PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266596
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1266596
Global Bitumen Membrane Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Bitumen membranes are polymeric-based products made from incredibly thick and viscous bitumen. Bitumen membranes are produced through a number of processes and have important qualities like durability, stability of factory-set technical parameters, superior resistance to a variety of weather conditions, and ease of installation, making them suitable for use as a waterproofing and rustproof material. Bitumen membranes are also used as the foundation for engineering structures like roadways, bridge decks, flat roofs, and vapour barriers. Because of their ability to prevent rust, bitumen membranes are also frequently used in the automotive industry. Bitumen membranes not only protect the exterior of the building but also give the entire structure durability. It can be applied over metallic surfaces in liquid form to prevent rust and moisture intrusion, or it can be applied in sheets for waterproofing purposes in buildings and tunnels. Increasing adoption of bitumen membranes in the roofing industry is projected to propel the worldwide bitumen membranes market over the projected period. Organic, viscous, and waterproof liquids are used to develop bitumen membranes. They are utilized to safeguard both residential and commercial buildings. The development of the auto industry is a significant factor fueling the market for bitumen membranes. In the automotive sector, bitumen membranes are frequently used for cap sheet applications.
The rising construction sector is anticipated to support market growth. The bitumen membranes are widely used in construction sector for a variety of purposes, including damp-proofing, sealing, rust-proofing, and joint and crack filling. Thus, the rising construction sector is creating a lucrative demand for the market. For instance, according to oxford economics, the global construction industry will be grown by 85% to USD 15.5 trillion by 2030, with India, China, and United States capturing a 57% share of all global growth. According to Statista, in 2016, the value of construction work done by Hochtief a global provider of construction-related services was USD 23.30 billion and in 2021 the number reached USD 25.98 billion. Additionally, the rising industrialization is anticipated to create a lucrative opportunity for the market during forecast period. However, the volatility in raw material prices stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Bitumen Membrane Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players, and growing demand in automotive and construction sectors in the region. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising automotive sector, increasing spending power, public & private investments, favorable government initiatives for the construction sector would create lucrative growth prospects for the Bitumen Membrane market across Asia Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable