The global Waterproofing Membranes Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
Global Waterproofing Membranes Market is slated to register a revenue record of USD 2.18 billion by the end of 2022, with 5.4% CAGR projection over 2015-2022.
Increasing consumer preference for comfortable and superior quality sports apparel has stimulated waterproof breathable textiles (WBT) market growth over the recent years. The hazards associated with synthetic raw materials based textiles is allowing the market players to extend their reach to bio based clothing which provides better comfort. Alongside, technological proliferation in the development of advanced fiber materials that can efficiently repel water and manage the moisture content in the garment is further augmenting the overall industry expansion.
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1. Waterproofing Membranes Market size & share forecast by product & application 2016-2024
2. Growth drivers, pitfalls & industry challenges
3. Key Waterproofing Membranes Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
The differentiating factor of Waterproofing Membranes Market report by Global Market Insights, Inc. when compared with other, similar syndicated research studies includes a 360-degree synopsis of trends for a period of more than 10 years including historic information as well as future outlook.
Waterproof breathable fabrics are designed to offer protection against UV radiation, wind, rain, and loss of body heat. The textiles that are widely used in WBT market comprise of membranes, densely woven fabrics, and coated textiles. Membranes based market held a major portion of the overall share in past years and is anticipated to grow lucratively at an annual rate of 5.5% in the coming five years.
Their unique ability to protect the body from temperature variations, airborne pollutants, and UV radiation is expected to drive the market demand in the years ahead. Densely woven waterproof breathable textiles market will also witness a significant growth path at a CAGR of more than 5% over 2015-2022. Escalating demand from application areas that include medical, military, and work wear sectors are expected to drive the revenue of this segment to over USD 200 million by the end of 2022.
Active sportswear application will encompass 80% of the global WBT market in the coming five years. Growing fitness consciousness among consumers along with rising popularity of related sports such as swimming, cycling, running, walking has created a demand for sports shoes and appeal, in turn, fueling the overall market growth.
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U.S. waterproofing membranes market size, should witness growth at around 5.5%. EPA recognized PFOS and PFOA as hazardous materials forcing the manufacturers to exclude fluorocarbons. This norm led to new strategies to be undertaken by manufacturers to increase biopolymer products production by different companies in myriad applications.
Europe waterproofing membranes market size, may foresee over USD 3.5 billion revenue by 2024. European Association declared favorable prices to produce polymer products derived from biomass, thus resulting the market players to provide environment friendly approaches.
China waterproofing membranes market attain installations over 150 mn sqr. mtrs in 2015. Infrastructural development and increasing industrialization has led the regional industry growth. Also, mining activities also fuel regional industry.
Global waterproofing membranes market share is moderately consolidated. Some companies operating in this industry are Dow chemical, BASF, Silk AG, Du Pont, Covestro, Pidilite, Fosroc, CICO Technologies, W.R. Meadows, Soprema Group, Johns Manville, Synergies, Cangzhou Jiansheng Building Waterproof Material and Fairmate Chemicals. Companies including BASF, Pidilite and Dow are present across the value chain and captively use raw ingredients for producing different product grade.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.