Market Size of Single-ply Membranes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 9.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Single Ply Membrane Market Analysis
The market for single-ply membranes is expected to register a CAGR of over 9 % during the forecast period.
- The COVID-19 pandemic impacted the overall single-ply membranes market in 2020. However, the upsurge in construction activities in the Asia-Pacific region propelled the demand for single-ply membranes.
- Major factors driving the market are the growing demand for lighter and faster construction roofing materials in Europe, rising private construction expenditure in the North American region, and increasing investments in the construction sector in emerging economies of Asia-pacific. Fluctuating prices of raw materials are expected to hinder the market's growth.
- Increasing usage in the Asia-Pacific region is likely to act as an opportunity in the future. North America is the largest market for single-ply membranes, with the largest consumption from countries such as the United States and Canada.
