The bituminous waterproofing membrane market refers to the production and distribution of bituminous waterproofing membranes which are high temperature sensitive, sticky, water dissolved, and high viscosity and high deformation at room temperature, black colored semi-solid or liquid form of petroleum which are used to prevent water leaking. The rising demand in residential and commercial spaces and increasing consumer preference for improving the shelf life of paint driving the market flow.
However, the restraining factors include changing consumer preferences, disruptions in supply chains, and stringent government regulations that can hamper market growth. The worldwide rising demand for roofing and waterproofing applications and the utilization of bituminous waterproofing membranes in mining applications will contribute to the growth of the bituminous waterproofing membrane market in the future.
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