Global Sheet Membrane Market 2017-2021
About Sheet Membrane
A sheet membrane is a waterproofing membrane, which is generally available in the market in the form of rolls. They can be laid or deployed on the surface to safeguard the entry of water into the surface; thus, making the surface water resistant. The global sheet membrane market is expected to witness rapid growth during the forecast period owing to its durability, flexibility, tear resistance, cost-effectiveness, minimal labor employment, and eco-friendly nature. The growth of the market is attributed mainly to the growing application of residential and public infrastructure construction due to diversifying lifestyle, increasing disposable income, and the growth in the construction industry that leverages in market expansion.
Technavio’s analysts forecast the global sheet membrane market to grow at a CAGR of 6.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sheet membrane market for 2017-2021. To calculate the market size, the report considers the revenue generated in terms of value for the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sheet Membrane Market 2017-2021
Technavio recognizes the following companies as the key players in the global sheet membrane market: BASF, Dow Chemical, Saint-Gobain, Sika, and SOPREMA.
Other Prominent Vendors in the market are: Carlisle Companies, Firestone Building Products, GAF, GSE Environmental, and Johns Manville.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rapid industrial expansion. Modernization and diversification of social and economic lifestyle, increasing urban population, and renovation of buildings have led to the intensification of the industrial construction sector. This, in turn, resulted in an expeditious use of sheet membranes in the construction industry.”
According to the report, one of the major drivers for this market is rise in construction industry. Urbanization requires adequate commercial and residential infrastructure. The rapid growth in urbanization over the last few decades has led to the construction of skyscrapers and tall structures around the world, especially in emerging economies.
Further, the report states that one of the major factors hindering the growth of this market is volatility in raw material prices. Bitumen and polypropylene are mainly used for manufacturing sheet membranes. These are produced from petroleum products, which undergo certain regulations starting from their production till the supply chain. The increase in such regulations to reduce greenhouse gases directly impacts the prices of petroleum products there by influencing the prices of bitumen and polypropylene. Price volatility of raw materials and an increase in energy cost will decrease the production volumes of petroleum products.
BASF, Dow Chemical, Saint-Gobain, Sika, SOPREMA, Carlisle Companies, Firestone Building Products, GAF, GSE Environmental, and Johns Manville.