Waterproofing Membranes Market Forecast
Regional Forecast:
The waterproofing membranes market in North America is driven by the increasing construction activities in the region, especially in the United States and Canada. The growing demand for residential and commercial buildings is boosting the sales of waterproofing membranes. Additionally, the stringent regulations related to building codes and standards are also contributing to the market growth in North America.
Asia Pacific:
Largest Region
Asia Pacific
32% Market Share in 2023
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In Asia Pacific, countries like China, Japan, and South Korea are experiencing rapid urbanization and industrialization, leading to a surge in construction projects. This is fueling the demand for waterproofing membranes in the region. Furthermore, the increasing focus on infrastructure development and the need for sustainable construction practices are driving the market growth in Asia Pacific.
Europe:
The waterproofing membranes market in Europe is witnessing steady growth, particularly in the United Kingdom, Germany, and France. The stringent environmental regulations and the emphasis on energy-efficient building solutions are propelling the demand for waterproofing membranes in the region. Moreover, the increasing renovation activities in the residential and commercial sectors are further boosting the market growth in Europe.
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