Reports
Reports
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.
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.
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.
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.
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.
N/A
Copyright © Transparency Market Research, Inc. All Rights reserved
Trust Online
Bitumen Membranes Market
