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Bitumen membranes are polymeric-based materials obtained from bitumen, which is very thick and viscous. By undergoing several operations bitumen membranes are manufactured and possess significant properties such durability, stability of factory-set technical parameters, superior resistance against varying weather conditions, and simplicity in installation, which makes it suitable to be used as waterproofing and as a rustproof material. Other applications of bitumen membranes include foundation of engineering structures such as roads, bridge decks, flat roofs, and vapor barriers. Bitumen membranes are also widely used in automotive industries due to their rustproofing property. Apart from protecting the outer premises bitumen membranes also provides durability to the whole facility. It can be used either in the form of sheets for waterproofing purposes in buildings and tunnels or can be used in liquid form over metallic surfaces for rust and moisture proofing works. APP (Atactic polypropylene), which is one of the grades of bitumen membranes is known for its superior adhesive property and is extensively used for waterproofing applications such as curtain walls, sloping concrete roofs, and terrace or roofs of buildings.
COVID-19 Scenario Analysis
Rapid growth of the construction industry is one of the prime factors for growth of the bitumen membrane market in the Asia-Pacific where bitumen membranes find a wide variety of applications such as waterproofing of civil foundations such as roads, bridge decks, and flat roofs, underlay of pitched roofs for both commercials as well as residential architectures. It is majorly driven by countries such as China, India, and Japan where respective governments are planning for new infrastructure projects and upgrading previous constructional activities with better ones. Bitumen membranes are used as rust shield materials for metal parts in automobile. Hence, rise in the automotive sector is expected to also propel growth of the global bitumen membranes market. Moreover, one of the key driving factors for growth of the global bitumen membranes market is the easy availability of products due to ample supply in the global market. However, price fluctuations of crude oil, owing to several international and geopolitical issues hamper growth of the bitumen membrane market. Furthermore, Smart City Mission and AMRUT, an initiative by the government of India is expected to create lucrative opportunities for the global bitumen membrane market. In addition, upcoming construction projects of developed nations such as Bruce Highway Upgrade in Australia, Las Vegas Convention Center people mover in the U.S will increase growth of the bitumen membrane market during the forecast period.
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Questions answered in the global bitumen membranes market research report:
Bitumen Membrane Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
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Key Market Players | BTM, Tiki Tar, Johns Manville, Isoltema Group, BMI Group, Firestone Building Products Company, LLC, Ardex, IKO Group, Soprema International, BASF SE |
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