Bitumen Membranes Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 2.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Bitumen Membranes Market Analysis
The Bitumen Membranes Market size is estimated at 0.99 Billion square meters in 2024, and is expected to reach 1.12 Billion square meters by 2029, growing at a CAGR of greater than 2% during the forecast period (2024-2029).
COVID-19 has had a significant impact on the bitumen membrane industry. The construction industry has faced challenges such as lockdowns in different countries, logistical constraints, supply chain interruptions, workforce shortages, limited component availability, decreased demand, low company liquidity, and manufacturing shutdowns due to lockdowns, has experienced adverse impacts. In response, raw material suppliers and affiliated businesses are compelled to reassess their strategies to address the industry's needs during this crisis period. However, the condition recovered in early 2021, thereby restoring the market's growth trajectory.
- The growing construction activities in the Asia-Pacific region and the versatility of membrane applications in various areas, such as waterproofing, humidifying, binding, and other applications, are likely to enhance market demand.
- On the flip side, the potential health and environmental issues affiliated with bitumen membranes due to the presence of various solvents and diluents are hindering the growth of the market.
- Nevertheless, the rising interest in green roofs to boost demand for waterproofing membranes is expected to offer lucrative opportunities to the market.
- The European region is expected to account for the largest share of the global bitumen membranes market over the forecast period.
Bitumen Membranes Market Trends
Construction Industry to Dominate the Demand
- Bitumen membranes are extensively used for waterproofing in construction and are used to create a protective barrier against water penetration, preventing damage to structures and ensuring longevity.
- They are also used to safeguard foundations against water infiltration, and bitumen membranes prevent corrosion and structural damage, particularly in below-ground structures.
- Bitumen membranes are used for various applications, which include roofing, terraces, tank lining, podiums, below-grade structures, and basements, among others.
- Currently, the global construction industry has been growing steadily. The construction industry in the Asia-Pacific region is growing at a significant pace, with China, India, and Southeast Asian countries being in the hotspot.
- According to the National Bureau of Statistics of China, the construction output value in China has reached CNY 31.2 trillion (USD 4.39 trillion) in 2022 and registered growth when compared to CNY 29.31 trillion (USD 4.12 trillion) in the previous year.
- As per the Ministry of Finance (India), in FY2023, the real gross value added in the construction industry across India increased by more than 9%, whereas during FY 2021 and FY2022, it was -8.6% and 10.7%, respectively.
- Simialry, according to the US Census Bureau, the total value of construction output in the United States increased by more than USD 166 billion in 2022, reaching a total of USD 1,792 billion. As construction output expands, the need for bitumen membranes in applications like building, infrastructure development, and renovation is likely to increase, positively influencing the specialty tape market.
- According to the National Institute of Statistics and Censuses, the surface area of buildings authorized for construction and number of building permits in Argentina has reached 14.85 million square meters and 57.24 thousands in 2022 and registred growth when compared to the previous years data.
- Similarly, according to OICA, France witnessed the production of more than 1.38 million motor vehicles in 2022, with passenger cars constituting 73.05 percent of this total. This marked an increase in growth compared to the overall vehicle production in the preceding year.
- The factors above contribute to the increasing demand for bitumen membranes consumption in the region during the forecast period.
Europe Region to Dominate the Market
- The European region is expected to account for the largest share in the global bitumen membranes market over the forecast period.
- Germany has the largest construction industry in Europe. According to the Federal Statistical Office (a federal authority of Germany), revenue in housing construction in Germany has reached EUR 57.95 billion (USD 62.50 billion) in 2023, however registred less revunes when comapred with EUR 61 billion ((USD 65.79 billion)) in 2022.
- Additionally, the non-residential and commercial buildings in the country are expected to witness significant growth prospects in the coming years. Lower interest rates, an increase in real disposable incomes, and numerous investments by the European Union and the German governments support the growth.
- Residential construction in the United Kingdom is witnessing steady growth. However, the non-residential sector in the country is struggling and is expected to recover during the forecast period.
- Furthur, while bitumen membranes are not directly applied in the automotive manufacturing process, bitumen-based products play a role in enhancing the durability, comfort, and performance of vehicles by providing protection against rust, dampening noise, and improving overall driving experience.
- According to The International Organization of Motor Vehicle Manufacturers (OICA), in 2022, Italy's automotive sector recorded the sale of approximately 1.51 million motor vehicles, with passenger cars constituting 87.45 percent of this total. The overall new vehicle registrations in the country witnessed a 9.8 percent year-over-year decline, attributed to reduced sales in various vehicle categories. Nevertheless, Italy retained its position as the fourth-largest vehicle market in Europe for the year 2022.
- Therefore, the demand for bitumen membranes is expected to grow in European countries during the forecast period.
Bitumen Membranes Industry Overview
The global bitumen membranes market is partially fragmented. The major companies of the market studied include (not in any particular order) Sika AG, SOPREMA S.A.S. , BMI Group, TotalEnergies, and BASF SE, among others.
Bitumen Membranes Market Leaders
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Sika AG
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BMI Group
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BASF SE
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TotalEnergies
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SOPREMA S.A.S.
*Disclaimer: Major Players sorted in no particular order
Bitumen Membranes Market News
September 2023: SOPREMA S.A.S. has announced its new products range of duo bitumen membranes, including DuO High Tech 4 AGR/F C180 AERO FC, DuO High Tech 4 AGR/F C180 FC Mecano, and DuO High Tech 4 AGR/F C180 FC. Through innovation, the company has strengthed its product portfolio.
