+1-888-308-5802     

Bitumen Membranes Market Report With Useful Insights on to Which Sectors Holding the Largest Industry Share

Author : Ravi Chawat | Published Date : 2021-09-15 

Bitumen Membranes Market is forecast to exceed USD 3.5 billion; according to a new research report.

Bitumen membranes have been widely utilized in the construction sector due to their superior properties of rust proofing & waterproofing. These products provide protection to the concrete structures against moisture and increase its durability. Rising construction activities in major countries including China, Japan, the United States, India, etc. are likely to drive the product demand in the next few years. Government initiatives to build infrastructure in the emerging nations will further propel the product demand in the near future. For instance, Government of India have initiated AMRUT and smart city projects in major cities in order to improve the rural and urban infrastructure and living standards. Additionally, many upcoming construction projects in UAE and China will propel the bitumen membranes industry growth by 2025.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/3924

Another key growth enabling factor is the growing automotive industry across the world. The product is utilized in the coating applications of automotive components such as cap sheets. Increasing vehicle production in major parts of the world along with the rising personal car market demand will drive bitumen membranes industry demand by 2025.

According to grade, the market can be classified into SBS (styrene butadiene styrene) and APP (atactic polypropylene). SBS grade is likely to grow at a CAGR of around 5.5% in the study period due to rising product demand in the construction industry. Superior product features including dimensional stability, excellent strength and better elongation properties will drive its demand in the industry by 2025.

Get Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/bitumen-membranes-market

On the basis of application, the industry is segregated into automotive, non-residential, residential and other applications. Non-residential segment is likely to have substantial product demand due to rising product usage in the commercial buildings including, office buildings, malls, hospitals, educational institutes, etc. Superior waterproofing nature of the bitumen membranes is responsible for its growing usage in the non-residential segment.

Europe is a leading region which will hold around 35% share of bitumen membranes market over the study period. This is due to a mature automobile and construction sectors in Europe. Asia Pacific will also be a key region in the bitumen membranes industry due to growth of automotive industry in the emerging countries. The key factors such as increasing income, rising urbanization, etc. will propel product demand by 2025.

Browse More News:

https://www.altcoinbeacon.com/squalene-market-size-share-trends-analysis-report-by-source-by-end-use-by-country-and-segment-forecasts/

https://www.altcoinbeacon.com/corrosion-inhibitors-market-by-compound-type-application-end-use-and-region-global-forecast-to-2023/

https://www.marketwatch.com/press-release/urea-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2021-2027-2021-09-14

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Growing application in the textile sector to foster fluorotelomers market outlook through 2023

Published Date: 2021-09-24         Author: Ravi Chawat

The global Fluorotelomers Market, which was valued for 26.5-kilo tons in 2015, is projected to witness sizable growth in the coming years. Fluorotelomers are extensively used in fire-fighting foams to counter flammable liquid fires. These foams offer quick extinguishment, protection and burn-back re... Read More

Know How Rheology Modifiers Market is trending in Key Regions to Reach at Next Level in Coming Years?

Published Date: 2021-09-24         Author: Ravi Chawat

Asia Pacific market, which accounted for 35% of the global revenue in 2015, is estimated to register a CAGR of over 4% over 2016-2024. Rapid industrialization coupled with the expansion of automotive and construction industry are the major driving forces behind APAC rheology modifiers market growth.... Read More

Fluorspar Market – How the Business Will Grow in 2025?

Published Date: 2021-09-24         Author: Ravi Chawat

Fluorspar market growth has been one of the most debatable topic of recent times – majorly because of the environmental concerns linked with fluorite mining. The ill effects of air and ground vibrations, dust, noise, and fumes from the fluorite blasting process on human beings as well as prope... Read More

© 2021 Fractovia. All Rights Reserved