Liquid applied membrane market analysis and segment forecasts to 2022

091017-N-9564W-095 HELMAND PROVINCE, Afghanistan (Oct. 17, 2009) Construction Electrician 2nd Class Daniel Arteche, left, from Santa Rosa, Calif., and Construction Electrician 2nd Class Alyssa Copp, from Somerset, Mass., assigned to Charlie Company of Naval Mobile Construction Battalion (NMCB) 74, cut bracing for a super Southwest Asia Hut at the Camp Leatherneck expansion project. (U.S. Navy photo by Mass Communication Specialist 1st Class Ryan G. Wilber/Released)

The global liquid membranes are cost effective and allow easy application on complex surfaces. They have a long life and are easy to re-apply which is likely to propel demand over the coming years. These are increasingly preferred as an effective option for residential, commercial, as well as industrial buildings. They can be used along with high-performance polymers and materials to increase durability and enhance their waterproofing properties.

The increasing need to upgrade existing infrastructure coupled with rising investment in developing economies is expected to propel growth over the forecast period. Favorable government initiatives are further expected to fuel market growth. Europe and North America are expected to witness significant liquid applied membrane market demand on account of the recovery of the construction industry, and encouraging government policies in the U.S. Asia Pacific market is expected to be a key gainer in the next seven years owing to economic growth in China and India.

Source : Grand View Research

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