Global Damp Proof Course Market Trends, By Region ,Country, user with Forecast to 2027
The Global Damp Proof Course Market is anticipated to witness a robust CAGR in the forecast period, 2023-2027. Factors such as the booming construction industry in the developing economies and the increasing demand for cost-effective and efficient waterproofing systems primarily drive the demand for the global damp proof course market.
Damp proofing is a method to prevent wetness caused by water seeping up into the walls from the ground up, condensation inside damp walls, or other ways. Protecting the way from water damage is important as it can save a lot of money. The other factor that can influence the market demand in the coming years is the rise in awareness about the benefits of installing damp proof course solutions in residential and non-residential properties.
Flourishing Construction Industry Drives the Market Growth
Huge economic growth in the developing countries and low-interest rate in the developed countries is supporting the growth of the construction industry worldwide. The government of several economies is working on improving their existing infrastructure and improving the lives of their citizens. They are making high-end investments in infrastructure development and construction activities. Countries, where tourism activities are on the rise require the construction of more infrastructure for tourist accommodations. Construction of more buildings, hotels, and restaurants and the surge in the use of quality construction material to increase the building's life is expected to bolster the global damp proof course market growth over the forecast period. For instance, the Indian government is building homes and buildings and providing financial assistance to the interested parties. Schemes like Pradhan Mantri Awas Yojana, Haryana Housing Board Housing Scheme, and The Maharashtra Housing and Area Development Authority Scheme by the central and state government are fueling the demand for construction materials and solutions, which in turn is expected to boost the damp proof course market growth over the next five years.
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Last Update : Nov 19, 2022 12:40 AM
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