Elastomeric Membrane Market Share, Size, Forecast and Trends by 2028

(EstateNewsWire.com, October 11, 2021 )

Market Overview

The elastomeric membrane is a waterproof material that withstands high temperatures and ensures the durability of construction and a building, especially a roof. Properties such as moisture and durability resistance make elastomeric membrane an ideal choice for roofs. It is highly recommended in the regions where extreme climatic conditions prevail.

The lifespan of the elastomeric membrane is about 25 to 30 years. These membranes are used on large flat and low-slope roofs and require minimum maintenance. In addition, its excellent property of elasticity makes it apparent for cold climates.

The commercial industry witnesses the widespread usage of elastomeric membranes as the focus of the end-user in the industry lies more in the durability of the product. Elastomeric membranes are utilized on roofs, walls, underground construction areas, and wet areas.

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Market Dynamics

The rising interest of make strides toward environmental friendliness and sustainability and the application of 'cool roofs' due to an increased focus on reducing energy consumption drive the elastomeric membrane market. However, a lack of skilled labor is expected to hinder the elastomeric membrane market.

The rising interest of make strides toward environmental friendliness and sustainability drive the elastomeric film market

There is a developing need to diminish the carbon impressions and 'become environmentally friendly, a few guidelines presented by the Environment Protection Agency (EPA) to empower asbestos in roofing materials. For instance, as per the U.S. Green Building Council, Buildings produce contamination both straightforwardly and in a roundabout way, addressing 39% of carbon dioxide discharges.

The elastomeric membrane is waterproof, heat resistant, and helps in further developing the energy productivity of the structure via its high solar reflectance index. Furthermore, It is UV safe and behaves like nonstop "sunblock" for the construction. It offers long-haul strength for a structure which is fundamental for some property holders and entrepreneurs.

For instance, Sika AG developed a liquid-applied membrane (LAM). It is a fully-bonded, liquid-based coating suitable for waterproofing and roofing applications. The coating forms a rubber-like elastomeric membrane which is waterproof. Further, it has improved energy efficiency for cool roofs and solar roofs.

Market Segmentation

By Type

• Liquid

• Sheet

By Component

• One-Component

• Two-Component

By Application

• Roofs and Walls

• Underground Construction

By End-User

• Residential

• Commercial

• Infrastructure

• Industrial

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Geographical Analysis

The elastomeric membrane market is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa based on geography.

Asia-Pacific dominates the elastomeric membrane market with the growing construction and infrastructure industries in countries like China and India

Asia-Pacific region dominates the elastomeric coating market share with growing construction activities in countries such as China, India, and other countries.

For instance, the Chinese government has extensive construction plans, such as making provisions for the movement of 250 million people to the new megacities. As per the National Bureau of Statistics (NBS), in 2020, real estate investment in China rose 7.0%, accelerating from a 6.8% gain in the first 11 months of the year.

Furthermore, in 2017, the Indian government announced an investment worth US$ 31,650 billion to construct 100 cities under the smart cities plan. In addition, one hundred smart cities and 500 cities are likely to invite investments worth around US$ 28.18 billion.

Around 9% of India's GDP is spent on infrastructural services. India's government has given enormous momentum to the infrastructural sector by allocating US$ 92.22 under the Union Budget 2018-2019.

Therefore, with the growing construction activities and infrastructure, elastomeric coating demand is expected to increase over the forecast period rapidly.

Competitive Landscape

The elastomeric membrane market is consolidated with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Sika AG, BASF SE, Soprema Inc., Saint-Gobain S.A, KEMPER SYSTEM, Johns Manville, Carlisle Companies Inc, Firestone Building Products, KARNAK, GCP Applied Technologies Inc., among others.

The companies are adopting several growth strategies such as product launches, acquisitions, and collaborations, which contribute to the growth of the elastomeric membrane market globally.

Related Topics

Lead Acid Battery Separator Market, Biopolymer Market, Fluoropolymers Market, Barrier Resins Market, Polyvinyl Chloride Market

DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

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