Press release
Bitumen Membranes Market to cross USD 3.5 billion mark by 2025 | BASF, Soprema International, BMI Group, IKO Group, Johns Manville, Total
Bitumen Membranes Market
Expanding real estate sector coupled with government initiatives to build and develop infrastructure across emerging economies is likely to drive global bitumen membranes market. In the construction sector bitumen membranes are widely utilized due to unique product properties, including waterproofing and rust proofing. They also provide protection to concrete structures against moisture and extreme weather conditions, hence increasing durability of the infrastructure.
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Initiation of smart city projects in line with the infrastructural development programs across various regions will also boost bitumen membranes market growth. For instance, programs initiated by Indian government, such as AMRUT (Atal Mission for Rejuvenation and Urban Transformation) and smart city projects in major cities of the country are aimed at improving the rural and urban infrastructure along with the living standards of the regional population.
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.
Company profiled in the bitumen membranes market report based on Business overview, Financial data, Product.
1. BASF SE
2. Soprema International
3. BMI Group
4. IKO Group
5. Johns Manville
6. Firestone Building Products Company, LLC
7. Ardex
8. Tiki Tar
9. Isoltema Group
10. Baumerk
11. Jiangsu Changzhou Xinyuan Waterproof Equipment factory
12. Total
13. BTM
14. ORDIA S.A.
15. Bondall
In terms of grades, bitumen membranes 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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On the basis of product type, the bitumen membranes market is categorized into liquids and sheets. Liquid bitumen membranes are witnessing massive demand from the construction industry due to their excellent waterproofing properties, superior performance in varying temperature conditions, and compatibility with wet substrates.
In terms of application scope, the industry is segregated into non-residential, residential, automotive, and other applications.
The non-residential applications are likely to account for substantial bitumen membranes market 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.
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Main Features of the Global Market Research Report:
The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.
-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.
-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global bitumen membranes industry.
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