Bitumen Membranes Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Grade (Atactic Polypropylene, Styrene-Butadiene-Styrene, and Others), Product Type (Sheets, and Liquids), End-user Industry (Construction, Automotive, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Bitumen Membranes Market - Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: >4 %

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Market Overview

The global market for bitumen membranes is expected to register a CAGR of over 4% during the forecast period. The major factor driving the market studied is growing construction activities in the Asia-Pacific region. On the flip side, the slowdown in the global automotive production and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • The construction industry is expected to dominate the bitumen membranes market over the forecast period.
  • The European region is expected to account for the largest share of the global bitumen membranes market over the forecast period.

Scope of the Report

The Bitumen Membranes market report includes:

Grade
Atactic Polypropylene
Styrene-Butadiene-Styrene
Others
Product Type
Sheets
Liquids
End-user Industry
Construction
Residential
Non-residential
Automotive
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Construction Industry to Dominate the Demand

  • Bitumen membranes are used in the construction industry for various applications, which include roofing, terraces, tank lining, podiums, below-grade structures, and basements, among others.
  • Currently, the global construction industry has been growing steadily. The construction industry in the Asia-Pacific region is growing at a significant pace, with China, India, and the Southeast Asian countries being in the hotspot.
  • The construction sector in India has been growing rapidly, with increased investment by the government. The Indian government's ‘Housing for All by 2022’ initiative is also a major game-changer for the industry.
  • In the North American region, the demand from the United States is expected to increase, owing to the major growth in residential, healthcare, commercial, and office buildings. The residential construction in the United States has been on the rise over the past few years.
  • Therefore, the growing construction activities are expected to boost the demand for the market studied during the forecast period.
Bitumen Membranes Market Revenue Share

Europe Region to Dominate the Market

  • The European region is expected to account for the largest share in the global bitumen membranes market over the forecast period.
  • Germany has the largest construction industry in Europe. According to industry experts, the demand for new houses is estimated to be around 350,000 per year until 2020, which is expected to boost the construction sector.
  • Additionally, the non-residential and commercial buildings in the country are expected to witness significant growth prospects in the coming years. The growth is supported by lower interest rates, an increase in real disposable incomes, and numerous investments by the European Union and the German governments.
  • The residential construction in the United Kingdom is witnessing growth steadily. However, the non-residential sector in the country is struggling and is expected to recover during the forecast period.
  • In Italy, the residential building segment is expected to grow steadily, owing to the high risk of business failure. However, non-residential buildings and civil engineering activities are expected to be the primary focus of the government during the forecast period. The increase in public investments and the maintenance of existing buildings are expected to boost the construction industry in the country.
  • Therefore, the demand for bitumen membranes is expected to grow in European countries during the forecast period.
Bitumen Membranes Market Regional Trends

Competitive Landscape

The global bitumen membranes market is partially fragmented. The major companies of the market studied include Sika AG, Soprema International, BMI Group, Total, and BASF SE, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Construction Activities in Asia-Pacific Region

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Slowdown in the Global Automotive Production

      2. 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Grade

      1. 5.1.1 Atactic Polypropylene

      2. 5.1.2 Styrene-Butadiene-Styrene

      3. 5.1.3 Others

    2. 5.2 Product Type

      1. 5.2.1 Sheets

      2. 5.2.2 Liquids

    3. 5.3 End-user Industry

      1. 5.3.1 Construction

        1. 5.3.1.1 Residential

        2. 5.3.1.2 Non-residential

      2. 5.3.2 Automotive

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 ARDEX Group

      2. 6.4.2 BASF SE

      3. 6.4.3 BMI Group

      4. 6.4.4 Bondall

      5. 6.4.5 Firestone Building Products Company, LLC

      6. 6.4.6 IKO PLC

      7. 6.4.7 Isoltema Spa

      8. 6.4.8 Sika AG

      9. 6.4.9 Soprema International

      10. 6.4.10 Tiki Tar Industries India Ltd

      11. 6.4.11 Total

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Bitumen Membranes Market market is studied from 2016 - 2026.

The Bitumen Membranes Market is growing at a CAGR of >4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Sika AG, Soprema International, BMI Group, Total, BASF SE are the major companies operating in Bitumen Membranes Market.

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