The Elastomeric membranes market is expected to reach USD 47.10 billion by 2028 from a size estimated at USD 31.94 billion in 2022, at a CAGR of 8.29% over the forecast period 2023-2028
Elastomeric membranes are waterproofing membranes used to waterproof the roofs of houses and buildings. They are generally made from thermoplastic elastomeric resins, modified bituminous compounds, and a non-woven polyester backing reinforced with glass yarn. Elastomeric membranes are commercially available as traditional elastomeric membranes and self-adhesive elastomeric membranes. The elastomeric membrane is made of thermoplastics, thermosets, or modified bitumen and is widely used in roofing systems in the non-residential sector. Buildings today require advanced roofing systems that can withstand and withstand harsh weather and water conditions. Therefore, the elastomeric membrane becomes the ideal choice due to its durability, moisture resistance, waterproofness, and attractive finish. China's National Development and Reform Commission has cleared infrastructure project construction projects in China and approved the construction of seven projects with a total investment of CNY 485 billion (~ USD 72 billion) in January 2019 Major infrastructure projects in the United States are expected to complete during the forecast period include Baltimore-Washington Airport, Dallas Fort Worth Airport, Columbus Airport, Park. Dreamport Villages attractions, TSX Broadway, etc. The non-residential segment is expected to dominate the global elastomeric membranes market to be the fastest-growing market during the forecast period.
Elastomeric roofs are gaining a widespread reputation as waterproof roofs and are increasingly used in the design of new flat roofs around the world. They are reasonably priced and can have a useful life of 25 to 30 years. Elastomeric membranes have now become an ideal choice for many builders and contractors as they offer excellent waterproofing and require minimal maintenance. They are also increasingly accepted by architecture around the world, as they are increasingly used as a roofing material in countries with extreme temperatures and harsh climates. With the rise in the use of elastomeric membranes for waterproofing underground structures, bridge decks, residential and non-residential buildings, and the rapid repair of road surfaces. The increasing adoption of elastomeric membranes in the building and construction industry and the strong growth observed by the construction industry are expected to drive the global elastomeric membranes market in the forecast period. Buildings today require advanced roofing systems that can withstand and withstand harsh weather and water conditions. Therefore, the elastomeric membrane becomes the ideal choice due to its durability, moisture resistance, waterproofness, and attractive finish. the non-residential segment is expected to dominate the global elastomeric membranes market and is also expected to be the fastest-growing market during the forecast period.
In October 2017, Karnak launched a sustainable membrane sealant air barrier product that offers building envelope protection. This will enhance the building’s energy efficiency by promoting mold resistance.
Strong demand for elastomeric membranes in the construction industry and regulations related to energy optimization are driving the elastomeric membranes market worldwide. The Elastomeric Membranes Market report examines the growth, which is currently increasing owing to the increase in residential and commercial construction activities in the economy. The elastomeric membranes market is expected to be driven by the increase in residential and non-residential construction projects which are driving the growth of the construction industry. In addition, energy optimization regulations are increasing in order to respond to environmental concerns. Since elastomeric membranes such as TPO and EPDM contribute to energy savings, these regulations are expected to drive the market for elastomeric membranes. The growing need for energy optimization, the growth of the construction industry in the world as well as the prevalence of improved infrastructure, the adoption of strict environmental standards and regulations are some of the factors that can improve the growth of the elastomeric membranes market. in the forecast period 2021. -2026.
The increase in water management activities will become the biggest restraint on the growth of the market.
The increased investment in infrastructure development in developing economies will further boost various opportunities leading to the growth of the Elastomeric Membranes market during the forecast period mentioned above.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2023-2028 |
CAGR |
8.29% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America: United States, Mexico, Canada Europe: United Kingdom, Germany, Italy, France Asia Pacific: Australia, Canada, China Latin America: Argentina, Brazil, Chile The Middle East and Africa: Egypt, Iran, Iraq, Israel |
Market Leaders Profiled |
BASF SE, Carlisle Companies Inc., Copernit S.P.A., Firestone Building Products Company, GCP Applied Technologies Inc., Johns Manville, Kemper System, Paul Bauder GmbH & Co. Kg, Soprema Group, Standard Industries Inc., Sika Carlisle Companies Inc., Saint-Gobain, Firestone |
By Type:
The elastomeric membrane sheet membrane type market is the most important due to its superior performance and increasing demand for flat roofs in non-residential buildings. Sheet membranes like TPO and EPDM are widely used to improve the energy efficiency of buildings. The high demand for green roofs in green buildings is expected to lead to the use of laminated membranes. The liquid-applied membrane is the fastest-growing type due to its seamless installation, the convenience associated with its use, and the availability of quality products that are cheaper than laminate membranes.
By Application :
Roofs & Walls is the largest and fastest-growing application in the elastomeric membranes market. The high spending on non-residential projects involving commercial, institutional, and office buildings is expected to drive the growth of the elastomeric membranes for the flat roof market.
By End-use Industry :
The high spending on non-residential projects involving commercial, institutional, and office buildings is expected to drive the growth of the elastomeric membranes for the flat roof market.
The Elastomeric Membrane Market Report includes the segmentation of Regions:
The Asia-Pacific region is expected to be the dominant market for the consumption of elastomeric membranes. This is due to urban infrastructure projects planned in countries such as China, Japan, South Korea, India, and countries in Southeast Asia. The elastomeric membrane is mainly consumed in commercial buildings, shopping malls, roofs, wet areas, etc. In addition, the construction industry in the Asia-Pacific region is expected to experience a CAGR of over 4% during the forecast period, ensuring steady demand. for elastomeric membrane in the Asia-Pacific region. The UN estimates that more than half of Asia's 4.5 billion people will live in cities by 2026. With the growing number of planned cities in Asia, the demand for elastomeric membranes will continue to increase. In addition, China has become the world's largest construction market. As the government plans to focus on improving infrastructure in small and medium-sized towns, the construction industry is expected to maintain continuous growth of around 5% per year.
The availability of various inexpensive alternative materials such as asphalt and gravel and the adverse conditions resulting from the COVID-19 outbreak are hampering the market growth. With the exception of the medical supplies and survival products industries, most industries have been hit hard, and the elastomeric membrane industries have been hit hard as well.
BASF SE
Carlisle Companies Inc.
Copernit S.P.A.
Firestone Building Products Company
GCP Applied Technologies Inc.
Johns Manville
Kemper System
Paul Bauder GmbH & Co. Kg
Soprema Group
Standard Industries Inc.
Sika Carlisle Companies Inc.,
Saint-Gobain, Firestone
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