Damp Proof Course Market to be dominated by Residential Sector through 2027
The growing use of quality construction materials in
buildings and high demand from the hospitality industry is expected to drive
the demand for the global damp proof course market in the forecast period,
2023-2027.
According
to TechSci Research report, “Damp Proof Course Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”,
the global damp proof course market is anticipated to grow at a steady rate in
the forecast period, 2023-2027. Increasing applications of the damp proof
course in different end-use industries and the high demand from developing
countries are the primary factors driving the growth of the global damp proof
course market. A damp proof course is an important layer that is used in all
buildings near the ground in the wall to prevent dampness in the buildings. It
is a protective barrier against dampness rising up the building walls. The type
of damp proof course installed depends on the type of property. There are
different causes of dampness in the building, such as the use of poor materials
during building construction, inappropriate or faulty building design, and
construction by unskilled labor, amongst others. Therefore, to improve the
quality of living and reduce the chances of damping in buildings which
adversely affects the building structure, the demand for the global damp proof
course market is expected to grow at a significant rate in the coming years.
However,
the availability of alternate solutions may hinder the global damp proof course
market growth over the forecast period.
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The
global damp proof course market is segmented method, material, end user,
regional distribution, and competitive landscape.
Based
on the method, the global damp proof course market is divided into
electro-osmotic, chemical damp, pressure grouting, membrane, integral, and
cavity wall. The electro-osmotic segment is expected to account for significant
market share over the forecast period, 2023-2027. This method finds application
in buildings having rubble-filled wings, random stone walls, and low-level
timber floors. Upon installing the osmosis damp proofing system starts to work
immediately, and the users can select the preferred option of damp proofing
with an electronic voltage regulator having a digital read-out and allowing
ongoing monitoring of the osmosis damp proof course.
Based
on material, the global damp proof course market is divided into flexible and
rigid. The flexible segment is expected to hold the dominant market share over
the next five years. Flexible materials do not crack and deform their shape
when subjected to loading. The flexible segment is further divided into mastic
asphalt, bitumen felts, hot laid bitumen, and metal sheets. Mastic asphalt
consists of asphalt or bitumen mixed with fine sand in a hot state to form an
impervious mass. It is highly consistent, which allows them to spread to the
depth of 2.5cm to 5cm, which sets on cooling. Bitumen felts consist of a 6mm
thick sheet of bitumen having a width equal to that of a brick wall and is
prepared in rolls. Hot laid bitumen is used on a bedding of mortar or cement
concrete. Metal sheets are made up of copper and aluminum and lead to prevent
dampness in infrastructure, but they are expensive compared to their other
counterparts.
Based
on end user, the global damp proof course market is divided into residential
and non-residential. The residential segment is expected to capture the highest
market share in the forecast period. Damp is a common concern among the
residents living in older buildings. Rapid urbanization, increased expenditure
capacity of consumers, and the willingness of consumers to remodel their
existing building structures to increase their life are expected to fuel the
demand for the global damp proof course market over the next five years.
Major
market players operating in the global damp proof course market are:
- Richardson & Starling
- Peter Cox
- Wise Property Care
- Protectahome Ltd.
- Timberwise
- Rentokil
- Dampserve
- Permaguard
- Dorken
- Safeguard Europe Ltd.
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“The Asia-pacific region dominates the
market and is expected to maintain its dominance over the next five years,
2023-2027. The rise in high-quality construction and the ongoing infrastructure
development activities in emerging economies like China and India are driving
the market demand in the region. Favorable government policies support the
construction industry, and the strong economic growth further influences the
market growth in the coming years. Also, the advent of new technologies in the
construction industry to increase the quality of the buildings and the use of
online platforms by the market players to reach more customers is expected to
propel the global damp proof course market growth till 2027” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Damp Proof Course Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Method
(Electro-Osmotic, Chemical Damp, Pressure Grouting, Membrane, Integral, Cavity
Wall), By Material (Flexible, Rigid), By Flexible Material (Mastic Asphalt,
Bitumen Felts, Hot Laid Bitumen, Metal Sheets), By Rigid Material (Rich
Concrete, Mortar, Bricks, Slates), By End User (Residential, Non-Residential),
and By Region”, has evaluated the future
growth potential of global damp proof course market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global damp proof course market.
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