Brazil Waterproofing Market to be Driven by growing Latin America waterproofing market in the forecast period of 2021-2026
The new report by Expert Market Research titled, ‘Brazil Waterproofing Market Size, Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026’, gives an in-depth analysis of the Brazil Waterproofing Market, assessing the market based on its segments like by type, application and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 2.4 Billion
- Forecast CAGR (2021-2026): 3%
- Forecast Market Size (2026): USD 3.1 Billion
Rapid industrialisation is likely to drive demand for sheet membranes in the region, thanks to an increase in construction projects and housing developments. Furthermore, the sheet membranes market in the region is likely to be driven by rising consumer demand for longer-lasting paint jobs on buildings.
Industry Definition and Major Segments
Waterproofing is the process of making a structure resistant to water in order to prevent damage. Waterproofing prevents water from entering a building under certain conditions. A building is frequently waterproofed with membranes and coatings to safeguard its structural integrity in the field of construction.
Based on type, the market is divided into:
Among these, the liquid membrane segment is further divided into bituminous coating, polyurethane membrane, epoxy, and acrylic.
Based on application, the industry is segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Trends
Due to rising knowledge of the product's benefits, such as cost-effectiveness and convenience of installation, liquid applied membranes led the market with a revenue share. Furthermore, as global infrastructure for water conservation and treatment improves, demand for liquid applied membranes is likely to rise in the future years.
The roofing application segment held the largest market share, owing to its increasing use in residential home construction in the region. In addition, the roofing segment is predicted to be driven by demand for sheet membranes for roofs due to increased exposure to rainwater and environmental moisture over the next seven years.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Key Market Players
The major players in the market are Saint-Gobain, Grupa Selena, Sika AG, GCP Applied Technologies Inc., ARDEX Group, among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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