The global sheet membrane market is expected to grow at a CAGR of more than 6% during the forecast period, 2017-2021.
Technavio has announced its latest market research report on the global sheet membrane market, under its bio-chemicals and bio -materials portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like BASF, Dow Chemical, Saint-Gobain, Sika, and SOPREMA.
According to Ajay Adikhari, a lead analyst for bio-chemicals and bio -materials research at Technavio, “Sheet membranes are being used extensively in residential, commercial, and industrial constructions owing to their distinctive waterproofing properties. Sheet membranes are also blended with high-performance polymers and substances for enhancing their durability. The growing need for building renovation, diversifying lifestyle, and increasing disposable incomes in emerging economies are some of the key factors that will have a positive impact on the market’s growth.”
Improvements in construction practices to enhance building qualities are expected in emerging economies. Rising investments in the construction of flyovers, subways, dams, drainages, pipelines for water streaming, canals, power plants, and wastewater treatment plants will increase the demand for sheet membranes during the forecast period.
Rising popularity of bituminous waterproofing membrane
Bituminous sheet membranes, owing to their ease of installation, are widely being used in the construction industry. These membranes safeguard vulnerable joints and resist the entry of water in cracks. Waterproofing roof solutions using bituminous sheet membranes are achieving widespread industry recognition for their numerous performance and installation benefits. The rising adoption of bituminous waterproofing membrane is expected to reflect positively on the growth of the global sheet membrane market by 2021.
Increasing use of polymers
Polymers, owing to ease of raw material accessibility and excellent thermal and weather endurance, have a consequential impact on the overall demand for waterproofing membranes such as sheet membranes. Thermoplastic polyolefins (TPOs), polyurethanes, polyvinyl chloride, ethylene propylene diene monomer (EPDM), high-density polyethylene, low-density polyethylene are some of the key polymers that are used for waterproofing applications. The rising use of these polymers in roofing applications, which is the main application for the waterproofing membrane market, is expected to contribute to the overall growth of the global sheet membrane market.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
Other related reports:
- Global Glycerol Market 2017-2021
- Global Biodegradable Paper Packaging Materials Market 2017-2021
- Global Gelatin Market 2017-2021
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