Liquid Applied Membranes (LAM) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3926
Liquid Applied Membranes Market Size will experience promising growth in Asia Pacific owing to consistently rising product demand from construction industry over the forecast timeframe. It consists of rubber materials which are combined with emulsified asphalt. The resulting material when applied on a surface forms a monolithic membrane. The coatings which are conventionally used in waterproofing applications form a film over the surface. However, LAM forms a seamless membrane and provide instant weatherproofing/waterproofing capability. Additionally, it exhibit low VOC level, excellent adhesion; superior elongation & recovery; and low application cost. According to the International Energy Agency, China is the key cement producer, which accounts for almost 60% of the global production. It is trailed by India at 7% and projects positive growth in the annual cement production till 2030. These trends signifies the continuous construction activity in the region, simultaneously, propelling the liquid applied membranes market size in the coming years.
The inconsistent coverage of liquid applied membranes over the surface is observed to cause liquid seepage in the surface, which is likely to hinder the market size in the coming years. However, the growing variants in application mechanism and material may lower instances of incomplete coverage and thus likely to generate ample opportunities for the overall liquid applied membranes market size by 2025.
According to the type of liquid used, LAM market size is segmented into bitumen, polyurethane, cement, poly (methyl methacrylate) (PMMA) and others. Polyurethane liquid segment is projected to grow considerably over the forecast timeframe. This is mainly due to its low-cost resins which are compatibly to be used for a number of indoor and outdoor surfaces such as terraces, roof decks, bathrooms, roof gardens, plant rooms and plazas. It provides superior abrasion, UV, thermal, chemical, and mechanical resistance. This LAM type possess high elasticity and rapid curing, which is utilized in structural crack bridging and have proven to sustain for 30 years and to provide an additional 10 to 15 years on reinforcement.
Based on the application, liquid applied membrane market size include roofs, floors, walls, and others. Roof application is estimated to grow significantly over the forecast timeframe. With growing climate change, the concept of energy efficient building is taking hold in tropical countries of Asia Pacific. Ergonomic roof utilization is increasing over the global residential and commercial buildings. Green roof construction is slowly growing in Asia Pacific and North America. In high-income localities of mentioned regions, rooftop terraces will be preferred more in the coming future. Conventionally, bituminous and cementitious membranes are used for roofing application. However, liquid applied membranes, especially, the polyurethane type, show the superior result in terms of ease of application, flexibility and fastest curing time. On account of these developments, the liquid applied membranes market size is likely to grow in the coming future.
The end user segment of liquid applied membrane market includes commercial, residential and non-residential sector. Government spending on public infrastructures such as hospitals, nurseries, senior citizens homes, and schools is growing rapidly especially in emerging economies. These old and new infrastructure activities will in turn drive demand for waterproofing/weatherproofing solutions, and thereby resulting in driving the LAM market size over the forecast period.
Asia Pacific will be the prime demand driving markets for LAM market in the coming years. This is majorly attributed to the new construction activities in China, India, and Thailand, which will drive product demand in the coming years. Additionally, increased individual spending has spurred new residential construction in the region. According to the Asia Development Bank, Asia Pacific is projected to double its global gross domestic product (GDP) to 52% by 2050. It will include rapid expansion of infrastructure projects. These trends are likely to make effective contribution to the overall liquid applied membrane market size in the upcoming years.
The companies functioning in liquid applied membrane share are McConnell Roofing, Bostik, SOPREMA, SIKA CORPORATION, Applied Membranes, Inc., Henry Company, GAF Materials Corporation, Saint Gobain, W.R. Meadows, H.B. Fuller Construction Products Inc., and Key Resin Company.
Liquid Applied Membranes (LAM) Market, By Type, 2014-2025 (Tons) (USD Million)
- Poly (methyl methacrylate) (PMMA)
Liquid Applied Membranes Market, By Application, 2014-2025 (Tons) (USD Million)
Liquid Applied Membranes Market, By End-user, 2014-2025 (Tons) (USD Million)
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- McConnell Roofing
- SIKA CORPORATION
- Applied Membranes, Inc.
- Henry Company
- GAF Materials Corporation
- W.R. Meadows
- H.B. Fuller Construction Products Inc.
- Key Resin Company
- Saint Gobain
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