Growing construction sector along with increasing expenditure on repairing and construction of new infrastructure. Increasing demand from residential, and commercial construction owing to easy to apply, eco-friendly and cost-effective waterproofing material is escalating the market growth. Moreover, in China & India, ongoing rapid urbanization along with the rising need for improved infrastructure and growing expenditure on construction sector is likely to propel the market growth. Also, governmental initiatives on use of eco-friendly or bio-based construction materials are presumed to upsurge the liquid applied membrane demand.
As per the latest report added by Value Market Research, the Liquid Applied Membrane Market was valued at USD 15,821.0 MN in 2017 and is projected to reach USD 24,010.0 MN by 2024, with a CAGR of 6.2%.
BITUMINOUS DOMINATED THE PRODUCT SEGMENT
In 2017, bituminous membrane is the leading membrane type segment owing to its lower price, ease of application, effective waterproofing, and excellent structural properties. Bituminous is asphalt substance which offers properties like highly sticky, viscous, and waterproof. It is composed of selected asphalts (bitumen) having superior modifying characteristics. Bituminous membrane is designed to provide protection to commercial and residential buildings. Bituminous membrane accounts for a significant share owing to its benefits such as highly durable, fire-resistance, tensile strength, and dimensional stability. As per the analysis, bituminous segment is expected to reach USD XX.X MN by end of 2024.
BY END-USER, RESIDENTIAL SECTOR IS A LEADING SEGMENT
In 2017, the residential sector dominated the end-use segment. The residential construction end-user industry includes apartments, houses, and similar buildings. Liquid applied membranes in the residential construction are increasing due to rising residential projects in emerging economies, government initiatives, and favorable investment. However, increasing population has fueled the growth and requirement for affordable houses in residential construction resulting in the large market in this segment. China is the leading market in residential construction application with the speed of the urban population growth and replacement of demolished properties. Whereas, the commercial sector is the fastest growing segment owing to an increasing number of small and medium enterprises leading to an increase in commercial spaces. By 2024, the commercial sector will lead the segment and is expected to reach USD XX.X MN.
ROOFING DOMINATED THE APPLICATION SEGMENT
By application, roofing is the dominated segment in 2017, owing to the growing adoption of liquid applied membranes in rising residential and commercial activates. Liquid applied membrane forms a remarkable bond, creates an elastomeric, extremely protective surface and provides exceptional waterproofing performance for roofs where standing water is a trouble. Hence, the surface can be covered with a uniform coating which prolongs the life of an existing roofing system, fuel the growth of the market. Superior physical and chemical properties of liquid applied membrane along with rapid infrastructural development. Roofing is anticipated to reach USD XX.X MN by 2024.
GEOGRAPHICALLY, ASIA PACIFIC LED THE MARKET
Asia Pacific dominated the market for liquid applied membrane over the past few years. Strong construction activities in the region have fuelled the demand for liquid applied membranes. Emerging economies such as China and India have mainly triggered this strong growth for liquid applied membrane in Asia Pacific. Growing economy and increasing income in the hand of the middle class has boosted the residential construction industry. Growth in industrialization and increasing expenditure on development of infrastructure has also contributed towards the growth of liquid applied membrane in the region. It is forecasted that by end of 2024, Asia Pacific market will reach USD XX.X MN.
KEY PLAYERS OF LIQUID APPLIED MEMBRANE MARKET
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 are the key players of liquid applied membrane market.
As per this study the Global Liquid Applied Membrane Market was valued USD 7.37 MN (by revenue) in 2021 and is anticipated to reach USD 12.15 MN by 2028 with a CAGR of 7.4%. By volume, the market was estimated at XX MN. Sq. Meter in 2021 and is expected to reach XX MN. Sq. Meter by 2028 with a CAGR of XX%.
Liquid applied membrane is low viscosity and moisture curing waterproofing membrane which can be applied to the vertical or horizontal surface usually by spraying, brushing or rolling. These membranes offer the wide range of superior properties including waterproof, chemical resistant, dimensional stability, UV resistant, and eco-friendly. Hence these are used in the various applications to offer protection to commercial and residential buildings.
Market Dynamics
Increased demand for liquid applied membrane in residential construction, commercial construction, and public infrastructure construction end-use industries is a major factor driving the market growth. Rapidly growing infrastructure sector in the developing countries coupled with the high focus on investment is expected to fuel the market growth during the forecast period. Whereas, fluctuating price of raw materials along with increased demand for sheet membrane is expected to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of liquid applied membrane.
Market Segmentation
The broad liquid applied membrane market has been sub-grouped into product, application and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Bituminous
- Elastomeric
- Cementitious
By Application
- Roofing
- Underground Construction
- Walls
- Others (Floors and Bridge Decks)
By End-Use
- Residential
- Commercial
- Public Infrastructure
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for liquid applied membrane in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Liquid Applied Membrane Market Share by Region (Representative Graph)​
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. 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. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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