Bitumen Membranes Market to Exceed Valuation of USD 3.74 Billion by 2027

According to a recent report by Reports and Data, the global bitumen membranes market is projected to reach USD 3.74 billion by 2027, with a compound annual growth rate (CAGR) of 4.8%. Bitumen membranes are designed to provide waterproofing and coverage for industrial and residential buildings. These membranes consist of highly viscous, elastic, and waterproof organic liquids. They are commonly used as roofing systems to prevent leaks and facilitate water drainage on nearly flat or level roofs. Bitumen membranes have various applications, including humidification, waterproofing, binding, rust-proofing, joint filling, and crack formation. The demand for these products is expected to steadily rise in road expansion, infrastructure rebuilding, and the construction of buildings and bridges. The growing demand from the building sector, driven by environmental regulations and the affordability of roofing systems, has contributed to the increased production of polymer-modified bitumen (PMB). PMB offers excellent durability, flood resistance, and high-temperature tolerance, resulting in an increased demand for this type of bitumen.

The dominant grade in the market is Atactic Polypropylene (APP), which is commonly used for waterproofing applications on roofs, curtain walls, sloping concrete floors, foundations, and more. APP offers various superior features such as usability, excellent life expectancy, superior weather tolerance, strong dimensional durability, outstanding adhesive properties, high puncture and mechanical injury tolerance, and excellent chemical resistance. The increased usage of APP in the construction industry is expected to drive the growth of this segment.

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Modified bitumen membranes are prepared by integrating thermoplastic polymers with oxidized or straight-run bitumen and a mineral filler. This mixture is then coated onto a polyester mat or fiberglass. The resulting waterproofing devices are constructed from polymer-modified bitumen sheets with a base layer. In Europe, these sheets are placed on temperature-resistant insulating boards when installing compact roof systems. In North America, fiberglass layers filled with a combination of calcareous mineral filler and oxidized bitumen are used, resulting in roll roofing products made from a stone granule matrix. Bitumen membrane roofing offers advantages over traditional gravel and asphalt roofing methods, as they provide better seals at contact points and seams, reducing the risk of early roof leakage and lowering maintenance costs. Repair and maintenance of bitumen membrane roofs are also easier as they allow for easier identification and rectification of leakage points.

The COVID-19 pandemic has had a significant impact on the bitumen membranes market. Manufacturers have had to adjust their development and purchasing strategies to meet the changing demands caused by the pandemic. Negative and positive shocks are expected to occur as distributors and manufacturers respond to evolving consumer demand. Export-dependent economies and countries with unfavorable global environments may be particularly vulnerable. Some factories have either shut down or reduced their capacity, while others have halted production as a precautionary measure. Customers have become more focused on essential needs, causing company dynamics to become chaotic in Asia Pacific countries.

To summarize the key findings from the report:

  • Styrene-Butadiene-Styrene (SBS) grade generated a revenue of USD 0.81 billion in 2019 and is expected to grow at a CAGR of 4.9% due to its ability to improve bitumen's resistance to chemicals and aging, providing rubber-like properties, and the increasing demand for roll roofing.
  • The need for cost-effective roofing solutions and the increasing demand for waterproofing solutions globally are expected to drive the growth of the bitumen industry.
  • The non-residential sector is the major contributor to the bitumen membranes market, particularly in Europe, where it accounted for approximately 52.2% of the market in 2019. This is driven by the demand for waterproofing in various construction projects such as malls, office buildings, educational establishments

Bitumen Membranes Market: Notable Innovation

The bitumen membranes market has witnessed notable innovations aimed at enhancing the performance, durability, and sustainability of these products. Some of the notable innovations in the market include:

1.      Polymer-Modified Bitumen (PMB): Polymer modification of bitumen has been a significant innovation in the industry. PMB involves incorporating polymers such as styrene-butadiene-styrene (SBS), atactic polypropylene (APP), or styrene-ethylene-butadiene-styrene (SEBS) into bitumen to improve its properties. PMB offers enhanced flexibility, elongation, durability, and resistance to aging, weathering, and cracking.

2.      Self-Healing Bitumen Membranes: Self-healing bitumen membranes are designed to repair small cracks and damages on their own, extending the lifespan of the membrane. These membranes contain additives that react with moisture to create a self-healing effect, filling in small cracks and preventing water infiltration.

3.      Eco-Friendly Bitumen Membranes: With increasing emphasis on sustainability, eco-friendly bitumen membranes have gained traction in the market. These membranes are manufactured using recycled materials, bio-based polymers, or environmentally friendly additives. They provide similar performance characteristics to traditional bitumen membranes while reducing environmental impact.

4.      Reflective and Cool Roofing Solutions: Reflective and cool roofing solutions have become popular in regions with high solar radiation and hot climates. These innovative bitumen membranes are designed to reflect sunlight and reduce heat absorption, leading to energy savings and improved thermal comfort within buildings.

These innovations in the bitumen membranes market aim to provide improved functionality, sustainability, ease of installation, and cost-effectiveness. They cater to the evolving needs of the construction industry and contribute to enhanced building performance and longevity.

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