The report “Liquid-Applied Membrane Market by Type (Elastomeric, Bituminous, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), Usage, End-Use Industry (Residential Construction, Commercial Construction), and Region – Global Forecast to 2029″, is projected to reach USD 32.1 billion by 2029, at a CAGR of 5.9% from USD 24.1 billion in 2024. The major factors propelling the liquid-applied membrane market include the increasing spending on infrastructure development and the rising use of waterproofing membranes. The growing need for energy-efficient buildings and rising demand for green roofs will likely create opportunities for manufacturers. However, the availability of substitutes, such as sheet membranes, for large-scale and open surfaces may restrict market growth. The liquid-applied membrane market in emerging economies presents substantial growth opportunities driven by rising demand, technological advancements, and favorable regulatory environments. Despite these promising prospects, challenges persist, including the high membrane cost and raw material shortages. Notable contributors to market growth in emerging economies include China, India, Indonesia, and South Korea.
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285 Market data Tables
55 Figures
254 Pages and in-depth TOC on “Liquid-Applied Membrane Market – Global Forecast to 2029”
Some of the prominent key players are:
· Sika AG (Switzerland)
· MAPEI S.p.A. (Italy)
· SOPREMA (France)
· Fosroc, Inc. (UAE)
· Saint-Gobain Weber (France)
· H.B. Fuller (US)
· Wacker Chemie AG (Germany)
· Bostik (France)
· GCP Applied Technologies Inc. (US)
· Ardex (Germany)
Driver: Wide deployment of waterproofing membranes in construction sector
The growing utilization of waterproofing membranes is a central factor driving the liquid-applied membrane market. This trend reflects the increasing acknowledgment of these membranes’ crucial role in maintaining the longevity and resilience of buildings in various construction contexts. Given the substantial investment involved in buildings, prioritizing their structural integrity and long-term endurance becomes essential. Waterproofing membranes serve as a proactive solution against water ingress, a leading factor contributing to structural decay, mold formation, and corrosion. Through the creation of a seamless protective layer on surfaces, liquid-applied membranes efficiently protect buildings from moisture penetration, thereby safeguarding their structural elements and prolonging their lifespan.
By end-use industry, residential construction is the largest end-use industry in the liquid-applied membrane market, in 2023.
Residential construction projects encompass many structures, including houses, cottages, condominiums, foundations, townhouses, apartment buildings, wet rooms, driveways, sidewalks, basements, and drainage systems. LAMS are primarily employed to enhance the strength and durability of various components, such as walls, roofing, floors, foundations, beams, slabs, and pillars. They are instrumental in waterproofing all roofs, addressing residential structures’ sustainability, ozone resistance, and thermal shock durability requirements. Applying LAMs in residential construction involves spreading the liquid membrane over the surface, which subsequently dries to create a seamless and waterproof layer.
Asia Pacific is the largest market in the liquid-applied membrane market, in terms of value.
In terms of value, Asia Pacific accounted for 32.3% of the global liquid-applied membrane market in 2023. It is also the fastest-growing liquid-applied membrane market due to the increasing population & urbanization in the region. The rising investments in infrastructure projects, such as commercial buildings, residential complexes, and public infrastructure, have augmented the demand for liquid-applied membranes. The ability of these membranes to provide long-lasting protection against water ingress, even in extreme weather conditions, makes them an ideal choice for a wide range of applications.
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Some of the prominent key players are: