Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Wetroom Waterproofing Solutions Market by Type (Fabric/Fleece Backed Sheet Membrane, Pre-Waterproofed Substrates, Shower Pan Liner), Raw material (Polyurethane, PVC, Polyurea, Acrylic, ABS, Polystyrene), Application, & Region - Global Forecast 2028" report has been added to ResearchAndMarkets.com's offering.
The latest market research highlighting the growth trajectory of the global wetroom waterproofing solutions market projects an optimistic outlook, with the market anticipated to expand to USD 8.3 billion by 2028, progressing at a CAGR of 5.4% from its 2023 valuation of USD 6.4 billion. Driven by the upscale demand for luxury wet spaces in both residential and commercial sectors, rigorous regulatory frameworks for waterproofing installations, and heightened awareness surrounding structural longevity, the market is experiencing a substantial upward movement.
With innovative and precise industry analysis, market rankings, and company profiles included, this comprehensive report delivers an overarching view of competitive dynamics, burgeoning market segments, regional hotspots, and market influencers. Insights into the strategies of key players, coupled with analyses of market drivers, restraints, opportunities, and challenges, paint a detailed picture of the current market landscape and its potential future directions.
Liquid Applied Waterproofing Leads the Market with Dominant Share
The report identifies liquid-applied waterproofing solutions as holding a prime position in the wetroom waterproofing solutions market. This segment's success stems from its seamless membrane application and compatibility with diverse substrate shapes, assisting in its widespread uptake in a myriad of wetroom configurations.
Following a detailed market capacity analysis, it is evident that the commercial segment—encompassing hotels, spas, and similar establishments—has emerged as a prominent adoption area, emphasizing the sector's vested interest in maintaining operational and structural integrity, and thus stimulating the growth of the wetroom waterproofing solutions market.
Polyurethane Commands Largest Share in Raw Materials Segment
The impeccable performance characteristics of polyurethane, such as superior flexibility, water resistance, and chemical fortitude, have solidified its status as the material of choice in the wetroom waterproofing sector. As this material ensures the creation of durable and enduring waterproofing barriers, its market share is anticipated to persist in its significant stature.
Amidst this background, new construction activities have also been pinpointed as the largest utilization segment, pointing to the market's reliance on integrating waterproofing measures at the early stages to ensure long-term project viability and structural wellness.
Asia-Pacific Stands as the Pinnacle of Wetroom Waterproofing Solutions Demand
With a detailed geographic analysis, the Asia-Pacific region emerges as a stronghold in the global wetroom waterproofing solutions landscape. Factors such as dynamic urbanization trends, expansive construction initiatives, and the region's climatic conditions are pivotal to the escalated demand witnessed here. Additionally, an increasing focus on quality construction and the dynamic growth of the hospitality sector further augment this regional market's dominance.
The study incorporates a comprehensive competitive analysis that meticulously assesses market share, strategic endeavors, product offerings, and manufacturing dexterities of principal players in the industry, offering vital insights to stakeholders.
- Comprehensive market penetration and growth strategies
- Detailed insights on technology innovation and upcoming trends
- Analysis of high-growth market segments and regional hotspots
- Market drivers, restraints, opportunities, and challenges in-depth
Companies Mentioned
- Alchimica Building Chemicals
- Ardex Endura India Pvt. Ltd.
- Basf Se
- Ccl Wetrooms
- Cico Technologies Ltd.
- Durostick.Gr
- Fosroc Ltd.
- Gaf Materials Corporation
- Henkel Polybit
- Henry Company
- Isomat S.A.
- Kemper System America, Inc.
- Kerakoll Spa
- Knauf Gypsum Pty Ltd.
- Koster American
- Laticrete International, Inc.
- Mapei Corporation
- Maris Polymers
- Noble Company
- Pidilite Industries Ltd.
- Renolit Se
- Schluter Systems
- Sika AG
- Soprema Group
- The Dow Chemical Company
- Tremco Cpg Inc.
- Wedi
For more information about this report visit https://www.researchandmarkets.com/r/3mxnav
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