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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