Waterproofing Membranes Market Size Worth $37.55 Bn By 2025

Monday 20 November 2017, Amsterdam

The global waterproofing membranes market s expected to reach USD 37.55 billion by 2025, according to a new report by Grand View Research, Inc. Rising need for durable and good quality construction materials is likely to propel the market over the next eight years.

Technological developments and innovations in the field of waterproofing membranes have led to the development of products, which offer advantages including low cost and high surface protection. The governments in various economies have been taking efforts for reducing the prices of natural polymers, which is expected to fuel utilization of environmental-friendly products.

Growing population and urbanization is expected to facilitate the investment in construction sector in the Asia Pacific region. The capital project & infrastructure sector in the region is likely to reach USD 5,300 billion by 2025 with a growth of 7.0% to 8.0% per year. Strong economic growth and promotion of FDI in India are expected to spur the demand over the forecast period.