get at least three quotes so you can compare prices and services before making your final decision.
Flat roofing contractor services
A good flat roofing contractor will provide a wide range of services to their clients. These services can include anything from repair and maintenance, to new construction. Here are just a few of the things that you should expect from your contractor: -Inspection and Assessment: A good contractor will always start with a thorough inspection of your roof. They will look for any signs of damage or wear and tear. Once they have assessed the condition of your roof, they will be able to give you a realistic estimate of the costs for repairs or replacement. -Repair and Maintenance: If your roof is in need of repairs, a good contractor will be able to fix it quickly and efficiently. They will also be able to provide you with regular maintenance services, such as cleaning and checking for leaks, to keep your roof in top condition. -New Construction: If you are looking to have a new roof installed, a good contractor will be able to handle the entire process for you. They will work with you to choose the right materials and design for your needs, and then they will handle all of the installation work.
Conclusion
Flat roofing can provide a durable and cost-effective solution for any construction project. With the help of a professional flat roofing contractor, you can make sure that your new roof will be installed in an efficient and timely manner. Make sure to research different contractors in order to find one with the experience and expertise needed to get the job done right. With their help, you’ll have peace of mind knowing that your flat roof is built and maintained properly for years to come.
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#Japan Waterproofing Membranes Market#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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Europe waterproofing membrane market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.4% in the forecast period of 2023 to 2030
#Europe Waterproofing Membrane Market#Europe Waterproofing Membrane Market Share#Europe Waterproofing Membrane Market Size#Europe Waterproofing Membrane Market Growth#Europe Waterproofing Membrane Market Trends.
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India Waterproofing Material Market Size, Share, Growth and Forecast 2031
India waterproofing material market is projected to witness a CAGR of 7.67% during the forecast period FY2025-FY2032, growing from USD 1.25 billion in FY2024 to USD 2.26 billion in FY2032. The market in India is experiencing robust growth owing to the rise in construction and infrastructure development across the country, coupled with an increase in government schemes concerning housing projects. overnment schemes such as the Smart Cities Mission and the Housing for All Program drive the demand for waterproofing materials. Along with this, rapid urbanization and an increase in the construction of new residential, commercial, and industrial projects amplify the need for high-performance waterproofing materials. Large-scale projects, including metro networks, highways, bridges, and multiple buildings, require high-performance waterproofing solutions for safety and durability. The waterproofing materials are effective in protecting against water damage and their consequential problems that cause critical consequences, including weakening structures and shortening the life spans of buildings. With the average annual rainfall of about 1,200 millimeters in India and increasing cases of urban flooding, the need for adequate waterproofing materials to shelter and protect infrastructure from water damage is immense, propelling the demand for India waterproofing materials market. One notable area of advancement in waterproofing is liquid-applied membrane technology, whose utilization is increasing in the construction sector in the country. This trend is expected to drive growth in the waterproofing materials market across India. Due to this, companies are entering into a strategic partnership to expand their high-performance product lines and leverage the expertise of high-performance waterproofing solutions provided by the partnered company for challenging construction sites.
For instance, in April 2022, Pidilite Industries Limited partnered with GCP Applied Technologies Inc, a global leader in construction products, to offer high-performance waterproofing products for challenging sites that have exposure to high-temperature variation and water tables, under its brand Dr.Fixit. Products, including PREPRUFE are high-performance, pre-applied waterproofing systems for critical applications in below-grade construction. It prevents water migration along seams, which can potentially compromise the integrity of the foundation of structures. There is easy installation with robust protection against moisture, gas, and UV radiation for harsh environments. SILCOR 1100 is another product that is a structural waterproofing membrane specifically designed for buried applications. This product is economical, fast to apply, seamless, and durable with an unlimited overcoat time, which limits waste and prolongs the life of concrete structures.
Demand for Residential Construction to Drive Market Growth
The demand for waterproofing materials in India is rising due to the growing residential real estate sector. The World Bank estimated that 40% of the population will live in urban areas by 2036, which was 31% in 2011. The residential sector is projected to be the largest consumer of waterproofing materials, holding a significant market share and is expected to grow during the forecast period. As India’s construction market is set to become the third largest globally by 2025, the demand for innovative and eco-friendly waterproofing solutions will increase, presenting significant opportunities for manufacturers and suppliers in this expanding market. As urban areas expand, the need for robust waterproofing solutions becomes increasingly critical to protect residential from water damage. Moreover, India’s climate characterized by heavy monsoon rains, amplifies the need for advanced waterproofing products. The changing consumer preferences for products are driving the demand for innovative waterproofing products that mitigate the impact of climate while providing effective protection. As a result, manufacturers and companies are innovating to solve problems such as leaky roofs, damp basements, cracked walls, and peeling paint that are caused by heavy rains.
