Kerala Daily

Increasing spending on infrastructure development drive the Liquid Applied Membranes Market

 Breaking News
  • No posts were found

Increasing spending on infrastructure development drive the Liquid Applied Membranes Market

October 05
19:30 2021
Increasing spending on infrastructure development drive the Liquid Applied Membranes Market
Browse 187 market data tables and 33 figures spread through 176 pages and in-depth TOC on “Liquid Applied Membranes Market”
Liquid Applied Membranes Market by Type (Bituminous, Elastomeric, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), End-Use Industry (Residential, Commercial, Public Infrastructure), and Region

The global liquid applied membranes (LAMs) market size is expected to grow from USD 18.5 billion in 2020 to USD 24.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period. This high growth is due to the increasing spending on infrastructure development and the growing requirement of water management activities in the APAC region. 

Infrastructure development includes creating power stations, electricity grids, water supply & treatment plants, roads, railways, airports, bridges, telecommunication networks, schools, and hospitals. According to PriceWaterhouseCoopers (PWC), the output for residential and non-residential (including commercial, industrial, and others) infrastructures will grow by 85%, in terms of volume, to reach USD 15.5 trillion by 2030. The long shelf-life of LAMs and the fact that the waterproofing properties of a variety of polymers and high-performance materials can be easily improved with the help of these membranes will work in favor of the market. They are compatible with a wide variety of substrates, including ceramic, stone, and wood. The strong properties of LAMs, along with growing infrastructural developments, are expected to drive growth in the LAMs market during the forecast period.

To know about the assumptions considered for the study download the pdf brochure

The residential construction end-use industry is expected to grow at the highest CAGR in the global LAMs market 

Residential construction, commercial construction, and public infrastructure are the major end-use industries in the LAMs market. Of these, residential construction is estimated to be the largest and fastest-growing end-use industry during the forecast period. Cold-applied liquid waterproofing and roofing membranes are used on concrete podium slabs, roof decks, and planters in protected roofing applications. The ease of application of LAMs in various roofing and non-roofing applications is driving their demand in the residential construction end-use industry.

APAC is expected to hold the largest market size in the global LAMs market

The APAC was the largest market for LAMs in 2019 and is also expected to be the fastest-growing market during the forecast period. Market growth is primarily due to its rapidly growing population and increasing urbanization and industrialization. These factors are driving the demand for residential and commercial buildings in the region. Developing economies, such as India, China, South Korea, and Australia, are investing in various residential and commercial infrastructural development projects that are driving the market. Major vendors in the LAMs market include Sika AG (Switzerland), GCP Applied Technologies (US), Carlisle Companies (US), the Soprema Group (France), MAPEI (Italy), Fosroc (UK), BASF (Germany), Tremco (US), Johns Manville (US), RENOLIT (Germany), Alchimica Building Chemicals (Greece), CHRYSO (France), Copernit (Italy), Elmich (Singapore), Firestone Building Products Company (US), GAF (US), Henkel Polybit (Germany), Henry Company (US), IKO (Canada), ISOMAT (Greece), Kemper System (US), Paul Bauder (Germany), Pidilite Industries (India), Saint-Gobain Weber (France), and Siplast (US).

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=175737886

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/liquid-applied-membranes-market-175737886.html

Categories