Elastomeric Membrane Market - Forecast(2024 - 2030)
Elastomeric Membrane Market Overview
Elastomeric Membrane market size
is forecast to reach US$42.1 billion by 2026,
after growing at a CAGR of 6.9% during
2021-2026. The elastomeric membrane is a waterproof roofing material used in
the construction industry. The membrane can withstand high temperatures and
ensure the excellent durability of the roofing material. They are generally
used in commercial roofing and also
used in extreme climatic conditions to control temperatures. The growing
adoption of advanced roofing solutions in residential and non-residential
constructions is driving the market growth for elastomeric membranes. According
to the U.S. Census Bureau, Construction spending during July 2021 was estimated
at a seasonally adjusted annual rate of US$1,568.8 billion, which is above the
revised June estimate of US$1,563.4 billion. Elastomeric paint is a coating specially used to protect masonry
surfaces. However, fluctuation in raw material prices is likely to hamper the
market growth during the forecast period 2021-2026.
COVID-19 Impact
The COVID-19 pandemic is
impacting different industries; one of the few industries that were primarily
hit to some extent was the construction industry. The demand for the
elastomeric membrane is low during the covid-19 crises. The delay in
construction activities in both developed and developing nations impacted the
market growth for elastomeric membrane during covid-19. However, the
construction industry faced problems related to the supply chain, lack of
workforce, and lack of raw materials supply.
Elastomeric Membrane Market Report Coverage
The report: “Elastomeric Membrane Market – Forecast (2021-2026)” by
IndustryARC, covers an in-depth analysis of the following segments of the Elastomeric
Membrane industry.
By Material: Elastomeric Sheet Membrane (Modified Bituminous
Membrane [Styrene-Butadiene-Styrene, Atactic Polypropylene], EPDM [Black EPDM,
White EPDM], TPO, PVC, Others), Elastomeric Liquid Applied Membrane (Acrylic
Liquid Applied Membrane [Acrylic, Polyurethane], Others [Polyurea, Pmma,
Others])
By Application: Roofs & Walls (Roofs [Sloped Roofs, Flat
Roofs], Walls [Exterior Walls, Interior], Wet Areas (Internal Wet Room Areas, Artificial
Water Bodies), Underground Construction, Others
By Construction Type: Residential Construction (Independent Homes,
Row Homes, Large Apartment Buildings), Commercial Constructions (Hospitals and
Healthcare Infrastructure, Educational Institutes, Hotels and Restaurants,
Banks and Financial Institutions, Airports, Hyper and Super Market, Shopping
Malls, Others), Industrial Constructions (Manufacturing units, Ware Houses,
Others)
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia,
Belgium, and Rest of Europe), Asia-Pacific (China, Japan, South Korea,
India, Australia and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of
APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South
America), and Rest of the World (the Middle East and Africa)
Key Takeaways
- The Asia Pacific is expected to register the highest CAGR of 6.6% during the forecast period (2021-2026). Rapid urbanization, emerging economies, and increasing construction activities are the major factors driving the market growth.
- The commercial construction segment is expected to hold a major market share between the forecast period 2020-2026.
- The increasing market for infrastructure and the increasing growing importance of green roofing are the key factors driving the elastomeric membrane market.
Figure: Asia Pacific Elastomeric Membrane Market Revenue, 2020-2026 (US$ Billion)
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Elastomeric Membrane Market Segment Analysis - By Material
The sheet membrane segments
accounted for approximately 65% of the market
share in 2020 and are estimated to grow at a significant CAGR during the
forecast period. Sheet membrane systems are reliable and durable thermoplastic
waterproofing solutions widely used in the construction industry. Sheet
membrane types offer superior performance properties compared to other membrane
types. The increasing demand for flat roofs in non-residential buildings is one
of the major factors driving the market for the sheet membrane segment. The
growing demand for green roofing in green buildings is supporting the market
growth during the forecast period. The growing pollution content in the
environment is shifting to green buildings. According to the International
Energy Agency, by the year 2030, three-quarters of our energy sources will
remain CO2. The liquid applied membrane segment is expected to grow at a
significant CAGR during the forecast period. These membranes are easily
installed and available at a low price compared to sheet membranes.
Elastomeric Membrane Market Segment Analysis – By Application
The roof and wall segment accounted for more than 75% of the market share in 2020 and is estimated to grow significantly during the forecast period. The growing renovation activities in emerging economies such as India, China, South Korea, and Indonesia among others are supporting the market for the roof and wall segment. High expenditure on non-residential projects such as commercial, institutional, and office buildings also triggering the market growth during the forecast period. Elastomeric roofs are attractive roofing options for many reasons such as more cost-effective, fast installation, and waterproofing, among others. The elastomeric membrane is applied over different roofing substrates, including asphalt, bitumen, and concrete among others.
