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Liquid Applied Membranes Market Trends, Top Companies, Share, Growth And Forecast 2033
Liquid Applied Membranes Market
According to The Business Research Company's, The liquid applied membranes market size has grown strongly in recent years. It will grow from $18.89 billion in 2023 to $20.43 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to infrastructure development, waterproofing requirements, increased construction activities, awareness of building envelope integrity, expansion of commercial and industrial sectors.
The liquid applied membranes market size is expected to see strong growth in the next few years. It will grow to $26.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to urbanization and population growth, focus on sustainable construction, advancements in materials science, retrofitting of aging structures, emerging markets and infrastructure investments. Major trends in the forecast period include sustainable and eco-friendly solutions, polyurethane technology, innovation in application techniques, integration with green roofs and living walls, digitalization in membrane solutions.
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Market Drivers and Trends:
Increasing construction in the residential and commercial sectors is driving the liquid-applied membrane market going forward. Residential construction refers to building homes or other living spaces for people to reside in. Commercial construction refers to the process of building structures that are designed for commercial purposes. Liquid-applied membranes are a great way of waterproofing and are used in construction processes to strengthen and strengthen systems. For instance, in April 2023, according to the reports shared by the United States Census Bureau, a US-based government agency, the overall value of residential and non-residential constructions in US increased by over 8 % between 2020 and 2021. Furthermore, in March 2023, according to the United States Census Bureau, a US-based principal agency of the federal statistical system, the number of privately owned housing units approved by building permits in February was 1,524,000 on a seasonally adjusted yearly basis. This is 13.8% more than the January rate, which was corrected to 1,339,000. Therefore, the increasing construction in the residential and commercial sectors is driving the liquid-applied membrane market forward.
Product innovations are a key trend gaining popularity in the liquid-applied membrane market. Major companies operating in the liquid-applied membrane market are introducing innovative products such as Polyurea WH 100 to sustain their position in the market. For instance, in November 2021, Fosroc International Ltd, a UAE-based construction chemicals company launched Polyurea WH 100 with multiple benefits for waterproofing solutions and applications. The launch of Polyurea WH 100 supports the growth and development of the liquid applied membranes market by meeting the increasing need for creative and practical waterproofing solutions. This solution is applied by hand and uses polyurea technology to offer benefits for a variety of roof waterproofing applications.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Dow Inc.; Fosroc International Limited; GAF Materials Corporation; Kemper System Inc.; Mapei S.p.A.; Pidilite Industries Limited; Sika AG; CICO Technologies Limited; BASF SE; SOPREMA S.A.S.; Saint-Gobain Corporation; H.B. Fuller Construction Products Inc.; Johns Manville Corporation; Henkel Polybit LLC; ISOMAT S.A.; MBCC Group; GCP Applied Technologies Inc.; Carlisle Companies Inc.; Firestone Building Products; Mule-Hide Products Co. Inc.; Tremco Incorporated; Garland Industries Inc.; Polyglass Inc.; IKO Industries Ltd.; Derbigum Americas Inc.; Karnak Corporation; Polycoat Products; Western Colloid Roofing Systems; American Hydrotech Inc.; Henry Bakor Inc.
Liquid Applied Membranes Market 2024 Key Insights:
• The liquid applied membranes market will grow to $26.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
• Robust Growth In Residential And Commercial Construction Fuels Surge In Liquid-Applied Membrane Market
• Fosroc International Introduces Polyurea Wh 100 In The Liquid-Applied Membrane Market
• Asia-Pacific was the largest region in the liquid applied membrane market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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