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    Bitumen Membrane Market Report

    Bitumen Membrane Market Report
    Report code - SRAM732 Delivery - 2 Weeks
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    Bitumen Membrane Market Size, Share, Trend, Forecast, & Industry Analysis: 2022-2028.
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    Market Insights

    Bitumen Membrane Market is expected to grow from USD 2.41 billion in 2021 to USD 3.54 billion by 2028 at a CAGR of 5.61% during the forecast period of 2022-28.

    Bitumen-Membrane-Market-Size

    What is bitumen membrane?

    Bitumen membrane is a sticky, black and highly viscous liquid, or semi-solid form of petroleum. Bitumen membranes are widely used for waterproofing application in the construction industry and were designed to cover industrial and residential buildings. Bitumen membranes are used for different applications, including humidifying, waterproofing, binding, rustproofing, joint filling, and crack forming. Increasing demand from the building and construction sector has propelled production.

    Market Drivers

    Major factors such as rapid growth of the construction industry, surge in demand in automotive sector, and easy availability of products are expected to drive the growth of the market. In addition, the rise in urbanization, increase in commercial projects, growing population in India and China are likely to fuel the growth of the market during the forecast period.

    Bitumen-Membrane-Market-Snapshot

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    Segment Analysis

    By Grade Type

    Based on the grade type, the market is segmented as APP (Atactic Polypropylene) and SBS (Styrene-Butadiene-Styrene). Atactic Polypropylene (APP) is expected to witness significant growth rate in the market during the forecast period as it provides protection to commercial and residential buildings. APP is widely used for the application of waterproofing such as on the terrace or house roofs, curtain walls, sloping concrete floors, and foundations. Besides, it offers many superior features such as outstanding life expectancy, superior weather tolerance, better usability, remarkable adhesive properties, robust dimensional durability, excellent chemical resistance, and high tolerance to puncturing & mechanical injury which drives the segment’s growth. 

    By Product Type

    Based on the product type, the market is segmented as sheets and liquid. The liquid product type is expected to register high growth rate in the market owing to its environment-friendly properties and easy applicability. Also, its other features such as its ability to dry quickly and excellent adhesiveness, superior abrasion & tear resistance are likely to boost its demand in the market during the forecast period.

    By Application Type

    Based on the application type, the market is segmented as residential, non-residential, automotive, and others. The non-residential application type segment accounted for the major share of more than 52% in 2021 and is expected to remain dominant on account of the growing demand for various commercial projects such as malls, office buildings, educational institutions, and hospitals. In addition, the building & construction industry requires high-performance materials that are strong, lightweight, high-performance, durable, and versatile, which is expected to drive the market growth during the forecast period. 

    By Region

    In terms of regions, Europe accounted for the largest share of more than 38.2% market share in 2021, owing to the vast array of bitumen products used in the major roof systems of the region. Europe is likely to maintain its dominance during the forecast period driven by the presence of mature construction and automotive industries in the region. On the other hand, North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The bitumen membrane market is segmented into the following categories.

    By Grade Type:

    • Atactic Polypropylene (APP)
    • Styrene-Butadiene-Styrene (SBS)

    By Product Type:

    • Sheets
      • Type Analysis: Residential, Non-residential, Automotive, and Others
    • Liquid
      • Type Analysis: Residential and Non-residential

    By Application Type:

    • Residential
    • Non-Residential
    • Automotive
    • Others

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Some of the key players in the bitumen membrane market are-

    • Soprema International
    • BTM
    • BMI Group
    • IKO Group
    • Johns Manville
    • Firestone Building Products Company LLC
    • Ardex
    • Tiki Tar
    • Isoltema Group
    • Baumerk
    • Jiangsu Changzhou Xinyuan Waterproof Equipment factory
    • Total S.A.
    • BASF SE
    • ΝORDIA S.A.
    • Bondall.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The bitumen membrane market is expected to witness an impressive growth of 5.61% CAGR during 2022-2028.

    The bitumen membrane market size is expected to reach USD 3.54 billion in 2028.

    Europe is expected to remain the largest market during the forecast period.

    Soprema International, BTM, BMI Group, IKO Group, Johns Manville, Firestone Building Products Company LLC, Ardex, Tiki Tar, Isoltema Group, Baumerk, Jiangsu Changzhou Xinyuan Waterproof Equipment factory, Total S.A., BASF SE, ?ORDIA S.A., Bondall are the key players in the market.

    The liquid product type is expected to register high growth rate in the market during the next five years.

    Rapid growth of the construction industry, surge in demand in automotive sector, and easy availability of products are the factors driving the growth of market.

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