Elastomeric Membrane Market Segment Analysis – By Construction Type
The commercial construction
segment accounted for more than 55% of the
market share in 2020 and is estimated to grow significantly during the forecast
period. Increasing construction of commercial buildings such as institutional
buildings, shopping malls, showrooms, corporate offices, and industrial
buildings in both developed and developing nations are driving the market
growth for the commercial construction segment. Growing foreign investments in
the construction industry are also supporting market growth. According to the
data published by FDI India, Indian real estate attracted approximately US$5
billion in institutional investments in 2020, and they also mentioned the
Institutional real estate investments in India increased by 21% in the first
quarter (2021) to US$922 million.
Elastomeric Membrane Market Segment Analysis - By Geography
Asia Pacific region held the largest share in the Elastomeric Membrane market in 2020, up to 35%, owing to the rapid growth in construction in the region. The presence of developing nations such as India and China is driving the market growth in the region. The rapid growth in population, growing number of working individuals, and growth in income levels are some of the major factors driving the regional market. Abundant raw material sources and availability of workforce also supporting the regional demand. According to the 2021 World Investment Report published by UNCTAD, FDI inflows into China increased by 6% in 2020, to USD 149 billion, up from USD 141 billion in 2019. According to FDI India, approximately US$26.08 billion FDI equity Inflows in Construction Development during April 2000 – March 2021.
Elastomeric Membrane Market Drivers:
Growing demand from construction Industry
Elastomeric
membrane improves the building's energy. The elastomeric membrane is made up of
thermoplastics, thermosets, or modified bitumen, and they are extensively used
in roofing systems. According to the Associated General Contractors (AGC), the
Construction industry is a significant contributor to the U.S. economy, and the
U.S. Construction has more than 7 million employees and creates nearly $1.4
trillion worth of structures each year. The UAE construction sector recorded
growth of 3.3 percent in 2019, and it is expected to register 4.3% by 2021. The
National Development and Reform Commission of China planned to build
infrastructure projects in China and approved a total investment of CNY 485
billion (~USD 72 billion) in January 2019 for the construction of seven
projects. India has a total of US$1.4 trillion infrastructure investment budget
under the National Infrastructure Pipeline (NIP).
Elastomeric Membrane
Market Challenges:
The raw materials required for electrometric
membrane include thermoplastics, thermosets, and modified bitumen, among
others. Depending on raw material suppliers and outsourcing raw materials from
other countries is one of the major challenges facing by electrometric membrane
market. Fluctuation in foreign currency
rates and changing government rules and regulations on imports & exports
across the globe is also likely to hamper the market growth during the forecast
period. The price of thermoplastics is high compared to thermoset material, and
they offer superior properties and can tolerate high temperatures. According to Osborne Industries, thermoplastic pricing differences can range from just
under a dollar to upwards of US$10 a pound. Some thermoplastics are more expensive
than thermoset plastic.
Elastomeric Membrane Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Elastomeric Membrane market. Major players in the Elastomeric Membrane market include:
- BASF
- Sika Carlisle Companies Inc
- SOPREMA
- Kemper System
- Saint-Gobain
- Firestone Building Products Company
- Johns Manville
- GCP Applied Technologies Inc.
- Standard Industries Inc
- Carlisle Companies Inc.
- Other Companies
Acquisitions/Technology Launches
In
January 2020, BASF launched an innovative waterproofing membrane, MasterSeal
730 UVS in Asia, under its Master Builders Solutions brand. MasterSeal 730 UVS
is a pre-applied, high-density polyethylene (HDPE) sheet waterproofing membrane
treated with unique pressure-sensitive adhesive and protective coating to
enable good adhesion with concrete surfaces without requiring additional
protective screed.
