- Polyvinyl Chloride (PVC)
- TPO & Polyurethane
- Ethylene Propylene Diene Monomer (EPDM)
Australia's Waterproofing Membranes Market was valued at USD 933.5 million in 2023 and is expected to reach USD 1,447.8 million by 2030, growing at a CAGR of 11.9% from 2024 to 2030. 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 the high-rise and 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 prefer 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 environment protection from pollution and contamination, which creates a population to follow standards accordingly during the construction. Technology and the desire for waterproofing have evolved. 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 hinders 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.
The increasing demand for waterproofing due to extreme temperatures 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.
The australian waterproofing membranes market size is expected to be valued at usd 933.5 million in 2023
The Australian Waterproofing Membranes Market is poised to grow at a significant CAGR of 11.9% from 2023 to 2030
The leading players in the Australian 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