Liquid Applied Membranes Market Size, Share & Trends Report

Liquid Applied Membranes Market Size, Share & Trends Analysis Report By Product (Cementitious, Bituminous, Polyurethane), By Application (Roofing, Walls, Building Structures), By End-use, And Segment Forecasts, 2012 - 2022

  • Published Date: Mar, 2018
  • Base Year for Estimate: 2016
  • Report ID: 978-1-68038-826-8
  • Format: Electronic (PDF)
  • Historical Data: 2014-2016
  • Number of Pages: 150

Industry Insights

The global liquid applied membranes market size was worth USD 3.84 billion in 2014. Its properties such as low odor, low viscosity, and environment-friendly nature are likely to facilitate an increase in the utilization of the product in the infrastructure sector. Moreover, these have easy application over complex surfaces and are cost-effective as compared to waterproofing sheets.

The product has a long shelf life and is easy to re-apply which is anticipated to fuel the growth over the next seven years. In addition, liquid applied membranes are being preferred for improving the overall structure of commercial, residential as well as industrial buildings. They can be used in conjunction with high-performance materials & polymers in order to enhance their waterproofing properties.

U.S. liquid applied membrane market

Need for expansion of the infrastructure sector in the developing economies coupled with the high focus on investment is projected to propel the growth over the coming years. The government has been taking numerous initiatives pertaining to the industry, which is expected to positively affect the market.

North America and Europe were the major markets for the product in 2016 as the result of supportive government policies and recovery of the construction industry. Asia Pacific is likely to be one of the most attractive markets due to high economic growth in India & China.

Extensive research is being conducted by the manufacturers in order to develop innovative products. The companies have been focusing on product differentiation, which is likely to fuel the growth over the coming years. Increasing utilization of bio-based as well as environment-friendly products is expected to augment the demand over the forecast period.

Application Insights

Roofing dominated the global market and was valued at USD 1.00 billion in 2014. Rising urban population and increased demand for residential construction is expected to augment the growth over the forecast period.

Building structure held a revenue share of 20.0% in 2014. New commercial and residential construction activities in developing regions predominantly in Latin America and Asia Pacific is estimated to augment the demand in the near future. In addition, strong economic development and elimination of barriers to FDI in India are anticipated to spur the demand from the construction sector.

Product Insights

Cementitious segment accounted for the majority share in 2014. The market is forecasted to witness likewise tendency over the next seven years due to relatively low cost as compared to sheet membranes.

Polymer modified cementitious membranes are highly flexible and low cost. These are being widely used for conservative waterproofing which is a prominent factor propelling its demand. W.R. Meadows introduced a product called “cem-kote flex st” which is a highly flexible cement membrane and can be easily applied to the substrate by brushing or with spray equipment for larger applications.

Polyurethane segment is estimated to witness a substantial growth of 7.2% from 2016 to 2022. These have uniform thickness hence making its application uniform and easy. These membranes are being widely accepted for use in roofs, wet rooms, water & sewage treatment plants, stadium stands, bridges, and building foundation & retaining walls. However, the high cost of these products is expected to restrict the growth over the next seven years.

End-use Insights

Residential segment accounted for a revenue share of 30.0% in 2014. The segment is estimated to witness a substantial demand owing to the increasing migration activities in Europe. A major shift in the consumer lifestyle has stimulated a rise in the renovation and modernization activities in present households. This is expected to further boost the demand for the product over the forecast period.

Liquid applied membranes are vapor non-permeable thus protecting the building from effect of extreme weather conditions. Growing requirement of energy efficient and green residential building is expected to further propel the demand over the forecast period.

U.S. liquid applied membrane market

The commercial segment is anticipated to witness a significant growth due to rising number of small & medium business enterprises worldwide. In addition, rising efforts towards improvement of education infrastructure such as colleges, schools, and institutions are expected to augment the demand in the near future.

Regional Insights

Europe dominated the global liquid applied membranes market in 2014 and is estimated to grow at a CAGR of 7.4%, in terms of revenue, from 2016 to 2022. Increasing concerns pertaining to water and waste management is expected to boost the demand for waterproofing products in the region. In addition, the expanding demand from countries including Poland, Turkey, and Russia is anticipated to drive the growth over the forecast period.

Asia Pacific demand was worth USD 700.0 million in 2014 and is anticipated to witness a substantial growth. Rapid industrialization, infrastructure development, and increasing consumers’ willingness to spend in the region is expected to drive the market growth.

Liquid Applied Membranes Market Share Insights

Key companies including GAF Materials Corporation, Kemper System America, Inc.,Pidilite Industries Limited, Dow Chemical Company, Fosroc Ltd., Sika AG, Paul Bauder GmbH & Co. KG, BASF SE, and CICO Technologies Limited have adopted strategies including joint ventures, acquisition & merger, and new product development. In February 2013, Paul Bauder introduced a new bitumen waterproofing product called “BauderTEC SPRINT DUO” with a self-adhesive coating.

Numerous companies are integrated across the value chain which facilitates continuous raw material supply as well as low production cost. Furthermore, companies including DuPont and Sika procure raw materials from suppliers and use them to manufacture waterproofing membranes. British Petroleum, Exxon Mobil, Marathon Oil Corporation and Volero Energy Corporation are some of the key suppliers of bitumen on a global scale.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2012 - 2015

Forecast period

2016 - 2022

Market representation

Revenue in USD Million, Volume in million square meters, and CAGR from 2016 to 2022

Regional scope

North America, Europe, Asia Pacific, LatinAmerica, Middle East & Africa

Country scope

U.S., Germany, UK, China, India, Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2012 to 2022. For the purpose of this study, Grand View Research has segmented the global liquid applied membranes market report on the basis of product, application, end-use, and region:

  • Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

    • Cementitious

    • Bituminous

    • Polyurethane

    • Others

  • Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

    • Roofing

    • Walls

    • Building structures

    • Landfills & tunnels

    • Others

  • End-use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

    • Residential

    • Commercial

    • Industrial

    • Public Infrastructure

  • Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 - 2022)

    • North America

      • U.S.

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

Key questions answered by the report
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