Australia And New Zealand Waterproofing Membranes Market: By Product Type, Bitumen, TPO & Polyurethane, Ethylene Propylene Diene Monomer, and Others), Application, Type, and Country and Forecast to 2029
Australia and New Zealand Waterproofing Membranes Market was valued at US$ 933.5 million in 2022 and is expected to reach US$ 1,447.8 million by 2029, growing at a CAGR of 1.9% from 2023 to 2029. The market is expanding as a result of the expansion of the building and construction sector, mining demand, and the water and waste management sector. Additionally, there will be numerous prospects for market expansion due to the increasing requirement for water management operations. Australia is a country of extremes with the highest of 40 °C in the central desert Countries and lows of 0 °C in the higher parts of the southeast. Thus, protecting high-rise & of residential buildings and public infrastructures enveloping is necessary. Awareness of this fact is increasing with the advancement of better availability of information regarding this. Thus, urban residential people and commercial organizations are preferring to opt for waterproofing solutions. All these factors anticipated a major role in the market growth of the waterproofing membranes market. For the construction of buildings and commercials, government regulations adhere to specific guidelines, for environmental protection from pollution and contamination, which creates a population to follow standards accordingly during the construction. Technology and the desire for waterproofing have evolved over time. Building contractors must provide their clients with more durable, high-performing options if they want to remain competitive as the industry grows and the shortage of skilled workers hinder the growth of the market. Geographically, Australia & held the major market revenue share in 2022 and is expected to grow rapidly in the forecast years.
Australia And New Zealand Waterproofing Membranes Market Key Developments:
The increasing demand for waterproofing due to extremes temperature in Australia is the major market driver in the Australia Waterproofing Membranes Market during the forecast period. Australia experiences a wide range of precipitation, with low average yearly precipitation across the majority of the continent and intense seasonal falls in the tropics. The extensive arid core of the continent, which stretches to the coast in sections of the Great Australian Bight and the west, is surrounded by a circular pattern of rainfall. A broken margin of more humid conditions surrounds this arid center, increasing the amount of precipitation as it approaches the shore, especially in the east of the continent consequences high demand for waterproofing this overall factor drives the market.
Based on the Australian region, Australia accounted to have a revenue share of 82.6% (2022) in the Australian and New Zealand Markets. Using a waterproofing cum insulation solution offers several benefits, including reducing the amount of time and labor required for installation, minimizing the need for additional materials, and improving the building's overall energy efficiency. This solution also provides long-lasting protection against moisture intrusion and minimizes the risk of damage from water-related issues such as mold and mildew growth. The demand for waterproofing cum insulation is increasing in the current construction and waterproofing industry scenario as it requires less material to be applied, less workforce is needed, and also saves costs expected to grow rapidly in the forecast years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Market Size in 2022 |
US$ 933.5 million |
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Market Size in 2029 |
US$ 1,447.8 million |
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By Product Type |
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By Type |
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By Application |
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The Australia & New Zealand Waterproofing Membranes Market size is expected to be valued at US$ 933.5 million in 2022.
The Australia & New Zealand Waterproofing Membranes Market is poised to grow at a significant CAGR of 1.9% from 2022 to 2028.
The leading players in the Australia Waterproofing Membranes Market are; Holcim Group, Soprema Group, Sika AG, Carlisle Companies Inc., The Dow Chemical Company, MAPEI S.p.A., LATICRETE International, Inc, GAF, Ardex Group, Fosroc, Inc, and BASF SE
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation, and Seven years forecast is presented from 2023 – 2029.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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