Bitumen Membrane Sheets Market in-depth Industry Analysis with current trends and Future Estimations

The bitumen membrane sheets market is projected to exhibit sturdy growth by 2027 owing to increasing construction activities in key regions. In addition, continuous enhancements and innovations to create high-performance and long-lasting roofing solutions are likely to promote market growth over the forecast period.
Bitumen, commonly known as asphalt, is a liquid or semi-solid form of petroleum that is sticky, black, and highly viscous. It is extensively used in the building & construction industry on account of its excellent waterproofing qualities. Bitumen membrane sheets are considered ideal for waterproofing bridges, roofs, basements, and other structures. Mounting consumer demand for bitumen membrane sheets has accelerated global product demand, thereby augmenting industry expansion in recent years.
Notably, industry participants have been employing profitable strategies to gain a competitive edge in rapidly evolving marketplaces, which has positively impacted the overall market landscape. For instance, in December 2021, TECHNONICOL Corporation, a prominent supplier of thermal insulation, roofing, waterproofing, and sound absorption materials, announced the acquisition of Chesterfelt Ltd., a U.K.-based bitumen roofing manufacturer. The deal enabled TECHNONICOL to broaden its building product portfolio.
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To cite another instance, in July 2019, Polyglass U.S.A., Inc., a prominent waterproofing and roofing systems provider, expanded its self-adhered product portfolio with the launch of Elastoflex SA P Polar Cap™ and Elastoflex SA V Polar Base™. The novel self-adhered bitumen roofing systems have been designed using the company’s ADESO Technology and can offer several benefits, such as withstanding colder conditions for long-term performance, easy installation, and increased stability and tear-resistance.
The bitumen membrane sheets market has been segmented on the basis of application, grade, and region. In terms of grade, the market has further been segregated into APP (atactic polypropylene) and SBS (styrene-butadiene-styrene). The APP (atactic polypropylene) sub-segment accounted for around 26% market share in 2020 and is projected to progress at a robust pace over 2021-2027.
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With respect to application, the bitumen membrane sheets market has been divided into non-residential, residential, and others. The others sub-segment is anticipated to reach a substantial valuation by 2027, growing at approximately 2.5% CAGR through the forecast period.
From the regional point of view, the Latin America bitumen membrane sheets market held a share of nearly 4.4% in the global industry in 2020 and is poised to expand at a CAGR of about 4.8% over the study timeline. Meanwhile, the Middle East & Africa bitumen membrane sheets industry dominated the overall market and is set to garner notable gains by the end of 2027, expanding at a CAGR of more than 5.3% through the review period.