Visiongain’s new report Liquid Applied Membrane Market Report 2020-2030: Forecasts by Type {Cementitious, Bituminous Membranes, Elastomeric Membranes(Acrylic Membranes, Polyurethane Membranes, Other Members), Applications {Roofing(Low Sloped Roofing, High Sloped Roofing, Mansard Roofing), Underground Construction(Pipes, Tunnels, and Drainage Systems, Tanks, Reservoirs, and Swimming Pools, Other Underground Structures), Walls(Exterior Side, Interior Side), Waste And Water Management, Pool, Landfills & Tunnels, Other Applications), by region and analysis of leading companies operating in this industry.

The global liquid applied membranes market was valued at over USD 17 billion in 2018 and is anticipated to grow at a CAGR of over 7% during the forecast period from 2020 to 2030. The need for infrastructure sector expansion in developing economies coupled with high investment emphasis is projected to boost growth in the coming years. The government across various economies has taken several industry-related steps that are anticipated to have a positive impact on the market.

The characteristics such as low smell, low viscosity and environmentally friendly nature are likely to encourage increased consumer use in the infrastructure market. Also, they are easy to apply over complex surfaces and are cost-effective in comparison to waterproofing plates.

The product has a long shelf life and is simple to re-apply, which in the coming years is expected to drive production. Therefore, liquid applied membranes are favored to improve the overall structure of retail, residential and industrial buildings. To enhance their waterproofing properties, they can be used in conjunction with high-performance materials & polymers.

The manufacturers are carrying out extensive research to produce innovative products. The companies which are focused on product differentiation, which in the coming years is likely to drive growth. It is projected that increased use of bio-based as well as environmentally friendly products will increase demand over the forecast period. For buildings, the newly developed rapid-curing resin technology is primarily used for balconies and outdoor walkaways. Roofing and waterproofing are few major applications of this technology.

Based on end-users, the market is bifurcated into the residential and non-residential sectors. In particular in emerging economies, government spending on public services such as hospitals, senior citizens' homes, schools, and nurseries is growing rapidly. Also, these old and new infrastructure activities will drive demand for waterproofing and weatherproofing solutions, thereby increasing the size of the Latin America liquid applied membrane market over the forecast period.

In 2018, Europe dominated the global market for liquid applied membranes and is projected to rise at a CAGR of ~6% from 2020 to 2030 in terms of revenue. Increasing water and waste management issues are expected to fuel the region's demand for waterproofing products. However, the growing demand from countries such as Poland, Turkey, and Russia are expected to drive further growth over the forecast period.

Also, APAC is anticipated to witness significant growth. It is expected that rapid industrialization, infrastructure development and the increased willingness of consumers to spend in the region would drive market growth.

Many companies are integrated across the value chain, facilitating a continuous supply of raw materials as well as the low cost of production. Also, companies such as DuPont and Sika are supplying suppliers with raw materials and using them to produce waterproofing membranes. Some of the largest international suppliers of bitumen are Exxon Mobil, British Petroleum, Volero Energy Corporation, and Marathon Oil Corporation. 

Some of the key market name market players include BASF SE, Carlisle Companies Inc., DuPont, Fosroc, GCP Applied Technologies Inc., Henry Company LLC, Johns Manville Corporation, Kemper System America Inc., Saint Gobain S.A., Sika AG, Soprema Group, and The DOW Chemical Company, other prominent players.

Notes for Editors
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