Bitumen Membranes Market: Overview
The bitumen membranes market is gaining on the back of efforts to strengthen waterproofing of roofs of building structures and engineering structures. Composed of organic liquids which are sticky, highly viscous, and waterproof, bitumen membranes are designed to provide protection for commercial and residential establishments.
Applications of bitumen membranes are a few, including damp-proofing, rust-proofing, sealing, and joint and crack filling.
Growth of the automotive sector is another key factor behind the growth of bitumen membranes market. Bitumen membrane are widely used in the automotive sector for cap sheet applications.
Transparency Market Research in one of its upcoming market research publications sheds light on growth trends and business opportunities in the bitumen membrane market over the forecast period between 2019 and 2027. Analysts employed industry-centric statistical tools and verifiable research to present growth indicators pertinent to the bitumen membrane market.
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Bitumen Membranes Market: Notable Developments and Competitive Landscape
- Polyglass USA Inc. - a leading company of roofing and waterproofing mechanisms expands its line of self-adhered products. Called Elastoflex SA P Polar Cap and Elastoflex SA V Polar Base, the two products under bitumen membranes are optimized for performance in colder climatic conditions. These products feature resilient roofing that allow roof system installation for temperatures between 4ºC - 16ºC.
Elastoflex SA V Polar Base is fiberglass reinforced for robust dimensional stability. At the competitive front, the bitumen membranes market is chock-a-block with presence of numerous small-sized and large players worldwide.
In recent years, emergence of small regional players in China and India have intensified competition in the overall bitumen membranes market. To maintain a competitive advantage, large manufacturers of bitumen membranes are engaging in mergers & acquisitions and partnerships with small regional players. For example, in 2017, BASF acquired Thermotek, which is a mainly engaged in waterproofing systems in Mexico. Following this acquisition, this has enabled BASF strengthen its position in Mexico.
Prominent companies operating in the global bitumen membranes market include
- Suprema International
- BMI Group
- Johns Manville
- Ardex, Isoltema Group
- BASF SE
- NORDIA S.A.
- BTM, IKO Group
- Firestone building Products Company LLC
- Tiki Tar, Baumerk, Total S.A.
- Bondall among others.
Bitumen Membranes Market: Key Trends
Rapid expansion of the construction industry in Asia Pacific, mainly because of massive development of commercial establishments in India and China is driving the bitumen membranes market.
Mandates for superior water proofing and rust-proof specifications for roofs of concrete structures in emerging economies is fuelling demand for bitumen membranes.
China, for instance, continues to invest extensively in the regional construction sector for ongoing industrial development. By numbers, in 2013, China recorded almost 50% spending in the construction sector in Asia Pacific. Besides this, lately, Beijing Municipal Corporation of Development and Reform announced 300 major construction projects amounting over US$300 billion. Of this 100 construction projects are for infrastructural development.
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Relaxation of government regulations for investment in the construction sector are also aiding progression of construction undertakings in China.
In India, exponential growth of the construction sector to meet infrastructural requirement for expanding industrial sector is indirectly stocking demand for bitumen membranes. In general, rising spending power, public and private investments, and government initiatives are aiding the construction sector in India. This, indirectly, fuels growth of bitumen membranes market.
Bitumen Membrane Market: Regional Outlook
Europe is one of the key regions among other key regions for bitumen membrane. The growth of bitumen membranes market in the region is mainly because of a mature construction industry. Besides this, Asia Pacific is witnessing to display extensive demand for bitumen membranes. Rapid expansion of the construction industry in the region is key behind growth of the bitumen membranes market in Asia Pacific.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.