Global SBS Waterproof Membrane Market Size to grow by 2030 | CAGR of 7.5%Category: Advanced Materials
The Global SBS Waterproof Membrane Market size was over USD 9.5 billion globally in 2021 and is estimated to grow over 7.5% CAGR between 2021 and 2030.as per the latest research report by Spherical Insights & Consulting.
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The SBS waterproof membranes helps in preventing a wide range of construction industry challenges such as softening & crumbling of plasters, deterioration of electrical fittings, and corrosion of metals. In addition, SBS waterproofing membranes can be applied as a paste to the surface which further provides flexible protective film and water-impermeable features. Moreover, these membranes help walls in preventing with a water penetration and provides a subsequent infrastructural damage thereby protecting walls and floors in basements, terraces, balconies, and swimming pool from water and humidity.
Browse key industry insights spread across 230 pages with 124 market data tables and figures & charts from the report Global SBS Waterproof Membrane Market Size, Share & Trends, COVID-19 Impact Analysis Report, By Type (Fiberglass Reinforced (G Type) and Polyster Reinforced (PY Type)); By Application (Residential and Commercial); By Region (U.S., Canada, Mexico, Rest of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, the Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa, Brazil, Argentina, Rest of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021-2030 in detail along with the table of contents https://www.sphericalinsights.com/reports/sbs-waterproof-membrane-market
SBS water proof membraneis a form of thermoplastic and elastic modified bituminous dipping, the filler base is glass fiber felt, glass fiber reinforced polyester, and polyester felt. In addition, it is a kind of rollable sheet water proof materials with the basic surface cover of the isolating materials such as fine sand, mineral slice, and polyethylene film.
As SBS waterproof membranes provides an excellent suitability for wall protection by placing in a thin layer over another material is becoming major factor driving the market growth and is expected to maintain this trends during the forecast period Moreover, SBS waterproof membranes demand continue to rise in the near future as it consists of a coated-fabric materials and are normally used to prevent water leakage in buildings structures, roofs, basements, foundations, and walls. These factors, as a result anticipated to boost the market growth during the forecast period.
Several key players in the market are engaged in mergers and strategic acquisitions to expand their market share, distribution network and achieve market growth. In addition, this waterproof membranes forms the main component of roofing systems, as it is a product form of a shield against the seepage of water on the roof. The SBS waterproof membranemarket report is categorized based on product type such asfiberglass reinforced (G Type) and polyster reinforced (PY Type). Polyster Reinforced (PY Type) accounted for nearly 45% of market share in global SBS waterproof membranemarket due to enhanced properties such as UV resistance, high flow rate, and flexibility features.
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The SBS waterproof membranes industry share is moderately consolidated and includes various companies such as Baumerk, BITUGULF (IIC), Fuhua Waterproofing Technology Co., GAF, Johns Manville, MBTechnology, PlatinumRoofing.ca Ltd ., Soprema, Weifang Tianyuan Waterproof Material Co., Ltd., and others. Major players operating in this market have witnessed significant adoption of strategies that include business expansion and partnership to reduce supply and demand gap. With increase in awareness & demand for SBS waterproof membranesacross the globe, major players are collaborating their product portfolio to provide differentiated and innovative products.
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