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The single-ply membranes market share is expected to increase by USD 2.64 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.58%.
This single-ply membranes market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers single-ply membranes market segmentation by type (thermoplastic membrane and thermoset membrane) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The single-ply membranes market report also offers information on several market vendors, including Axter Ltd., Bailey UK, Baker Roofing Co., BMI Group Holdings UK Ltd., Carlisle Companies Inc., Duro Last Inc., Eagle Waterproofing Ltd., Fatra UK Ltd., Firestone Building Products Co. LLC, Flex Membrane International Corp., GAF Materials LLC, Godfrey Roofing Inc., IKO Plc, Johns Manville, Kingspan Group Plc, Owens Corning, Sika AG, The Dow Chemical Co., and Carney Roofing Co. among others.
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The increasing investments in infrastructure development is notably driving the single-ply membranes market growth, although factors such as lack of skilled laborers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the single-ply membranes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Single-Ply Membranes Market Driver
One of the key factors driving the global single-ply membranes market growth is the increasing investments in infrastructure development. For instance, the National Infrastructure Delivery Strategy in Europe brings together the government's economic investment proposals for the next 5 years to promote the delivery of housing and social infrastructure. In addition, according to the India Brand Equity Foundation, in November 2020, the Union Cabinet authorized investments of USD 816.18 million in the debt platform of the National Infrastructure Investment Fund (NIIF) to fuel infrastructure development in the country over the next two years. This move will help the organization raise USD 15 billion to support infrastructure projects by 2025. Thus, with the rising government investments in the infrastructure sector, the market for single-ply membranes is expected to grow during the forecast period.
Key Single-Ply Membranes Market Trend
Rising demand for eco-friendly roofing is one of the key single-ply membranes market trends that is expected to impact the industry positively in the forecast period. Since there is less unused space under the roof for heating or cooling, consumers can save a large amount of energy, which is beneficial for the atmosphere. The two most common eco-friendly roofing materials used on flat roofs are TPO and ethylene propylene diene monomer. Furthermore, single-ply roof membranes can be recycled when they are discarded, which is critical for reducing building waste. Single-ply membranes can also be conveniently converted or modified to suit the green roof infrastructure, which is an increasingly common way to minimize household carbon emissions. Such factors are expected to drive the market growth in the forecast years.
Key Single-Ply Membranes Market Challenge
One of the key challenges to the global single-ply membranes market growth is the lack of skilled laborers. Although the market is booming and the demand for new construction, such as private homes, affordable housing, industrial real estate, and public works and institutional facilities, has increased, the skilled workforce needed to complete these critical developments has decreased dramatically. In addition, the scarcity of skilled labor drives up the cost and lowers the quality of single-ply membrane installation work. Thus, due to a shortage of skilled labor in the construction sites, the market for single-ply membranes is anticipated to face huge difficulties during the forecast period.
This single-ply membranes market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global single-ply membranes market as a part of the global building products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the single-ply membranes market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the single-ply membranes market encompasses successful business strategies deployed by the key vendors. The single-ply membranes market is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The single-ply membranes market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the single-ply membranes market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for single-ply membranes in North America. Market growth in this region will be faster than the growth of the market in Europe.
The availability of a wide range of services offered by major players and increasing demand from end-users, such as industrial, commercial, and residential applications will facilitate the single-ply membranes market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In early 2020, the COVID-19 pandemic adversely affected the economies of various countries across North America, especially the US. Owing to the rising number of deaths from COVID-19, many North American countries, including the US, Canada, and Mexico, implemented nationwide lockdowns. However, in 2021, lockdowns were lifted following a gradual decrease in the number of COVID-19 cases due to the introduction of COVID-19 vaccines in the region. This led to the reopening of factories, industries, and manufacturing units and the resumption of regular operations, such as construction activities. Such factors are expected to positively impact the growth of the regional single-ply membranes market during the forecast period.
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The single-ply membranes market share growth by the thermoplastic membrane segment will be significant during the forecast period. The thermoplastic membrane segment is expected to grow with the increase in the demand for thermoplastic polyolefin, which, in turn, will drive the market for single-ply membranes in the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the single-ply membranes market size and actionable market insights on post COVID-19 impact on each segment.
Single-Ply Membranes Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.58% |
Market growth 2022-2026 |
$ 2.64 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.31 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Axter Ltd., Bailey UK, Baker Roofing Co., BMI Group Holdings UK Ltd., Carlisle Companies Inc., Duro Last Inc., Eagle Waterproofing Ltd., Fatra UK Ltd., Firestone Building Products Co. LLC, Flex Membrane International Corp., GAF Materials LLC, Godfrey Roofing Inc., IKO Plc, Johns Manville, Kingspan Group Plc, Owens Corning, Sika AG, The Dow Chemical Co., and Carney Roofing Co. |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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