The global liquid
applied membrane market is expected to reach USD 6.92 billion by
2022, according to a new report by Grand View Research, Inc. Technical
advancements in liquid applied membrane, when compared to traditional systems,
allow benefit in terms of cost reduction, better planning, and overall concrete
protection. Liquid applied membranes have immense market potential on account
of flexibility, making them ideally suited for application in water and waste
management systems.
European Commission announced favorable prices
governing the production of natural based polymer products such as biopolymers,
thereby enabling major players in the liquid applied membrane market to provide
environment-friendly solutions. Developing markets of Asia Pacific and Europe
are expected to account for over 50.0% share in global waste and water
management industry, further augmenting market demand for liquid applied
membrane. Governments of various developing and developed nations have
comprehended the dual need for infrastructure development, coupled with sustainability
and durability. This is driving the demand for green buildings, consequently
generating a vast market opportunity for the liquid membranes market.
Browse full research report on Liquid Applied Membranes Market: www.grandviewresearch.com/industry-analysis/liquid-applied-membrane-market
Further
key findings from the report suggest:
- Cementitious membrane accounts for a significant share owing to
increased availability of polymer reinforced membranes which allow
superior quality at affordable cost. These membranes can withstand high
negative as well as positive hydrostatic pressure and provide excellent
bonding to concrete, which facilitates high-quality waterproofing. The
segment is expected to grow at a CAGR of 6.4% from 2015 to 2022.
- Polyurethane membrane is expected to witness rapid growth in demand
on account of its superior properties including ease of application,
resistance to UV radiation, water vapor permeability, easy repair &
maintenance, and high mechanical strength. Companies have been
increasingly developing polyurethane based membranes to meet rapidly
growing demand. These accounted for over 12.0% of the global market in
2014 in terms of revenue.
- Roofing application dominated the market in 2014 and accounted for
over 28.0% of total revenue share. Excellent physical and chemical
properties of liquid applied membrane coupled with rapid infrastructural
development worldwide are expected to increase penetration in this segment
over the forecast period.
- Residential segment is expected to be the major end-use on account
of rising urban population and increasing infrastructure investment by
governments. Asia Pacific is expected to witness rapid growth in this
segment on account of growing trend of nuclear families in the region.
- Asia Pacific market demand was over 250.0 million square meters and
is expected to rise on account of increasing requirement to an elongate
life of building structures and protect the infrastructure during severe
environmental conditions. Governments have been investing increasingly in
the protection of historical monuments which is expected to propel growth
over the forecast period. In addition, increasing urban population in the
region is expected to facilitate residential construction, thus driving
demand for the product over the forecast period.
- Europe accounted for over 30.0% of the global market size and is
expected to witness significant growth over the coming years. The revival
of European construction industry with rapid growth in demand from the UK,
Germany, and Nordic countries is expected to propel liquid applied
waterproofing utilization in the region over the forecast period. The
construction industry in Eastern European countries including Hungary, the
Slovak Republic, and Poland has also witnessed moderate growth over the
past years and is expected to have a positive impact on liquid applied
membrane demand over the next seven years.
- Key market players highly rely on R&D for new product
development to sustain competition. The other major strategies include
joint ventures and acquisitions & mergers. In April 2014, INGE GmbH, a
subsidiary of BASF SE, entered into a strategic, contractual agreement
with Aquasource to synergistically improve their waterproofing solutions.
In August 2013, Pidilite Industries Ltd. acquired Suparshva Business
Limited to expand its adhesive business.
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand
View Research has segmented the global liquid applied membrane market on the
basis of product, application and region:
Global
Liquid Applied Membrane Product Outlook (Volume, Million Square Meters;
Revenue, USD Million, 2012 - 2022)
- Cementitious
- Bituminous
- Polyurethane
- Others
Global
Liquid Applied Membrane Application Outlook (Volume, Million Square Meters;
Revenue, USD Million, 2012 - 2022)
- Roofing
- Walls
- Building
Structures
- Landfills
& Tunnels
- Others
Global
Liquid Applied Membrane End-use Outlook (Volume, Million Square Meters;
Revenue, USD Million, 2012 - 2022)
- Residential
- Commercial
- Industrial
- Public
Infrastructure
Global
Liquid Applied Membrane Regional Outlook (Volume, Million Square Meters;
Revenue, USD Million, 2012 - 2022)
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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