The bitumen membrane sheet market will reach $ 3.5 billion by 2027; Global Market Overview Inc.

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Growth in overall construction, including public-private partnerships, is expected to increase in the coming years, increasing product penetration in the industry. In addition, private investments in non-residential activities are also accelerating, which will have a positive impact on the bituminous membranes market. In addition, increasing urbanization is also driving the growth of the market. The APAC region has been one of the most attractive destinations from an investment point of view due to the presence of huge opportunities which attract various investors to the region. The presence of an open business environment in APAC has been a preferred route for companies planning to enter the APAC market.

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On the basis of quality, the bitumen membrane sheet market is segmented into two categories: SBS (Styrene-Butadiene-Styrene) and APP (Atactic Polypropylene). The SBS quality segment is expected to register a CAGR of 4.3% during the forecast period due to its excellent characteristics and a wide range of applications in the construction industry. SBS bitumen membranes withstand extreme weather conditions such as high and low temperatures, freeze-thaw processes, rain, ice and snow. In addition, the life expectancy of SBS bitumen membranes is also remarkable, even after aging, the SBS bitumen membrane retains its elasticity and flexibility, which is ideal for flat roof solutions.

Asphalt membrane sheet applications include residential, non-residential and other applications. The other applications segment will hold a significant share of the global bitumen membranes market. Bitumen membrane sheets are used in the automotive industry as sound absorbing panels, and the automotive industry accounts for about 9% to 12% of the total of other applications. The increasing development of sound absorbing panels in the automotive industry will see increased penetration of bitumen membrane sheets in the automotive industry. Corrugated sheet anti-rust applications are other applications which are expected to have a positive impact on the industry. Sheets of polymer modified bitumen membrane are also used for waterproofing and insulation applications.

Europe is expected to witness a 2.3% CAGR through 2027. Europe will have the second largest share of demand throughout the forecast period. In terms of added value, Germany and France are the largest construction markets in the region. Demand for housing in Europe increases every year. With low interest rates and rising incomes, house prices have increased exponentially in the region. The positive growth of the construction sector in the region will stimulate regional growth in the years to come.

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The main companies operating in the bituminous membranes market are BASF SE, Soprema International, BMI Group, IKO Group, Pidilite Industries Limited, Total SA, Firestone Building Products Company, LLC., ARDEX, Tiki Tar, BTM Group, Johns Manville Corporation, BOSTIK SA, Baumerk, Technonicol Corporation, Bauder GmbH, Fosroc International Ltd., Sika AG, Polyglass United States, GAF Materials, CertainTeed Corporation, et al.

Some of the key findings of the Bitumen Membrane Sheets Market report include:

  • New technologies and product innovations associated with the growth of the construction sector through North America and APAC will enhance market growth.
  • The major players are primarily focused on expanding their product line and strategic alliances, such as partnerships, acquisitions and collaborations and joint ventures, to lead the industry.
  • On the basis of grade segment, SBS grade dominated the bitumen membrane sheets market in 2020 and is expected to hold significant market share throughout the forecast period.
  • On the basis of applications, the non-residential segment held a significant market share in 2020.

Partial chapters of the report table of contents (TOC):

Chapter 3 Bitumen Membrane Industry Overview

3.1 Industry segmentation

3.2 Industry Size and Forecast, 2017 – 2027

3.3 Industry Ecosystem Analysis

3.3.1 Profit Margin Analysis

3.3.2 Added value at each stage

3.3.3 Analysis of distribution channels

3.3.3.1 Disruption of the value chain due to COVID-19

3.3.4 Matrix of suppliers

3.4 Innovation and sustainability

3.4.1 Patent analysis

3.4.2 Future trends

3.5 Industry megatrends

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.1.1 Increase in construction activities in Asia Pacific

3.6.1.2 Positive outlook for bituminous membranes in North America and Europe

3.6.1.3 Expansion of the construction industry in the Middle East & Latin America

3.6.2 Pitfalls and challenges of the industry

3.6.2.1 Volatility of commodity prices

3.7 Regulatory landscape

3.7.1 North America

3.7.2 Europe

3.7.3 Asia Pacific

3.7.4 Latin America

3.7.5 Middle East & Africa

3.8 Analysis of growth potential

3.9 Competitive landscape, 2020

3.9.1 Company Market Share Analysis, 2020

3.9.2 Strategy dashboard

3.9.3 Future investments of the main manufacturers of bituminous membranes

3.10 Porter’s analysis

3.10.1 Authority of the supplier

3.10.2 Power of the buyer

3.10.3 Threat of substitutes

3.10.4 Threat of new entrant

3.10.5 Industry Rivalry

3.11 Price development

3.11.1 Evolution of regional prices

3.12 Analysis of the cost structure

3.12.1.1 R&D cost

3.12.1.2 Manufacturing and equipment cost

3.12.1.3 Cost of raw materials

3.12.1.4 Cost of dissemination

3.12.1.5 Operating cost

3.12.1.6 Miscellaneous costs

3.13 PESTEL analysis

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, United States, is a global provider of market research and consulting services; offering syndicated and personalized research reports as well as growth consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed using a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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SOURCE Global Market Insights Inc.


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