U.S. Waterproofing Membranes Market U.S. Waterproofing Membranes Market should witness significant gains over the foreseeable future. Increasing concern towards water and waste management should drive regional industry growth. Waterproofing membranes are used in various applications such as building structures, roofing & walls, bridges, highways waste & water management owing to their durability, low installation cost and labor requirements, lightweight nature, environmental resistance properties. Depending on the type, the market can be broadly segmented into TPO, modified bitumen, EPDM, PVC, LDPE, HDPE, among others. Modified bitumen is accounted as the key segment and is projected to register substantial growth at an expected CAGR of more than 6.5% during the projected period. TPO is a budding membrane type and is poised to open avenues in membrane industry in the long term. This type is the rapidly-growing commercial roofing membrane and is gaining wide industry acceptance for its installation benefits, performance, and reasonable cost. Eco-friendly chemistry, durability, recyclability, low installation cost, flexibility, exceptional heat resistance, and less labor requirement, are some of other properties making it a preferred option. The Asia-Pacific waterproofing membrane market The Asia-Pacific waterproofing membrane market is expected to continue its dominance over the projected period owing to expanding waterproofing membrane manufacturing base in the region. Rapid growth in building & construction, and waste & water management industry of Asia-Pacific is likely to propel the growth. Asia Pacific Waterproofing Membrane Market size was above USD 1.4 billion in 2016 and expects to surpass 800 million square meters by 2024. Positive outlook towards using durable and reliable construction materials should drive Asia Pacific waterproofing membrane market size. Favorable regulations towards green construction owing to environmental concerns in APAC region and government initiatives is likely to bolster regional product demand growth. China bitumen membrane market size from roofing applications is set to exceed USD 250 million at the end of forecast period. Atactic polypropylene (APP) butadiene and SBS bitumen are used for sealing purposes in construction buildings. Increasing applications scope for PU based liquid waterproofing membrane for end-use applications such as roofs, wet area, decorative waterproofing and parking decks should favor product demand. Polyurethanes are widely used in industry on due to ease of application and uniformity should favor polymer market growth demand. Sheet waterproofing membrane market size should witness steady gains and surpass USD 3 billion by 2024. They are applied to roofs, kitchen floors, walls, balconies, bathrooms and wet rooms due to its low cost, safety and low maintenance properties. UK waterproofing membrane market size should witness significant gains. Favorable government regulations on account of increasing infrastructure development should stimulate regional growth. Global waterproofing membrane market Global waterproofing membrane market share is fragmented. BASF, Sika AG, Pidilite Industries, and Paul Bauder are key notable companies. Other industrial participants include DuPont, Dow, CICO Technologies, Kemper System, Fosroc, and GAF Materials. Source:http://markets.businessinsider.com