Global Liquid Applied Membrane Market for Construction Industry 2017-2021

This market research report identifies suppliers like BASF, Saint-Gobain, Sika, SOPREMA Group, and The Dow Chemical Company to be the key vendors in the global liquid applied membrane market for the construction industry. It also presents a detailed segmentation of the global market by application (roofing, walls, building structures, landfills and tunnels, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global liquid applied membrane market for the construction industry

Technavio’s market research analyst predicts the global liquid applied membrane (LAM) market for the construction industry to grow steadily at a CAGR of above 6% by 2021. One of the primary drivers for this market is the exponentially growing demand for energy efficient buildings. It has been observed that the use of LAM in buildings helps in reducing energy consumption, thereby reducing the utility costs. For instance, vegetative roofs or green roofs are vegetation installed on top of the buildings. A green roof is composed of more than six components. These include the structural roof (usually concrete), root barrier, a waterproofing membrane, drainage system, a lightweight growing medium, filter layer, and plants. Many designs also incorporate rigid foam insulation and water retention capabilities. The plants and soil on a green roof protect the LAM from temperature fluctuations, UV decay, and other destructive elements. These advantages of LAM are contributing significantly to the growth of energy efficient buildings, which in turn, is expected to propel growth in the global LAM market for construction industry during the forecast period. 

One of the latest trends gaining traction in this market is the emergence of crystalline LAMs. Crystalline waterproofing practices rely on a technology that turns porous concrete into an impermeable barrier. The resultant is a structure with reduced cracking, self-sealing, and waterproofing abilities, which provides protection against water damage and subsequent corrosion of reinforced steel. Contrary to a conventional waterproofing membrane, which tends to be expensive and labor intensive, crystalline technology decreases the installation and maintenance costs and is easy to handle. These advantages of the crystalline LAM are expected to augment growth in the global LAM market in the coming years.

Competitive landscape and key vendors

The global LAM market for the construction industry is fragmented and is characterized by the presence of many vendors. Consequently, this has led to intense competition among the prominent vendors. Also, customers in this market seek products and materials that are well-established with strong brand names and a history of quality and expertise. The competition in the market is likely to intensify due to increasing R&D investments, advances in technology, and new product development.

Leading vendors in the market are –

• BASF
• Saint-Gobain
• Sika
• SOPREMA Group
• The Dow Chemical Company

Other prominent vendors in the LAM market for construction industry include Carlisle Companies, GCP Applied Technologies, Henry Company, Johns Manville, and Kemper System America.

Segmentation by application and analysis of the LAM market for the construction industry

• Roofing
• Walls
• Building structures
• Landfills
• Tunnels

During 2016, the roofing segment dominated the LAM market for the construction industry and accounted for a major part of the overall market share. The requirement of roofs to resist the penetration of water under hydrostatic pressure and require sealants along the seams is the primary contributor to the dominance of this segment in the liquid applied membrane market.

Geographical segmentation and analysis of the LAM market for the construction industry

• Americas
• APAC
• EMEA

In this market study, analysts have estimated APAC to dominate the liquid applied membrane market for the construction industry during the forecast period. Factors such as the rapid growth in the construction industry and increased adoption of LAMs by major economies in the region is the major contributor to the dominance of the APAC in the global market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global LAM market for the construction industry?
• What are the key market trends impacting the growth of the LAM market for the construction industry?
• What are the challenges to market growth?
• Who are the key vendors in the global LAM market for the construction industry?
• What are the market opportunities and threats faced by the vendors in the global LAM market for the construction industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global LAM market for the construction industry? 

Technavio also offers customization on reports based on specific client requirement.