Liquid Applied Membranes Market Worth 11,244.0 Million USD by 2020
PUNE, India, December 21, 2015 /PRNewswire/ --
The report "Liquid Applied Membranes Market - by Type (Elastomeric, Bituminous, and Cementitious), by End-Use Industry (Residential Construction, Commercial Construction, and Public Infrastructure) and by Region - Global Forecast To 2020", published by MarketsandMarkets, The global liquid applied membrane market is projected to be worth USD 11,244.0 Million by 2020, registering a CAGR of 7.2% between 2015 and 2020.
Browse 83 market Tables and 71 Figures spread through 162 Pages and in-depth TOC on "Liquid Applied Membranes Market"
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This market growth is fueled by the growing construction industry of the Asia-Pacific region, rising demand of energy efficient buildings, rising development strategies, and increasing expansion and acquisition activities.
Elastomeric membranes: The fastest growing type of liquid applied membranes market
Liquid applied elastomeric membranes are single or double component membranes which tend to form a flexible, tough, elastomeric membrane with premium mechanical properties. These membranes are having a wide application in the construction industry for waterproofing and protecting surfaces against abrasion and chemicals. Also, they safeguards minimum maintenance and provide maximum water tightness. These membrane's roofs are durable and moisture resistant. Due to which there is an increase in the demand of elastomeric membranes. The market for elastomeric membranes is projected to be the fastest-growing at a CAGR of 8.6% between the period 2015 and 2020. North America is currently the largest user of elastomeric membranes globally, and the market is further expected to rise due to its growing use in roofing and reroofing applications.
Residential buildings - The largest end-use market of liquid applied membranes
The residential buildings end-use industry is the biggest consumer of liquid applied membranes and accounted for the major share of the market, in terms of value, in 2014. In residential buildings liquid applied membranes are used in various applications including roofing, walls, floors, and basement waterproofing. In North America and Europe mostly elastomeric liquid applied membranes are used in residential buildings, whereas in other regions like Asia-Pacific, and RoW bituminous and cementitious membranes are dominating the roofing & Liquid Applied Membranes Market. With evolving building regulations and increasing construction industry of the Asia-Pacific region, the market of liquid applied membranes in the residential buildings end-use industry is further expected to rise in the forecast period.
Asia-Pacific - The largest market for liquid applied membranes
Asia-Pacific is the largest market for liquid applied membranes, in terms of volume with major developments witnessed in China, India, Japan, and Australia. The Asia-Pacific market accounted for more than one-third of the global liquid applied membranes market size, in terms of volume, in 2014. Asia-Pacific liquid applied membranes market is further expected to rise in the forecast period. Some of the factors which will drive the market of liquid applied membranes in the region are rising population, urbanization, and industrialization along with growing concerns related to infrastructure development and waterproofing in developing nations like China and India.
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Major market players like BASF SE (Germany), Carlisle Companies Inc. (U.S.), Henry Company LLC (U.S), John Manville (U.S.), Kemper System Inc. (U.S.), Pidilite Industries Ltd. (India), Saint Gobain (France), Sika AG (Switzerland), Soprema Group (France), The Dow Chemical Company (U.S.), and W.R Grace and Company (U.S)., and others have adopted development strategies such as expansions, acquisitions, and product developments to achieve growth in the global liquid applied membranes market.
This report covers the market, by value, and by volume for liquid applied membranes and forecasts the market size till 2020. The report includes the market segmentation by type, by end-use industry, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global liquid applied membranes market.
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