Press release
Commercial Single-ply Membrane Market Reach USD 3744.26 Million. by 2032: Growth Projections and Key Drivers
Commercial Single-ply Membrane Market
The global Commercial Single-Ply Membrane Market is poised for significant growth, projected to expand from USD 2.3 billion in 2024 to approximately USD 3.74 billion by 2032, reflecting a robust CAGR of 7.82% during the forecast period. This surge is attributed to the escalating demand for energy-efficient roofing solutions, rapid urbanization, and strategic mergers and acquisitions across key regions.
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►Competitive Landscape
The Commercial Single-Ply Membrane Market is characterized by intense competition, with key players focusing on innovation, strategic partnerships, and geographic expansion. Prominent companies include GAF, Duro-Last Inc., Carlisle SynTec Systems, Dow Roofing Systems LLC, Kingspan Group, Owens Corning, Johns Manville, Baker Roofing Company, Bauder, and Firestone Building Products. These companies are investing in research and development to introduce advanced roofing solutions that meet evolving customer demands and regulatory standards.
►Regional Insights
♦ Growth and Innovation in the United States
The United States continues to lead the Commercial Single-Ply Membrane Market, accounting for 35% of global revenue in 2023. The market's expansion is fueled by stringent building codes emphasizing energy efficiency and sustainability. Notably, Holcim's acquisition of Duro-Last in 2023 for USD 1.29 billion has significantly bolstered its roofing portfolio, adding USD 540 million in net sales and enhancing its presence in the U.S. market. Additionally, IKO Commercial has expanded its footprint in New York by appointing Building Envelope Solution Technologies Inc. (BEST) and MPDL Roofing as exclusive independent sales agencies, aiming to enhance distribution capabilities in the region.
♦ Opportunity and Expansion in Asia Pacific
Asia Pacific emerges as the fastest-growing region, projected to grow at a CAGR of 7.5% during the forecast period. This growth is driven by rapid urbanization, infrastructure development, and increasing adoption of sustainable building practices. In India, Owens Corning expanded its manufacturing facility dedicated to single-ply roofing products in 2023, responding to rising demand in the region. Furthermore, Tremco CPG India inaugurated a manufacturing facility in Rajasthan in 2022 to address the increasing demand for construction products in the South Asian market.
Pharmaceutical companies are expanding their presence in this region through strategic collaborations and partnerships to tap into the growing market potential.
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♦ Trends and Sustainability in Europe
Europe holds a significant share of the market, contributing 30% of global revenue in 2023. The region's growth is propelled by stringent environmental regulations and a strong emphasis on sustainable construction practices. In 2023, Holcim acquired Flachdach Technologie GmbH (FDT), enhancing its expertise in thermoplastic roofing systems and solidifying its position in the European market for high-performance and sustainable roofing materials. Additionally, regulatory standards like the Construction Products Regulation (CPR) and DIN EN 13956 have accelerated the shift towards thermoplastic polyolefin (TPO) and polyvinyl chloride (PVC) membranes, which consistently meet high fire ratings and environmental standards.
♦ Consolidation and Resilience in the Middle East and Africa
The Middle East and Africa region is experiencing steady growth, contributing 7% to the global market revenue in 2023. The demand is primarily driven by the construction boom and the need for durable, energy-efficient roofing systems to withstand extreme weather conditions. In Dubai, the Al Sa'fat Green Building Rating System mandates single-ply membranes to endure temperatures exceeding 50°C without shrinkage, leading to a preference for reinforced PVC membranes with UV stabilizers, which accounted for 89% of installations in Dubai's industrial sector as of 2023. Moreover, Saudi Arabia's Vision 2030 mandates LEED-equivalent certifications for megaprojects like NEOM, driving demand for membranes with Environmental Product Declarations (EPDs) and recycled content-a segment projected to grow at an 18% CAGR through 2027.
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► Market Segmentation: In-Depth Analysis:
by Product
Antiarrhythmic Drugs
Anticoagulant Drugs
by Type
Paroxysmal
Permanent
Persistent
The oral atrial fibrillation medication administration market was valued at around USD 10,403.0 million in 2023. Around the world, atrial fibrillation is becoming more and more common, especially as the population ages. Compared to other forms of stroke, thromboembolic stroke brought on by atrial fibrillation is linked to higher rates of morbidity, death, and prolonged hospital stays. Because oral medications are effective at avoiding blood clotting and increasing market growth, they are the most often prescribed drug regimens for the prevention of atrial strokes.
by Application
Heart Rate Control
Heart Rhythm Control
by Route of Administration
Injectable
Oral
by End-Use
Cardiac Centers
Hospitals
Ambulatory Surgical Centers
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/commercial-single-ply-membrane-market/256671/
► Learn about the top players driving innovation in the Market :
1. Boehringer Ingelheim
2. Janssen Pharmaceuticals
3. Sanofi
4. ARCA Biopharma
5. Armetheon
6. Baxter
7. Bristol-Myers Squibb
8. ChanRx
9. Daiichi Sankyo
10. Gilead Sciences
11. HUYA Biosciences
12. Menarini
13. Pfizer
14. Pierre Fabre
15. Servier
16. Xention
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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