Roofing Membranes Market - Global Industry Analysis, Growth, Trends and Forecast 2016 - 2024

Transparency Market Research
Roofing Membranes Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 – 2024
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REPORT DESCRIPTION
A roofing membrane is a type of roofing system for buildings and tanks. In the covering of the large-area roofs of commercial and
industrial buildings and for renovation projects, thermoplastic polyolefin membranes offer considerable advantages. The roofing
membranes market is segmented into types, application, and geography. On the basis of types, the market is segregated into modified
bitumen, polyvinyl chloride (PVC), thermoplastic polyolefin (TPO), and ethylene propylene diene monomer (EPDM). The growth of
construction activity in emerging countries is a key factor expected to propel the growth of the market during the forecast period. In addition,
the recent increase in per capita income in emerging economies is expected to augment the adoption of technologically upgraded products
over the forecast period. Thermoplastic polyolefin roofing membranes are the fastest-growing commercial roofing membrane segment and
have gained the wide acceptance in different industries for their installation advantages at competitive prices and ability to offer good
performance for a longer period of time. Other benefits of thermoplastic polyolefin roofing membranes are recyclability, flexibility, durability,
eco-friendly chemistry, heat resistance, lower labor requirement, and low installation costs for efficient roofing systems. On the basis of
application, the market has been segregated into commercial roofing (hotels, malls, offices, factories, public outlets, and educational
institutes) and residential roofing. Increasing demand for cost-effective roofing membranes is expected to create an area of opportunity for
the growth of the market over the forecast period. Moreover, local manufacturers are introducing newer products to capitalize on the
people’s increasing purchasing power.
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Geographically, the roofing membranes market is segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and
Latin America. All these regions are seeing an rising demand for roofing membranes due to increasing governmental investments on
account of infrastructural developments. North America dominated the global demand for roofing membranes in 2015 in terms of revenue.
The U.S. and Canada are anticipated to experience rapid growth, propelling the usage of roofing membranes in North America. Rapid
industrialization and growing construction activities are expected to drive the demand for roofing membranes in this region. Furthermore,
developing regions continue to garner a considerable share of the global roofing membranes market, creating huge opportunities for market
players. Asian countries like India, China, and Japan have witnessed an increase in the demand for roofing membranes. Moreover, Middle
Eastern countries such as Qatar, Turkey, and Saudi Arabia will contribute to the growth of the market due to the growing demand for
roofing membranes.
The global roofing membranes market is highly competitive due to the presence of both large-scale and small-scale vendors. These
companies have been investing considerable capital in R&D in order to expand their production capabilities and to meet growing market
demand. Since all the major vendors compete with one another to gain maximum market shares, the competitive environment in the market
is rather fierce. These vendors compete in terms of product differentiation, price, product innovation, product distribution, and promotion.
Competition in the market will intensify further with the emergence of more players. Technological upgrades will lead to the entry of a large
number of new players who engage in single- and multi-dealer platforms. This leads to higher levels of competition among existing players.
To survive in this competitive market and to gain success, it is crucial for manufacturers to distinguish their products and services through a
unique and clear value proposition.
Some of the key players actively present in the roofing membranes market are Carlisle Companies Inc., Sika AG, The Dow Chemical
Company, Soprema Group, Firestone Building Products Company, LLC, BASF SE, GSE Environmental, Johns Manville, and GAF
Materials Corporation.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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Global Roofing Membranes market is highly competitive due to the presence of both large-scale and small-scale vendors; companies have been investing considerable capital in R&D in order to expand their production capabilities and to meet growing market demand Download the Excluisve Report Sample Here : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18413