Global Elastomeric Membrane Market, By Type (Elastomeric Sheet Membrane, Elastomeric Liquid Applied Membrane), Application (Roofs and Walls, Wet Areas, Underground Construction, Others), End User (Residential Construction, Non-Residential Construction) – Industry Trends and Forecast to 2029.
Elastomeric Membrane Market Analysis and Size
Elastomeric membranes are waterproof materials which are very durable and can resist by the high temperature. The lifespan of elastomeric membrane is about 25-30 years. Increase in Infrastructure and the environmental concerns are expected to drive the market growth rate. The countries such as China and Indonesia are progressively investing in the commercial construction sector, which aids in increasing the growth of the elastomeric membrane market. The increasing urbanization, commercialization and investments in the developed infrastructure by the developing countries will create good opportunity for the growth of the elastomeric membrane market.
Data Bridge Market Research analyses that the elastomeric membrane market is expected to undergo a CAGR of 41.60% during the forecast period. This indicates that the market value, which was USD 158.37 billion in 2021, would rocket up to USD 2559.64 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Elastomeric Membrane Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Elastomeric Sheet Membrane, Elastomeric Liquid Applied Membrane), Application (Roofs and Walls, Wet Areas, Underground Construction, Others), End User (Residential Construction, Non-Residential Construction)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Carlisle Companies Inc. (U.S.), DOW (U.S.), Firestone Building Products Company (U.S.), SOPREMA Group (France), BASF SE (Germany), MBCC Group (Germany), Sika AG (Switzerland), EverGuard TPO Walkway Roll (U.S.), Johns Manville (U.S.), Minerals Technologies Inc. (U.S.), Fosroc, Inc. (U.K.), GCP Applied Technologies, Inc., (U.S.), Mapei S.p.A(Italy), and Renolit SE (Germany) Saint-Gobain (France)
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Market Opportunities
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Market Definition
Elastomeric membrane are waterproofing membrane. This membrane is formed by applying liquid coating on urethane prepolymers which cures the objects by reaction with atmospheric moisture to give a continuous film which is elastic and rubbery. It contains leafing aluminium which offers better U.V. resistance.
Elastomeric Membrane Market Dynamics
Drivers
- Rising renovation and industrial construction
Increasing need for renovation of older residential infrastructure and growing residential construction due to increase in modernization, population and family size are expected to increase the demand of elastomeric membrane and drive the growth rate of the elastomeric membrane market.
- Growing demand of elastomeric membrane roofs
Elastomeric membrane roofs are widely used in the construction industries due to their durability and moisture resistance properties. They also have an attractive finish that offers the roof a polished, sparkling look. White elastomeric roof membrane is gaining higher popularity. Now, this membrane is mandatory in some regions and cities and regions. The growing demand for elastomeric membrane roofs is expected to drive the market's growth.
- Mounting adoption of liquid applied membrane
The increase in the adoption of liquid-applied membrane because of its fully-bonded, monolithic, liquid-based coating properties which are suitable for waterproofing applications. The liquid-applied membrane coating protect the surface by the formation of rubber-like elastomeric membrane due to this it can be applied over several substrates, including bitumen, asphalt and concrete. The rising adoption of adoption of liquid applied membrane are expected to increase the demand of elastomeric membrane in the market.
Opportunities
- Rising demand for environment friendly and sustainable elastomeric membrane
There has been increased demand for eco-friendly and sustainable materials across the globe. Additionally, the few guidelines presented by the Environment Protection Agency (EPA) to empower asbestos in roofing materials and decrease the carbon impressions have generated lucrative opportunities for the growth of the elastomeric membrane market. For instance, as per the U.S. Green Building Council, Buildings produce contamination both straightforwardly and in a roundabout way, addressing 39% of carbon dioxide discharges.
- Awareness and Replacement
The rising awareness due to strict government rules and regulations about the use of elastomeric membrane in construction industries will further create the immense opportunities to the elastomeric membrane market players during the forecast period of 2022 to 2029.
Moreover, the extensive range of application of elastomeric membrane in construction, infrastructure and other sectors will further increase the opportunities for the growth of the elastomeric membrane market.
Restraints/Challenges
- High cost associate with raw material of elastomeric membrane
Volatility in costs of elastomeric membrane is the major restraining factor which obstruct the growth rate of the elastomeric membrane market. Instability in raw material prices can limit the demand for elastomeric membrane in the market.
Additionally, availability of alternatives due to research and development activities is also expected to restrain the market value during forecast period of 2022-2029.
This elastomeric membrane market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the elastomeric membrane market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Elastomeric Membrane Market
The outbreak of coronavirus had a negative impact on the elastomeric membrane market. As a result of this pandemic, the government has imposed stringent regulation throughout the globe which has affected the growth of the elastomeric membrane market. The primary users of elastomeric membrane, such as construction industries, have also shut down their operation, resulting in a global decline in elastomeric demand. Also, the majority of raw materials providers in this market had to close down their operations which has majorly affected the market during this pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In December 2020, Sika AG extended its cooperation with CiDRA Concrete Systems Inc., headquartered at Eden Prairie, Minnesota. This partnership completed a growth equity investment to supplement the existing global relationship. CiDRA Concrete Systems Inc., specializes in IoT-based digital systems to observe concrete activities during transport. Sika and CiDRA will now be extended to other countries so that concrete manufacturers outside Canada and the US can also access this service.
Global Elastomeric Membrane Market Scope
The elastomeric membrane market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Elastomeric Sheet Membrane
- Elastomeric Liquid Applied Membrane
Application
- Roofs and Walls
- Wet Areas
- Underground Construction
- Others
End User
- Residential Construction
- Non-Residential Construction
Elastomeric Membrane Market Regional Analysis/Insights
The elastomeric membrane market is analysed and market size insights and trends are provided by country, type, application and end user as referenced above.
The countries covered in the elastomeric membrane market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the elastomeric membrane market during the forecast period due to the rising development of non-residential sector in this region
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to growing urbanization along with increasing need of energy efficient building in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Elastomeric Membrane Market Share Analysis
The elastomeric membrane market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to elastomeric membrane market.
Some of the major players operating in the elastomeric membrane market are:
- Carlisle Companies Inc. (U.S.)
- DOW (U.S.)
- Firestone Building Products Company (U.S.)
- SOPREMA Group (France)
- BASF SE (Germany)
- MBCC Group (Germany)
- Sika AG (Switzerland)
- EverGuard TPO Walkway Roll (U.S.)
- Johns Manville (U.S.)
- Minerals Technologies Inc. (U.S)
- Fosroc, Inc. (U.K.)
- GCP Applied Technologies, Inc., (U.S.)
- Mapei S.p.A(Italy)
- Renolit SE (Germany)
- Saint-Gobain (France)
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