What is Global Structural Waterproofing Tanking Membrane Market?
The Global Structural Waterproofing Tanking Membrane Market is a specialized sector that focuses on the production and distribution of waterproofing membranes. These membranes are primarily used in construction to prevent water ingress and provide structural protection. They are typically applied to the exterior of a building's foundation or below ground structures to protect against water damage. The market encompasses a variety of products, including bituminous tanking membrane, liquid tanking membrane, and others. Bituminous Tanking Membrane is a type of waterproofing membrane that is made from bitumen, a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It is known for its excellent water resistance and durability, making it a popular choice for waterproofing applications in construction. On the other hand, Liquid Tanking Membrane is a liquid-applied waterproofing product that cures to form a seamless, flexible, and water-resistant membrane. It is typically used in areas where a traditional sheet membrane may not be suitable, such as complex detailing and vertical applications. Other types of tanking membranes available in the market include cementitious tanking, bentonite clay membranes, and synthetic membranes, each with their unique properties and applications.
Bituminous Tanking Membrane, Liquid Tanking Membrane, Other in the Global Structural Waterproofing Tanking Membrane Market:
The use of these membranes is widespread in both residential and commercial buildings. In residential buildings, they are commonly used in basements, bathrooms, balconies, and other areas prone to water exposure. They provide an effective barrier against water ingress, protecting the building's structure and interior from potential water damage. In commercial buildings, these membranes are often used in larger scale applications such as underground car parks, lift pits, and retaining walls. They are also used in specialized applications such as green roofs and podium decks, where they not only provide waterproofing but also support the growth of vegetation. The use of these membranes in both residential and commercial buildings is driven by the need for durable and reliable waterproofing solutions that can withstand the rigors of different climatic conditions and usage scenarios.
Residential Building, Commercial Building in the Global Structural Waterproofing Tanking Membrane Market:
As per a recent survey, the global Structural Waterproofing Tanking Membrane market is expected to see significant growth in the coming years. The market, which was valued at US$ 5680 million in 2022, is projected to reach a value of US$ 7473.9 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 4.2% during the period from 2023 to 2029. This growth is expected to be driven by a number of factors, including increasing construction activities worldwide, growing awareness about the importance of proper waterproofing in building construction, and technological advancements in waterproofing products. However, the market's growth may be hampered by factors such as high product costs and the availability of cheaper alternatives. Despite these challenges, the market's outlook remains positive, with opportunities for growth in emerging markets and new application areas.
Global Structural Waterproofing Tanking Membrane Market Outlook:
In conclusion, the Global Structural Waterproofing Tanking Membrane Market is a dynamic and growing sector that plays a crucial role in the construction industry. With its wide range of products and applications, it offers effective solutions for protecting buildings from water damage and ensuring their longevity. As the market continues to grow and evolve, it is expected to offer even more innovative and efficient waterproofing solutions for both residential and commercial buildings.
| Report Metric | Details |
| Report Name | Structural Waterproofing Tanking Membrane Market |
| Accounted market size in 2022 | US$ 5680 million |
| Forecasted market size in 2029 | US$ 7473.9 million |
| CAGR | 4.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Visqueen, Sika, RIW, BMI Group, Carlisle SynTec Systems, roducts, Johns Manville, Tremco Incorporated, Trelleborg AB, PPG Industries, GAF Materials, Alderburgh |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
