Bitumen Membranes Market Size, Share, Trends, Growth and Forecast 2032

Global Bitumen Membranes Market Insights

Zion Market Research has published a report on the global Bitumen Membranes Market, estimating its value at USD 2.70 Billion in 2023, with projections indicating that it will reach USD 4.52 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.89% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Bitumen Membranes industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Bitumen Membranes Market Overview

Increasing demand for bitumen membranes in the roofing industry is expected to drive the global bitumen membranes market over the forecast period. The rapid growth of the construction industry is one of the primary drivers of the bitumen membrane market. The Global Bitumen Membranes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Bitumen is an engineered material manufactured through the crude oil distillation at the time of the refining of petroleum. Furthermore, it exists in myriad types and forms. It is a non-volatile dark viscous liquid or semi-solid and can soften slowly after it is heated. It is named by various chemical names in different regions. For instance, in North America, bitumen is referred to as asphalt cement or asphalt binder.

Global Bitumen Membranes Market Definition

Bitumen membranes are polymeric-based materials made from highly thick and viscous bitumen. Bitumen membranes are manufactured through a series of operations and have significant properties such as durability, consistency of factory-set technical parameters, superior resistance to varying weather conditions, and ease of installation, making them suitable for use as a waterproofing and rustproof material. Bitumen membranes are also used as foundations for engineering structures such as roadways, bridge decks, flat roofs, and vapor barriers. Because of their rust-proofing properties, bitumen membranes are also frequently employed in the automotive industry.

Water leakage prevention is a crucial function of a building enclosure. Waterproof membranes are widely utilized to meet this need in places like roofs and foundations. The most popular type of waterproof membrane is bituminous, which is manufactured by mixing asphalt or coal tar pitch with felts, mats, or textiles consisting of organic or inorganic fibers. Their appeal stems mostly from the bitumen’s waterproof and adhesive properties, as well as the materials’ availability, low cost, and ease of installation. The availability of continuous bitumen films is required for a bituminous membrane’s waterproofing capabilities. A sheet material (felt) is usually added to prevent bitumen rupture or flow.

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Global Bitumen Membranes Market Overview

Increasing demand for bitumen membranes in the roofing industry is expected to drive the global bitumen membranes market over the forecast period. Bitumen membranes are made out of organic liquids that are sticky, viscous, and waterproof. They are used to protect commercial and residential buildings. Bitumen membranes are used for a variety of purposes, including damp-proofing, rust-proofing, sealing, and joint and crack filling. Another important element driving the growth of the bitumen membranes market is the expansion of the automobile industry. Bitumen membranes are frequently utilized for cap sheet applications in the automotive industry.

The rapid growth of the construction industry is one of the primary drivers of the bitumen membrane market. In Asia-Pacific, where bitumen membranes are used for a wide range of applications including waterproofing of civil foundations such as roads, bridge decks, and flat roofs, as well as an underlayment of pitched roofs for both commercial and residential architectures. Countries like China, India, and Japan are leading the way, with their governments building new infrastructure projects and updating past construction efforts with better ones. Bitumen membranes are used to protect metal parts in automobiles against rust. As a result, the worldwide bitumen membranes market is predicted to increase in tandem with the automotive industry.

Furthermore, the easy availability of products due to adequate supply in the worldwide market is one of the important driving reasons for the global bitumen membranes market’s rise. However, the bitumen membrane market’s growth is hampered by crude oil price volatility caused by a number of international and regional challenges. Furthermore, the government of India’s Smart City Mission and AMRUT program are expected to generate profitable prospects for the worldwide bitumen membrane market. Furthermore, forthcoming building projects in developed countries, including the Bruce Highway Upgrade in Australia and the Las Vegas Convention Center people mover in the United States, will boost the bitumen membrane market’s growth over the projection period.

Bitumen Membranes Market Growth Drivers

Bituminous membranes find lucrative applications across various construction activities such as the roofing of basements & ground structures and waterproofing of bridges & other structures. For instance, polymer-modified bitumen membranes along with bitumen paints consisting of specialized bitumen products blended with tiny material proportions are applied in waterproofing operations. Furthermore, they are used in sheet form to increase the resistance of concrete structures to damages occurring as a result of moisture, thereby enhancing their lifespan.

Apparently, thriving construction activities witnessed in countries like Japan, India, and China will create humungous demand for bitumen membranes industry over the forecast period. In addition to this, growing urbanization, a surge in Chinese and Indian populace, reduced labor charges, and favorable government programs will steer the market growth over forecasting years.

Moreover, the bitumen membranes industry is fragmented in nature, it is more likely that the firms in the business will try to adopt approaches such as the creation of economies of scale, developing of the experience curve, and standardization of diverse industry needs in order to consolidate their position in the bitumen membranes market.

Asia Pacific To Dominate Overall Market Growth Over 2032

The regional market growth over the forecast timeline is owing to a prominent surge in construction activities in countries like China and India. Moreover, the Chinese authorities have liberalized the regulations to promote the country’s construction programs. Additionally, projects such as smart city mission initiatives and AMRUT launched in India along with large-scale private & public investments in infrastructural development will prop up the market growth over the forecast period.

Global Bitumen Membranes Market: Segmentation

The study provides a decisive view of the bitumen membranes market by segmenting the market based on by grade type, by product type, by application and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By grade segment includes Atactic Polypropylene [APP], Styrene-Butadiene-Styrene [SBS].

By product type segment analysis includes Sheets and Liquid.

By application segment analysis includes Residential, Non-Residential, Automotive.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Bitumen Membranes Market: Report Scope

Bitumen Membranes Market Key Players

Key players profiled in the bitumen membranes market report include:

• ΝORDIA S.A.
• Isoltema Group
• BMI Group
• Soprema International
• BTM
• Firestone Building Products Company LLC
• IKO Group
• Johns Manville
• Ardex
• Tiki Tar
• Baumerk
• Total S.A.
• BASF SE
• Bondall

The global bitumen membranes market is segmented as follows:

By Grade

• Atactic Polypropylene [APP]
• Styrene-Butadiene-Styrene [SBS]

By Product

• Sheets
• Liquid

By Application

• Residential
• Non-Residential
• Automotive 

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa