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Bitumen Membranes Market Study: By Grade, Product, Application, Region-Forecasts over 2019-2025
Bitumen Membranes Market
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In terms of application scope, the bitumen membranes market is segregated into non-residential, residential, automotive, and other applications. The non-residential applications are likely to account for substantial bitumen membranes industry demand over the projected timeline due to widespread product utilization in commercial buildings such as malls, office buildings, educational institutes, hospitals etc. Superior waterproofing quality of bitumen membranes offering increased durability is responsible for its growing usage in the non-residential segment.
Company profiled in the bitumen membranes market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Jiangsu Changzhou Xinyuan Waterproof Equipment factory
2. BASF SE
3. Ardex
4. Johns Manville
5. Bondall
6. Soprema International
7. Total S.A.
8. NORDIA S.A.
9. Tiki Tar
10. IKO Group
Asia Pacific region will also create a conducive environment for the growth of bitumen membranes market due to expanding automotive and real estate sector in the emerging nations of the region. Rise in per capita income of the population and urbanization are other factors impelling industry growth in the region.
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Rapidly growing automotive industry is another growth enabling factor for bitumen membranes market. Bitumen membranes are utilized in coating applications of automotive components. Surge in vehicle production in the developing regions due to increasing demand for personal vehicles may further boost product proliferation.
In terms of grades, bitumen membranes market can be classified as APP (abbreviated as atactic polypropylene) and SBS (abbreviated as styrene butadiene styrene). SBS grade segment is likely to showcase an impressive growth rate of above 5.5% over the analysis period. Superior product features, such as dimensional stability, better elongation properties and excellent strength has resulted in inflated demand from the construction industry.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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