A12608 | Pages: NA | Sep 2022 | 1078 Views | ||
Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Tpo Roofing Membrane Market
Request Now !Thermoplastic polyolefin is a single-ply roofing membrane that is one of the fastest growing commercial roofing systems on the market. TPO roofing systems are made up of a single layer of synthetics and reinforcing scrim that can be used to cover flat roofs. TPO membranes can be installed on high and low slope surfaces easily for making the building roofs waterproof. Roof waterproofing is usually required to protect the building against penetration of water and other liquids. Membranes made from TPO are adaptable to structural movements of a building and are insensitive to the fluctuating cold-heat cycles. These membranes can be repeatedly heated, melted, and reshaped. The flexibility of TPO membranes allows it to be installed rapidly and its huge panels reduce the number of seams which is expected to cut down its maintenance and labour cost drastically. These membranes are highly active in absorbing the sun’s energy which helps in dipping the buildings cooling cost. TPO membranes market is expected to experience growth by the introduction of self-adhering TPO membranes which are used increasingly for flashing walls, curbs, and deck applications. This factor is expected to augment the demand for TPO membranes globally over the projected period. These membranes are suitable for the applications of landfills, tunnelling, irrigation canals, and other works which require high static, mechanical, and dynamic resistance. Increase in use of TPO membranes for underground waterproofing of tunnels boost its market demand owing to its various advantages such as its longer sustainability and safe installation.
Market Scope and Structure Analysis
Report Metric | Details |
 Market Size Available for Years  |  2020-2030 |
 Base Year Considered  |  2020 |
 Forecast Period  |  2021-2030 |
 Forecast Unit  |  Value (USD) |
 Segments Covered  |  Thickness, Application and End-user industry |
 Regions Covered  |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Carlisle Companies Inc., Firestone Building Products Company, Soprema Group, BASF SE, GSE Environmental, The Dow Chemical Company, Sika AG, Johns Manville and GAF Materials Corporation. |
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COVID-19 Impact analysis
Top Impacting Factors
The commercial segment is expected to remain the largest end use market by value and volume due to surge in focus of building owners and contractors (government and private) on environment friendly, energy efficient roofing solutions. The residential segment is expected to witness the highest growth during the forecast period due to increase in residential construction activities and government initiatives to use products that offer a higher standard of energy efficiency in buildings. The major drivers for this market are growth in the building & construction industry and increase in demand for green roofing solutions. The 45 mil thickness TPO roofing membrane segment is projected to remain the largest segment due to its low cost and its preference for buildings which need 10-15 years of service life. TPO roofing membranes with 80 mil thickness segment is expected to witness highest growth during the forecast period due to surge in demand for materials with greater strength, energy efficiency, durability, and performance. North America is expected to remain the largest region during the forecast period due to stringent government regulations and building codes for energy efficiency. Asia-Pacific is expected to witness the highest growth rate during the forecast period due to increase in construction activities and rise in awareness about cost effective building solutions.
Market Trends
Key Segments Covered
Thickness
Application
End-user industry
Region
Key Benefits of the Report
Key Market Segments
Segments | Sub-segments |
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By Thickness |
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By Application |
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By End User |
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By Region |
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Key Market Players
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