Chemical Insights - Industry Forecast

 The growing demand from the waste and water management sector has given a boost to the waterproofing membrane market in the recent few years. Waterproofing membranes are crucial components in construction, designed to protect buildings from water ingress and ensure structural integrity. As urbanization continues to drive demand for durable and sustainable infrastructure, the waterproofing membrane industry is expected to witness significant growth. The global waterproofing membrane market size was pegged at USD 24.54 billion in 2023. This is expected to cross USD 40 billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030. In recent years, the market has seen a shift toward advanced materials such as modified bitumen, EPDM (ethylene propylene diene terpolymer), PVC (polyvinyl chloride), TPO (thermoplastic polyolefin), and others. These materials offer superior durability, flexibility, and resistance to environmental factors, thereby expanding their application scope across ro...

  The stainless steel market has witnessed impressive growth in recent years, largely attributed to the increased rate of large housing constructions and the rise in infrastructural investments. Besides, the surge in the application of stainless steel in automotive industries and other industrial machinery and plants has encouraged leading companies to invest in the landscape. The aforementioned trends are largely driving the global stainless steel industry. According to Grand View Research, the estimated market size was USD 117.63 billion in 2023 and it is expected to expand at a CAGR of 6.7% from 2024 to 2030.   Access the Stainless Steel Market Size, Share & Trends Analysis Report 2024-2030, published by Grand View Research   Stainless Steel in Construction: Building a Better Future Construction activities are one of the key drivers expediting the stainless steel market's growth. Stainless steel is growing on a large scale as there is a huge demand for housi...