For instance, in October 2023, Berger Paints Limited developed the Berger DAMPSTOP product line that provides waterproofing products with streamlined process-to-consumer and a range of solutions to meet several different waterproofing needs, including dampness, silane treatment, and salt leaching treatment. Moreover, the product is posed as an effective solution to the problems caused by heavy rains.
Climate Risks Drive the Waterproofing Market Growth
Waterproofing materials play a significant role in reducing risks from water seepage, building structures from decaying and extending their overall lifespan. Due to the increased frequency of weather conditions and flooding in cities, construction industries are prone to provide waterproofing solutions. The increasing frequency of heavy rainfalls due to climate changes causes moisture and weakens the buildings’ structure. Effective waterproofing systems are crucial in preventing moisture-related issues such as mold growth and foundation damage, driving the demand for India waterproofing materials market in the forecast period. Builders, developers, and homeowners are increasingly adopting advanced waterproofing technologies to minimize the climate impact on their buildings. The growing popularity of liquid-applied membranes and crystalline admixtures due to their superior performances and easier applications is expected to further propel the waterproofing materials market, as customers prioritize effective solutions to minimize the impact of climate variability and urban flooding. The demand for waterproofing materials in India is set to witness substantial growth, driven by companies launching a wider range of solutions to meet the diverse needs of customers.
For instance, in August 2023, Asian Paints Limited launched its new product Asian paints Smart Care Hydroloc, a ready-to-use interior water-proofing solution that can be applied effortlessly. SmartCare Hydroloc is an easy, convenient, and effortless, solution for interior waterproofing problems due to changing climatic conditions.
Increasing Demand for Cement-based Waterproofing Materials
Cement-based waterproofing materials are experiencing a significant demand, led by advancements in product development and the growing demand from the construction industry. The expanding segment of cement-based waterproofing materials is attributed to the rising number of buildings requiring protection against water damage in cement-based construction. This advancement has further accelerated due to the production of a wide variety of products for the foundation, roof, and basement wall areas. Increasing consumer awareness of advanced water-proofing solutions is promoting usage of cement-based waterproofing materials as more consumers want reliable and effective products. As the construction sector evolves, the emphasis on durable waterproofing materials will play a crucial role in ensuring the longevity and integrity of structures, further driving market growth and innovation in this essential segment. Moreover, consumer awareness in India is a key driver of innovation and competitiveness within this segment. As a result, companies are providing a broader range of options to meet diverse consumer needs. This responsiveness to market demands enhances product offerings and fosters growth in the sector.
For instance, in February 2023, Bostik India Private Limited Private Limited launched the SEAL & BLOCK brand, which offers multiple cement-based waterproofing solutions from basement to roof across the globe.
Southern India to Witness High Growth Rate for Most Types of Waterproofing
Southern India was the largest growing region for waterproofing materials during the forecast period due to several significant factors, including high urbanization in Kerala, Karnataka, Tamil Nadu, Telangana, and Andhra Pradesh and infrastructure development concurrent with renovation activities in these economically developed states. The Indian government is investing heavily in construction projects across southern India to develop modern infrastructure as materials enhance the durability and sustainability of the new infrastructure and buildings. Most of the consumers in South India are looking for waterproofing solutions that prove to be low-cost compared to other waterproofing solutions, providing better quality of work in the construction, and subsequently yield better results in the long run in the future. Infrastructure projects such as roads, bridges, metros, and tunnels in India are fueling the demand for waterproofing solutions in the region directly. Companies aim to partner and launch products according to the needs of customers through acquisitions to gain a larger market share on a global scale.
For instance, in March 2023, Nippon Paint (India) Private Limited would foray into the USD 1.48 billion construction chemicals market as it eyes to expand its product portfolio, with setting up the plant in Chennai, Tamil Nadu. Nippon Paint planned to increase the dealer touch points by 50 percent. Attributing to the increase in residential and commercial building constructions for its foray into the construction chemicals division, according to the Nippon Paint waterproofing product will grow due to the rapid urbanization.
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Future Market Scenario (FY2025 – FY2032F)
Advanced waterproofing materials are likely to gain significant traction owing to rapid urbanization and increasing investments in small and large construction projects across India.
The government’s increasing investments in construction development will increase the demand for waterproofing materials further.
New companies entering the market and incumbent firms expanding their product line will increase competition in the marketplace. There is potential for collaboration between manufacturers and construction companies to create specialized solutions suited to the needs of individual projects.
An increasing number of commercial and non-commercial construction projects in emerging economies is expected to increase the overall demand for waterproofing materials in the forecast period.
Report Scope
“India Waterproofing Material Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India waterproofing material market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
Click here for full report- https://www.marketsandata.com/industry-reports/india-waterproofing-material-market
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