Australia And New Zealand Waterproofing Membranes Market: By Product Type (Polyvinyl Chloride (PVC), Bitumen, TPO & Polyurethane, Ethylene Propylene Diene Monomer (EPDM), and Others), Application (Building Structures, Tunnels & Landfills, Roofing & Walls, and Others), Type (Liquid Applied Membranes and Sheet Based Membranes), and Country (Australia & New Zealand) and Forecast to 2029

Australia and New Zealand Waterproofing Membranes Market was valued at USD 933.5 million in 2022 and is expected to reach USD 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:

• In September 2022, Soprema Group announced that it has started working on a new project which is Parakiore Recreation and Sports Centre – Christchurch, New Zealand. After it is finished, this brand-new, cutting-edge aquatic and interior recreation and leisure facility will be the biggest of its kind in New Zealand. According to the business, the complex will be well-equipped to host local, national, and international events.
• In September 2022, Sika AG announced its Queensland project. The significance of protective flooring was emphasized by the project engineer. The location is marked for wet production with hot water washdown, exposure to food chemicals, and traffic cycles. A hard, heat- and wear-resistant floor that was also extremely low in volatile organic compounds and HACCP-approved for use in food settings was required. For the job, Sikafloor-22 PurCem was chosen. The head contractor and client gave Apex Epoxy Flooring Pty. Ltd. careful thought before selecting them as successful tenderers. A suggested Sikafloor PurCem Installer is Apex. Director Nathan Young said Apex recognized the significance of providing a reliable, high-quality outcome for food manufacturing sites.