Global Bitumen Membrane Market Size study & Forecast, by Grade (APP (Atactic Polypropylene), SBS (Styrene-Butadiene-Styrene)), by Product (Sheets, Liquid, Others), by Application (Residential, Non-residential, Automotive, Others) and Regional Analysis, 20

Global Bitumen Membrane Market Size study & Forecast, by Grade (APP (Atactic Polypropylene), SBS (Styrene-Butadiene-Styrene)), by Product (Sheets, Liquid, Others), by Application (Residential, Non-residential, Automotive, Others) and Regional Analysis, 2022-2029

Global Bitumen Membrane Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Bitumen membranes are polymeric-based products made from incredibly thick and viscous bitumen. Bitumen membranes are produced through a number of processes and have important qualities like durability, stability of factory-set technical parameters, superior resistance to a variety of weather conditions, and ease of installation, making them suitable for use as a waterproofing and rustproof material. Bitumen membranes are also used as the foundation for engineering structures like roadways, bridge decks, flat roofs, and vapour barriers. Because of their ability to prevent rust, bitumen membranes are also frequently used in the automotive industry. Bitumen membranes not only protect the exterior of the building but also give the entire structure durability. It can be applied over metallic surfaces in liquid form to prevent rust and moisture intrusion, or it can be applied in sheets for waterproofing purposes in buildings and tunnels. Increasing adoption of bitumen membranes in the roofing industry is projected to propel the worldwide bitumen membranes market over the projected period. Organic, viscous, and waterproof liquids are used to develop bitumen membranes. They are utilized to safeguard both residential and commercial buildings. The development of the auto industry is a significant factor fueling the market for bitumen membranes. In the automotive sector, bitumen membranes are frequently used for cap sheet applications.

The rising construction sector is anticipated to support market growth. The bitumen membranes are widely used in construction sector for a variety of purposes, including damp-proofing, sealing, rust-proofing, and joint and crack filling. Thus, the rising construction sector is creating a lucrative demand for the market. For instance, according to oxford economics, the global construction industry will be grown by 85% to USD 15.5 trillion by 2030, with India, China, and United States capturing a 57% share of all global growth. According to Statista, in 2016, the value of construction work done by Hochtief a global provider of construction-related services was USD 23.30 billion and in 2021 the number reached USD 25.98 billion. Additionally, the rising industrialization is anticipated to create a lucrative opportunity for the market during forecast period. However, the volatility in raw material prices stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bitumen Membrane Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players, and growing demand in automotive and construction sectors in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising automotive sector, increasing spending power, public & private investments, favorable government initiatives for the construction sector would create lucrative growth prospects for the Bitumen Membrane market across Asia Pacific region.

Major market players included in this report are:
BASF SE
Soprema International
NORDIA S.A.
BMI Group
IKO Group
Johns Manville
Firestone Building Products Company, LLC
Ardex,
Tiki Tar
Isoltema Group

Recent Developments in the Market:
In Feb. 2022, Carlisle Companies Incorporated made the acquisition of MBTechnology, Inc., (MBT) a leading producer of energy-efficient, styrene-butadiene-styrene modified bitumen roofing and flooring systems for residential and commercial applications. The acquisition of MBT is in line with Carlisle's Vision 2025 strategy, which aims to increase scale in its highest-returning industries through synergistic acquisitions that will result in earnings per share of more than $15. MBT is a tactical add-on to Carlisle's recent Henry Company acquisition and will enter the Carlisle Construction Materials (CCM) operating segment.

Global Bitumen Membrane Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Grade, Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Grade:
APP (Atactic Polypropylene)
SBS (Styrene-Butadiene-Styrene)

By Product:
Sheets
Liquid
Others

By Application:
Residential
Non-residential
Automotive
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

BASF SE
Soprema International
NORDIA S.A.
BMI Group
IKO Group
Johns Manville
Firestone Building Products Company, LLC
Ardex,
Tiki Tar
Isoltema Group

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.