Bitumen Membrane Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Bitumen Membrane Market Insights and Forecast -2027

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

• Temporary shutdown of infrastructure and construction activities due to the COVID-19 pandemic has decreased the demand for bitumen membranes based waterproofing agents, which hampers growth of the bitumen membrane market.
• Rise in the prices of petroleum-based products during the pandemic has led to a price hike of raw bitumen, which ultimately increases rice of bitumen membranes, and hence the bitumen membrane market is expected to experience a downfall in demand.
• However, owing to its application as waterproofing agent, underlay for pitched roofs, and superior vapor barrier material, demand for bitumen membranes may propel post-COVID-19 scenario, owing to the expansion of construction and infrastructure projects in developing nations such as Chin and India.

Top impacting factors: market scenario analysis, trends, drivers, and impact 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.

Key benefits of the report

• This study presents the analytical depiction of the global bitumen membrane market industry along with the current trends and market estimation to determine the imminent investment pockets.
• The report represents information related to key drivers, restraints, and opportunities along with a detailed analysis of the bitumen membrane market share.
• The current market is quantitatively analyzed to highlight the bitumen membrane market growth scenario.
• The report provides a detailed market analysis depending on competitive and how the competition will take shape in the coming years.
• This report helps users in comprehending the key product segments and their future.

Questions answered in the global bitumen membranes market research report:

• Which are the leading players active in the global bitumen membranes market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What should be the response of the bitumen membranes market players amid the COVID-19 pandemic?
• What are the projections for the future that would help in taking further strategic steps?
• What is the outlook of the industry?
• What are the emerging key segments in the bitumen membranes market?
• What are the major changes and assessments in bitumen membranes market dynamics?

 Bitumen Membrane Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights