Global Liquid Applied Membrane Market to be worth USD 24,010 Million by 2024
Posted On September 14, 2018
The Global Liquid Applied Membrane Market was valued USD 15,821.0 Million (by revenue) in 2017 and is anticipated to reach USD 24,010.0 MN by 2024 with a CAGR of 6.2%.These statistics were available in the holistic market study done by Value Market Research. The liquid applied membrane is a next-generation waterproofing chemical system with low viscosity waterproofing property that enables their demand across the construction industry. Owing to their low viscosity property they are efficient in reducing cracks in concrete. They are also used for repair and restoration projects. They can be also used in conjunction with high-performance materials & polymers in order to enhance their waterproofing properties.
The report envisage that the growing need for expansion of infrastructure sectors along with the rising investment in the development of infrastructure is likely to propel the market growth. The government is taking various initiatives for the construction industry which is expected to favor the market growth. Also, extensive research is being conducted by the manufacturers in order to develop novel products which are creating numerous growth opportunities in the market. Further, rising utilization of bio-based or environmental friendly products is expected to augment demand for the product.
The report "Global Liquid Applied Membrane Market Report By Product (Bituminous, Elastomeric, And Cementitious), Application (Roofing, Underground Construction, Walls, And Others), End-Use (Residential, Commercial, And Public Infrastructure) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2017-2024" - forecast revenue growth on global, country and regional level. Further, this report also provides a deep analysis of the industry trends of each segment.
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In order to study the market, Value Market Research has segmented the Liquid Applied Membrane Market on the basis of product, application, end-use, and region. By product the market is bifurcated into bituminous, elastomeric, and cementitious. Among these, bituminous is leading the segment owing to its superior structural characteristics, excellent waterproofing property, and cost-effective, thereby raising their demand across the various construction application. By application, the market is split into roofing, underground construction, and walls. Out of which, roofing is dominating the segment owing to rising demand for green roofing product along with increasing infrastructural development within the commercial and residential building. The end-user segment covers residential, commercial, and public infrastructure. Residential sector dominated the end-use segment owing to growing population base leading to increases in construction and renovation. The commercial sector is the fastest growing segment owing to rising number of small and medium enterprises leading to expansion of commercial spaces. In terms of region, the North America, Europe, Asia-Pacific, Latin America, and Middle East & African market has been analyzed. Asia-Pacific is ruling the global liquid applied membrane market owing to rapid industrialization and urbanization followed by increasing expenditure on infrastructural development.
The Report Segments Global Liquid Applied Membrane Market -
- Underground Construction
- Others (Floors and Bridge Decks)
- Public Infrastructure
- North America
- Latin America
- Middle East & Africa
The Key Players In The Liquid Applied Membrane Market Includes:
BASF SE, Carlisle Companies Inc., GCP Applied Technologies Inc., Henry Company LLC, Johns Manville Corporation, Kemper System America Inc., Saint Gobain S.A., Sika AG, Soprema Group, and The DOW Chemical Company
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