Waterproofing Systems Market worth $72.0 billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

Based on type, the waterproofing membranes segment is projected to lead the overall Waterproofing Systems Market during the forecast period.

Waterproofing membranes are materials that are used to prevent water ingress in any building structure. These are available in sheet form of liquid applied. These systems are easy to handle, easy to apply, highly efficient, flexible, and provide improved strength, tear resistance, weathering resistance, UV stability, and elasticity to the applied surface. They are used for applications, such as roofing & walls, building structures, waste & water management activities, tunnel liners, bridges & highways, and others.

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Based on region, APAC is estimated to lead the Waterproofing Systems Market in 2020.

APAC is projected to be the fastest-growing market for waterproofing systems. The rising population, increased demand for residential buildings, rapid industrialization, and increased urbanization are driving the APAC Waterproofing Systems Market. China is the largest market for waterproofing systems in the region. China is also a major producer and consumer of waterproofing systems in the region as it has a huge manufacturing base. Apart from China, India, and South Korea are projected to grow at a decent rate during the forecast period.

The key players in the Waterproofing Systems Market include Sika AG (Switzerland), BASF SE (Germany), Soprema (France), GCP applied technologies (US), Fosroc (UK), Mapei S.P.A (Italy), Carlisle Construction Company (US), Tremco (US), Pidilite Industries (India), and Henkel Polybit (UAE). These players have established a strong foothold in the market by adopting strategies, such as expansions, mergers & acquisitions, agreements & partnerships, and new product launches.

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