Bitumen Membranes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2025

Bitumen Membranes Market is forecast to exceed USD 3.5 billion; according to a new research report.

Bitumen membranes have been widely utilized in the construction sector due to their superior properties of rust proofing & waterproofing. These products provide protection to the concrete structures against moisture and increase its durability. Rising construction activities in major countries including China, Japan, the United States, India, etc. are likely to drive the product demand in the next few years. Government initiatives to build infrastructure in the emerging nations will further propel the product demand in the near future. For instance, Government of India have initiated AMRUT and smart city projects in major cities in order to improve the rural and urban infrastructure and living standards. Additionally, many upcoming construction projects in UAE and China will propel the bitumen membranes industry growth by 2025.

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Another key growth enabling factor is the growing automotive industry across the world. The product is utilized in the coating applications of automotive components such as cap sheets. Increasing vehicle production in major parts of the world along with the rising personal car market demand will drive bitumen membranes industry demand by 2025.

According to grade, the market can be classified into SBS (styrene butadiene styrene) and APP (atactic polypropylene). SBS grade is likely to grow at a CAGR of around 5.5% in the study period due to rising product demand in the construction industry. Superior product features including dimensional stability, excellent strength and better elongation properties will drive its demand in the industry by 2025.

On the basis of product, the market is segregated into liquids and sheets. The key properties of liquid bitumen membranes including excellent waterproofing characteristics, high compatibility in wet substrates, superior performance in varying temperature condition, etc. is likely to drive the industry growth in the near future.

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Europe is a leading region which will hold around 35% share of bitumen membranes market over the study period. This is due to a mature automobile and construction sectors in Europe. Asia Pacific will also be a key region in the bitumen membranes industry due to growth of automotive industry in the emerging countries. The key factors such as increasing income, rising urbanization, etc. will propel product demand by 2025.

Bitumen membranes industry share is extremely competitive, with numerous players. The main players include BASF SE, Jiangsu Changzhou Xinyuan Waterproof Equipment factory, Ardex, Bondall, Johns Manville, Soprema International, IKO Group, Total S.A., NORDIA S.A. and Tiki Tar.

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