Bitumen Membrane Sheets Market size to reach $3.5 Bn by 2027

Bitumen Membrane Sheets Market size is estimated to surpass USD 3.5 billion by 2027, according to a new research report by Global Market Insights Inc.
 

A bitumen membrane sheet is manufactured by modifying high-quality bitumen with elastomeric or plastomeric polymer additives. As the endurance of bitumen against high and low temperatures is increased by the means of modification with polymeric additives, it can be conveniently applied in cold and hot ambiances. Polymer-modified bitumen liquid is applied over bitumen membrane sheets and felts to provide an additional protection and glaze. The layer helps in providing the necessary chemical and heat resistance, protecting the concrete structure within. Rising waterproofing application is boosting the bitumen membrane sheets market demand.
 

The risk associated with torch applied bitumen membrane sheets has compelled various industry participants toward shelf adhesive SBS. There are a growing number of roofing contractors, architects, consultants, and building owners that are migrating toward shelf adhesive SBS as it is risk-free as compared to torch applied bitumen membrane sheets. This trend is expected to further spur the shelf adhesive SBS method over traditional installation methods. This increase in green technology is also a part of the construction industry trends that will continue.
 

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The construction industry in Latin America continues to be driven by strong industrial growth as the country continues to feed the demand from the U.S. for manufactured goods. Business-friendly government policies and the availability of cheap energy have fueled the wave of international companies setting up operations. The industry will also benefit from extensive free-trade agreements with Canada and the U.S. The growing middle-class population in the region is expected to augment the demand for new housing.
 

Browse key industry insights spread across 200 pages with 154 market data tables & 37 figures & charts from the report, “Bitumen Membrane Sheets Market Size By Grade (SBS, APP), By Application (Residential, Non-residential, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027”, in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/bitumen-membrane-sheets-market
 

Increasing consumption of APP grade bitumen membrane sheets

The APP grade from bitumen membrane sheets market is poised to account for about 25% of the revenue share by 2027. APP bitumen membrane sheets comprise bitumen modified with rubber in the form of Atactic Polypropylene (APP). This product type has a higher melting point compared to the SBS product type. APP bitumen membrane sheets have high compatibility, excellent adhesive properties, high resistance against mechanical damage, puncturing & weather variations, and good chemical resistance. Heat-welding and torching are some of the methods used for applying APP bitumen membrane sheets. This product type is widely used in the waterproofing of curtain walls, roofs or terraces of buildings, and sloping-concrete roofs.

Growth in the residential construction sector

The residential segment from bitumen membrane sheets market will witness around 3.5% CAGR through 2027. The spending on residential construction in the U.S. was over 40% of the overall construction spending and accounted for nearly USD 650 billion in 2020. It can be attributed to the high living standards and higher disposable incomes among the populace in the region.
 

Residential construction spending in emerging economies is rising significantly owing to the growing spending capacity, rising population, and increasing urbanization. These factors will prosper the growth of this application segment in the coming years as bitumen membrane sheets are widely used in waterproofing applications. Furthermore, the rising re-roofing demand in North America and Europe will propel product demand.
 

Asia Pacific to exhibit a steady growth

The Asia Pacific bitumen membrane sheets market is likely to register 6% gains during 2021 to 2027 led by escalating construction activities in the region. India has observed substantial investments in the construction sector due to increasing industrialization, rapid urbanization, rising population, and government initiatives such as AMRUT & Smart City Mission. Additionally, the governments of emerging economies have formulated and implemented various initiatives to promote infrastructure development. This has resulted in huge FDI flowing for various constructional projects.
 

Key companies operating in the industry are BASF SE, Soprema International, BMI Group, IKO Group, Pidilite Industries Limited, Total S.A., Firestone Building Products Company, LLC., ARDEX, Tiki Tar, BTM Group, Johns Manville Corporation, BOSTIK SA, Baumerk, Technonicol Corporation, Bauder GmbH, Fosroc International Ltd., Sika AG, Polyglass U.S.A., GAF Materials, and CertainTeed Corporation. Bitumen membrane sheet producers are engaged in intense research & development activities to meet the growing demand for durable, innovative & cost-effective products, increasing the efficiency of the products.