Industry Background:
Bitumen, Also Known As Asphalt, Is A By-Product Of The Fractional Distillation Of Crude Oil. It Is Black, Sticky, And Highly Viscous Liquid Or Semi-Solid. It Has A Distinctive Combination of Excellent Water-Proofing and Adhesive Properties. It Is Extensively Used In Roofing, Road And Pavement Applications. Bituminous Membranes Are Manufactured From Bitumen. Owing To Its Waterproofing Qualities, Bituminous Membranes Are Used For Waterproofing Roofs, Basements, Below-Ground Structures, Bridges and Other StructuresThis growth is primarily driven by Need For Water-Proofing, Sealing, Rust-Proofing And Joint And Crack Filling In The Residential And Commercial Buildings Owing To Booming Construction Industry Worldwide Especially In The Growing Economies Like China, India, And Brazil and Increased Requirement of Bitumen Membrane as an Adhesive for Thermal Insulation in the Lining of Equipment Of Production Units.
Globally, a noticeable market trend is evident The amalgamation of Bituminous Membrane with the Products like Styrene-Butadiene-Styrene (SBS) For Increasing Life and Resistance Against Extreme Weather Conditions. Major Vendors, such as Saint-Gobain (France), BASF (Germany), Sika AG (Switzerland), Carlisle Companies (United States), Soprema International (France), Kemper System America (U.S.), Johns Manville Corporation (United States), GCP Applied Technologies (United States), Henry Company LLC (United States) and Alumasc Roofing Systems (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Need For Water-Proofing, Sealing, Rust-Proofing And Joint And Crack Filling In The Residential And Commercial Buildings Owing To Booming Construction Industry Worldwide Especially In The Growing Economies Like China, India, And Brazil
- Increased Requirement of Bitumen Membrane as an Adhesive for Thermal Insulation in the Lining of Equipment Of Production Units
Market Trend
- The amalgamation of Bituminous Membrane with the Products like Styrene-Butadiene-Styrene (SBS) For Increasing Life and Resistance Against Extreme Weather Conditions
Restraints
- Fluctuating Prices of the Crude Oil from Which Bituminous Membranes Are Manufactured May Influence the Market
Opportunities
There Is an Increased Opportunity for the Usage of the Bituminous Membrane in Bridges, Roads, and Tunnels Due To Increased Applications of the Bituminous Membrane
Challenges
Owing To the Technological Advancements and Constant Research and Development Initiatives, Bituminous Membrane May Face A Challenge from the Eco-Friendly Bio-Based Membranes
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Bituminous Membrane Study Sheds Light on
The Bituminous Membrane Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Bituminous Membrane industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Bituminous Membrane industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.