Liquid Applied Membranes Market by Type, Application, End-Use Industry and Region – Global Forecast to 2025 · Wall Street Call
According to the new market research report “Market for liquid applied membranes by type (bituminous, elastomeric, cementitious), application (roofing, walls, building structures, roads), end-use industry (residential, commercial, public infrastructure) and region – global forecast to 2025The global liquid applied membranes (LAMs) market is expected to grow from $ 18.5 billion in 2020 to $ 24.6 billion by 2025, at a compound annual growth rate (CAGR) of 5.8% over the forecast period. The main drivers driving the LAM market include strong growth in the construction industry and an increasing need for water management activities in APAC.
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Elastomeric membranes, bituminous membranes and cementitious membranes are the main types of LAMs available in the market. Elastomeric membranes are the largest and fastest growing segment by value. These membranes are designed to be used as single use membranes in high performance applications requiring excellent retention properties and tensile strength. Their robust performance in critical applications is expected to contribute to their high growth over the forecast period.
Residential construction, commercial construction and public infrastructure are the major end-use industries in the LAM market. Of these, residential construction is estimated to be the largest and fastest growing end-use industry during the forecast period. Cold applied liquid waterproofing and roofing membranes are used on concrete stage slabs, roof decks and planters in protected roofing applications. The ease of application of LAMs in various roofing and non-roofing applications is driving their demand in the residential end-use sector.
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93 – Tables
33 – Figures
141 – pages
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The global liquid applied membranes (LAMs) market is expected to grow from $ 18.5 billion in 2020 to $ 24.6 billion by 2025, at a compound annual growth rate (CAGR) of 5.8%. The main drivers are the increasing expenditure on infrastructure development and the increasing need for water management activities in the APAC region.
The main suppliers of LAMs are Sika AG (Switzerland), GCP Applied Technologies (US), Carlisle Companies (US), the Soprema Group (France), MAPEI (Italy), Fosroc (UK), BASF (Germany), Tremco (US) ), Johns Manville (USA), RENOLIT (Germany), Alchimica Building Chemicals (Greece), CHRYSO (France), Copernit (Italy), Elmich (Singapore), Firestone Building Products Company (USA), GAF (USA), Henkel Polybit (Germany), Henry Company (US), IKO (Canada), ISOMAT (Greece), Kemper System (US), Paul Bauder (Germany), Pidilite Industries (India), Saint-Gobain Weber (France) and Siplast (US) . These players have adopted various growth strategies such as investment, expansion, mergers and acquisitions to further expand their presence in the LAM market. Mergers and acquisitions were the most dominant strategy of major players from 2017 to 2019, helping them expand their manufacturing capabilities and customer base.
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Sika AG (Switzerland) works efficiently in the LAM market, thanks to its high growth. The company’s growth strategy is based on investments in growth markets and innovation-driven sectors. In June 2020, the company acquired Modern Waterproofing Group (Cairo, Egypt), a leading manufacturer of bituminous membranes in Egypt. The acquisition strategy has helped Sika expand its product portfolio and open up growth opportunities in the Egyptian construction market.
Soprema Group (France) is making progress in the LAM market by focusing on optimized performance while significantly reducing environmental impact. The company is developing strategies to reduce its reliance on water-repellent products by 65% on petroleum-based materials. In August 2018, Soprema acquired DERBIGUM Americas, the American division of DERBIGUM, a Belgian supplier of roofing solutions. This acquisition has strengthened the company’s positioning through an extensive product offering and local APP modified bitumen production in the US.
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