March 2022: BMI Group has completed the acquisition of Asfaltos ChovA, a Spanish firm with expertise in efficient solutions for flat building needs, encompassing waterproofing, thermal insulation, and acoustic insulation. This strategic move strengthens BMI's business portfolio in waterproofing and insulation bitumen membranes, consolidating its position and capabilities within the Spanish flat roof industry.
Bitumen Membranes Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Construction Activities in Asia-Pacific Region
- 4.1.2 Versatility of Membrane Applications
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Potential Health and Environmental Issues
- 4.2.2 Others
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (market size in volume)
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5.1 Grade
- 5.1.1 Atactic Polypropylene
- 5.1.2 Styrene-Butadiene-Styrene
- 5.1.3 Others
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5.2 Product Type
- 5.2.1 Sheets
- 5.2.2 Liquids
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5.3 End-user Industry
- 5.3.1 Construction
- 5.3.2 Automotive
- 5.3.3 Others
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5.4 Geography
- 5.4.1 Asia-Pacific
- 5.4.1.1 China
- 5.4.1.2 India
- 5.4.1.3 Japan
- 5.4.1.4 South Korea
- 5.4.1.5 Malaysia
- 5.4.1.6 Thailand
- 5.4.1.7 Indonesia
- 5.4.1.8 Vietnam
- 5.4.1.9 Rest of Asia-Pacific
- 5.4.2 North America
- 5.4.2.1 United States
- 5.4.2.2 Canada
- 5.4.2.3 Mexico
- 5.4.3 Europe
- 5.4.3.1 Germany
- 5.4.3.2 United Kingdom
- 5.4.3.3 France
- 5.4.3.4 Italy
- 5.4.3.5 Spain
- 5.4.3.6 Nordic
- 5.4.3.7 Turkey
- 5.4.3.8 Russia
- 5.4.3.9 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Colombia
- 5.4.4.4 Rest of South America
- 5.4.5 Middle-East & Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Nigeria
- 5.4.5.4 Qatar
- 5.4.5.5 Egypt
- 5.4.5.6 United Arab Emirates
- 5.4.5.7 Rest of Middle-East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ARDEX Group
- 6.4.2 BASF SE
- 6.4.3 BMI Group
- 6.4.4 Bondall
- 6.4.5 Firestone Building Products Company, LLC
- 6.4.6 IKO PLC
- 6.4.7 Isoltema Spa
- 6.4.8 Sika AG
- 6.4.9 SOPREMA S.A.S
- 6.4.10 Tiki Tar Industries India Ltd
- 6.4.11 TotalEnergies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Rising Interest in Green Roofs to Boost Demand for Waterproofing Membranes
Bitumen Membranes Industry Segmentation
Bitumen membrane is a viscous substance derived from petroleum and is a dark and adhesive liquid or semi-solid. Extensively applied in construction for waterproofing purposes, these membranes were explicitly created to provide coverage for both industrial and residential structures. Their versatile applications encompass humidification, waterproofing, binding, rustproofing, joint filling, and crack formation. The growing demand within the building and construction industry has driven increased production.
The bitumen membrane market is segmented by grade, product type, end-user industry, and geography. By grade, the market is segmented into atactic polypropylene, styrene-butadiene-styrene. and others (self-adhered, polymer-modified, mineral-surfaced, and others). By product type, the market is segmented into sheets, and liquids, By end-user industry, the market is segmented into construction, automotive, and others (infrastructure development, oil and gas, and others). The report also covers the market size and forecasts for the bitumen membrane market in 27 countries across the globe. The report offers market size and forecasts for the bitumen membrane market in volume (sqm) for all the above segments.
| Grade | Atactic Polypropylene | |
| Styrene-Butadiene-Styrene | ||
| Others | ||
| Product Type | Sheets | |
| Liquids | ||
| End-user Industry | Construction | |
| Automotive | ||
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Malaysia | ||
| Thailand | ||
| Indonesia | ||
| Vietnam | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Nordic | ||
| Turkey | ||
| Russia | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Colombia | ||
| Rest of South America | ||
| Geography | Middle-East & Africa | Saudi Arabia |
| South Africa | ||
| Nigeria | ||
| Qatar | ||
| Egypt | ||
| United Arab Emirates | ||
| Rest of Middle-East & Africa |
Bitumen Membranes Market Research FAQs
How big is the Bitumen Membranes Market?
The Bitumen Membranes Market size is expected to reach 0.99 billion square meters in 2024 and grow at a CAGR of greater than 2% to reach 1.12 billion square meters by 2029.
What is the current Bitumen Membranes Market size?
In 2024, the Bitumen Membranes Market size is expected to reach 0.99 billion square meters.
Who are the key players in Bitumen Membranes Market?
Sika AG, BMI Group, BASF SE, TotalEnergies and SOPREMA S.A.S. are the major companies operating in the Bitumen Membranes Market.
Which is the fastest growing region in Bitumen Membranes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bitumen Membranes Market?
In 2024, the Europe accounts for the largest market share in Bitumen Membranes Market.
What years does this Bitumen Membranes Market cover, and what was the market size in 2023?
In 2023, the Bitumen Membranes Market size was estimated at 0.97 billion square meters. The report covers the Bitumen Membranes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bitumen Membranes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bitumen Membranes Industry Report
Statistics for the 2024 Bitumen Membranes market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Bitumen Membranes analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
