Waterproofing Membranes Market Size worth is anticipated at $30.91 Billion by 2028

By OEM Update Editorial December 15, 2021 4:23 pm IST

The global waterproofing membranes market size is expected to reach USD 30.91 billion by 2028 at CAGR 6.3 percent according to a new study by Polaris Market Research.

Main factors that will boost the growth of the global market for waterproofing membranes during the forecast period include rapid urbanisation in emerging economies and substantial infrastructural spending by governments in many parts of the region. Environmentally friendly practices such as green building, green roof, and water management are also expected to contribute to market growth significantly.

Countries across the globe are giving utmost importance to improve their infrastructure by spending billions of dollars on many projects related to roads, bridges, airports, railways, hospitals, tunnels, and others. China is constructing some of the most significant infrastructure projects globally and looks to lend USD 8 trillion in 68 countries for various developmental projects.

Brazil’s government, in 2020, announced that it is looking to raise USD 56 billion for infrastructure investments through the private sector. Similarly, India is looking to invest USD 75 billion on various projects. This will increase the demand for waterproofing membranes as they enhance the quality of buildings and structures.