CHICAGO, May 14, 2024 /PRNewswire/ -- The
report "Liquid-Applied Membrane Market by Type
(Elastomeric, Bituminous, Cementitious), Application (Roofing,
Walls, Building Structures, Roadways), Usage, End-Use Industry
(Residential Construction, Commercial Construction), and Region -
Global Forecast to 2029", is projected to reach USD 32.1 billion by 2029, at a CAGR of 5.9% from
USD 24.1 billion in 2024.
The major factors propelling the liquid-applied membrane market
include the increasing spending on infrastructure development and
the rising use of waterproofing membranes. The growing need for
energy-efficient buildings and rising demand for green roofs will
likely create opportunities for manufacturers. However, the
availability of substitutes, such as sheet membranes, for
large-scale and open surfaces may restrict market growth. The
liquid-applied membrane market in emerging economies presents
substantial growth opportunities driven by rising demand,
technological advancements, and favorable regulatory environments.
Despite these promising prospects, challenges persist, including
the high membrane cost and raw material shortages. Notable
contributors to market growth in emerging economies include
China, India, Indonesia, and South
Korea.
Browse in-depth TOC on "Liquid-Applied Membrane
Market".
285 – Tables
55 –
Figures
254 – Pages
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"Elastomeric membranes is projected to be the fastest growing
type, in terms of value, during the forecast period."
Elastomeric liquid-applied membranes have exceptional durability
and longevity, offer long-term safeguarding against weathering, UV
exposure, and environmental elements. This properties mak them
ehighly desirable for a wide range of construction needs.
Additionally, certain formulations of elastomeric membranes
integrate reflective properties, which helps in diminishing heat
absorption, thereby reducing cooling expenses for buildings. This
energy-efficient characteristic adds to their increasing
favorability in construction projects aimed at sustainability and
cost savings.
"Building structures segment is the second fastest growing
segment by application, in terms of value, during the forecast
period."
Builders and developers are recognizing the critical importance
of waterproofing in building structures to prevent water damage,
mold growth, and structural degradation. Liquid-applied membranes
emerge as highly effective solutions for these concerns.
Furthermore, as building codes and regulations increasingly mandate
the use of waterproofing materials, especially in moisture-prone
regions, liquid-applied membranes become a preferred choice for
meeting regulatory requirements due to their proven effectiveness.
These membranes offer versatility and reliability, catering to
various building types and addressing diverse waterproofing needs.
Additionally, they provide a cost-effective solution compared to
traditional methods such as sheet membranes or cementitious
coatings. This combination of factors significantly drives the
market for liquid-applied membranes in building structures.
''Refurbishment is fastest growing segment on the basis of
usage, in terms of value, during the forecast period."
LAMs are extensively used in refurbishment projects, primarily
due to their seamless, joint-free, and waterproofing properties,
offering an efficient means to extend the lifespan of roofs without
the need for costly replacements. LAMs possess elastomeric
properties meticulously selected to withstand significant stress,
offering superior flexibility and effectively reducing the
likelihood of cracks by accommodating structural movements. These
qualities make liquid-applied membranes indispensable in
refurbishment projects, delivering reliable and long-lasting
solutions to rejuvenate and safeguard existing structures.
Liquid-applied membranes provide refurbished structures with
enduring waterproofing protection, ensuring reliability over an
extended period.
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''Commercial construction is the second-fastest growing
segment on the basis of end-use industry, in terms of value, during
the forecast period."
Liquid-applied membranes play a vital role in commercial
construction, particularly for roofing systems, where they are
extensively utilized. These membranes are applied onto roofs to
establish seamless, flexible, and waterproof layers, providing
buildings with protection against water infiltration and
weather-induced damage. Liquid membranes are adaptable and can
effectively waterproof flat, sloped, or intricate roofs by
conforming closely to the surface. Additionally, in commercial
construction projects, liquid-applied membranes find application in
plaza decks, parking structures, balconies, and exterior walls. The
escalating population growth and the growing requirement for
commercial infrastructure are anticipated to fuel the demand for
diverse types of commercial buildings, consequently driving the
need for Liquid-applied membranes (LAMs).
"Asia Pacific accounted
largest market on the basis of region for liquid-applied membrane
during the forecast period, in terms of value."
Asia Pacific accounted for the
largest share in the liquid-applied membrane market in 2023. In the
Asia Pacific region, advancements
in liquid-applied membrane technologies are driving the development
of more efficient and environmentally friendly products, thereby
fueling market growth. The substantial investment opportunities and
conducive business climates in countries such as China, India,
and Singapore are incentivizing
market players to extend their operations in the region,
consequently fueling the expansion of the liquid-applied membrane
market. Additionally, significant urbanization in the Asia Pacific region is resulting in a notable
increase in construction projects spanning residential, commercial,
and industrial buildings, intensifying the demand for
liquid-applied membranes to address waterproofing needs.
New product launches and expansions are the major growth
strategies adopted by the key players in the market. The key global
players in the liquid-applied membrane market include are Sika AG
(Switzerland), MAPEI S.p.A.
(Italy), SOPREMA (France), Fosroc, Inc. (UAE), Saint-Gobain
Weber (France), H.B. Fuller (US),
Wacker Chemie AG (Germany), Bostik
(France), GCP Applied Technologies
Inc (US), and Ardex (Germany)
among others.
Browse Adjacent Market: Membranes Market Research Reports
& Consulting
Related Reports:
Liquid-Applied Membrane Market - Global Forecast to
2029
Waterproofing Membranes Market - Global
Forecast to 2024
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