Liquid Applied Membranes Market by Type (Bituminous, Elastomeric, Cementitious), by Application (Roofing, Underground Construction, Walls, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Liquid Applied Membranes Market size was valued at USD 6.1 USD Billion in 2023 and is projected to reach USD 8.81 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Liquid Applied Membranes (LAMs) are a group of products that are in the liquid form and be applied at the site as liquids and turned into membranes after curing. Membrane sheets are of different kinds; the major ones being the bituminous sheets, polyurethane sheets, and cementitious sheets. Among the manufacturers of roofing materials, bituminous membranes consist of a material that is extracted from asphalt and used in waterproofing roofs and foundations. Polyurethane membranes are extremely durable and flexible which is suitable for areas with high moving capability such as balconies and terraces. vapor barriers: cementitious membranes of cement and additives are normally used where there is high humidity in the building locality. The specific characteristics of LAMs are non-penetrative and relatively simple in application, continuous and tightly adherent to the structures, and not affected by water penetration and various environmental factors. They are mostly employed in construction projects such as roofing, basements, balconies, and tunnels to avoid the effects of water and extend the lifespan of construction.
The market is witnessing a shift towards hybrid liquid-applied membranes that combine the properties of different membrane types, such as bituminous and elastomeric, offering enhanced performance and durability. Government initiatives promoting energy efficiency in buildings and rising awareness about environmental sustainability further drive the adoption of liquid-applied membranes. Technological advancements, including the development of self-healing and low-VOC membranes, are also shaping the market landscape.
Several factors contribute to the growth of the liquid-applied membranes market:
Despite the market's growth potential, challenges and constraints hinder its full expansion:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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