By 2027, Bitumen Membrane Sheets Market in Europe Region is Projected To Record CAGR of 2.3%

The Europe bitumen membrane sheets market is expected to exhibit a CAGR of 2.3% through 2027. In European countries like Sweden, the number of enterprises in the broad construction sector has increased rapidly, driven particularly by escalating engineering and architectural activities. As per the European Commission’s report, enterprises in the sector experienced an increase of over 6.8% from 2010 to 2020, totaling 187,694 in 2020. This factor could bolster the adoption of bitumen waterproofing membrane sheets in the regional construction industry.

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Furthermore, in March 2020, the Swedish government introduced its Larger Accessory Dwellings Bill, geared towards promoting accessory dwellings construction, and at the same time, enabling the construction of buildings with high residential quality. Initiatives like these are anticipated to allow Europe to emerge as a key hub for bitumen membrane sheets market players over the foreseeable future.

Bituminous membrane sheets are gaining wider acceptance as a flexible, watertight material with excellent mechanical properties, resistance to damage and punctures, and ease of maintenance. The rising penetration of the bitumen membrane sheets market is expected to continue due to myriad factors, including the significant rise in construction spending.

According to the U.S. Census Bureau’s data, investment in construction during February 2022 was estimated to reach a seasonally adjusted annual rate of around $1,704.4 billion, a 0.5% hike from the revised January estimate of over $1,695.5 billion. Also, residential construction was estimated at over $850.6 billion in February in the country, up from the revised January estimate of over $841.2 billion. Situations like these could allow the bitumen membrane sheets market to grow exponentially, considering the use of bitumen sheets for roof waterproofing and other construction applications.

To ease transportation bottlenecks in the aftermath of the novel COVID-19 pandemic, government administrations have been making key infrastructure investments. In the U.S., it has been observed that many of the country’s major bridges and thoroughfares need repair.

In response to this, President Joe Biden’s administration announced plans to invest over $27 billion to renovate bridges, as a part of the $1 trillion infrastructure bill. This rise in infrastructure development activities could create a surge in the use of bitumen membrane sheets for structural waterproofing applications on concrete bridges.

Over the years, governments across the globe have been emphasizing the reduction of carbon emissions and are working towards developing a sustainable future. For example, in 2021, the U.S. submitted a new NDC (nationally determined contribution) to set an economy-wide target to reduce net greenhouse gas emissions by 50% to 52% in 2030.

To that end, engineering companies have been making persistent efforts to bring more sustainable road construction materials to consumers worldwide. Citing an instance, in May 2021, Praj Industries India achieved a new milestone with the development of innovative tech to produce lignin-based bio-bitumen. This initiative to design green materials was taken to curb carbon dioxide emissions, thus promoting a bio-based economy, and in turn, contributing to the expansion of the bitumen membrane sheets market.

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Some Point from Table of Contents:

Chapter 4 Bitumen Membrane Sheets Market, By Grade

4.1 Global bitumen membrane sheets market grade insights

4.2 Styrene- Butadiene- Styrene (SBS)

4.2.1 Market estimates and forecasts, 2017 – 2027

4.2.2 Market estimates and forecasts by region, 2017 – 2027

4.3 Atactic Polypropylene (APP)

4.3.1 Market estimates and forecasts, 2017 – 2027

4.3.2 Market estimates and forecasts by region, 2017 – 2027

Chapter 5 Bitumen Membrane Sheets Market, By Application

5.1 Global bitumen membrane sheets market application insights

5.2 Residential

5.2.1 Market estimates and forecasts, 2017 – 2027

5.2.2 Market estimates and forecasts by region, 2017 – 2027

5.3 Non-residential

5.3.1 Market estimates and forecasts, 2017 – 2027

5.3.2 Market estimates and forecasts by region, 2017 – 2027

5.4 Others

5.4.1 Market estimates and forecasts, 2017 – 2027

5.4.2 Market estimates and forecasts by region, 2017 – 2027

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