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.
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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.
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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, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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