Elastomeric Membrane Market is segmented By Type(Liquid and Sheet), By Component(One-Component and Two-Component), By Application(Roofs and Walls, Underground Construction, Wet Areas, and Others), By End-User(Residential, Commercial, Infrastructure, Industrial, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Elastomeric Membrane Market Share, Size, Demand Insights
The report on global elastomeric membrane analyses the market size, shares, recent trends, competitive intelligence, and future market outlook. Elastomeric membrane usage in large flat and low-slope roofs and requiring minimum maintenance is rising. Demand from residential, and commercial, in ‘The Asia Pacific’ is booming. The competitive rivalry intensifies with Sika AG, BASF SE, Soprema Inc., and others active in the market.
Elastomeric Membrane Market Scope and Summary
|
Metrics |
Details |
|
Market CAGR |
40% |
|
Segments Covered |
By Type, By Component, By Application, By End-User, and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
|
Fastest Growing Region |
Asia Pacific |
|
Largest Market Share |
North America |
To Get a Free Sample Click here
The elastomeric membrane is a waterproof material that withstands high temperatures and ensures the durability of construction and a building, especially a roof. Properties such as moisture and durability resistance make elastomeric membranes an ideal choice for ceilings. It is highly recommended in regions where extreme climatic conditions prevail.
The lifespan of the elastomeric membrane is about 25 to 30 years. These membranes are used on large flat and low-slope roofs and require minimum maintenance. In addition, its excellent property of elasticity makes it apparent for cold climates. The commercial industry witnesses the widespread usage of elastomeric membranes as the focus of the end-user in the industry lies more in the durability of the product. Elastomeric membranes are utilized on roofs, walls, underground construction areas, and wet areas.
Elastomeric Membrane Market Dynamics
The rising interest of make strides toward environmental friendliness and sustainability and the application of 'cool roofs' due to an increased focus on reducing energy consumption drive the elastomeric membrane market. However, a lack of skilled labor is expected to hinder the elastomeric membrane market.
The rising interest of make strides toward environmental friendliness and sustainability drives the elastomeric film market
There is a developing need to diminish the carbon impressions and 'become environmentally friendly, a few guidelines presented by the Environment Protection Agency (EPA) to empower asbestos in roofing materials. For instance, as per the U.S. Green Building Council, Buildings produce contamination both straightforwardly and roundaboutly, addressing 39% of carbon dioxide discharges.
The elastomeric membrane is waterproof, and heat resistant, and helps in further developing the energy productivity of the structure via its high solar reflectance index. Furthermore, It is UV safe and behaves like nonstop "sunblock" for construction. It offers long-haul strength for a structure which is fundamental for some property holders and entrepreneurs.
For instance, Sika AG developed a liquid-applied membrane (LAM). It is a fully-bonded, liquid-based coating suitable for waterproofing and roofing applications. The layer forms a rubber-like elastomeric membrane that is waterproof. Further, it has improved energy efficiency for cool roofs and solar roofs.
The application of 'cool roofs' due to an increased focus on reducing energy consumption drives the elastomeric membrane market
The term 'cool roofs' has recently been coined with an increased focus on reducing energy consumption. There are federal agencies, for instance, that have chosen all materials in specific areas that should meet Energy Star's relaxed material prerequisites. The U.S. Ecological Protection Agency (EPA) set up the intentional Energy Star program, which requires a material film to have an underlying reflectance of .65 and a three-year-matured reflectance of .50 to be viewed as Energy Star evaluated. Along these lines, plan groups ought to consider accessible material choices consistent with excellent material prerequisites.
Cool rooftop frameworks are gainful in environments where a structure inside requires additional cooling days than heating days. They reduce energy costs and improve the environment. Elastomeric membranes are utilized in achieving a cool roofing process. Therefore companies are developing and launching new efficient elastomeric membranes. For instance, Sika AG developed Sikalastic -560 which has high reflectance properties. It is an economical, eco-friendlyliquid-appliedd roofing waterproofing membrane. In addition, it is included in the Cool Roof Rating Council (CRRC).
