The "Liquid Applied Membranes Market by Type (Bituminous, Elastomeric, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), End-Use Industry (Residential, Commercial, Public Infrastructure), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global liquid applied membranes (LAMs) market size is expected to grow from USD 18.5 billion in 2020 to USD 24.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period.
The LAMs market is driven by various factors, such as high demand from the construction, growing demand for energy-efficient buildings, and increasing water management activities in APAC. However, the availability of sheet based membranes can hinder the growth of the market for specific applications.
The elastomeric membranes segment is expected to grow at a higher CAGR during the forecast period
The elastomeric membranes segment is the fastest-growing in the LAMs market. The LAMs market has been categorized as elastomeric membranes, bituminous membranes, and cementitious membranes. Elastomeric membranes seamless, highly weather-resistant, highly flexible, and highly elastic waterproofing membrane. They also have excellent adhesion to a substrate and good UV resistance. These membranes are used in applications, such as roofs, balconies, and terraces.
The residential construction end-use industry is expected to hold the largest market share during the forecast period
Residential projects include the construction of houses, townhouses, cottages, condominiums, apartment buildings, driveways, sidewalks, wet rooms, basements, foundations, drainage systems, and others. LAMs help meet sustainability, waterproofing, ozone resistance, and thermal shock durability needs in these residential projects.
Rapidly growing population, urbanization, and improving standards of living are driving the demand for residential construction. This will boost the growth of residential construction, which, in turn, drives the LAMs market.
APAC is expected to record the highest growth rate during the forecast period
APAC is expected to have the highest growth rate during the forecast period due to the increasing developments related to the construction sector. The high growth of population in China, India, South Korea, Indonesia, and other countries provide huge opportunities for the construction sector of APAC. This will further drive the LAMs market in the region.
Market Dynamics
Drivers
- Increasing Spending on Infrastructure Development
- Growing Requirement of Water Management Activities in the APAC Region
Restraints
- Availability of Substitutes, Such as Sheet Membranes, for Large-Scale, Open Surfaces
Opportunities
- Growing Demand for Energy-Efficient Buildings and Green Roofs
Challenges
- Fluctuations in Raw Material Prices
Companies Mentioned
- Alchimica Building Chemicals
- BASF
- Beijing Jianguo Weiye Waterproof Material
- Carlisle Companies
- Chryso
- Copernit
- Elmich
- Firestone Building Products Company
- Fosroc
- Fuhua Waterproofing Technology
- GCP Applied Technologies
- GAF
- Guangdong Yunyan Special Cement Building Materials
- Hebei Chenyu Waterproof Building Materials
- Henkel Polybit
- Henry Company
- IKO
- Isomat
- Johns Manville
- Kemper System
- Mapei
- Nantong Yuru Engineering Materials
- Oriental Yuhong
- Paul Bauder
- Pidilite Industries
- Renolit
- Saint-Gobain Weber
- Shandong Dingtai Waterproof Technology
- Shandong Jingze Waterproof Technology
- Shenzhen Joaboa Tech Group
- Sika Ag
- Siplast
- Soprema Group
- Tremco
For more information about this report visit https://www.researchandmarkets.com/r/omzue
View source version on businesswire.com: https://www.businesswire.com/news/home/20201023005347/en/
Contacts:
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
