The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033
LONDON, GREATER LONDON, UK, June 17, 2024 /EINPresswire.com/ — The global liquid applied membranes market is projected to grow from $18.89 billion in 2024 to $20.43 billion in 2024, at a CAGR of 8.1%. This growth is driven by infrastructure development, waterproofing requirements, and increased construction activities. The market is anticipated to reach $26.82 billion by 2028 at a compound annual growth rate (CAGR) of 7.0%, supported by urbanization, sustainable construction practices, and advancements in materials science.
Increasing Construction Activities Drive Market Growth
The rising construction activities in the residential and commercial sectors significantly contribute to the growth of the liquid applied membrane market. These membranes are essential for waterproofing and enhancing building durability. For instance, reports from the United States Census Bureau indicate an over 8% increase in the value of residential and non-residential constructions between 2020 and 2021. Moreover, the number of privately owned housing units approved by building permits saw a substantial rise, further driving market growth.
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Key Players and Market Trends
Major players such as Dow Inc., Fosroc International Limited, and GAF Materials Corporation are focusing on innovative products and technologies to enhance their market positions. For example, Bostik’s Seal & Block line, launched in March 2024, offers high-performance waterproofing solutions for various applications, showcasing the industry’s commitment to innovation and sustainability.
Segments:
• Type: Polyurethane, Cementitious, Bituminous, Other Types
• Application: Roofing, Walls, Underground And Tunnels, Other Applications
• End-Use: Residential Construction, Commercial Construction, Public Infrastructure
Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the liquid applied membrane market in 2024, driven by significant construction activities and infrastructure investments. North America is expected to be the fastest-growing region during the forecast period, supported by advancements in construction technologies and increasing urbanization.
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Liquid Applied Membranes Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Liquid Applied Membranes Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on liquid applied membranes market size, liquid applied membranes market drivers and trends, liquid applied membranes market major players, competitors’ revenues, market positioning, and market growth across geographies. The liquid applied membranes market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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