Elastomeric Membrane Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Elastomeric Membrane Market Analysis
The market for the elastomeric membrane is expected to register a CAGR of over 5% during the forecast period. The primary factor driving the market studied is the increasing demand from the infrastructure sector. On the flip side, the availability of various cheap alternative materials like asphalt and gravel and the unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Urbanization & commercialization of countries in the Asia-Pacific region is expected to offer various opportunities for the growth of the market.
- The non-residential industry is expected to dominate the global elastomeric membrane market over the forecast period.
- Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
Elastomeric Membrane Market Trends
This section covers the major market trends shaping the Elastomeric Membrane Market according to our research experts:
Non-residential Industry to Dominate the Market
- The elastomeric membrane is made up of thermoplastics, thermosets, or modified bitumen, and it is used extensively in roofing systems in the non-residential sector.
- Modern-day buildings require advanced roofing systems that can withstand and resist harsh weather conditions and water. So, the elastomeric membrane becomes the ideal choice owing to its durability, moisture resistance, water tightness, and attractive finish.
- The National Development and Reform Commission of China authorized plans to build infrastructure projects in China and approved the construction of seven projects with a total investment of CNY 485 billion (~USD 72 billion) in January 2019.
- Major infrastructure projects in the United States which are expected to be completed over the forecast period include - Baltimore-Washington Airport, Dallas Fort Worth Airport, Columbus Airport, Dreamport Villages Amusement Park, TSX Broadway, etc.,
- The non-residential segment is expected to dominate the global elastomeric membrane market and also expected to be the fastest-growing market over the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific region is expected to be the dominant market in elastomeric membrane consumption. This is due to the planned urban infrastructure projects in countries like China, Japan, South Korea, India, and Southeast Asian nations.
- The elastomeric membrane is mostly consumed in commercial buildings, malls, rooftops, wet areas, etc. Also, the construction industry in the Asia-Pacific region is expected to witness a CAGR of more than 4% during the forecast period, ensuring the regular demand for elastomeric membrane in the Asia-Pacific region.
- The UN estimates that well over half of Asia's 4.5 billion residents will live in cities by 2026. With the increasing number of planned cities in Asia, the demand for the elastomeric membrane will continue to increase.
- Moreover, China has become the largest construction market in the world. As the government has planned to focus on improving the infrastructure in small and medium-sized cities, the construction industry was forecasted to maintain a continuous growth of around 5 % annually.
- Hence, the Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from various countries.
Elastomeric Membrane Industry Overview
The elastomeric membrane market is fragmented with the presence of both international and domestic players. The major companies in the market studied include Covestro AG, Soprema Group, Dow, Sika AG, and Johns Manville, among others.
Elastomeric Membrane Market Leaders
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Covestro AG
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Soprema Group
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Dow
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Sika AG
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Johns Manville
*Disclaimer: Major Players sorted in no particular order
Elastomeric Membrane 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 Increasing Demand from Applications in the Infrastructure Sector
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Availability of Cheap Alternatives like Asphalt and Gravel
- 4.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak
- 4.3 Industry Value Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Supplier
- 4.4.2 Bargaining power of Buyer
- 4.4.3 Threat of New Entrant
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. Market Segmentation
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5.1 Type
- 5.1.1 Polyurethane
- 5.1.2 Acrylic
- 5.1.3 Silicone
- 5.1.4 Other Types
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5.2 End-user Industry
- 5.2.1 Residential
- 5.2.2 Non-residential
- 5.2.2.1 Commercial
- 5.2.2.2 Infrastructure
- 5.2.2.3 Industrial
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5.3 Application
- 5.3.1 Roofs
- 5.3.2 Walls
- 5.3.3 Wet Areas
- 5.3.4 Other Applications
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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 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 Italy
- 5.4.3.4 France
- 5.4.3.5 Rest of Europe
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of Europe
- 5.4.5 Middle-East and Africa
- 5.4.5.1 Saudi Arabia
- 5.4.5.2 South Africa
- 5.4.5.3 Rest of Middle-East and Africa
6. Competitive Landscape
- 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Barrett Company
- 6.4.3 Carlisle Corporation
- 6.4.4 Covestro AG
- 6.4.5 Dow
- 6.4.6 FabriTec Structures
- 6.4.7 Firestone Building Products Company, LLC
- 6.4.8 Fosroc Inc.
- 6.4.9 Hempel A/S
- 6.4.10 Hyload
- 6.4.11 Johns Manville
- 6.4.12 Lapolla Industries, Inc.
- 6.4.13 POLYGLASS S.p.A
- 6.4.14 Saint-Gobain Weber
- 6.4.15 Sika AG
- 6.4.16 Soprema Group
- 6.4.17 Triton Incorporated
- 6.4.18 Uniflex
- *List Not Exhaustive
7. Market Opportunities and Future Trends
- 7.1 Urbanization & Commercialization of Countries in the Asia-Pacific Region
- 7.2 Other Opportunities
Elastomeric Membrane Industry Segmentation
The Elastomeric Membrane Market report includes:
| Type | Polyurethane | |
| Acrylic | ||
| Silicone | ||
| Other Types | ||
| End-user Industry | Residential | |
| Non-residential | Commercial | |
| Infrastructure | ||
| Industrial | ||
| Application | Roofs | |
| Walls | ||
| Wet Areas | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of Europe | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Elastomeric Membrane Market Research FAQs
What is the current Elastomeric Membrane Market size?
The Elastomeric Membrane Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Elastomeric Membrane Market?
Covestro AG, Soprema Group, Dow, Sika AG and Johns Manville are the major companies operating in the Elastomeric Membrane Market.
Which is the fastest growing region in Elastomeric Membrane Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Elastomeric Membrane Market?
In 2024, the Asia Pacific accounts for the largest market share in Elastomeric Membrane Market.
What years does this Elastomeric Membrane Market cover?
The report covers the Elastomeric Membrane Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Elastomeric Membrane Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Elastomeric Membrane Industry Report
Statistics for the 2024 Elastomeric Membrane market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Elastomeric Membrane analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
