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The Liquid Applied Membrane Market for Construction Industry size is forecast to increase by USD 3.65 billion, at a CAGR of 6.14% between 2023 and 2028. The growth rate of the market depends on several factors, including rising demand for energy-efficient buildings, increasing demand for waterproofing and sealing solutions in construction, and technological advancements and product innovation.
The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Application, which comprises roofing and walls, building structures, industrial water and wastewater management, and landfills and tunnels. Additionally, it categorizes End-user into commercial, public infrastructure, and residential, and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
A liquid applied membrane is a specialized coating system used in the construction industry for waterproofing and protecting various surfaces. It consists of liquid polymers, solvents, and additives and is typically applied in multiple layers to form a seamless and durable protective barrier. A liquid applied membrane offers superior flexibility, allowing it to adapt to substrate movements and bridge cracks, ensuring enhanced resistance against water and moisture. It can be used on roofs, foundations, decks, and other horizontal or vertical surfaces. Due to its easy application process and ability to conform to complex shapes, a liquid applied membrane offers an efficient solution to achieve long-lasting waterproofing in construction projects.
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Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for energy-efficient buildings is notably driving market growth. The global construction industry is undergoing transformative changes, with a heightened focus on sustainability and energy efficiency. The escalating demand for energy-efficient buildings is a key driver, propelling substantial growth in the market. Energy-efficient buildings prioritize reduced energy consumption and environmental impact, incorporating advanced technologies and materials. Liquid applied membranes, as water-based coatings, play a pivotal role by providing a seamless and protective layer on diverse building surfaces.
Additionally, in the US, the surge in green or LEED-certified buildings underscores the impact, with liquid-applied membranes meeting stringent LEED standards. Initiatives like the EECBG program further accelerate their adoption, fostering energy-efficient building practices and fueling the growth of the market during the forecast period.
Advancements in robotic application systems and automatic spray technologies an emerging trends shaping the market growth. Recent market growth and trends for the construction industry showcase significant advancements in robotic application systems and automatic spraying technologies. These innovations are transforming the application of liquid membrane materials, improving efficiency, precision, and overall project outcomes. Robotic systems, equipped with sophisticated programming and sensors, automate the precise and consistent application of liquid membranes, eliminating human error and enhancing quality.
Moreover, automatic spraying technologies ensure controlled and uniform material delivery, facilitating large-scale and high-speed applications, particularly beneficial for time-sensitive projects. The integration of these technologies signifies a substantial leap in construction practices, promising enhanced efficiency, cost savings, and broader application possibilities, thereby driving the market growth during the forecast period.
Higher initial material and installation costs when compared to traditional methods are a significant challenge hindering market growth. The market for the construction industry faces a key challenge in the form of higher initial material and installation costs compared to traditional methods. While liquid-applied membranes offer superior waterproofing properties, their specialized liquid compounds, primers, and coatings contribute to elevated material costs. Additionally, the application process requires skilled workers and specialized equipment, resulting in higher installation expenses.
Moreover, construction companies, particularly those with constrained budgets, may find it challenging to justify the increased costs associated with adopting liquid-applied membranes over more conventional alternatives. This financial hurdle poses a notable challenge to the market's growth during the forecast period.
The market share growth by the roofing and walls segment will be significant during the forecast years. The roofing and walls segment of the liquid applied membrane for construction industry is a crucial component that provides protection and waterproofing to buildings. Liquid applied membranes are coatings that can be sprayed or applied in a liquid form directly to roofing and wall surfaces, creating a seamless and durable barrier against water, moisture, and other elements.
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The roofing and walls segment was the largest and was valued at USD 3.07 billion in 2018. Furthermore, one example of a liquid applied membrane used in the roofing and walls segment is polyurethane-based coatings. Polyurethane liquid-based membranes have excellent adhesion properties, allowing them to bond securely to different substrates, including concrete, metal, and insulation boards. This ensures that the membrane remains in place and maintains its protective function. With their ability to provide seamless waterproofing and versatility in applications, liquid applied membranes play a significant role in protecting buildings from water damage. Polyurethane-based coatings are an example of such membranes, offering durability, flexibility, and superior adhesion. As construction practices continue to evolve, liquid applied membranes will remain an essential solution for ensuring the longevity and performance of roofs and walls, which, in turn, will drive the growth of the roofing and walls segment of the market for construction industry during the forecast period.
Based on end-user, the market has been segmented into commercial, public infrastructure, and residential. The commercial segment will account for the largest share of this segment.? Liquid applied membranes serve as a preferred solution for waterproofing in various commercial structures like office buildings, shopping malls, hotels, hospitals, and warehouses. Additionally, the versatility of liquid applied membranes extends to applications in balconies, terraces, and swimming pools, offering robust waterproofing in areas exposed to water and varying weather conditions. The increasing emphasis on sustainable construction practices further propels the demand for liquid applied membranes in the commercial sector, fostering growth in this market segment during the forecast period.
APAC is estimated to contribute 38% to the growth of the global market during the projection period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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Further, the liquid applied membrane market for construction industry has been experiencing significant growth in the Asia-Pacific (APAC) region. Liquid applied membranes are widely used in various construction applications, including roofing, waterproofing, and building exteriors, due to their excellent protective properties and ease of application. One of the key factors driving the growth of the liquid applied membrane in construction market in APAC is rapid urbanization and increasing infrastructure development in countries like China, India, and Japan. As these countries are witnessing an exponential rise in the construction of residential, commercial, and industrial buildings, there is a growing demand for reliable waterproofing solutions to protect these structures from water damage.
Moreover, the liquid applied membrane in construction market in APAC is benefiting from advancements in technology and the introduction of innovative products. Manufacturers are developing liquid applied membranes that offer improved elasticity, durability, and UV resistance, catering to the specific needs of the construction industry in the region. These advanced solutions contribute to better building performance, reduce energy consumption, and enhance overall sustainability. Such factors are expected to drive the regional market growth during the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Bauder Ltd. - The company offers liquid applied membranes for the construction industry such as Cold Applied Liquid Waterproofing Systems. These systems are mostly CCPI verified.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Alchimica, BASF SE, Bauder Ltd., Berkshire Hathaway Inc., Carlisle Companies Inc., Compagnie de Saint Gobain, Dow Chemical Co., Follmann Chemie GmbH, Fosroc International Ltd., H.B. Fuller Co., IBG Industrie Beteiligungs Gesellschaft mbH and Co. KG, IKO Industries Ltd., Mapei SpA, Nippon Paint Holdings Co. Ltd., RPM International Inc., Sika AG, SOPREMA SAS, Standard Industries Inc., Western Colloid, and Pidilite Industries Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report predicts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Liquid Applied Membrane Market for Construction Industry Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.14% |
Market Growth 2024-2028 |
USD 3.65 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.33 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alchimica, BASF SE, Bauder Ltd., Berkshire Hathaway Inc., Carlisle Companies Inc., Compagnie de Saint Gobain, Dow Chemical Co., Follmann Chemie GmbH, Fosroc International Ltd., H.B. Fuller Co., IBG Industrie Beteiligungs Gesellschaft mbH and Co. KG, IKO Industries Ltd., Mapei SpA, Nippon Paint Holdings Co. Ltd., RPM International Inc., Sika AG, SOPREMA SAS, Standard Industries Inc., Western Colloid, and Pidilite Industries Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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