Global Waterproofing Systems Market
The GMI Research forecasts that the Waterproofing Systems Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the mounting demand for cost-efficient systems and the emergence of environmentally friendly green buildings accompanied by the enlarged construction sector.
Introduction of the Waterproofing Systems Market
Waterproofing assists in protecting structures against water infiltration, which can result in expensive and enduring damage. The structure becomes invisible most of the time and offers various advantages such as UV radiation, heat resilience, and waterproofing at the time of the rainy season. The market includes waterproofing chemicals, membranes, and integral systems.
Key Players of the Global Waterproofing Systems Market:
- SIKA AG
- MAPEI S.p.A.
- BASF SE
- HENKEL POLYBIT INDUSTRIES LTD.
- PIDILITE INDUSTRIES
Waterproofing Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The crucial driver responsible for the growth of the global waterproofing systems market includes their augmenting application across the construction industry. The UAE government initiated several initiatives and infrastructure plans, which include the Energy Strategy 2050, the Sheikh Zayed Housing Programme, and the Dubai Tourism Strategy to enlarge the construction sector. In addition, the accelerating urban population and rising knowledge about their beneficial advantages will further strengthen the waterproofing systems market size. These systems are easy to lodge and require less labor input, thereby reducing the repair and maintenance cost on both short and long-term basis. Also, the aggravating demand for these cost-effective systems across residential and commercial spaces has fuelled the waterproofing systems industry's growth.
However, the amplifying knowledge about the side effects caused by chemicals or membranes is likely to curb the waterproofing systems market share. These systems can also cause risks to the environment and human health.
Type Segment Drivers
Based on the type, integral services will experience a significant demand in the near future due to their properties like being faster to apply, cost-efficient, and more dependable. These systems help counteract the devaluation of concrete structures, enhance durability, and minimize maintenance costs.
Application Segment Drivers
Based on the application, the building structure is contemplated to expand at a higher growth rate. The structure refers to the areas except for foundations, balconies, basements, and storage rooms. The potential of these systems to offer efficient and long-term defence from these subjections and to ensure the protection of buildings are propelling the market growth.
Based on the regional coverage, Asia-Pacific is projected to hold the largest market share in the market. This is mainly owing to the ongoing extension of the construction sector and increasing spending in Asian countries. Moreover, the launch of energy-saving policies is supplementing the market growth. The rapid expansion in residential and commercial building construction in enormous metro rail projects will further contribute to the market growth.
Waterproofing Systems Market Segmentation:
Segmentation by Type
- Waterproofing Chemicals
- Waterproofing Membranes
- Integral Services
Segmentation by Application
- Roofing Walls
- Building Structure
- Waste Water management
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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