Elastomeric Membrane Market – Global Industry Report, 2031

Elastomeric Membrane Market Introduction

  • Elastomeric membrane is a liquid applied coating based on urethane prepolymers that cures by reaction with atmospheric moisture to give a continuous film, which is rubbery and elastic. Elastomeric membrane is a waterproof roofing material that can withstand high temperatures and ensure excellent durability of the roofing material.
  • Elastomeric membrane roofs are known for their durability and moisture resistance, and have an attractive finish that provides the roof with a sparkling, polished look. White elastomeric membrane is gaining popularity. Currently, it is mandatory in some cities and regions.
  • Based on type, the global elastomeric membrane market can be segmented into sheet and liquid. With a blowtorch, a base elastomeric membrane (or modified bitumen membrane) is fused to a finishing membrane, composed of colored granules, and is typically black or white (to protect the roof from the sun’s heat). Self-adhesive elastomeric membranes use cold-install technology (without the use of a blowtorch), which lessens the risk of fire during installation and eliminates the odor of hot asphalt. The global elastomeric membrane market can be segmented based on type and end-use.

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Key Drivers of Elastomeric Membrane Market

  • Increase in infrastructure activities; and presence of strict environmental norms and regulations are key factors driving the elastomeric membrane market. Government regulations mandate certain standards to be followed for waterproofing materials in major parts of the world. Some countries in Europe follow the roofing standards. These standards play a vital role in prompting consumers to prefer elastomeric membranes. Rise in investments in the commercial construction sector of emerging countries such as India and Indonesia is expected to boost the elastomeric membrane market.
  • Growth in usage of elastomeric membrane in construction applications is expected to boost the market during the forecast period. Elastomeric membrane is widely used in residential and non-residential construction projects. This is augmenting the construction industry. In turn, this is driving the elastomeric membrane market.

Restraints of Elastomeric Membrane Market

  • Fluctuation in prices of raw materials is the key restraining factor of the elastomeric membrane market. Instability in raw material prices can restrict the elastomeric membrane market. Additionally, availability of substitutes due to research and development activities is also likely to restrain the market during the forecast period.

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COVID-19 impact on Elastomeric Membrane Market

  • The COVID-19 outbreak is hampering the demand for elastomeric membrane in many applications. Many governments across the globe have enforced lockdowns as measure to curb the spread of the coronavirus. This has resulted in slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this is hampering the demand for elastomeric membrane.
  • Key players operating in the elastomeric membrane market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these materials.
  • The COVID-19 outbreak has directly affected the production and demand for elastomeric membrane. The industrial shutdown caused by the COVID 19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.

Asia Pacific to Constitute Significant Share of Global Elastomeric Membrane Market

  • In terms of region, the global elastomeric membrane market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • Asia Pacific dominated the global market in 2020. North America also accounts for large share of the elastomeric membrane market, led by enactment of regulations and norms for pollution control by the U.S. Government.
  • The non-residential sector in Asia Pacific is witnessing significant growth due to increase in industrial development in China, Japan, and India. This is boosting institutional construction, thus driving the elastomeric membrane market.
  • Asia Pacific is also one of the key consumers of elastomeric membrane. The market in the region is anticipated to expand at a faster pace than that in other regions during the forecast period. Expansion of the construction industry is expected to drive the elastomeric membrane market in Asia Pacific during the forecast period.

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Competitive Landscape of Global Elastomeric Membrane Market

  • Major players operating in the global elastomeric membrane market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. The market is currently witnessing fierce competition among several leading players. Key players operating in the global market include:
    • Soprema Inc
    • BASF SE
    • Saint-Gobain S.A.
    • Johns Manville
    • Sika AG
    • Carlisle Companies Inc
    • GCP Applied Technologies Inc
    • Firestone Building Products
    • KARNAK

Global Elastomeric Membrane Market: Research Scope

Global Elastomeric Membrane Market, by Type

  • Solid
  • Liquid

Global Elastomeric Membrane Market, by End-use

  • Residential
  • Commercial
  • Industrial

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