Europe Single-ply Membrane Market Size (2024 - 2029)

Europe Single-ply Membrane Market Analysis

The Europe Single-ply Membrane Market was estimated to be USD 355.77 million in the current year. It is forecasted to register a CAGR of 5.84% during the forecasted period. The demand for single-ply membranes has been negatively impacted by Covid-19. The need for construction products has decreased as COVID-19 instances have risen. Many businesses involved in the production of single-ply membranes have encountered difficulties in marketing their product.

Moreover, the shortage of skilled personnel has impacted the single-ply membrane industry because of COVID-19's growing effects. Single-ply membranes have been used on a wide scale in the construction industry, especially in residential and commercial construction, owing to their flexibility, ease of installation, and ability to improve the energy efficiency of the structure. The single-ply membranes market is anticipated to expand in lockstep with the building sector.

• The superior properties of single-ply membranes, including ease of installation, improving the structure's energy efficiency, and flexibility, promote its demand in the construction industry, thereby propelling the market growth.
• The construction industries have been increasingly concerned about the skills shortage, which is getting worse with time. Hence, the lack of awareness about how to use the product and unskilled labor will negatively affect the growth of the single-ply membranes market during the forecast period.
• Nevertheless, the increasing focus of various economies on achieving carbon neutrality commitments and increasing trends for sustainable building materials will likely create lucrative growth opportunities for the global market soon.
• The United Kingdom is expected to dominate the market during the forecast period. This growth is attributed to the bullish demand for construction in the residential, commercial, industrial, and infrastructure sectors.

Europe Single-ply Membrane Industry Segmentation

Single-ply membranes are sheets of rubber and other synthetics that can be ballasted or chemically adhered to insulation to create a layer of protection for a commercial facility. The Europe single-ply membrane market is segmented by type, end-user industry, and geography. By type, the market is segmented into Ethylene Propylene Diene Monomer (EPDM), Thermoplastic Polyolefin (TPO), Poly Vinyl Chloride (PVC), Modified Bitumen, and other types. The end-user industry segments the market into residential, commercial, institutional, and infrastructural. The report also covers the market size and forecasts for the Europe single-ply membrane market in 4 countries. For each segment, the market sizing and forecasts have been done based on revenue (USD Million).