Increasing Demand for Bitumen Set to Fuel Growth in Waterproofing Membranes Market from 2019 to 2027: TMR

Increasing Demand for Bitumen Set to Fuel Growth in Waterproofing Membranes Market from 2019 to 2027: TMR

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ALBANY, N.Y., Sept. 10, 2020

- Growing population is contributing to increasing construction volume and that in turn is driving market on an upward growth trajectory

- North America is anticipated to grow at a steady pace over the forecast period while Europe is set to account for a notable share of the market in terms of value

ALBANY, N.Y., Sept. 10, 2020 /PRNewswire/ -- From 2019 to 2027, the global waterproofing membranes market is set to grow at a compound annual growth rate of about 7%. This is set to translate into a higher market worth as well as gainful growth opportunities over the aforementioned forecast period.

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As per Transparency Market Research, "Novel growth opportunities will emerge in the developing regions of the world such as Middle East and Africa, Latin America, and Asia Pacific as an outcome of economic growth, which is leading to rapid urbanization."

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Competitive Landscape of Global Waterproofing Membranes Market:

The global waterproofing membranes market is a fragmented vendor landscape with a number of players operating in it. Some of the top ones that are also covered comprehensively by Transparency Market Research are BASF SE, Pidilite Industries Ltd., Carlisle Companies Inc., Fosroc International Ltd, Dow Chemical Company, GAF Materials Corporation, SIKA AG, Solmax, Paul Bauder GmbH & Co.KG, Maris Polymers, Soprema Group, Alchimica Building Chemicals, Johns Manville, CICO Technologies Limited, and Kemper System America, Inc., among others.

TMR, in its market report, enumerates essential and insightful details such as information on financials, product details, recent developments and business strategies. It is quite interesting to note here that companies are actively engaging in growth measures – mix of organic and inorganic strategies. Some of these include entering key alliances such as mergers and acquisitions, partnerships and collaborations, and joint ventures for expansion purposes.

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Global Waterproofing Membranes Market: Research Scope

Waterproofing Membranes Market by Material

Waterproofing Membranes Market by Type

Waterproofing Membranes Market by Application

Waterproofing Membranes Market by Region

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Ion Exchange Membrane Market - The global ion exchange membrane market is primarily driven by growth of the global wastewater treatment industry. The membrane filtration technology is mostly utilized for wastewater treatment. Demand for the wastewater technology has been rising over the last few years, due to increase in demand for purified water. The expansion of the global industrial oil & gas processing sector is projected to drive the global ion exchange membrane market during the forecast period. Water is utilized in various processes in the oil & gas industry, and is highly contaminated and harmful for water bodies. Hence, companies undertake measures to purify this water and then discharge it into the sea or reuse it internally.

Polyvinylpyrrolidone Market - In terms of revenue, the global polyvinylpyrrolidone market is anticipated to expand at a CAGR of 13.0% from 2019 to 2027. Pharmaceutical segment accounted for major share of the polyvinylpyrrolidone market, owing to rise in demand for tablets and liquid ointments where polyvinylpyrrolidone is widely used in formulations. In terms of volume, the low molecular weight segment accounted for prominent share of the global polyvinylpyrrolidone market in 2018

Polymer Electrolyte Membrane Fuel Cell Market - Polymer Electrolyte Membrane Fuel Cell Market, also known as proton-exchange membrane fuel cells (PEMFC), are a type of fuel cell that are being developed primarily for transport applications. They are also being developed for stationary fuel cell and portable fuel cell applications. PEM fuel cells possess distinguishing features such as lower temperature and pressure that ranges from 50°C to 100°C; and a special proton-conducting polymer electrolyte membrane. They generate electricity and operate on the opposite principle to PEM electrolysis, which consumes electricity. PEM fuel cells are likely to replace the aging alkaline fuel cell technology, which is being used in the space shuttle. PEM fuel cells are used in various applications. They are primarily employed in the transportation industry owing to their positive impact on the environment, e.g. control of emission of greenhouse gases (GHG). Other applications include distributed stationary and portable power generation. Most of the leading motor companies work solely on PEM fuel cells due to their high power density and excellent dynamic characteristics compared to other types of fuel cells.

Membrane Filtration Market - Membranes are thin layer of semi-permeable and porous sheets of material that separate contaminates from water when a driving force is applied across the membrane. Membrane processes are increasingly employed in drinking water and wastewater treatment for the removal of microorganisms, bacteria, natural organic materials, and particulates, which can impart taste, odor, and color to water and react with disinfectants to form disinfection byproducts. Growth in the bio-based pharmaceutical industry is driving the membrane filtration market. Rapid development in generics production is also likely to boost the market. Additionally, updated regulations, stringent industry standards, and rise in demand of consumers is likely to drive the market in the near future. Groundwater sources that do not need membrane technologies for pretreatment process are relatively simple to install.

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