Market Overview: Liquid Applied Membranes Market
A low viscosity waterproofing membrane called a liquid applied membrane (LAM) is applied as a liquid coating to both horizontal and vertical surfaces. The global construction sector is seeing an increase in demand for LAM, which is also regarded as a next-generation waterproofing chemical due to its monolithic, seamless nature, and ability to adjust to any configuration.
A large market for repair and rehabilitation, which can be solved by liquid applied membranes, is being created by the use of subpar construction materials in the past, followed by inadequate maintenance of the building structure. The market for liquid applied membrane is driven by repair and restoration projects to an extent of 40–45%. Additionally effective at minimising concrete fractures, liquid applied membranes are in high demand all over the world.
The need for durable and sustainable infrastructure development has been recognised by governments of both developed and developing nations. The demand for green buildings is being sparked by this, which is creating a significant market opportunity for liquid applied membranes.
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On the basis of types or segment, liquid applied membrane is broadly classified into: Cementitious, Bituminous, Polyurethane, and Polyurea membrane. Cementitious membrane accounted for a majority share in the overall liquid applied membrane market.
Easy maintenance and less sophisticated technologies as compared to other polymer modified LAMs is driving the growth of cementitious membrane globally. Low prices and good mineral content of cementitious membrane is also pushing its growth over other liquid applied membranes.
Improving infrastructure and increasing infrastructural spending coupled with rising disposable income of average consumers is expected to drive the liquid applied membrane market in North America, which was the largest market in 2013.
Due to growing industrialization and urbanization in developing countries such as India and China, growth in Asia Pacific is expected to be the highest in the next few years and Asia Pacific is expected to be the largest market for liquid applied membrane by 2020.
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Some leading global players operating in the liquid applied membrane market include Sika AG, Pidilite Industries, BASF SE, Fosroc International, Chembond Chemicals, and The Dow Chemical Company.
Key geographies evaluated in this report
- North America
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- Latin America
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Key features of this report
- Drivers, restraints, and challenges shaping the Liquid Applied Membranes market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Liquid Applied Membranes market estimates and forecasts(2015 -2021)
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