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Bitumen Membrane Sheets Market Size By Grade (SBS, APP), By Application (Residential, Non-residential, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI5168
  • Published Date: Dec 2021
  • Report Format: PDF

Industry Trends

Bitumen Membrane Sheets Market size surpassed USD 2.6 billion in 2020 and is estimated to exhibit 4.2% CAGR from 2021 to 2027. Substantial investments in the construction sector owing to increasing industrialization, rapid urbanization, rising population, and government initiatives are likely to escalate the industry growth.
 

Bitumen Membrane Sheets Market

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Bitumen consists of various drawbacks as the production of petroleum products is leading to environment degradation. Various organizations are now calling to reduce the production of petroleum products and switch to more eco-friendly alternatives. One such development is the introduction of innovative technologies to produce bio-bitumen, based on lignin, which is one of the co-products produce from compressed bio-gas plants, second-generation ethanol plants, and also from paper making. The conversion of crude lignin to bio-bitumen helps to replace the fossil-based bitumen and can introduce eco-friendly bitumen.
 

Increasing construction activities in Asia Pacific and North America will be the major factor driving the bitumen membrane sheets market demand. APAC has witnessed tremendous growth in the construction sector due to increasing urbanization and private & public investments.
 

Government initiatives, such as Smart City Mission in India, have attracted investments that aim to upgrade and develop infrastructures. Apart from this, increasing commercial activities have resulted in significant growth in demand for commercial spaces such as offices, malls, etc. Moreover, various governments in emerging economies are focused on growing their industrial footprints globally, resulting in rising demand for industrial spaces. The rising residential sector along with the non-residential sector is expected to fuel the industry expansion.
 

Constantly shifting raw material prices result in volatile production costs, which will lead to price variations in finished products and might hamper the industry statistics.
 

Rising demand for SBS grade bitumen membrane sheets for construction application

The SBS grade segment is poised to witness a demand of over 2,300 kilo tons by 2027. SBS bitumen membrane sheets comprise synthetic rubber-modified bitumen in the form of Styrene- Butadiene- Styrene (SBS). This product type has superior characteristics in terms of serviceability range, low-temperature flexibility, elongation, dimensional stability, and strength. Some SBS grades also show self-adhering capability owing to the adhesive backing in its composition. The shape-retention ability of SBS bitumen after being stretched makes it suitable for applications such as bitumen roofing, sealants, and coating. Cold adhesives, hot asphalt mopping, and torching are some of the common methods to install SBS-modified bitumen membrane sheets.
 

Increasing usage in non-residential application of bitumen membrane sheets

Bitumen Membrane Sheets Market, By Application

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The bitumen membrane sheets market from non-residential application is anticipated to generate around USD 2.5 billion by 2027. Construction spending on non-residential construction has increased substantially over the last few years. In developing economies, non-residential construction activities are majorly led by robust industrialization, the rising demand for industrial infrastructure, development in the standard of living, and public & private investments.
 

In the Middle East countries, such as Saudi Arabia and the UAE, the spending on commercial construction has improved significantly due to the increasing number of tourists in the region. Asia Pacific region have become global manufacturing hub with countries like China, India, Malaysia, among others enhancing rapid industrialization. Asian countries are observing influx of FDI and rising presence of international companies. This will drive construction in non-residential sector, subsequently propelling product demand.
 

North America to achieve prominent growth

Bitumen Membrane Sheets Market, By Region

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The North America bitumen membrane sheets market is predicted to account for above 20% of the revenue share by 2027. The regional industry will be majorly fueled by the U.S. on account of growing expenditure on the construction industry. The development of new houses has compelled new home buyers to explore suburban areas, which will have a positive impact on the market revenue. The government is also expected to spend heavily on the construction industry to boost the economy, giving the residential sector the necessary impetus for growth. The increasing repair and maintenance activities will further augment the regional market share.
 

Product development is one of the major strategic outlooks

Some of the key bitumen membrane sheets industry players include BASF SE, Soprema International, BMI Group, IKO Group, Pidilite Industries Limited, Total S.A., Firestone Building Products Company, LLC., ARDEX, Tiki Tar, BTM Group, Johns Manville Corporation, BOSTIK SA, Baumerk, Technonicol Corporation, Bauder GmbH, Fosroc International Ltd., Sika AG, Polyglass U.S.A., GAF Materials, and CertainTeed Corporation among others.
 

Market participants extensive focus on research and development of their product portfolio and introduce new technologies to enhance business capabilities. The enhancement of the product landscape and strategic partnerships are key initiatives in the industry.
 

This bitumen membrane sheets market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2017 to 2027 for the following segments:

Market, By Grade

  • SBS (Styrene-Butadiene-Styrene)
  • APP (Atactic Polypropylene)

Market, By Application

  • Residential
  • Non-residential
  • Others

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Malaysia
    • Pakistan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • UAE
    • Saudi Arabia

 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The market for bitumen membrane sheets accounted for USD 2,613 million in 2020 and will grow at a CAGR of 4.2% between 2021 and 2027 owing to considerable investments across the construction sector.

North America market is anticipated to record over 20% of the overall market revenue by 2027 driven by surging construction expenditure in the U.S.

The market demand for SBS grade sheets is set to exceed 2,300 kilo tons through 2027 propelled by the presence of superior characteristics such as low-temperature flexibility, dimensional stability, serviceability range, strength, elongation, and others.

The market revenue from non-residential application will surpass USD 2.5 billion up to 2027 with increase in non-residential construction activities across developing economies.

Major bitumen membrane sheet companies include Soprema International, Total S.A., BASF SE, ARDEX, BOSTIK SA, IKO Group, Fosroc International Ltd., GAF Materials, Tiki Tar, Sika AG, and others.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 20
  • Tables & Figures: 191
  • Countries covered: 20
  • Pages: 200

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