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Liquid-applied membrane (LAM) is a monolithic, fully-bonded, liquid-based coating suitable for many waterproofing and roofing applications. Its key properties includes low viscosity, environment friendly nature, low odour has increased its utilization in infrastructure sector will positively favour industry growth. Furthermore, easy application and cost effective nature as compared to sheets will further accelerate market growth over coming years. Extensive research to develop sustainable products focusing on differentiation will fuel product demand in coming years.
The increasing number of infrastructure-related projects is encouraging private participation in infrastructure (PPI) to invest more, thereby creating demand for liquid applied membrane. Growing consumer awareness along with demand for international living standards supported by extensive urbanization mainly in countries like India and China will further boost need for effective waterproofing for strong building structure. Need for effective waterproofing through liquid applied membrane where it blocks moisture entry in the building structure to maintain quality of construction will further accelerate market growth.
The report analyses the global liquid applied membrane market based on type, application, construction type and geography.
Various product studied are segmented into bituminous, elastomeric and cementitious. Elastomeric membrane is a waterproof roofing material that can resist high temperatures and are durable. As it can withstand high temperature, it is widely used in the regions where extreme climatic conditions prevail. Lifespan of elastomeric membrane are about 25 to 30 years. Increasing adoption of elastomeric membrane in roofing industry mainly for green roofs will further boost the growth of the market. Elastomeric liquid applied membrane is further divided into polyurethane, acrylic and other membranes like polyuria and PMMA.
Furthermore, application studied in the market includes roofing, underground construction, walls and others. Growing urban population and increasing demand for residential construction will drive the market of liquid applied membrane in roofing segment. Moreover, rising demand for green roofs to make LEED certified construction making then environmentally sustainable buildings will further boost the market growth of liquid applied membrane in roofing application.
Various end-user construction type considered in this study includes residential construction, commercial construction, and public infrastructure construction. Rising small and medium-sized businesses worldwide, that has increased the construction of commercial buildings. Furthermore, increasing construction of commercial buildings will also boost the market growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Due to growing industrialization and urbanization in developing countries such as India and China, growth in Asia Pacific is expected to be the highest in the next few years and Asia Pacific is expected to be the largest market for liquid applied membrane by 2027.
The key competitors of this market include BASF SE (Germany), Carlisle Companies Inc. (U.S), Sika AG (Switzerland), Soprema Group (France), Kemper System America Inc. (U.S), Saint Gobain Weber India (India) , The DOW Chemical Company (U.S), GCP Applied Technologies Inc. (U.S), Johns Manville Corporation (U.S), and Henry Company LLC (U.S) amongst others.
The report analyses the global liquid applied membrane market based on type, application, construction type and geography. Various product studied are segmented into bituminous, elastomeric and cementitious. Furthermore, application studied in the market includes roofing, underground construction, walls and others. Additionally, end-user construction type considered in this study includes residential construction, commercial construction, and public infrastructure construction. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan, Australia and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
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