Roofing Membrane Market Size and Growth Rate:
The Global Roofing Membranes Market
Size was valued at USD XX Million in 2018. The Roofing Membranes Market is
expected to exceed USD XX million by 2023 and grow at a compound annual rate of
XX% from 2018 to 2023.
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Membrane Market @ https://www.researchcosmos.com/reports/roofing-membranes-market/18003920
Roofing Membrane Market Overview:
A roofing membrane is a type of roofing system
for buildings and tanks. In the covering of the large-area roofs of commercial
and industrial buildings, and for renovation projects, thermoplastic polyolefin
membranes offer considerable advantages
Roofing Membrane Market Growth Drivers and Restraints:
The growth of construction activity in emerging
countries is a major key factor expected to propel the growth of the market
during the forecast period. Moreover, the recent increase in per capita income
in emerging economies is propelled to augment the adoption of technologically
upgraded products over the forecast period. Thermoplastic polyolefin roofing
membranes are the fastest-growing commercial roofing membrane segment and have
gained the wide acceptance in different industries for their installation
advantages at competitive prices and ability to offer good performance for a
longer period of time.
Some other benefits of thermoplastic polyolefin
roofing membranes are durability, eco-friendly chemistry, recyclability,
flexibility, heat resistance, lower labor requirement, and low installation
costs for efficient roofing systems. Increasing demand for cost-effective
roofing membranes is expected to create an area of opportunity for the growth
of the market over the forecast period. Moreover, local manufacturers are
introducing newer products to capitalize on people’s increasing purchasing
power
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Roofing Membrane Market Geographical Segmentation:
In terms of geography, the roofing membranes
market is classified into Europe, Asia Pacific, North America, Middle East and
Africa (MEA), and Latin America. All these regions are seeing a growing demand
for roofing membranes due to increasing governmental investments on account of
infrastructural developments. North America dominated the global demand in 2015
in terms of revenue. The U.S. and Canada are anticipated to experience rapid
growth, propelling the usage of roofing membranes in North America.
Rapid industrialization and growing
construction activities are expected to drive the demand for roofing membranes
in this region. Furthermore, growing countries proceed to garner a considerable
share of the global roofing membranes market, creating huge opportunities for
market players. Asian countries like China, India, and Japan have witnessed an
increase in the demand for roofing membranes. In addition, Middle Eastern
countries such as Turkey, Qatar, and Saudi Arabia will contribute to the growth
of the market due to the growing demand for roofing membranes.
Keyplayers
of the Roofing Membrane Market:
Some of the key players actively present in the
roofing membranes market are The Dow Chemical Company, Soprema Group, Carlisle Companies Inc., Sika AG, Firestone
Building Products Company, LLC, BASF SE, GSE Environmental, Johns Manville, and
GAF Materials Corporation.
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