Bitumen Membrane Sheets Market in-depth Industry Analysis with current trends and Future Estimations
Category: #business  By Rahul Varpe  Date: 2022-11-10
  • share
  • Twitter
  • Facebook
  • LinkedIn
Bitumen Membrane Sheets Market in-depth Industry Analysis with current trends and Future Estimations

The bitumen membrane sheets market is projected to exhibit sturdy growth by 2027 owing to increasing construction activities in key regions. In addition, continuous enhancements and innovations to create high-performance and long-lasting roofing solutions are likely to promote market growth over the forecast period.

Bitumen, commonly known as asphalt, is a liquid or semi-solid form of petroleum that is sticky, black, and highly viscous. It is extensively used in the building & construction industry on account of its excellent waterproofing qualities. Bitumen membrane sheets are considered ideal for waterproofing bridges, roofs, basements, and other structures. Mounting consumer demand for bitumen membrane sheets has accelerated global product demand, thereby augmenting industry expansion in recent years.

Notably, industry participants have been employing profitable strategies to gain a competitive edge in rapidly evolving marketplaces, which has positively impacted the overall market landscape. For instance, in December 2021, TECHNONICOL Corporation, a prominent supplier of thermal insulation, roofing, waterproofing, and sound absorption materials, announced the acquisition of Chesterfelt Ltd., a U.K.-based bitumen roofing manufacturer. The deal enabled TECHNONICOL to broaden its building product portfolio.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/5168

To cite another instance, in July 2019, Polyglass U.S.A., Inc., a prominent waterproofing and roofing systems provider, expanded its self-adhered product portfolio with the launch of Elastoflex SA P Polar Cap™ and Elastoflex SA V Polar Base™. The novel self-adhered bitumen roofing systems have been designed using the company’s ADESO Technology and can offer several benefits, such as withstanding colder conditions for long-term performance, easy installation, and increased stability and tear-resistance.

The bitumen membrane sheets market has been segmented on the basis of application, grade, and region. In terms of grade, the market has further been segregated into APP (atactic polypropylene) and SBS (styrene-butadiene-styrene). The APP (atactic polypropylene) sub-segment accounted for around 26% market share in 2020 and is projected to progress at a robust pace over 2021-2027.

Request for customization @ https://www.gminsights.com/roc/5168

With respect to application, the bitumen membrane sheets market has been divided into non-residential, residential, and others. The others sub-segment is anticipated to reach a substantial valuation by 2027, growing at approximately 2.5% CAGR through the forecast period.

From the regional point of view, the Latin America bitumen membrane sheets market held a share of nearly 4.4% in the global industry in 2020 and is poised to expand at a CAGR of about 4.8% over the study timeline. Meanwhile, the Middle East & Africa bitumen membrane sheets industry dominated the overall market and is set to garner notable gains by the end of 2027, expanding at a CAGR of more than 5.3% through the review period.

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
Construction Site Preparation Equipment Market : Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast
By Rahul Varpe

The construction site preparation equipment market is expected to grow substantially by 2028 on account of rising number of public infrastructure development projects worldwide. In addition, increasing investments towards R&D activities from manu...

Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
Concrete Chain Saw Market Global Industry Analysis, By System, Growth Potential, Share, Top Key Players, Trends & Forecast
By Rahul Varpe

The concrete chain saw market is slated to witness exponential growth by 2028 on account of the booming construction and building maintenance sector around the world. In addition, growing awareness regarding the benefits of using a concrete chainsaw ...

Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
Stand Tile Saw Market Estimation, Global Share, Industry Outlook, Price Trend, Growth Opportunity and Top Regional Forecast
By Rahul Varpe

The stand tile saw market is poised to expand substantially by 2028 on account of burgeoning number of construction activities around the globe. In addition, rapid urbanization and rising consumer spending across key regions are likely to further pro...