In order to stop water leakage in structures like buildings and constructions, a waterproofing membrane is a layer of waterproof material put to a surface. During construction and renovations, waterproofing typically entails the installation of liquid or sheet membranes. Condensation and environmental factors, such as weather, are two of the main sources of structural deterioration that waterproofing membranes prevent. By protecting the structure from water damage, waterproofing helps avoid additional structural repairs.
According to SPER market research, ‘India Waterproofing Membrane Market Size- By Material, By Membrane Type, By Type of Roof Construction, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the India Waterproofing Membrane Market is predicted to reach USD XX billion by 2032 with a CAGR of 8.34%.
There is potential for the waterproofing membrane market in India in the future thanks to opportunities in the residential and non-residential construction sectors. The two key factors driving market expansion are the rise in construction activity and the low cost of waterproofing membranes. The dynamics of the waterproofing membrane industry are directly impacted by new trends, such as the growing use of breathable waterproofing membrane and eco-friendly materials.
The use of waterproofing membranes can have drawbacks, too, including the possibility of environmental and human health risks due to their toxicity and volatile organic compound (VOC) content. When waterproofing chemicals are sprayed, both consumers and adjacent workers may be at risk. This is especially true when the chemicals contain fluorinated compounds, which can cause respiratory problems including chemical pneumonitis. Workers who utilise bitumen-based membranes are exposed to volatile vapours, which could lead to bronchitis and nasal irritation despite an increasing preference for synthetic materials. There is a link between prolonged exposure and more serious respiratory problems. These membranes cause environmental damage by releasing solvents and diluents. Utilising safety equipment, respirators, and eco-friendly substitutes are examples of mitigation techniques.
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COVID-19 Impact on India Waterproofing Membrane Market
Furthermore, the building and construction industry was significantly impacted by the global lockdown that followed the outbreak of Covid-19. Due to the regulations put in place during the lockdown, infrastructure development and building & construction operations quickly came to an end. The market was impacted by issues with trade movement, decreased production rates, restrictions on the movement of people and goods, and supply chain disruptions. There was less of a need for the commodity because development, construction, and remodelling activities had stopped. However, when COVID-19 cases increased, there was a corresponding increase in the demand for new hospitals, care facilities, and infrastructure, which stabilised the market. The market impact of this pandemic will be lessened by government initiatives to construct modular healthcare facilities.
India Waterproofing Membrane Market Key Players:
Additionally, some of the market key players are Asian Paints Limited, BASF, CGCP Applied Technology India, Shalimar Tar Products Limited, Sika India, Others.
India Waterproofing Membrane Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecast for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Material: Based on the Material, India Waterproofing Membrane Market is segmented as; Bitumen, EPDM (Ethylene Propylene Diene Monomer), Polyurethane, PVC (Polyvinyl Chloride), TPO (Thermoplastic Polyolefin), others.
By Membrane Type: Based on the Membrane Type, India Waterproofing Membrane Market is segmented as; Liquid Membrane, Sheet Membrane.
By Type of Roof Construction: Based on the Type of Roof Construction, India Waterproofing Membrane Market is segmented as; New Construction, Repair/Renovation.
By Application: Based on the Application, India Waterproofing Membrane Market is segmented as; Basement & Foundation, Building Structures, Landfill & Tunnel, Roof & Terrace, Walls & Flooring, Waste & Water Management, Others.
By End User: Based on the End User, India Waterproofing Membrane Market is segmented as; Infrastructure, Real Estate and Industrial, Others.
By Region: With strong product awareness, a long rainy season, and high project development in Bangalore, Chennai, Hyderabad, and other cities, the demand for waterproofing materials was highest in the south. East had the lowest demand for waterproofing materials, while the North area had the second-highest demand.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
India Waterproofing Membrane Market Growth Opportunity
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