Liquid Applied Membrane Market Size (2024 - 2029)

Liquid Applied Membranes Market Analysis

The Liquid Applied Membrane Market size is estimated at USD 6.99 billion in 2024, and is expected to reach USD 9.03 billion by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).

The market was significantly impacted by COVID-19 in 2020. Several countries were forced to go into lockdown, owing to the pandemic scenario, which led to the shutdown of manufacturing facilities of almost every industry worldwide for a specified time; including that of the construction industry. The commercial construction and infrastructure industries, which are the major consumers of liquid applied membrane, were significantly impacted due to the pandemic. The ongoing scenario then prompted many owners to delay or cancel construction projects for a few months in 2020. According to the Associated General Contractors of America Organization, a decrease of 40% in higher education construction, 38% in public buildings, and 27% in school construction were observed. Still, according to The National Association of Realtors, single-family home is expected to reach 6% in 2021, thus leading to the growth of liquid applied membrane market. Thus, a rise in the residential construction sector and commercial construction will boost the liquid applied membrane market. The COVID-19 outbreak has significantly impacted infrastructure development and the global economy. As per the World Bank Organization, in terms of developing-country infrastructure projects, 256 have been reported as canceled or delayed. The project disruptions in the pipeline peaked in April 2020, but since then, it started to stabilize.

• Over the long run, growing usage of waterproofing membranes to maintain the longevity of buildings, increasing benefits of liquid applied membranes resulting in cost-effective construction, and growing infrastructural and commercial projects in emerging economies are expected to drive the market growth in the forecast period.
• Availability of substitutes such as sheet membranes is expected to hinder the market growth during the forecast period.
• Increasing need for office spaces, amongst other factors, is likely to act as an opportunity for the market studied over the forecast period.
• Asia-Pacific is expected to dominate the liquid applied membrane market; while North America is expected to register the fastest growth through the forecast period.

Liquid Applied Membranes Industry Segmentation

Liquid-applied membrane (LAM) is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing and roofing applications. Liquid membranes combine the properties of adhesive sheet membranes while adding significant technological advancements by creating an instant-setting coating. They combine the elastic properties of new-generation polymers with the waterproof characteristics of highly emulsified asphalt. The liquid-applied membrane market is segmented by type, application, and geography. The market is segmented by type into polyurethane, cementitious, bituminous, and other types. The market is segmented by application into roofing, walls, underground and tunnels, and other applications. The report also covers the market size and forecasts for the liquid-applied membrane market in 16 countries across major regions. Each segment's market sizing and forecasts are based on revenue (USD).