Market Size of Elastomeric Membrane Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Elastomeric Membrane Market Analysis
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.
