Elastomeric Membrane Market Scope
Elastomeric membranes are a type of flexible, rubber-like material that are used in a variety of construction and industrial applications. They are known for their ability to stretch and return to their original shape, as well as their resistance to weathering, UV radiation, and other environmental factors. Elastomeric membranes are commonly used in roofing, waterproofing, and sealing applications, as well as in the production of hoses, gaskets, and other products. The elastomeric membrane market for elastomeric membranes is expected to grow in the coming years due to increasing demand for waterproofing and weatherproofing in construction and infrastructure projects. The elastomeric membrane market is projected to reach USD 41.10 Billion by 2022, at a CAGR of 6.7% from 2017 to 2022.The market research report of Elastomeric Membrane provides analysis by Type (Sheet, Liquid Applied), Application (Roofs & Walls, Underground Construction, Wet Areas), End-use Industry (Non-residential, and Residential Construction), and Region.
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Elastomeric Membrane Market Drivers
There are several factors that are driving the growth of the elastomeric membrane market:
- Increasing construction activities: Elastomeric membranes are widely used in the construction industry for roofing and waterproofing applications, and the increasing construction activities around the world are driving the demand for these membranes.
- Growing demand for energy-efficient buildings: Elastomeric membranes are known for their high thermal resistance, which makes them ideal for use in energy-efficient buildings. The growing focus on energy conservation and reducing greenhouse gas emissions is driving the demand for energy-efficient buildings, which in turn is driving the demand for elastomeric membranes.
- Stringent building codes and regulations: In many countries, there are stringent building codes and regulations that mandate the use of high-quality waterproofing systems in construction projects. This is driving the demand for elastomeric membranes, which are known for their durability and performance.
- Advances in manufacturing technology: There have been significant advances in the manufacturing technology for elastomeric membranes, which has led to the development of new and improved products. This has increased the appeal of these membranes to construction companies and end-users.
- Rising concerns about environmental sustainability: Elastomeric membranes are made from eco-friendly materials and do not emit any harmful substances during installation or use. This is driving the demand for these membranes, as there is a growing concern about environmental sustainability in the construction industry.
Elastomeric Membrane Market Segmentation
These membranes can be segmented based on Type, Application, End-Use Industry & Region
- Liquid Applied
Among types, sheet elastomeric membrane led the elastomeric membrane market
Elastomeric sheet membrane is the largest type of the elastomeric membrane market owing to high demand in the non-residential construction end-use industry where flat roofs are common. Moreover, sheet membrane also includes membranes such as TPO and EPDM that enhance energy savings.
- Roofs & Walls
- Underground Construction
- Wet Areas
Among applications, the roofs & walls segment is projected to grow at the highest CAGR during the forecast period
Roofs & walls is the largest and fastest-growing application of the elastomeric membrane market owing to the high demand for sheet membranes in non-residential flat roofs. Elastomeric membrane is widely used in exterior applications and hence is a preferred choice in roofing. It can sustain adverse climatic conditions and improves the durability of roofing systems.
by End-Use Industry:
- Non-residential Construction
- Residential Construction
Among end-use industries, the non-residential construction segment expected to lead the elastomeric membrane market during the forecast period
The non-residential construction end-use industry is the largest and fastest-growing segment owing to high demand for the elastomeric membrane in commercial buildings in the flat roofs application. Due to growing industrialization and globalization, the non-residential sector is expected to experience rapid growth in commercial and institutional constructions.
- North America
- Middle East & Africa
- South America
The Asia-Pacific elastomeric membrane market is projected to grow at the highest CAGR during the forecast period
Asia-Pacific is the largest and the fastest-growing market for the elastomeric membrane. It is also a major construction market globally. Cheap labor, cheap & accessible raw materials, and growing public infrastructure projects have boosted construction activities, leading to the increasing demand for the elastomeric membrane in this region.
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Elastomeric Membrane Market Key Players
- BASF, Sika
- Carlisle Companies Inc.
- Kemper System
- Firestone Building Products Company
- Johns Manville
- GCP Applied Technologies Inc.
- Standard Industries Inc.
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