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Liquid Applied Membranes (LAM) Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI3926

Liquid applied membranes (LAM) market size is anticipated to show notable traction between 2021 to 2027 due to increasing government spending on infrastructure development and the flourishing construction sector worldwide. The surging need for water management activities has led to growing investments in urban infrastructure development and the construction of bridges, dams, power, and roads.
 

Some of the other factors influencing the industry dynamics include increasing emphasis on repairing and renovating the aging infrastructures, rising number of roof restoration projects, and growing instances of R&D activities by various manufacturers.
 

Liquid applied membranes are monolithic, and fully bonded liquid-based coatings that are suitable for various waterproofing and roofing applications. They are increasingly preferred over other waterproofing membranes to offer superior scratch and water resistance, long-term weathering, optimum load-bearing capacities, and high water vapor permeability.
 

Demand for cementitious liquid applied membranes will exponentially rise with growing adoption to protect building constructions from aggressive chemicals. These membranes are extensively utilized to safeguard outer surfaces and structural components of buildings against moisture and water. Growing penetration in waterproofing of water tanks & wet rooms along with the rising focus on less sophisticated technologies and easy maintenance will favor the segment growth.
 

Liquid applied membranes (LAM) market revenue from roofing applications will gain appreciable proceeds through 2027 with surging obligation for rapid curing, easy & safe application, durability, and excellent adhesion. The rise in innovations across the construction sector has given rise to amplified need for roof restoration and repair. Increasing product adoption in remedial roofing applications to provide solid and long-lasting solutions given its considerable weatherproofing capacities and higher need for waterproofing of concrete roofs will act as potential drivers for the market development.
 

Based on end-use, the Liquid applied membranes (LAM) market share from the residential sector will grow with the expanding population and increasing requirement for affordable houses. The surge in number of favorable investments and government initiatives has led to the surge in the count of residential projects. The growing necessity for enhancing the waterproofing capacities and improving the overall structure of residential buildings has resulted in higher spending on the construction of energy-efficient residential buildings. The thriving need for replacing demolished properties is another ideal factor for the industry progression.
 

Geographically, North America will record higher adoption of liquid applied membranes owing to the surge in the number of housing projects and the soaring underground water construction requirements. The higher disposable incomes and the incessant need for improved infrastructure have made way for increased infrastructural spending. The strong presence of aging infrastructure and growing popularity of green roofs and buildings in the region will also influence the market growth.
 

The Liquid applied membranes (LAM) market comprises the presence of various participants, including McConnell Roofing, GAF Materials Corporation (Standard Industries), Henry Company (Carlisle Companies), H.B. Fuller Construction Products Inc. (H.B. Fuller), W.R. Meadows, Key Resin Company (Euclid Chemical), Sika Corporation, Soprema (SOPREMA S.A.S.), Saint Gobain, Applied Membranes, Inc., and Bostik.

 

Inorganic strategic measures, including acquisitions, partnerships, and capacity expansions coupled with several other marketing initiatives, including R&D investments are increasingly adopted by these industry participants for sustaining competition and expanding their global presence.
 

For instance, in August 2021, Sika acquired Bexel Internacional S.A. de C.V., a well-known Mexico-based building finishing mortar firm, to reinforce its distribution network and building finishing portfolio in Mexico, while offering interesting cross-selling opportunities for liquid applied membranes, sealants, adhesives, and waterproofing products.
 

Effect of the COVID-19 pandemic on Liquid applied membranes (LAM) market forecast

In response to the COVID-19 crisis, the demand for several types of liquid applied membranes witnessed stunted growth considering the imposition of several restrictions on travel and commutations, which brought the dearth of raw materials. The influx of nationwide lockdown policies made way for halted operational activities mainly across the construction sector, further causing delays in projects. However, with these barriers considerably lifted in recent times, the market forecast is set to pick up significant steam in the coming years.
 

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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