Elastomeric Membrane Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Elastomeric Membrane Market is Segmented by Type (Polyurethane, Acrylic, Silicone, Other Types), End-user Industry (Residential, Non-residential), Application (Roofs, Walls, Wet Areas, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

Market Snapshot

Elastomeric Membrane Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The market for the elastomeric membrane is expected to register a CAGR of over 5% during the forecast period. The primary factor driving the market studied is the increasing demand from the infrastructure sector. On the flip side, the availability of various cheap alternative materials like asphalt and gravel and the unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.

  • Urbanization & commercialization of countries in the Asia-Pacific region is expected to offer various opportunities for the growth of the market.
  • The non-residential industry is expected to dominate the global elastomeric membrane market over the forecast period.
  • Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.

Scope of the Report

The Elastomeric Membrane Market report includes:

Type
Polyurethane
Acrylic
Silicone
Other Types
End-user Industry
Residential
Non-residential
Commercial
Infrastructure
Industrial
Application
Roofs
Walls
Wet Areas
Other Applications
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 Europe
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Non-residential Industry to Dominate the Market

  • The elastomeric membrane is made up of thermoplastics, thermosets, or modified bitumen, and it is used extensively in roofing systems in the non-residential sector.
  • Modern-day buildings require advanced roofing systems that can withstand and resist harsh weather conditions and water. So, the elastomeric membrane becomes the ideal choice owing to its durability, moisture resistance, water tightness, and attractive finish.
  • The National Development and Reform Commission of China authorized plans to build infrastructure projects in China and approved the construction of seven projects with a total investment of CNY 485 billion (~USD 72 billion) in January 2019.
  • Major infrastructure projects in the United States which are expected to be completed over the forecast period include - Baltimore-Washington Airport, Dallas Fort Worth Airport, Columbus Airport, Dreamport Villages Amusement Park, TSX Broadway, etc.,
  • The non-residential segment is expected to dominate the global elastomeric membrane market and also expected to be the fastest-growing market over the forecast period.
Elastomeric Membrane Market RevenueShare

Asia-Pacific Region to Dominate the Market

  • Asia-Pacific region is expected to be the dominant market in elastomeric membrane consumption. This is due to the planned urban infrastructure projects in countries like China, Japan, South Korea, India, and Southeast Asian nations.
  • The elastomeric membrane is mostly consumed in commercial buildings, malls, rooftops, wet areas, etc. Also, the construction industry in the Asia-Pacific region is expected to witness a CAGR of more than 4% during the forecast period, ensuring the regular demand for elastomeric membrane in the Asia-Pacific region.
  • The UN estimates that well over half of Asia’s 4.5 billion residents will live in cities by 2026. With the increasing number of planned cities in Asia, the demand for the elastomeric membrane will continue to increase.
  • Moreover, China has become the largest construction market in the world. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry was forecasted to maintain a continuous growth of around 5 % annually.
  • Hence, the Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from various countries.
Elastomeric Membrane Market Regional Trends

Competitive Landscape

The elastomeric membrane market is fragmented with the presence of both international and domestic players. The major companies in the market studied include Covestro AG, Soprema Group, Dow, Sika AG, and Johns Manville, 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 Increasing Demand from Applications in the Infrastructure Sector

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Availability of Cheap Alternatives like Asphalt and Gravel

      2. 4.2.2 Unfavorable Conditions Arising Due to the 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 Supplier

      2. 4.4.2 Bargaining power of Buyer

      3. 4.4.3 Threat of New Entrant

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. Market Segmentation

    1. 5.1 Type

      1. 5.1.1 Polyurethane

      2. 5.1.2 Acrylic

      3. 5.1.3 Silicone

      4. 5.1.4 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Residential

      2. 5.2.2 Non-residential

        1. 5.2.2.1 Commercial

        2. 5.2.2.2 Infrastructure

        3. 5.2.2.3 Industrial

    3. 5.3 Application

      1. 5.3.1 Roofs

      2. 5.3.2 Walls

      3. 5.3.3 Wet Areas

      4. 5.3.4 Other Applications

    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 Europe

      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 Merger & 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 BASF SE

      2. 6.4.2 Barrett Company

      3. 6.4.3 Carlisle Corporation

      4. 6.4.4 Covestro AG

      5. 6.4.5 Dow

      6. 6.4.6 FabriTec Structures

      7. 6.4.7 Firestone Building Products Company, LLC

      8. 6.4.8 Fosroc Inc.

      9. 6.4.9 Hempel A/S

      10. 6.4.10 Hyload

      11. 6.4.11 Johns Manville

      12. 6.4.12 Lapolla Industries, Inc.

      13. 6.4.13 POLYGLASS S.p.A

      14. 6.4.14 Saint-Gobain Weber

      15. 6.4.15 Sika AG

      16. 6.4.16 Soprema Group

      17. 6.4.17 Triton Incorporated

      18. 6.4.18 Uniflex

    5. *List Not Exhaustive
  7. 7. Market Opportunities and Future Trends

    1. 7.1 Urbanization & Commercialization of Countries in the Asia-Pacific Region

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Elastomeric Membrane Market market is studied from 2016 - 2026.

The Elastomeric Membrane Market is growing at a CAGR of >5% over the next 5 years.

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

Asia Pacific holds highest share in 2020.

Covestro AG, Soprema Group, Dow, Sika AG, Johns Manville are the major companies operating in Elastomeric Membrane Market .

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