Global Bitumen Membranes Market Size By Type (APP, SBS, and SEBS), By Application (Damp-proofing, Water-proofing, Sealing), By Geographic Scope And Forecast

Bitumen Membranes Market Size And Forecast

Bitumen Membranes Market size was valued at USD 4.80 Billion in 2023 and is projected to reach USD 6.30 Billion by 2030, growing at a CAGR of 7.92% from 2024 to 2030.

Increasing demand for bitumen membranes in the roofing industry is expected to drive the global bitumen membranes market over the forecast period. The rapid growth of the construction industry is one of the primary drivers of the bitumen membrane market. The Global Bitumen Membranes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Bitumen Membranes Market Definition

Bitumen membranes are polymeric-based materials made from highly thick and viscous bitumen. Bitumen membranes are manufactured through a series of operations and have significant properties such as durability, consistency of factory-set technical parameters, superior resistance to varying weather conditions, and ease of installation, making them suitable for use as a waterproofing and rustproof material. Bitumen membranes are also used as foundations for engineering structures such as roadways, bridge decks, flat roofs, and vapor barriers. Because of their rust-proofing properties, bitumen membranes are also frequently employed in the automotive industry.

Keeping water out is super important for any building! That's where waterproof membranes come in – they're like raincoats for roofs and foundations. You'll often see bituminous membranes used; they're made from a mix of asphalt or coal tar (that sticky stuff) with felts or textiles made from organic or inorganic fibers. People like them because bitumen is waterproof and sticky, and these materials are easy to get, cheap, and not too hard to install. For a bituminous membrane to really work, you need a continuous layer of bitumen. Usually, they add a sheet of felt to stop the bitumen from cracking or running.

Felts give the membrane strength and spanning capacity, yet they can also cause membrane breakdown. The qualities of the material from which it is manufactured, the surface to which it is attached, and the environment in which it must serve all influence the behavior of a bituminous membrane. Because of its waterproofing and adhesive characteristics, bitumen, a material that behaves as a viscous fluid at some temperatures and as an elastic solid at others, has been used in building for ages. Many of its limits have been identified over time.

Global Bitumen Membranes Market Overview

Increasing demand for bitumen membranes in the roofing industry is expected to drive the global bitumen membranes market over the forecast period. Bitumen membranes are made out of organic liquids that are sticky, viscous, and waterproof. They are used to protect commercial and residential buildings. Bitumen membranes are used for a variety of purposes, including damp-proofing, rust-proofing, sealing, and joint and crack filling. Another important element driving the growth of the bitumen membranes market is the expansion of the automobile industry. Bitumen membranes are frequently utilized for cap sheet applications in the automotive industry.

The bitumen membrane market is really taking off, mainly because the construction industry is booming. Especially in Asia-Pacific, you see these membranes used everywhere - from waterproofing roads, bridge decks, and flat roofs to acting as an underlayment for pitched roofs on homes and businesses alike. Countries like China, India, and Japan are really leading the charge, with their governments investing heavily in new infrastructure and upgrading older buildings. And it's not just construction; bitumen membranes help keep metal parts in your car from rusting! So, as the automotive industry grows, expect the bitumen membranes market to grow right along with it.

The global bitumen membrane market is really taking off, and a big reason why is simply that there are enough products to go around thanks to healthy supplies worldwide. But, it's not all smooth sailing. The ups and downs of crude oil prices, often stirred up by international issues, can definitely slow things down. On the bright side, initiatives like India's Smart City Mission and AMRUT program are creating some exciting opportunities. Plus, all those new building projects coming up in developed countries, like the Bruce Highway Upgrade in Australia and that cool new people mover at the Las Vegas Convention Center in the United States, are expected to give the market a real boost over the next few years.

Global Bitumen Membranes MarketSegmentation Analysis

The Global Bitumen Membranes Market is segmented based on Type, Application, and Geography.

Bitumen Membranes Market, By Type

• APP• SBS• SEBS

Based on Type, the market is further segmented into APP, SBS, and SEBS. SBS segment is expected to dominate the Global Bitumen Membrane market and it is expected to continue during the projected period. SBS (Styrene- Butadiene- Styrene) is a form of elastic asphalt that improves the resistance of bitumen to weathering and aging while also giving it rubber-like qualities. The rising demand for roll roofing is the primary driver of the global bitumen membranes market’s expansion.

Bitumen Membranes Market, By Application

• Damp-proofing• Water-proofing• Sealing• Rust-proofing• Joint and Crack Filling

Based on Application, the market is segmented into Damp-proofing, Water-proofing, Sealing, Rust-proofing, and Joint and Crack Filling. The water-Proofing segment dominates the Global Bitumen Membrane market and it is expected to continue during the projected period. These goods’ waterproofing systems are built up of polymer-modified bitumen sheets with a fundamental base sheet. At the construction site, these sheets are bonded together. Polymer-modified roof membranes are applied to temperature-resistant insulation boards in Europe when compact roof systems are created.

Bitumen Membranes Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Bitumen Membranes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Europe region dominated the bitumen membranes market, accounting for more than 35% of the total market share. The presence of mature construction and automobile industries can be ascribed to this. The product is widely utilized in the construction business, which has shown evidence of expansion in recent years.

Key Players

The “Global Bitumen Membranes Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Shell Bitumen, Exxon Mobil, Valero Energy Corporation, Icopal, Bauder group, Nynas AB. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In December 2021, ExxonMobil Chemical Business has purchased Materia, Inc., a California-based technology company that developed a Nobel Prize-winning technology for creating a new class of materials. Wind turbine blades, electric vehicle parts, sustainable construction, and anticorrosive coatings are among the applications for the new materials.

Report Scope

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Reasons to Purchase this Report

We take a close look at the market using both numbers (quantitative) and observations (qualitative), breaking it down by economic and non-economic factors. You'll get market values in USD Billion for every segment and sub-segment. We pinpoint the region and segment likely to grow the fastest and be the biggest. Our geographical analysis highlights product/service consumption and the factors influencing the market in each region. The competitive landscape shows major player rankings, recent product launches, partnerships, expansions, and acquisitions from the last five years. You'll find detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses for key players. We provide the current and future market outlook, covering recent developments, growth opportunities, and challenges in both emerging and developed regions. We also dive deep using Porter's five forces analysis, giving you a comprehensive view, and offer insights into the market through the Value Chain. Expect a market dynamics scenario, highlighting growth opportunities in the coming years, plus, we offer 6-month post-sales analyst support.

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