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Liquid applied membranes is a low-viscosity membrane generally used for waterproofing. It is a liquid coating generally applied to vertical and horizontal surfaces. It is monolithic, seamless and next generation chemical used for waterproofing. It has unique ability to adapt and conform any configuration.
Increasing demand from construction sector for waterproofing and rehabilitation of old construction is likely to foster the market growth. Additionally, the increasing constructional activities and substantial spending on infrastructure shall boost the demand for chemical waterproofing.
However, there are various waterproofing techniques like paints, coatings, and other which are comparatively enhanced and cheaper. This is expected to limit the market growth.
Key Market Driver -
Increasing demand from construction industry.
Key Market Restraint -
Availability of other waterproofing techniques.
Based on type, the global liquid applied membranes market is segmented into bituminous, elastomeric, cementitious, and others. Based on application, market is segmented into roofing, underground construction, walls, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global liquid applied membranes market consists of global & regional players operating. Some of the key players in the market include Sika AG, Pidilite Industries, BASF SE, Chembond Chemicals, The Dow Chemical Company, Chembond Chemicals, Fosroc International, Saint Gobain, H.B. Fuller Construction Products Inc, Applied Membranes, Inc, soprema and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to be the largest market attributed to the rising infrastructural development and constructional activities. Asia Pacific is estimated to show fastest growth attributed to the government schemes promoting infrastructural development. Additionally, the increasing disposable income is likely to foster the regional market growth. Europe is expected to show significant growth due to the rapid industrialization and increasing restoration projects. Latin America and Middle East & Africa is expected to show sluggish growth by the end of the forecast period.
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