Stratview Research has published a new report titled “Bitumen Membrane Market” which is segmented by Grade Type (Atactic Polypropylene [APP] and Styrene-Butadiene-Styrene [SBS]), by Product Type (Sheets [Residential, Non-residential, Automotive, and Others] and Liquid [Residential and Non-residential]), by Application Type (Residential, Non-Residential, Automotive, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, bitumen Membrane Market is likely to witness a CAGR of 5.5% during the forecast period. Major factors such as rapid growth of the construction industry, surge in demand in automotive sector, and easy availability of products are expected to drive the growth of the market. In addition, the rise in urbanization, increase in commercial projects, growing population in India and China are likely to fuel the growth of the market during the forecast period.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the grade type, the market is segmented as APP (Atactic Polypropylene) and SBS (Styrene-Butadiene-Styrene). Atactic Polypropylene (APP) is expected to witness significant growth rate in the market during the forecast period as it provides protection to commercial and residential buildings. APP is widely used for the application of waterproofing such as on the terrace or house roofs, curtain walls, sloping concrete floors, and foundations. Besides, it offers many superior features such as outstanding life expectancy, superior weather tolerance, better usability, remarkable adhesive properties, robust dimensional durability, excellent chemical resistance, and high tolerance to puncturing & mechanical injury which drives the segment’s growth.
Based on the product type, the market is segmented as sheets and liquid. The liquid product type is expected to register high growth rate in the market owing to its environment-friendly properties and easy applicability. Also, its other features such as its ability to dry quickly and excellent adhesiveness, superior abrasion & tear resistance are likely to boost its demand in the market during the forecast period.
Which Region is expected to remain the largest market?
In terms of regions, Europe is the largest market for bitumen membranes, owing to the vast array of bitumen products used in the major roof systems of the region. Europe is likely to maintain its dominance during the forecast period driven by the presence of mature construction and automotive industries in the region. On the other hand, North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Bitumen Membrane Market:
· Soprema International
· BTM
· BMI Group
· IKO Group
· Johns Manville
· Firestone Building Products Company LLC
· Ardex
· Tiki Tar
· Isoltema Group
· Baumerk
· Jiangsu Changzhou Xinyuan Waterproof Equipment factory
· Total S.A.
· BASF SE
· ΝORDIA S.A.
· Bondall.
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