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

Stringent environmental standards and laws

In most major regions of the world, government regulations require specific waterproofing materials and criteria to be followed. For example, the "ENERGY STAR Program Requirements for Roof Products" was introduced by the US Environmental Protection Agency (EPA). The EPA's energy efficiency criteria are fully met by elastomeric roof coatings. Certain European nations adhere to ASTM criteria, which specify the necessary characteristics and testing protocols for high-solids content and cold liquid-applied elastomeric membranes. The elastomeric membrane market is positively impacted by these laws, which are essential in encouraging consumers to choose the appropriate elastomeric membranes.

Growing Asia Pacific construction industry

In the next years, the Asia Pacific construction industry is expected to grow at a compound annual growth rate (CAGR) of more than 4%. The Asia-Pacific area has a consistent need for elastomeric membranes since they are widely used in buildings, damp areas, rooftops, and commercial malls. Furthermore, as planned cities proliferate throughout Asia, the need for elastomeric membranes will only grow. By 2026, almost half of Asia's population, according to the UN, would reside in cities.