Bitumen Membranes Market 2019 By Regional Trend & Growth Forecast To 2025

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Global Bitumen Membranes Market to reach 3.5bn
by 2025 Global Market Insights Inc.
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Industry Overview

• Global Market Insights, Inc. says Bitumen
  Membrane Market to surpass USD 3.5 billion by
  2025 driven by increasing construction
  activities in Asia Pacific and North America.
  Development of global construction sector will be
  the chief driver for the bitumen membrane market
  growth. U.S. is one of the largest investors in
  construction sector. The construction spending of
  the country was around USD 1.3 trillion, which
  witnessed nearly 6.5 annual growth from 2014 to
  2018. Both residential and non-residential
  construction sectors in the U.S. have witnessed
  annual growth rate of around 10 and 4.5
  respectively. It can be ascribed to ongoing
  infrastructure development, high-value
  construction projects, increasing residential
  construction activities, etc.
• Bitumen membrane is widely used in construction
  sector for rust proofing and waterproofing
  applications, which protects the structural
  elements from the damage caused by water
  intrusion. Further development in the global
  construction sector will prosper the market
  demand throughout the forecast timespan.

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• Escalating growth in global automotive production
  will also drive the bitumen membrane market
  demand during the forecast period. Global
  automotive production has increased by over 5
  between 2015 and 2018. During the same period,
  China, the largest automotive manufacturer in the
  world, has witnessed a growth of more than 10,
  whereas Indian automotive sales increased by
  close to a million units from 2014 to 2018.
  Bitumen membranes are extensively used as cap
  sheets for coating purposes.
• However, volatility associated with the crude oil
  industry might induce variation in pricing of
  bituminous membranes, which can hinder the
  bitumen membrane market revenue throughout the
  forecast timespan.
• SBS grade will have growth rate around 5.5
  during the forecast timespan. It can be
  attributed to increasing demand for SBS bitumen
  membrane in the construction sector. This product
  variant possesses exceptional elongation
  characteristics, excellent dimensional stability
  and superior strength.
• Sheets product category will have the leading
  bitumen membrane market share throughout the
  forecast timespan. Bitumen sheets have high
  strength composite reinforcement and are proven
  adhesives. They have excellent resistance against
  splitting thermal shock, superior fire
  resistance, exceptional toughness, and strength
  and provides enhanced durability.

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U.S. Bitumen Membranes Market Size, By
Application, 2014 2025 (USD Billion)

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Industry Coverage

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• Residential construction sector is a key
  application segment in the bitumen membrane
  market and will have share of over 30 throughout
  the forecast timespan. Bituminous membranes are
  widely used in new construction as well as
  repairing activities. Increasing residential
  construction across the world owing to rising
  spending power, increasing population, etc. will
  prosper the product demand in residential
  application segment in near future.
• North America will have more than 20 of the
  total share in bitumen membrane market, which can
  be ascribed to mature automotive and construction
  industry in the region. U.S. is the second
  largest automotive manufacturer and has witnessed
  significant year-on-year growth between 2017 and
  2018. Increasing housing demand due to higher
  disposable income, rising non-residential
  construction in the region will prosper the
  regional market growth.
• Some key bitumen membrane market manufacturers
  are Firestone Building Products Co., Soprema
  International, Johns Manville, BMI Group, BTM,
  IKO Group, Ardex, Isoltema Group, Tiki Tar,
  Baumerk, BASF SE, Total, ?ORDIA, Bondall, etc.

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