Global Bitumen Membrane Sheets Market Analysis & Trends - Industry Forecast to 2030

Global Bitumen Membrane Sheets Market Analysis & Trends - Industry Forecast to 2030

Bitumen Membrane Sheets: Market Size

From $3.56 billion in 2024, the global Bitumen Membrane Sheets market is projected to reach $5.72 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 8.2% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing demand for construction activities in Asia Pacific, positive outlook for bitumen membrane sheets in North America and Europe and increasing demand for expansion in the construction industry in the Middle East & Latin America.

Global Bitumen Membrane Sheets Market: Market Dynamics

Bitumen, commonly known as asphalt, is a liquid or semi-solid form of petroleum that is sticky, black, and highly viscous. It is extensively used in the building & construction industry on account of its excellent waterproofing qualities. Bitumen membrane sheets are considered ideal for waterproofing bridges, roofs, basements, and other structures. Mounting consumer demand for bitumen membrane sheets has accelerated global product demand, thereby augmenting industry expansion in recent years.

On the other hand, the high cost of raw material is likely to obstruct the profit boundaries. In addition, continuous enhancements and innovations to create high-performance and long-lasting roofing solutions will further boost for the Bitumen Membrane Sheets market.

Impact of COVID-19 on Bitumen Membrane Sheets

Temporary shutdown of infrastructure and construction activities due to the COVID-19 pandemic has decreased the demand for bitumen membranes sheets based waterproofing agents, which hampers growth of the bitumen membrane sheets market. Rise in the prices of petroleum-based products during the pandemic has led to a price hike of raw bitumen, which ultimately increases rice of bitumen membranes sheets, and hence the bitumen membrane sheets market is expected to experience a downfall in demand.

By Application

Construction Segment Dominate the Market in 2024

Bitumen membranes are used in the construction industry for various applications, which include roofing, terraces, tank lining, podiums, below-grade structures, and basements, among others. The construction industry in the Asia-Pacific region is growing at a significant pace, with China, India, and the Southeast Asian countries being in the hotspot. The construction sector in India has been growing rapidly, with increased investment by the government. The Indian government's ‘Housing for All by 2022’ initiative is also a major game-changer for the industry.

By Geography

Europe Region is Leading in the Global Market Place

The European region is expected to account for the largest share in the global bitumen membranes market over the forecast period. Germany has the largest construction industry in Europe. According to industry experts, the demand for new houses is estimated to be around 350,000 per year, which is expected to boost the construction sector. Additionally, the non-residential and commercial buildings in the country are expected to witness significant growth prospects in the coming years. The growth is supported by lower interest rates, an increase in real disposable incomes, and numerous investments by the European Union and the German governments..

List of the Key Players Profiled in the Market Include:

• BASF SE
• ARDEX
• Bauder GmbH
• Baumerk
• BMI Group
• BOSTIK SA
• BTM Group
• CertainTeed Corporation
• Firestone Building Products Company
• Fosroc International Ltd
• GAF Materials
• IKO Group
• Johns Manville Corporatio
• Pidilite Industries Limited

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others