Latest News- Elastomeric Membrane Market: Non-residential is expected to lead the End-user segment during 2024-2028

The Elastomeric Membrane Market is being driven by Increasing consumption of thermoplastic elastomer coatings in automotive industry

The Elastomeric Membrane Market is expected to grow at a CAGR of 6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13.5 million. The global elastomeric membrane market is poised for substantial growth, driven by the expanding construction industry and the resulting demand for high-performance materials. Urbanization and infrastructure development, particularly in emerging economies, are key factors fueling this trend. Elastomeric membranes, recognized for their durability, waterproofing properties, and flexibility, are increasingly being utilized in both residential and commercial construction projects. Notably, significant investments in infrastructure development in countries like China and India, driven by substantial government spending on roads, bridges, and commercial buildings, are expected to further boost market expansion. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Non-residential
  • Residential
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing consumption of thermoplastic elastomer coatings in automotive industry
• Rising expenditure on non-residential projects
• Adoption of strict environmental norms and regulations for green buildings

However, the market also witnesses some limitations, which are as follows:

• Volatility in prices of raw materials
• Need for higher dry film thickness in elastomeric membrane
• Higher cost of elastomeric membranes compared to conventional paints

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Market Scope in Elastomeric Membrane Market Research Report

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Research Analysis Overview

The Elastomeric Membrane Market encompasses waterproofing membranes made from thermoplastic elastomeric polymers and modified bitumen compounds. These membranes, which include self-adhesive types, utilize nonwoven polyester carriers and glass fibers. In engineering and construction, elastomeric membranes offer durable roofing solutions for energy-efficient buildings and sustainable construction. They provide protection against water damage, moisture intrusion, UV radiation, and extreme weather events. Advanced techniques incorporate innovative elastomeric membranes with self-healing properties, integrated solar panels, and smart technologies. Applications span waterproofing foundations, walls, and roofs, as well as green roofing systems.

Market Research Overview

The elastomeric membranes segment within the specialty chemicals market encompasses waterproofing membranes produced using thermoplastic elastomeric polymers, modified bitumen compounds, nonwoven polyester carriers, and glass fibers. Manufacturers of these high-value-added chemicals cater to the engineering and construction industries, producing specialized products such as self-adhesive membranes. The global specialty chemicals market, which includes these manufacturers, is projected to expand significantly due to the increasing demand for advanced adhesives and sealants in various industries. This trend, coupled with the growing infrastructure development and construction activities worldwide, will propel the market's growth throughout the forecast period.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/