The global thermoplastic polyolefin membranes market is anticipated to grow over the forecast period owing to the increasing demand of waterproofing membranes market with their key applications in roofing and mining industry. TPO is a reflective and single-ply roofing membrane prepared by the integrated polymerization of ethylene-propylene and polypropylene rubber. They are recyclable and do not contain any hazardous or toxic ingredient. The process of manufacturing membranes does not require chlorine for producing sheets which makes it an eco-friendly process. Absence of chlorine in the production process of TPO membranes allows its marketers to hype their products as environmentally safe “green products”. During the manufacturing process of TPO membranes, TPO resin is compounded with several other components such as fire retardants, weathering package and coloring pigments to produce a product that can survive long exposure to harmful UV rays and extreme climatic conditions. Major market drivers responsible for the growth of global TPO membranes market include its various benefits such as its eco-friendly chemistry, durability, recyclability, flexibility, less labor requirement, heat resistant properties and low installation cost. These synthetic membranes are manufactured by using different processes such as extrusion molding, injection molding and forming. Roofing was the largest application of TPO membranes which is anticipated to drive the growth of its Thermoplastic Polyolefin Membranes Market hugely over the projected period. This commercial roofing product is highly resistant to impacts and tears which provides it with an edge over other commercial roofing membranes.
TPO membranes can be installed on high and low slope surfaces easily for making the building roofs waterproof. Roof waterproofing is usually required to protect the building against penetration of water and other liquids. Membranes made from TPO are adaptable to structural movements of a building and are insensitive to the fluctuating cold-heat cycles. These membranes can be repeatedly heated, melted and reshaped. The flexibility of TPO membranes allows it to be installed rapidly and its huge panels reduce the number of seams which cut down its maintenance and labor cost drastically. These membranes are highly active in absorbing the sun’s energy which helps in dipping the buildings cooling cost. TPO membranes Market is expected to grow by the introduction of self-adhering TPO membranes which are used increasingly for flashing walls, curbs and deck applications. This factor is expected to augment the demand for TPO membranes globally over the projected period. These membranes are suitable for the applications of landfills, tunneling, irrigation canals and other works which require high static, mechanical and dynamic resistance. Increasing use of TPO membranes for underground waterproofing of tunnels boost its market demand owing due to its various advantages such as its longer sustainability and safe installation.
Asia Pacific is expected to be the largest thermoplastic polyolefin membranes Market over the projected period due to the thriving construction industry in this region. Rising waste, roofing and water management industry are also contributing to driving the market of this region. Asia Pacific is followed by North America and Europe owing to the increasing demand of TPO waterproofing systems here.
Key players present in the global TPO membranes market include Carlisle Companies Inc., Firestone Building Products Company, Soprema Group, BASF SE, GSE Environmental, The Dow Chemical Company, Sika AG, Johns Manville and GAF Materials Corporation. GAF markets its brand EverGuard which provides a wide array of TPO membranes offering high resistance power against UV degradation and heat aging. It is applicable for fresh construction works and re-roofing projects with high seam strength and easy installation. EverGuard products also offer high puncture resistance and seam strength with long-term weathering which helps in gaining customers reliability.
UltraPly TPO Roofing Systems of Firestone Building Products Company are suitable for low-slope roofing applications of commercial building projects. It offers various TPO membranes with panels available in reflective colors such as gray, tan and white. They help in reducing the cooling requirement of a building with meeting the new version of California Energy Efficiency Standards for Residential and Nonresidential Buildings. Firestone also offers an UltraPly Platinum TPO system which is a thermoplastic roofing system with a set of TPO membranes with enhanced tear, puncture and abrasion resistance. The system meets the Energy Star standards for saving energy in hot climatic conditions making it a long-term roofing asset for building owners that apply it.
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The prevailing pandemic situation has led to weakened demand for paints and coatings in automotive, construction, electronics, and white goods. The path to recovery of growth for the industry is highly dependent on the duration of restrictions imposed and their influence on economic activity across the globe. Contrary to the trend prevalent in the industry in general, certain segments of the market such as antimicrobial coatings are witnessing a surge in demand in healthcare and food industries. The report will account for Covid19 as a key market contributor.