The lack of skilled labor is expected to hinder the elastomeric membrane market
Elastomeric membrane coating is a cost-effective solution compared to many alternatives and is applied similarly to paint. However, it is not a job for a novice or DIYer. It requires expertise, knowledge, and safety precautions and should only be applied by an experienced professional. The professional will offer guidance based on on-the-job experience and help in achieving the desired look.
Elastomeric Membrane Market Segment Analysis
Based on type, the elastomeric membrane is categorized into liquid-applied and sheet-type membranes.
A liquid-applied membrane is a fully-bonded, monolithic, liquid-based coating suitable for waterproofing and roofing applications. The coating cures to form a rubber-like elastomeric membrane and can be applied over many substrates, including asphalt, bitumen, and concrete. It is a popular choice and widely utilized because it is ideal for exposed roofs with complex designs and penetrations. It is seamless and fills in cracks, gaps, and voids in the substrate. In addition, it is cost-effective, especially for roof renovations and repair projects.
The major players are developing and launching products, contributing to the growth of the elastomeric membrane market globally. For instance, W. R. Meadows, Inc. launched HYDRALASTIC 836 SL waterproof membrane, a single-component, cold-applied, and solvent-free. It has low VOC content. Therefore, it is suitable for use on interior or exterior concrete surfaces.
Elastomeric Membrane Market Geographical Analysis
The elastomeric membrane market is segmented into North America, Europe, South America, Asia-Pacific, and the Middle East & Africa based on geography.
Asia-Pacific dominates the elastomeric membrane market with the growing construction and infrastructure industries in countries like China and India
Asia-Pacific region dominates the elastomeric coating market share with growing construction activities in countries such as China, India, and others countries. For instance, the Chinese government has extensive construction plans, such as making provisions for the movement of 250 million people to the new megacities. As per the National Bureau of Statistics (NBS), in 2020, real estate investment in China rose 7.0%, accelerating from a 6.8% gain in the first 11 months of the year.
Furthermore, in 2017, the Indian government announced an investment worth US$ 31,650 billion to construct 100 cities under the smart cities plan. In addition, one hundred smart cities and 500 cities are likely to invite investments worth around US$ 28.18 billion. Around 9% of India's GDP is spent on infrastructural services. India's government has given enormous momentum to the infrastructural sector by allocating US$ 92.22 under the Union Budget 2018-2019.
Therefore, with the growing construction activities and infrastructure, elastomeric coating demand is expected to rapidly increase over the forecast period.
Elastomeric Membrane Companies and Competitive Landscape
The elastomeric membrane market is consolidated with the presence of local as well as global companies. Some of the key players contributing to the market's growth include Sika AG, BASF SE, Soprema Inc., Saint-Gobain S.A, KEMPER SYSTEM, Johns Manville, and Carlisle Companies Inc, Firestone Building Products, KARNAK, GCP Applied Technologies Inc., among others. The companies are adopting several growth strategies such as product launches, acquisitions, and collaborations, which contribute to the growth of the elastomeric membrane market globally.
Sika AG
Overview: Sika AG is a multinational Swiss company that supplies specialty chemicals to the building and motor vehicle industries. The company is headquartered in Baar, Switzerland. The company produces systems and products for bonding, damping, sealing, reinforcing, and protecting.
Product Portfolio: Sika AG's Sikalastic-560 is an economical, eco-friendly liquid-applied roofing waterproofing membrane. It has high reflectance properties. In addition, it is included in the Cool Roof Rating Council (CRRC).
Key Development:
- In December 2020, Sika AG expanded its cooperation with CiDRA Concrete Systems Inc., headquartered in Eden Prairie, Minnesota, and completed a growth equity investment partnership to supplement the existing global relationship.