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Bitumen Membranes Market Share

Report ID: GMI3924
Published Date: Nov 2024
Report Format: PDF

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Bitumen Membranes Market Share

Global Bitumen Membranes Company Market Share Analysis, 2023

In 2023, key companies like Derbigum, Sika, Garland, Polyglass etc. held a combined market share of 30-35%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced bitumen membranes that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Bitumen Membranes Market Companies

Major players operating in the bitumen membranes industry are:

Alchimica
Bauder
Derbigum
Exxon Mobil
Fosroc
GAF, Inc.
Garland
Maris
Polyglass
Shell
Sika
Soprema

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for bitumen membrane was reached USD 1.6 billion in 2023 and is estimated to grow at a CAGR of over 7% from 2024 to 2032, driven by the booming construction and infrastructure sectors.

The modified bitumen membranes segment accounted for revenue of around USD 970 billion in 2023 and is estimated to grow at a CAGR of around 7.5% from 2024 to 2032, led by their superior waterproofing properties.

The building structure segment held around 42% of the market share in 2023 and is anticipated to grow at a CAGR of 7.8% during 2024 to 2032, propelled by the increasing demand for effective waterproofing solutions in building applications.

The U.S. bitumen membrane market size crossed USD 340 million in 2023 and is estimated to grow at a CAGR of over 7.5% from 2024 to 2032, driven by the expansion of metropolitan areas and government infrastructure initiatives.

Major players in the bitumen membranes industry include Alchimica, Bauder, Derbigum, Exxon Mobil, Fosroc, GAF, Inc., Garland, Maris, Polyglass, Shell, Sika, and Soprema.