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According to the MRFR analysis, Waterproofing Membrane Market is expected to reach over USD 41.7 Billion Billion by the end of 2027 at a CAGR of 7%.
A waterproofing membrane is a barrier that is laid or applied on a surface to prohibit corrosion and dampness in the surface thus, helps in making the resistant from environmental changes. Waterproofing membranes are important as they help to extend the structural integrity of the surface.
The stringent regulations and standards for waterproofing membrane used in the building & construction and mining industries are likely to boost the demand for waterproofing membrane during the forecast period. For instance, EN 13707 for ‘Reinforced Bitumen Sheets for Roof Waterproofing’; EN 13956 for ‘Plastic and Rubber Sheets for Roof Waterproofing’; ASTM D173 Standard Specification for ‘Bitumen-Saturated Cotton Fabrics Used in Roofing Waterproofing’; ASTM D 4637-04 for ‘EPDM Sheet used in Single-Ply Roof Membrane’; and ; ASTM D41 Standard Specification for ‘Asphalt Primer Used in Roofing, Dampproofing, and Waterproofing’; and ASTM D449 Standard Specification, for ‘Asphalt Used in Dampproofing and Waterproofing’.
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