Elastomeric Membrane Market By Type (Sheet and Liquid Applied), By Application (Roofs & Walls, Underground Construction, Wet Areas, and Others), By End-user Industry (Non-residential Construction and Residential Construction) - Trends, Analysis, and Forecast till 2029

Elastomeric membrane market accounted for USD 32.4 Billion in 2019 and is estimated to be USD 64.1 Billion by 2029 and is anticipated to register a CAGR of 6.5%.

The elastomeric membrane is water-resistant roofing material. It ensures excellent durability of the roofing material and can withstand high temperatures. The elastomeric membrane has a lifespan of about 25 to 30 years and is highly recommended in the areas where extreme climatic conditions prevail. The elastomeric membrane provides durability and moisture resistance properties which makes them an ideal choice for roofs. They are utilized on walls, roofs, underground construction areas, and in wet areas. They are highly expensive than conventional roofing materials.

Strict environmental norms and regulations

Government mandates certain regulatory standards and waterproofing materials to be followed in major parts of the world. For instance, the U.S Environmental Protection Agency’s (EPA) launched a program called ’ENERGY STAR Program Requirements for Roof Products’. Elastomeric roof coatings meet all the guidelines set by the EPA for energy efficiency. In Europe, some countries follow the guidelines set by the ASTM that mandates required properties and testing procedures for cold liquid-applied and high-solids content elastomeric membranes. These regulations play a vital role in endorsing consumers to prefer right elastomeric membranes, thereby boosting the elastomeric membrane market.

Increasing construction industry in the Asia Pacific

The construction industry in the Asia Pacific is projected to register a CAGR of more than 4% in the upcoming years. The elastomeric membrane is highly consumed in commercial malls, buildings, rooftops, wet areas, etc. ensuring the regular demand in the Asia-Pacific region. In addition, the demand for the elastomeric membrane will continue to increase, with the increasing number of planned cities in Asia. The UN states that nearly half of Asia’s population will live in cities by 2026.

However, volatility in raw material prices and the rising number of health issues will restrict the growth of the elastomeric membrane market in the above-mentioned forecast period.

Elastomeric membrane market is segmented based on the type, application, end-user industry, and region.

Depending upon the type, the global business is categorized into sheet and liquid applied. In terms of application, the worldwide industry is categorized into roofs & walls, underground construction, wet areas, and others. Based on the end-user industry, the target market is segmented into non-residential construction and residential construction.

Regional Insights:

Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the elastomeric membrane market, owing to rules and regulations imposed by the US government for pollution control. The non-residential sector in the U.S and Canada is witnessing significant expansion due to the increasing industrial development in the region. In addition, rebuilding efforts undertaken by the U.S government to overcome the devastation caused by hurricanes is expected to increase this investment further. Furthermore, Europe is also under the pressure of the government’s policy for energy-efficient buildings. The Asia pacific currently witness lucrative growth opportunities for the elastomeric membrane market. Rising urbanization and increasing awareness towards energy-efficient buildings are driving the growth of the target market. The Middle East & Africa is expected to attract hefty investments in the real estate and infrastructure industry primarily Saudi Arabia and the UAE.

Elastomeric Membrane Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the elastomeric membrane market report based on type, application, end-user industry, and region.

Elastomeric Membrane Market, By Type:

• Sheet
• Liquid Applied

Elastomeric Membrane Market, By Application:

• Roofs & Walls
• Underground Construction
• Wet Areas
• Others

Elastomeric Membrane Market, By End-user Industry:

• Non-residential Construction
• Residential Construction

Elastomeric Membrane Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

• BASF SE
• SOPREMA
• Sika Carlisle Companies Inc.
• GCP Applied Technologies, Inc.
• Kemper System
• Firestone Building Products Company
• Johns Manville
• Saint-Gobain
• Standard Industries, Inc.

For instance, in May 2018, GCP Applied Technologies Inc. announced that it has acquired U.K.-based R.I.W. Limited, a supplier of waterproofing products, for approximately $30 million. The company provides products for commercial and residential construction applications and generates annual net sales of approximately $10 million with margins that are consistent with GCP’s Specialty Building Materials.

• BASF SE
• SOPREMA
• Sika Carlisle Companies Inc.
• GCP Applied Technologies, Inc.
• Kemper System
• Firestone Building Products Company
• Johns Manville
• Saint-Gobain
• Standard Industries, Inc.