Construction Membrane Market is anticipated to grow at a 6.5% CAGR from 2019 to 2030
Market Industry Reports (MIR) has published a new report titled “Construction Membrane Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global construction membrane market is estimated to be over US$ 2,373.6 Mn in 2019. It is anticipated to grow at a 6.5% CAGR from 2019 to 2030.
The continual growth of the construction membrane market can be attributed to several factors such as increasing residential & commercial constructions projects owing to population growth and better resistance offered by construction membrane against external environmental conditions. Moreover, increasing government investments supporting infrastructural development and the use of renewable energy technologies is anticipated to further contribute to the substantial growth of the global construction membrane market during forecast period. To obtain better insights regarding the market scenario prominent players are increasingly focusing on developing new waterproofing membranes to offer innovative solutions and ensure sustainability. For instance, in April 2019, Keshun Waterproof Technology Co., Ltd., a Chinese waterproofing materials manufacturing company launched Aquathene APF-3000, a self-adhesive modified bitumen waterproof membrane and Aquaprufe APF-C, a pre-applied polymer self-adhesive film waterproofing membrane. The membranes can be applied on walls, tunnels, pool, workshop, and roofs, among others.
The construction industry is one of the major contributors in the economy of any country. Increasing construction activities creates high demand for construction membranes in the market. Construction membrane market covers projects in different sectors including commercial construction, residential construction, industrial construction, and energy & utility construction, among others. For instance, in 2018, Sika Corporation, a leading supplier and manufacturer of construction materials installed Adhered Roof System with G 410 80 mil feltback membrane in white at Aston Kaanapali Shores resort in Hawaii, U.S. The entire project size was 604,000 square feet. The membranes used on the roof were watertight and durable. Therefore, increasing commercial and residential construction projects is propelling the demand for construction membranes across developing & developed countries.
Construction membranes offer superior tensile strength and better temperature resistance against external environmental conditions. Construction membranes prove to be beneficial for residential applications, due to their translucent, water repellant, and fire retardant nature. Moreover, fire safety should be a top priority while planning any type of construction. Using flame-retardant materials in walls and ceilings can avoid the risk of spreading fire. Several companies are associated with the manufacture of flame-retardant materials. For instance, Walki offers a flame-retardant membrane for the construction market.
Browse key industry insights spread across 210 pages with market data tables & figures & charts from the report, Construction Membrane Market by Type (Polyester Fabric, Glass Fabric, and ETFE Sheets), Application (Tensile Architecture, Tents & Tarps, and Sun Shading) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/construction-membrane-market/155
Fluctuating prices of raw materials is one of the major challenge of construction membrane market owing to the growing chances of an upcoming recession and intense global trade war. Moreover, the presence of numerous upcoming players offering products at lower prices to attract price-sensitive customers poses a significant threat to the global construction membrane market.
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, supportive policies to promote infrastructure development and continuously growing economy in the region is anticipated to present a lucrative growth scenario for the construction membrane market. Europe is estimated to dominate the construction membrane market. This growth can be attributed to the increasing infrastructure spending in this region.
Some of the key players operating in the global construction membrane market are Serge Ferrari, Heytex Gruppe, Proctor Group Australia, Sattler PRO-TEX GmbH, Sefar AG, Seaman Corporation, HIRAOKA & Co., Ltd., Saint-Gobain, Naizil Srl, Walki Group Oy, among others.
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