The global liquid applied membrane market for the construction industry to grow at a CAGR of 6.41% during the period 2017-2021.
The report, Global Liquid Applied Membrane for Construction Industry Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Although crystalline waterproofing technology has been in the market for a long time, it is still deemed an advanced technology. This is because the construction industry has recently accepted it as a superior alternative to conventional liquid waterproofing membranes. Crystalline waterproofing practices rely on a technology that turns porous concrete into an impermeable barrier. The resultant is a structure with reduced cracking, self-sealing, and waterproofing abilities, which provides protection against water damage and subsequent corrosion of reinforced steel. Unlike sheet membranes, which rely on an additional barrier to shield the concrete from moisture, crystalline waterproofing system transforms the concrete into a water-resistant barrier.
According to the report, urbanization requires adequate residential and commercial infrastructure. The rapid growth in urbanization over the last few decades has led to the construction of tall structures and skyscrapers around the world, especially in emerging economies.
Further, the report states that bitumen and polypropylene are mainly used for manufacturing membranes. These raw materials are derived from petroleum products. They are also subjected to significant regulations regarding production, processing, and sales. Growing regulations to reduce greenhouse gas (GHG) emissions are anticipated to increase the price volatility of petroleum, increase energy costs, and reduce petroleum production levels, which could impact the prices of these raw materials.