Global Sheet Membrane Market 2017-2021

Overview of the global sheet membrane market

According to Technavio's market research report, the global sheet membrane market will grow at a steady rate and post a CAGR of more than 6% during the forecast period. The advantages of sheet membrane technology in the construction industry will drive the growth prospects for the global sheet membrane market throughout the projected period. These advantages include distinctive waterproofing properties, cost-effectiveness, low maintenance, less labor requirements for installation, low processing time, eco-friendliness, UV resistance, and enhanced durability, which protects the building concrete and the structural integrity of the building. Sheet membranes are increasingly preferred over other waterproofing membranes and waterproofing solutions since they have the ability to enclose gaps and cracks more efficiently. Also, factors such as the growing necessity for building renovation, diversifying lifestyle, and the increasing expenditures in various economies will further boost the demand for sheet membranes, driving the growth of the market.

One of the major key trends that will stimulate the growth of the sheet membrane market is the rising popularity of bituminous waterproofing membrane. Bituminous sheet membranes exhibit easy installation, safeguard vulnerable joints, and resist the entry of water in cracks. These benefits of bituminous sheet membrane solutions make it one of the popular commercial waterproofing products, which will have a positive impact on the growth of the sheet membrane market.

Competitive landscape and key vendors