Liquid Applied Membrane Market Size is Expected to Reach 1.75 Million Tonnes by 2030 | ChemAnalyst

Posted January 16, 2023 by chemanalystreports

The global liquid applied membranes market demand stood at 1.09 Million Tonnes in 2020 and is forecast to reach 1.75 Million Tonnes by 2030, growing at a healthy CAGR 4.89% until 2030.
According to ChemAnalyst report, “Liquid Applied Membranes Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, liquid applied membranes market demand stood at 1.09 Million Tonnes in 2020 and is forecast to reach 1.75 Million Tonnes by 2030, growing at a healthy CAGR 4.89% until 2030. Growing infrastructure and commercial projects in emerging economies coupled with growing population and subsequent urbanization is expected to drive the demand of liquid-based membrane for the forecast period.

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Liquid applied membrane are liquid based surface coatings which are used in many waterproofing and roofing applications. The coating undergoes curing to form an elastomeric waterproof membrane which can be applied over many substrates including asphalt, concrete, and bitumen. Based on type, liquid applied membranes can be segmented into bituminous, elastomeric, and cementitious. Liquid applied membrane has several properties including water resistance, environment resistance, and chemical resistance. Due to these properties, it finds application in roofing, walls, building structures, and roadways.

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Liquid applied membranes are chemicals which are available in liquid form and are applied onto the desired surface to develop an elastomeric waterproof membrane to ensure that the applied area is waterproof for a long period of time. Liquid applied membrane can be applied onto several substrates including asphalt, concrete and bitumen because it has additives which have binding capacity to the substrates. Liquid applied membrane has many properties which ensure it has wide range of applications. Its properties include water resistance, environment resistance and most importantly chemical resistance. Once applied the liquid cures and develops an elastomeric surface which has properties such as high mechanical strength and waterproofing capacity.

Liquid applied membranes are related to construction hence their price is directly linked to the fluctuations in the demand of construction. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of construction rendered a major downfall in the liquid applied membranes, hence the prices remained low for liquid applied membranes during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

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Regionally, Asia Pacific dominates the liquid applied membranes market and holds the largest market share in FY20. Asia’s liquid applied membranes market is anticipated to grow in the economies like China due to increasing demand of construction.

Major players for liquid applied membrane globally include GAF Materials Corporation, Kemper System America Inc., Pidilite Industries Limited, Sika AG, Dow Chemical Company, Fosroc Ltd., Paul Bauder GmbH & Co. KG, BASF SE, and CICO Technologies Limited.

“Being linked to the construction industry, the liquid applied membranes industry has shown a robust growth alongside growing population and subsequent urbanization. China serves as the key growth region with sufficiently installed capacities for liquid applied membranes. With new competitors emerging across the Asia Pacific liquid applied membranes market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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Categories Business
Tags liquid applied membrane market
Last Updated January 16, 2023