WATERPROOFING MEMBRANES MARKET ANALYSIS
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North America holds the largest share of the global waterproofing membranes market. The region is expected to account for 38.7% of the market share in 2024. The region has an established construction industry with vast infrastructure, such as buildings, parking structures, tunnels, basements, and bridges, which require efficient waterproofing solutions. Major players operating in this region have production facilities with the latest technologies enabling them to cater to the increasing demand. Moreover, growing commercial and residential construction activities mainly in the U.S. and Canada are driving significant market opportunities.
The Asia Pacific region is experiencing the fastest growth in the waterproofing membranes market. Burgeoning populations and increasing disposable incomes have boosted construction spending across the residential and commercial segments. Nations like China, India, and Indonesia are undergoing rapid urbanization which is increasing the requirement for modern waterproofing techniques. The regional market is also stimulated by improving standards of living and rising focus on building weather-resistant structures. Manufacturers are actively expanding production capacities in Asia Pacific to leverage lucrative prospects.
Waterproofing Membranes Market Report Snapshots
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