(MENAFN- The Express Wire)
Posted on May 13 2022 5:32 AM
'Companies covered are Sika AG, Pidilite Industries, BASF SE, Chembond Chemicals, The Dow Chemical Company, Chembond Chemicals, Fosroc International, Saint Gobain, H.B. Fuller Construction Products Inc, Applied Membranes, Inc, soprema and many more in Liquid Applied Membranes Market research report
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The global liquid applied membranes market size is expected to witness the highest CAGR in the forthcoming years. The low-viscosity membrane possesses the capabilities of adapting to any design and is usually used in waterproofing. The market for liquid applied membranes is rapidly growing . Fortune Business Insights™ has presented this information in an upcoming report titled, “Liquid Applied Membranes Market, 2021-2028”.
The report elucidates different factors that are stimulating the liquid applied membranes market growth. For instance, Elastomeric membranes possess excellent tensile strength and retention properties. The robust performance of these membranes finds crucial application in high-end applications. Factors such as these are driving the demand in the market.
COVID-19 Impact-
The global health crisis has affected more than 200 countries across the globe. Shrunken revenues due to low workforce and low productions are hampering the market growth. However, the Covid-19 pandemic has taught us the importance of resilience. Players across the globe are exhibiting excellent leadership qualities as they are continuously trying to wade through the pandemic. With the vaccines now available to the masses, markets and industries are gradually gaining traction. It is unclear to comment on how long the situation may persist this way. However, our research report's recent in-depth analysis will help you gain valuable insights into this niche market.
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Segmentation-
On the basis of its type, the liquid applied membranes market divides into elastomeric, bituminous, and cementitious. On the basis of its application, the market segments into underground construction, roofing, walls, etc. Geographically, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage-
The report follows top-down and bottom-up approaches for a thorough assessment of the market. The report presents key insights into the competitive landscape of the liquid applied membranes market, including the information regarding the rankings and positioning of major players. The report incorporates Porters' Five Forces Analysis and PESTLE Analysis for an infallible prediction. The report also contains information gathered through interviews with reputed stakeholders at regional, country, and global levels. The report also highlights the recent industry developments and contains information on the key trends, new product launches, expansions, and acquisitions in the prospected market.
Drivers & Restraints-
Rising Infrastructural Developments to Spurt Growth
Liquid applied membranes possess some excellent characteristics such as long shelf-life, easy application on horizontal and vertical surfaces, and are compatible with several substrates, including wood, stone, and ceramic. Moreover, they can improve a variety of polymers and high-performance materials used in waterproofing. Growing infrastructural developments and the excellent properties of liquid applied membranes are expected to drive market growth.
However, access to relatively cheaper and enhanced waterproofing techniques available in the market is expected to act as a restraint to market growth.
Regional Insights-
North America to Maintain Dominance with its Robust Construction Industry
Rapidly growing infrastructural developments and the wide application of liquid applied membranes in the construction industry are expected to help North America hold the largest liquid applied membranes market share.
Similarly, the rising population and rapid urbanization in countries like India and China are fueling the demand for liquid applied membranes consumption in the Asia Pacific. Favorable government schemes and increasing personal disposable income are expected to showcase the fastest growth rate in Asia Pacific.
Increasing renovation and restoration projects are expected to drive Europe's market. Swift industrialization is expected to augment the market growth and showcase considerable growth for Europe.
A sluggish growth rate is expected from the Middle East & Africa, and Latin America in the foreseeable future.
Competitive Landscape-
Technological Advancements and New Product Launches to Prevail as Key Trends
The liquid applied membranes market is moderately consolidated with regional and global players. Several key players are pushing their available resources to get the best outcomes in terms of industry growth. For instance, in 2017, Soprema launched a new vapor penetrable air barrier technology that offers moisture protection and air infiltration. This advancement in liquid-applied technology has revealed new dimensions for growth.
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Industry Developments-
January 2020: BASF launched an innovative thick HDPE membrane known as MasterSeal 730 UVS for below low-grade structures' sealing. The high-density sheet membrane provides a monolithic and durable bond and increases the waterproofing longevity.
Key Players in Liquid Applied Membranes Market:
- Sika AG
- Pidilite Industries
- BASF SE
- Chembond Chemicals
- The Dow Chemical Company
- Fosroc International
- Saint Gobain
- B. Fuller Construction Products Inc
- Applied Membranes Inc.
- Soprema
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Email: sales [@] fortunebusinessinsights [.] com
Phone: US +1424 253 0390 / UK +44 2071 93912
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