Relevant Reports
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- 2026)
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CMR 96520
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Elastomeric Coatings Market - Forecast(2021 - 2026)
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LIST OF TABLES
1.Global Elastomeric Membrane Market By Type Market 2023-2030 ($M)1.1 Elastomeric Sheet Membrane Market 2023-2030 ($M) - Global Industry Research
1.1.1 Modified Bituminous Membrane Market 2023-2030 ($M)
1.1.2 EPDM Market 2023-2030 ($M)
1.1.3 TPO Market 2023-2030 ($M)
1.1.4 PVC Market 2023-2030 ($M)
1.2 Elastomeric Liquid Applied Membrane Market 2023-2030 ($M) - Global Industry Research
1.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 ($M)
1.2.2 Polyurethane Market 2023-2030 ($M)
2.Global Elastomeric Membrane Market By End-Use Industry Market 2023-2030 ($M)
2.1 Residential Construction Market 2023-2030 ($M) - Global Industry Research
2.2 Non-Residential Construction Market 2023-2030 ($M) - Global Industry Research
2.2.1 Institutional & Commercial Construction Market 2023-2030 ($M)
2.2.2 Industrial Construction Market 2023-2030 ($M)
2.2.3 Public Infrastructure Market 2023-2030 ($M)
3.Global Elastomeric Membrane Market By Type Market 2023-2030 (Volume/Units)
3.1 Elastomeric Sheet Membrane Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Modified Bituminous Membrane Market 2023-2030 (Volume/Units)
3.1.2 EPDM Market 2023-2030 (Volume/Units)
3.1.3 TPO Market 2023-2030 (Volume/Units)
3.1.4 PVC Market 2023-2030 (Volume/Units)
3.2 Elastomeric Liquid Applied Membrane Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 (Volume/Units)
3.2.2 Polyurethane Market 2023-2030 (Volume/Units)
4.Global Elastomeric Membrane Market By End-Use Industry Market 2023-2030 (Volume/Units)
4.1 Residential Construction Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Non-Residential Construction Market 2023-2030 (Volume/Units) - Global Industry Research
4.2.1 Institutional & Commercial Construction Market 2023-2030 (Volume/Units)
4.2.2 Industrial Construction Market 2023-2030 (Volume/Units)
4.2.3 Public Infrastructure Market 2023-2030 (Volume/Units)
5.North America Elastomeric Membrane Market By Type Market 2023-2030 ($M)
5.1 Elastomeric Sheet Membrane Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Modified Bituminous Membrane Market 2023-2030 ($M)
5.1.2 EPDM Market 2023-2030 ($M)
5.1.3 TPO Market 2023-2030 ($M)
5.1.4 PVC Market 2023-2030 ($M)
5.2 Elastomeric Liquid Applied Membrane Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 ($M)
5.2.2 Polyurethane Market 2023-2030 ($M)
6.North America Elastomeric Membrane Market By End-Use Industry Market 2023-2030 ($M)
6.1 Residential Construction Market 2023-2030 ($M) - Regional Industry Research
6.2 Non-Residential Construction Market 2023-2030 ($M) - Regional Industry Research
6.2.1 Institutional & Commercial Construction Market 2023-2030 ($M)
6.2.2 Industrial Construction Market 2023-2030 ($M)
6.2.3 Public Infrastructure Market 2023-2030 ($M)
7.South America Elastomeric Membrane Market By Type Market 2023-2030 ($M)
7.1 Elastomeric Sheet Membrane Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Modified Bituminous Membrane Market 2023-2030 ($M)
7.1.2 EPDM Market 2023-2030 ($M)
7.1.3 TPO Market 2023-2030 ($M)
7.1.4 PVC Market 2023-2030 ($M)
7.2 Elastomeric Liquid Applied Membrane Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 ($M)
7.2.2 Polyurethane Market 2023-2030 ($M)
8.South America Elastomeric Membrane Market By End-Use Industry Market 2023-2030 ($M)
8.1 Residential Construction Market 2023-2030 ($M) - Regional Industry Research
8.2 Non-Residential Construction Market 2023-2030 ($M) - Regional Industry Research
8.2.1 Institutional & Commercial Construction Market 2023-2030 ($M)
8.2.2 Industrial Construction Market 2023-2030 ($M)
8.2.3 Public Infrastructure Market 2023-2030 ($M)
9.Europe Elastomeric Membrane Market By Type Market 2023-2030 ($M)
9.1 Elastomeric Sheet Membrane Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Modified Bituminous Membrane Market 2023-2030 ($M)
9.1.2 EPDM Market 2023-2030 ($M)
9.1.3 TPO Market 2023-2030 ($M)
9.1.4 PVC Market 2023-2030 ($M)
9.2 Elastomeric Liquid Applied Membrane Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 ($M)
