Bitumen Membranes Market Size, Revenue Growth Trends, Company Strategy Analysis, 2021–2027

 


The global bitumen membranes market is expected to reach USD 3.74 billion by year 2027, at a CAGR of 4.8%. according to a new report by Reports and Data. Bitumen membranes were designed to cover industrial and residential buildings. They're constructed of extremely viscous, elastic, and water-proof organic liquids. On nearly flat or level roofs, bitumen membranes are used as a roofing device to prevent any leaks and to move water off the roof. Bitumen membranes are used for extensive applications, including humidifying, water-proofing, binding, rust-proofing, joint filling, and crack forming. Road expansion and rebuilding of current infrastructure, including buildings and bridges, are several main places where the demand for commodities is projected to rise steadily. Rising demand from the building sector has driven product production. Increasing government requirements due to environmental legislation coupled with low-cost roofing systems are significant factors in roofing applications that drive demand for polymer-modified bitumen (PMB). Excellent longevity, flood resistance, and high-temperature tolerance have culminated in an enhanced need for PMB.

The market will dominate by the grade of Atactic Polypropylene (APP). APP is commonly used for the application of water-proofing on the terrace or house roofs, curtain walls, sloping concrete floors, foundations, etc. Ios has many superior features such as usability, excellent life expectancy, superior weather tolerance, strong dimensional durability, outstanding adhesive properties, high tolerance to puncturing & mechanical injury, excellent chemical resistance, etc. Growing usage of the Device grade would accelerate the growth of this segment in the construction industry.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3454

With the integration of thermoplastic polymers with oxidized or straight-run bitumen and a mineral filler, modified bitumen membranes are prepared. A polyester mat or fiberglass is coated on the mixture. Water-proofing devices produced from these materials are constructed from polymer-modified bitumen sheets with a simple base layer. On construction sites, these sheets are laminated together.

Further key findings from the report suggest

  • Based on the grade, Styrene-Butadiene-Styrene generated a revenue of USD 0.81 billion in 2019 and believed to rise with a CAGR of 4.9% in the forecast period as it improves bitumen's resistance to chemicals and aging and gives it rubber-like properties coupled with the rising demand for roll roofing.
  • It is expected that the increasing need to provide cost-effective solutions for roofing applications will influence the growth of the bitumen industry over the forecast period. Increasing worldwide demand for water-proofing solutions is projected to propel growth. It is anticipated that the intervention of various government policies such as FDI will drive the construction industry. The rising practice of utilizing paving strategies like micro-surfacing on high traffic roads leads to demand for PMB.
  • The non-residential application is the major contributor to the Bitumen Membranes Market. The non-residential sectors of Europe region are the major shareholder of the market and held around 52.2% of the market in the year 2019, due to the substantial commodity demand for numerous construction ventures such as malls, office buildings, educational establishments, hospitals, etc. to provide the water-proofing needed for walls, terraces, etc.
  • Europe dominated the market for Bitumen Membranes in 2019, due to the existence of large buildings and automobile sectors broadly used in the construction sector. Europe region held approximately 34.9% of the market, followed by the Asia Pacific, which contains around 27.7% market in the year 2019.
  • Key participants include Jiangsu Changzhou Xinyuan Waterproof Equipment Factory, Soprema International, Firestone Building Products Company LLC, Isoltema Group, Indian Oil Corporation, BASF SE, Johns Manville, BMI Group, Tiki Tar, and IKO Group, among others.

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/3454

For the purpose of this report, Reports and Data have segmented into the global Bitumen Membranes market on the basis of grade, product, application, and region:

Grades Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Atactic Polypropylene (APP)
  • Styrene-Butadiene-Styrene (SBS)
  • Styrene-Ethylene-Butadiene-Styrene (SEBS)

Product Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)

  • Sheets
  • Liquid

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

  • Residential
  • Non-Residential
  • Automotive
  • Others

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/bitumen-membranes-market

Benefits of Global Bitumen Membranes Market Report:

·       Comprehensive analysis of the changing market dynamics

·       A futuristic outlook on different factors influencing the market

·       An 8-year forecast of the market growth and expected revenue growth

·       Ease of understanding of the market, key segments, and their future growth

·       In-depth analysis of the competitive landscape to give an advantageous edge for the companies

·       Extensive insight into the market with in-depth analysis of the segmentation

Thank you for reading our report. For further queries or inquiries about customization, kindly connect with us to know more. Our team will ensure the report is tailored according to your needs.

Browse Related Reports:

Waterstops Market Demand - https://www.reportsanddata.com/report-detail/waterstops-market

Ceramic Wall Tiles Market Size - https://www.reportsanddata.com/report-detail/ceramic-wall-tiles-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W.

Head of Business Development

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Reports and Data | Web: www.reportsanddata.com

Comments

Post a Comment

Popular posts from this blog

Industrial Boiler Market Size, Share, Key Players, Growth Trend, and Forecast, 2021–2026

Image
  The Global Industrial Boiler Market research study takes a comprehensive approach towards studying the key trends influencing the growth of this sector. The report comprises data that offers an in-depth insight into the business sector. The research report focuses on the changes and progress in the business sphere due to the recent COVID-19 pandemic. A detailed outline of the Industrial Boiler market size is offered in the report with respect to the valuation and volume along with the market dynamics and scenario. The report also evaluates the latest market scenario and is updated with the latest changes in the economic scenario of the market due to the COVID-19 pandemic. The report evaluates the current market scenario along with the impact of the COVID-19 pandemic on the present and future scenarios. Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1688 Key Manufacturers in the Global Industrial Boiler Market: Bharat Heavy Electricals Limit...
Read more

Global Autonomous Cars Market Growth Prospects, Latest Trends, Analysis and Forecast 2027 – Audi AG; Daimler AG; BMW AG; Ford Motor Company; and more

Image
  Global Autonomous Cars Market Report The ‘ Global Autonomous Cars Market Insights, Forecast to 2027’ offers a comprehensive evaluation of the Autonomous Cars market on the global scale and sheds light on the growth opportunities and prospects to help readers formulate strategic plans. The report also offers relevant and useful information to help the new entrants and established companies strengthen their market position and formulate strategic approaches to gain a robust footing in the market. The report offers information on the overall market trends and analyzes historical data to offer accurate forecast estimations. The report also provides insightful data about market capacities, technological advancements, R&D developments, and other key features. The report is furnished with the latest market scenario and financial condition pertaining to the after-effects of the COVID-19 pandemic. The report assesses the impact of the COVID-19 pandemic on the Autonomous Cars mar...
Read more

Flat Steel Market Size, Product Trends, Key Companies, Revenue Share Analysis, 2021–2027

Image
  The global  Flat Steel Market  is forecast to reach USD 657.90 Billion by 2027, according to a new report by Reports and Data. An increase in demand for materials that offer a significant reduction in automotive weight for fuel-efficient vehicles is expected to accelerate the growth of the flat steel market over the projection period. Various government initiatives supporting the development of sustainable and efficient transportation solutions have allowed manufacturers to incorporate flat steel products into the development of automotive components, which is likely to stimulate market expansion. Fluctuations in commodity prices are expected to hinder market growth on schedule. Besides, the reduced availability of raw materials such as iron ore is expected to negatively affect steel production in various economies, including China and India, which should dampen growth in the flat steel market. The demand for new residential and commercial infrastructure in Europe s...
Read more