Bitumen Membrane Sheets Market Analysis

Bitumen Membrane Sheets Market Analysis

The SBS grade segment is poised to witness a demand of over 2,300 kilo tons by 2027. SBS bitumen membrane sheets comprise synthetic rubber-modified bitumen in the form of Styrene- Butadiene- Styrene (SBS). This product type has superior characteristics in terms of serviceability range, low-temperature flexibility, elongation, dimensional stability, and strength. Some SBS grades also show self-adhering capability owing to the adhesive backing in its composition. The shape-retention ability of SBS bitumen after being stretched makes it suitable for applications such as bitumen roofing, sealants, and coating. Cold adhesives, hot asphalt mopping, and torching are some of the common methods to install SBS-modified bitumen membrane sheets.

The bitumen membrane sheets market from non-residential application is anticipated to generate around USD 2.5 billion by 2027. Construction spending on non-residential construction has increased substantially over the last few years. In developing economies, non-residential construction activities are majorly led by robust industrialization, the rising demand for industrial infrastructure, development in the standard of living, and public & private investments.
 

In the Middle East countries, such as Saudi Arabia and the UAE, the spending on commercial construction has improved significantly due to the increasing number of tourists in the region. Asia Pacific region have become global manufacturing hub with countries like China, India, Malaysia, among others enhancing rapid industrialization. Asian countries are observing influx of FDI and rising presence of international companies. This will drive construction in non-residential sector, subsequently propelling product demand.
 

The North America bitumen membrane sheets market is predicted to account for above 20% of the revenue share by 2027. The regional industry will be majorly fueled by the U.S. on account of growing expenditure on the construction industry. The development of new houses has compelled new home buyers to explore suburban areas, which will have a positive impact on the market revenue. The government is also expected to spend heavily on the construction industry to boost the economy, giving the residential sector the necessary impetus for growth. The increasing repair and maintenance activities will further augment the regional market share.