9.2.2 Polyurethane Market 2023-2030 ($M)
10.Europe Elastomeric Membrane Market By End-Use Industry Market 2023-2030 ($M)
10.1 Residential Construction Market 2023-2030 ($M) - Regional Industry Research
10.2 Non-Residential Construction Market 2023-2030 ($M) - Regional Industry Research
10.2.1 Institutional & Commercial Construction Market 2023-2030 ($M)
10.2.2 Industrial Construction Market 2023-2030 ($M)
10.2.3 Public Infrastructure Market 2023-2030 ($M)
11.APAC Elastomeric Membrane Market By Type Market 2023-2030 ($M)
11.1 Elastomeric Sheet Membrane Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Modified Bituminous Membrane Market 2023-2030 ($M)
11.1.2 EPDM Market 2023-2030 ($M)
11.1.3 TPO Market 2023-2030 ($M)
11.1.4 PVC Market 2023-2030 ($M)
11.2 Elastomeric Liquid Applied Membrane Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 ($M)
11.2.2 Polyurethane Market 2023-2030 ($M)
12.APAC Elastomeric Membrane Market By End-Use Industry Market 2023-2030 ($M)
12.1 Residential Construction Market 2023-2030 ($M) - Regional Industry Research
12.2 Non-Residential Construction Market 2023-2030 ($M) - Regional Industry Research
12.2.1 Institutional & Commercial Construction Market 2023-2030 ($M)
12.2.2 Industrial Construction Market 2023-2030 ($M)
12.2.3 Public Infrastructure Market 2023-2030 ($M)
13.MENA Elastomeric Membrane Market By Type Market 2023-2030 ($M)
13.1 Elastomeric Sheet Membrane Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Modified Bituminous Membrane Market 2023-2030 ($M)
13.1.2 EPDM Market 2023-2030 ($M)
13.1.3 TPO Market 2023-2030 ($M)
13.1.4 PVC Market 2023-2030 ($M)
13.2 Elastomeric Liquid Applied Membrane Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Acrylic Liquid Applied Membrane Market 2023-2030 ($M)
13.2.2 Polyurethane Market 2023-2030 ($M)
14.MENA Elastomeric Membrane Market By End-Use Industry Market 2023-2030 ($M)
14.1 Residential Construction Market 2023-2030 ($M) - Regional Industry Research
14.2 Non-Residential Construction Market 2023-2030 ($M) - Regional Industry Research
14.2.1 Institutional & Commercial Construction Market 2023-2030 ($M)
14.2.2 Industrial Construction Market 2023-2030 ($M)
14.2.3 Public Infrastructure Market 2023-2030 ($M)
LIST OF FIGURES
1.US Elastomeric Membrane Market Revenue, 2023-2030 ($M)2.Canada Elastomeric Membrane Market Revenue, 2023-2030 ($M)
3.Mexico Elastomeric Membrane Market Revenue, 2023-2030 ($M)
4.Brazil Elastomeric Membrane Market Revenue, 2023-2030 ($M)
5.Argentina Elastomeric Membrane Market Revenue, 2023-2030 ($M)
6.Peru Elastomeric Membrane Market Revenue, 2023-2030 ($M)
7.Colombia Elastomeric Membrane Market Revenue, 2023-2030 ($M)
8.Chile Elastomeric Membrane Market Revenue, 2023-2030 ($M)
9.Rest of South America Elastomeric Membrane Market Revenue, 2023-2030 ($M)
10.UK Elastomeric Membrane Market Revenue, 2023-2030 ($M)
11.Germany Elastomeric Membrane Market Revenue, 2023-2030 ($M)
12.France Elastomeric Membrane Market Revenue, 2023-2030 ($M)
13.Italy Elastomeric Membrane Market Revenue, 2023-2030 ($M)
14.Spain Elastomeric Membrane Market Revenue, 2023-2030 ($M)
15.Rest of Europe Elastomeric Membrane Market Revenue, 2023-2030 ($M)
16.China Elastomeric Membrane Market Revenue, 2023-2030 ($M)
17.India Elastomeric Membrane Market Revenue, 2023-2030 ($M)
18.Japan Elastomeric Membrane Market Revenue, 2023-2030 ($M)
19.South Korea Elastomeric Membrane Market Revenue, 2023-2030 ($M)
20.South Africa Elastomeric Membrane Market Revenue, 2023-2030 ($M)
21.North America Elastomeric Membrane By Application
22.South America Elastomeric Membrane By Application
23.Europe Elastomeric Membrane By Application
24.APAC Elastomeric Membrane By Application
25.MENA Elastomeric Membrane By Application
26.Saint-Gobain, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Standard Industries Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sika, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Firestone Building Products Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Carlisle Companies Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Soprema Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.GCP Applied Technologies Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Johns Manville, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Kemper System, Sales /Revenue, 2015-2018 ($Mn/$Bn)