Bitumen Membranes Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3924
Bitumen Membranes Market size shows the positive growth over 2019 to 2025 owing to the advancement building & construction sector. The product is frequently used in various roofing applications. Upward construction activities in emerging economies due to increasing population is the prime factor for bitumen membranes demand over the recent years. This is mainly due to their constant demand for roofing system to avoid leakages and to move water off the roof. Bitumen membranes are made from organic solutions and possess exceptionally high viscous properties in addition to sticky and waterproof nature, which makes it favorable for various roofing applications. Furthermore, rising demand of rainwater harvesting and water conservation, to meet water needs will upsurge the growth of bitumen membranes during the projected timeframe.
The growing demand for roll roofing in recent years has grown, owing to its economic cost and need for minimal expertise to finish the job. Bitumen membranes usage further extends to other applications that includes damp-proofing, sealing, rust-proofing and joints & crack filings. Bitumen membrane roofing provide various advantages over common roofing systems such as asphalt and gravel. In asphalt and gravel applications, it is hard to form appropriate seals at each seams and connection points. This involves excessive maintenance costs as it results in premature leakage in roofs, whose maintenance and repairing process is hard since it difficult to locate the exact points of leakages. Whereas, bitumen membranes roofing system rectify these points efficiently. The above mentioned factor is expected to drive the product over the forecast period. These factors will directly swell the bitumen membranes market across the globe in the next few years.
Bitumen membranes could lead to fire hazard if installed on wooden surface as extensive sunlight can superheat the entire building which may hamper the product market. This will limit the product production and distribution to some specific regions only. This in turn may impact the bitumen membranes market during the projected timeframe.
By type, bitumen membranes are classified into APP (Atactic Polypropylene), SBS (Styrene-Butadiene-Styrene) and SEBS (Styrene Ethylene Butylene Styrene). Atactic polypropylene is a thermoplastic that is uniformly placed in asphalt, which improves the UV and insulation properties of the roof. Styrene butadiene styrene type bitumen membranes are rubber based polymers, that are mixed with asphalt to endure high temperatures in comparison to APP.
On the basis of application, bitumen membranes market is categorized into water-proofing, sealing, damp-proofing, rust-proofing and joint & crack filling. Rising demand from water-proofing in addition to sealing in roof applications will surge the product demand in the coming years. Moreover, its demand in the metal roofing sector has been swelling substantially owing to its rust proof properties and its ability to joint & fill roof cracks will swell the bitumen membranes market size.
Asia Pacific bitumen membranes market is projected to grow with a significant CAGR owing to rise in building and construction activities to meet the needs of rising population in the region. Increasing disposable income and quality of living in various countries such as China, India and Japan are expected to surge the product market in the region. Whereas, regions like Europe and North America are the largest and prime market for the product due to the vast array of bitumen based products used in the main roof systems of these regions. In Europe, at the time of building compact roof systems the polymer modified membranes are applied onto it as temperature resistant insulation boards. In North America, the bitumen membranes are made with a mineral granule surface and are known by roll roofing. This in turn will fuel the demand for bitumen membranes in roofing applications during the projected timespan.
Some of the main players in the bitumen membranes market share are Shell, Valero Energy Corporation, Exxon Mobil, Icopal, Nynas AB, Bauder group, BTM Group, Tiki tar & danosa, BASF SE, W.R. Meadows, SOPREMA Group, etc.
Bitumen Membranes Market, By Type
- APP (Atactic Polypropylene)
- SBS (Styrene-Butadiene-Styrene)
- SEBS (Styrene Ethylene Butylene Styrene)
Bitumen Membranes Market, By Application
- Joint & crack filling
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Valero Energy Corporation
- Exxon Mobil
- Nynas AB
- Bauder group
- BTM Group
- Tiki tar & danosa
- BASF SE
- W.R. Meadows
- SOPREMA Group
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