Extensive product use in the automobile sector will substantially complement bitumen membranes market outlook over the forecast duration.
— As per the report by Global Market Insights, Inc., “Worldwide Bitumen Membranes Market was valued USD 2.5 billion in 2018 and will surpass a revenue collection of USD 3.5 billion by 2025 with an annual growth rate of 5% over 2019 to 2025.”
Bitumen membranes have been widely utilized in the construction sector due to their superior properties of rust proofing & waterproofing. These products provide protection to the concrete structures against moisture and increase its durability. Rising construction activities in major countries including China, Japan, the United States, India, etc. are likely to drive the product demand in the next few years. Government initiatives to build infrastructure in the emerging nations will further propel the product demand in the near future.
Another key growth enabling factor is the growing automotive industry across the world. The product is utilized in the coating applications of automotive components such as cap sheets. Increasing vehicle production in major parts of the world along with the rising personal car market demand will drive bitumen membranes market demand by 2025.
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The International Energy Agency (IEA) reported in 2018 that over 750,000 EVs were sold during the year and nearly 2 million electric cars were running on streets all over the globe. Consistent production of vehicles worldwide and gradual proliferation of EVs can be expected over the coming years. Extensive product use in the automobile sector will substantially complement bitumen membranes market outlook over the forecast duration.
More than half the world population now lives in urban areas which can be attributed to a rapid surge in global urbanization, escalating swiftly over the last 4 decades. UNESCO reported the current rate of urban population expansion to be 60 million individuals annually and the number of cities with 10 million or more residents is accelerating quickly. Estimates suggest that the global urban population will exceed 6 billion people by the end of 2050. Rising global population worldwide will boost the growth of construction sector, fueling bitumen membranes market size.
On the basis of product, the bitumen membranes market is segregated into liquids and sheets. The key properties of liquid bitumen membranes including excellent waterproofing characteristics, high compatibility in wet substrates, superior performance in varying temperature condition, etc. is likely to drive the industry growth in the near future.
On the basis of application, the industry is segregated into automotive, non-residential, residential and other applications. Non-residential segment is likely to have substantial product demand due to rising product usage in the commercial buildings including, office buildings, malls, hospitals, educational institutes, etc. Superior waterproofing nature of the bitumen membranes is responsible for its growing usage in the non-residential segment.
Europe bitumen membranes market accounted for a notable share of the total growth in 2018. Construction segment climbed due to increased consumer spending on remodeling and renovation activities on account of rapid urbanization. In the U.S. the increasing number of housing starts will fuel the demand for bitumen membranes, with builders opting for the product due to economical rates and additional benefits.
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Bitumen membranes are anticipated to witness remarkable consumption owing to rise in manufacturing activities across Asia Pacific. APAC accounts for the largest share in the global construction industry, led by India, Japan and China. Growing population, low cost labor, favorable government initiatives and urbanization is expected to drive infrastructure development, reinforcing bitumen membranes market growth across the region.
Bitumen membranes market share is extremely competitive, with numerous players. The main players include BASF SE, Jiangsu Changzhou Xinyuan Waterproof Equipment factory, Ardex, Bondall, Johns Manville, Soprema International, IKO Group, Total S.A., NORDIA S.A. and Tiki Tar.
Glimpse of Table of Content (ToC)
Chapter 1. Methodology and Scope
1.2. Market definition
1.3. Market estimation & forecast parameters
1.4. Data sources
126.96.36.199. Paid sources
188.8.131.52. Public sources
Chapter 2. Executive Summary
2.1. Bitumen membrane market 3600 synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Grade trends
2.1.3. Product by application trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Bitumen Membranes Market Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 – 2025
3.3. Industry ecosystem analysis
3.3.1. Profit margin analysis
3.3.2. Value addition at each stage
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
3.4. Patent analysis
3.5. Industry megatrends
3.6. Industry impact forces
3.6.1. Growth drivers
184.108.40.206. Increasing construction activities in Asia Pacific and North America
220.127.116.11. Growing global automotive demand
18.104.22.168. Easy availability of raw material
3.6.2. Industry pitfalls & challenges
22.214.171.124. Volatility in raw material prices
3.7. Regulatory landscape
3.7.3. Asia Pacific
3.8. Growth potential analysis
3.9. Competitive landscape, 2018
3.9.1. Company market share, 2018
3.9.2. Strategy dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. Price trends
3.11.1. Regional price trends
3.11.2. Product price trends
3.11.3. Cost structure analysis
126.96.36.199. R&D cost
188.8.131.52. Manufacturing & equipment cost
184.108.40.206. Raw material cost
220.127.116.11. Distribution cost
18.104.22.168. Operating cost
22.214.171.124. Miscellaneous cost
3.12. PESTEL analysis
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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