Top 3 trends boosting bitumen membranes market value through 2025

11:36 AM, 28th January 2021
Bitumen membranes are sought-after to prevent the passage of water and have set the trend for waterproofing roofs, below-ground structures, basements and bridges.

With a stable rise in construction activities and subsequent demand for waterproofing and rust proofing gaining an uptick, stakeholders are poised to boost bitumen membranes market size. Bitumen membranes are sought-after to prevent the passage of water and have set the trend for waterproofing roofs, below-ground structures, basements and bridges.

Robust government initiatives have augured well for forward-looking companies vying to expand their footfall. For instance, several construction projects in APAC, Europe and Middle East & Africa have triggered growth in the landscape. Global Market Insights Inc has projected bitumen membranes market size to surpass $3.5 billion by 2025.

The availability of bitumen membranes, ease of installation and low cost provide lucrative growth opportunities for both well-established and emerging companies in the ecosystem. Some of the trends which are touted to help CXOs and other stakeholders to gain a competitive edge in the industry are elucidated below:

Styrene-Butadiene-Styrene (SBS) bitumen membranes to fuel the trend

With a tremendous abrasion resistance and aging stability having elastic and cold flexibility properties, use of styrene-butadiene-styrene (SBS) in sealants, bitumen roofing, paving and coatings, among several others has surged in recent years. Simply put, construction industry will one of the major end-markets and will reap rewards from reliability, strength and durability of SBS, thereby spurring bitumen membranes market value.

End-markets are cashing in on the high resistance to mechanical damage, resistance to hostile weather condition and compatibility with flat roofing applications. SBS has witnessed an impressive demand from automotive sector as an abrasion-resistant replacement for natural rubber.

Trend towards the use of SBS for the production of tire treads and sole of shoes will potentially be witnessed during the assessment period 2019-2025. SBS grade is projected to grow at a robust CAGR of around 5.5 percent through 2025.

Liquid bitumen membrane to gain impetus

Liquid membranes are observing mega-trend in industrial- civil-surfaces, ground walls and for the restructuring of the old waterproofing structure and layers. Liquid bitumen membranes are setting the trend in paint and in a slew of compounds such as silicone resins, cement, acrylic copolymers and asphalt waterproofing agents.

Liquid bitumen membranes have become apt for exposed roofs, roof renovation, roof repair projects and fills in cracks. To put things in perspective, durability, easy and safe application, high compatibility and tremendous waterproofing attributes will continue to be key growth determinants of liquid bitumen membranes during the forecast period.

Europe to remain a happy hunting ground

A sustained demand for bitumen membranes from construction and automotive sectors in India, China and Malaysia will boost APAC bitumen membranes market outlook. Demand for outstanding adhesion to the substrate on a floor roof installation and high resistance to mechanical damage will be noticeable in the region.

Europe will witness traction for bitumen membranes in light of demand for rust-proofing, damp-proofing, crack and joint filing. Traction for excellent water proofing for roofs and growing penetration in automobile sector will make Europe a favorable investment hub.

Europe bitumen membranes market share is likely to be pegged at around 35% during the assessment period 2019-2025, partly attributed to mature construction and automotive sectors.

Get detailed analysis on the Bitumen Membranes Market: https://www.gminsights.com/request-sample/detail/3924

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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