Elastomeric Membrane Market Size (2024 - 2029)

The elastomeric membrane market is anticipated to experience growth driven by rising demand from the infrastructure sector, despite challenges posed by the availability of cheaper alternatives and the impact of the COVID-19 pandemic. The market size is expected to expand, particularly in the Asia-Pacific region, which is projected to be the largest and fastest-growing area due to increased consumption in countries like China, India, and Japan. The non-residential industry is predicted to lead the global market throughout the forecast period, with urbanization and commercialization in the Asia-Pacific region presenting significant opportunities for further market expansion.

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Market Size of Elastomeric Membrane Industry

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

Elastomeric Membrane Market Key players

*Disclaimer: Major Players sorted in no particular order

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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of Europe
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Elastomeric Membrane Market Size Summary

The elastomeric membrane market is poised for significant growth, driven primarily by the burgeoning demand from the infrastructure sector. This growth trajectory is supported by the increasing urbanization and commercialization in the Asia-Pacific region, which presents numerous opportunities for market expansion. The non-residential industry is anticipated to lead the market, with the Asia-Pacific region emerging as both the largest and fastest-growing market. This is attributed to the rising consumption in countries such as China, India, and Japan, where advanced roofing systems are essential to withstand harsh weather conditions. Despite the promising outlook, the market faces challenges from the availability of cheaper alternatives like asphalt and gravel, as well as the lingering impacts of the COVID-19 pandemic.

The elastomeric membrane, composed of thermoplastics, thermosets, or modified bitumen, is extensively utilized in roofing systems within the non-residential sector due to its durability, moisture resistance, and water tightness. The construction industry in the Asia-Pacific region is expected to experience steady growth, ensuring a consistent demand for elastomeric membranes. The region's dominance is further reinforced by planned urban infrastructure projects and the rapid urbanization of cities. The market is characterized by fragmentation, with both international and domestic players such as Covestro AG, Soprema Group, Dow, Sika AG, and Johns Manville actively participating. As the largest construction market globally, China plays a pivotal role in this growth, focusing on infrastructure development in small and medium-sized cities.

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Elastomeric Membrane Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Applications in the Infrastructure Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Availability of Cheap Alternatives like Asphalt and Gravel

      2. 1.2.2 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Supplier

      2. 1.4.2 Bargaining power of Buyer

      3. 1.4.3 Threat of New Entrant

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. Market Segmentation

    1. 2.1 Type

      1. 2.1.1 Polyurethane

      2. 2.1.2 Acrylic

      3. 2.1.3 Silicone

      4. 2.1.4 Other Types

    2. 2.2 End-user Industry

      1. 2.2.1 Residential

      2. 2.2.2 Non-residential

        1. 2.2.2.1 Commercial

        2. 2.2.2.2 Infrastructure

        3. 2.2.2.3 Industrial

    3. 2.3 Application

      1. 2.3.1 Roofs

      2. 2.3.2 Walls

      3. 2.3.3 Wet Areas

      4. 2.3.4 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Canada

        3. 2.4.2.3 Mexico

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 Italy

        4. 2.4.3.4 France

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of Europe

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 Saudi Arabia

        2. 2.4.5.2 South Africa

        3. 2.4.5.3 Rest of Middle-East and Africa

Elastomeric Membrane Market Size FAQs

The Elastomeric Membrane Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Covestro AG, Soprema Group, Dow, Sika AG and Johns Manville are the major companies operating in the Elastomeric Membrane Market.

Elastomeric Membrane Report Snapshots

Elastomeric Membrane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)