The global bitumen membranes market is expected to reach USD 3.74 billion by year 2027, at a CAGR of 4.8%. according to a new report by Reports and Data. Bitumen membranes were designed to cover industrial and residential buildings. They’re constructed of extremely viscous, elastic, and water-proof organic liquids. On nearly flat or level roofs, bitumen membranes are used as a roofing device to prevent any leaks and to move water off the roof. Bitumen membranes are used for extensive applications, including humidifying, water-proofing, binding, rust-proofing, joint filling, and crack forming. Road expansion and rebuilding of current infrastructure, including buildings and bridges, are several main places where the demand for commodities is projected to rise steadily. Rising demand from the building sector has driven product production. Increasing government requirements due to environmental legislation coupled with low-cost roofing systems are significant factors in roofing applications that drive demand for polymer-modified bitumen (PMB). Excellent longevity, flood resistance, and high-temperature tolerance have culminated in an enhanced need for PMB.
The market will dominate by the grade of Atactic Polypropylene (APP). APP is commonly used for the application of water-proofing on the terrace or house roofs, curtain walls, sloping concrete floors, foundations, etc. Ios has many superior features such as usability, excellent life expectancy, superior weather tolerance, strong dimensional durability, outstanding adhesive properties, high tolerance to puncturing & mechanical injury, excellent chemical resistance, etc. Growing usage of the Device grade would accelerate the growth of this segment in the construction industry.
With the integration of thermoplastic polymers with oxidized or straight-run bitumen and a mineral filler, modified bitumen membranes are prepared. A polyester mat or fiberglass is coated on the mixture. Water-proofing devices produced from these materials are constructed from polymer-modified bitumen sheets with a simple base layer. On construction sites, these sheets are laminated together.
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Key participants include Jiangsu Changzhou Xinyuan Waterproof Equipment Factory, Soprema International, Firestone Building Products Company LLC, Isoltema Group, Indian Oil Corporation, BASF SE, Johns Manville, BMI Group, Tiki Tar, and IKO Group, among others.
Further key findings from the report suggest
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Market Overview:
Rapid developments in the manufacturing sector and equipment, robust growth in the building and construction sector, high adoption for eco-friendly materials in constructions and increasing demand for smart buildings and smart homes are boosting market growth. Steady increase in the disposable income across the globe, improvements in the standard of living, increasing number of redevelopment plans and high demand for aesthetic look and posh homes are further fueling market growth. In addition, increasing R&D investments, and government schemes to support manufacturing and construction industry are fueling growth of the global Bitumen Membranes market.
Bitumen Membranes Market Segmentation:
For the purpose of this report, Reports and Data have segmented into the global Bitumen Membranes market on the basis of grade, product, application, and region:
Grades Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Product Outlook (Volume, Kilotons; 2017-2027, Revenue, USD Billion; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
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Detailed Regional Analysis Covers:
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