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 - Global Forecast to 2025

Report Code: CH 3979 Oct, 2020, by marketsandmarkets.com

[ 141 Pages Report] 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. 

Global Liquid Applied Membranes Market Trend

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COVID-19 Impact on the Global LAMs market

The outbreak of novel coronavirus (COVID-19) pandemic has affected people in more than 200 countries across the globe. According to the International Monetary Fund (IMF), the global economy is expected to shrink by 3.0% in 2020. According to IMF, the pandemic has forced the global economy into the worst ever recession since the Great Depression of the 1930s. Many countries are under strict lockdown, which has forced several sectors to shut down their operations. Due to lockdown, construction activities are at a halt, and this has reduced the demand for LAMs. In the second half of 2020, some countries have started to lift restrictions and gradually start business operations in various sectors. Even if the lockdown is being lifted, it will be challenging for the companies to get back to normal working conditions. This will subsequently affect the LAMs market. 

LAMs Market Dynamics

Driver: Increasing spending on infrastructure development

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.

Restrain: Availability of substitutes, such as sheet membranes, for large-scale, open surfaces

LAMs utilize a liquid that dries on-site to form a waterproof coating on surfaces. These membranes can generally be applied anywhere. However, sheet membranes are mostly preferred in large-scale, open situations. Sheet membrane waterproofing is a method of waterproofing in which the membrane is bonded to the substrate. In sheet membrane applications, the membrane is clearly visible, while in liquid membrane applications, sometimes unwanted gaps may form in the seal. Sheet membranes also have the advantage of a protective backing on both sides that allows work to resume in the space even while the membrane is bonding to the substrate. The problem with liquid membranes is that they can take up to 24 hours to dry, depending on the temperature of the room. During this time, space cannot be accessed without compromising the seal. This makes sheet membranes the perfect choice for high-traffic, large-scale, or particularly exposed areas

Opportunity: Growing demand for green roofs

Green roofs are roof structures that are completely or partially covered with vegetation. Green roofs can reduce energy costs, minimize the urban heat island effect, remove harmful air particles, and reduce stormwater runoff. Green buildings, on the other hand, are buildings that are energy-efficient and environmentally responsible throughout a building’s life cycle. Waterproofing is an important aspect of these building structures as it provides efficient protection from water runoff and weather conditions as well as energy efficiency. In countries such as Germany and the US, green buildings are witnessing high growth owing to regulations pertaining to emissions from buildings, and also due to the positive impact of these establishments. Major manufacturers of LAMs, such as Sika, Fosroc, and Tremco, are increasingly applying for green certifications for their products for use in sustainable construction projects that include green roofs and green buildings.

Challenge: Volatility in raw material prices

Volatility in raw material prices of crude oil is one of the major challenges for LAMs manufacturers. Most raw materials for bitumen and elastomeric coatings are petroleum-based and are vulnerable to fluctuations in prices.  The rise or fall in crude oil prices directly impacts the price of the raw materials required for LAMs. Manufacturers have to cope with high and volatile raw material costs, which reduce their profit margins. This scenario has compelled market players to enhance the efficiency and productivity of their operations to sustain growth and retain market share.

By type, the elastomeric membranes segment accounts for the largest market size during the forecast period

Elastomeric is the largest type of LAMs owing to its superior mechanical properties. These membranes have a wide range of applications in the construction industry for waterproofing and protecting surfaces against abrasion and chemicals. They are highly elastic and possess good chemical resistivity. Acrylic and polyurethane membranes are the two most common elastomeric membranes used globally. They provide excellent throughput with high liquid flow rates at low differential pressures, ensuring robust performance even in the most aggressive applications.

The residential construction end-use industry is projected to have the fastest growth during the forecast period

Residential construction is growing rapidly owing to the increase in residential projects in emerging economies, government initiatives, and favorable investments. The rising population has also fueled the growth and requirement for affordable houses, resulting in a large market. China and India are the leading markets in the residential construction industry owing to their increasing populations and the replacement of demolished properties. 

Liquid Applied Membranes Market By Region

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APAC is expected to account for the largest market size during the forecast period

Based on region, the LAMs market has been segmented into APAC, Europe, North America, the Middle East & Africa, and South America. APAC LAMs market is the largest and fastest-growing market, owing to the growing population and urbanization. With the increasing population and urbanization, the need for residential, commercial, and industrial buildings will increase, which will drive the consumption of LAMs in the region. 

Key Market Players

The major vendors in the LAMs market 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).

Sika AG (Switzerland) is a leading LAMs manufacturer. SIKA is growing its business by expanding both its capacity and geographical presence—through local acquisitions. This has provided the company with greater customer proximity, increased competitiveness, and profitable growth. GCP Applied Technologies (US)  invests strongly in strategic expansion and acquisition to bolster its offerings, capabilities, and sales channels. It has a strong global network for the sales of its products that influence the buying decisions for LAMs. R&D also plays a crucial role in the development of environmentally sustainable products for the company.

Scope of the Report:

Report Metric

Details

Market size available for years

2018-2025

Base year considered

2019

Forecast period

2020-2025

Forecast units

Value (USD Million) and Volume (Million Square Meters)

Segments covered

Type, Application, End-use Industry, and Region

Geographies covered

North America, APAC, Europe, South America, and Middle East & Africa

Companies covered

Sika AG (Switzerland), GCP Applied Technologies (US), Carlisle Companies (US), the Soprema Group (France), and MAPEI (Italy).
A total of 25 players were covered.

This research report categorizes the LAMs market based on type, application, end-use industry, and region. 

Based on Type:

  • Bituminous Membranes
  • Elastomeric Membranes
  • Cementitious Membranes 

Based on Application:

  • Roofing
  • Walls
  • Building Structures
  • Roadways 

Based on End-use industry:

  • Residential Construction
  • Commercial Construction
  • Public Infrastructure 

Based on Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In January 2020, Sika invested in a new production plant of acrylic membranes in Barranquilla, Colombia. The facility will help the company to serve the Caribbean market and the northern part of Colombia
  • In May 2018, GCP Applied Technologies acquired UK-based R.I.W. Limited, a supplier of waterproofing products, for USD 30 million. The company provides products for commercial and residential construction applications. This expanded GCP’s penetration in the waterproofing sector in the UK.
  • In November 2017, Carlisle acquired Accella Performance Materials, which provided a new platform for the company to generate revenue. This also created opportunities to pursue additional adjacencies within the USD 15-billion global construction-related polyurethane market.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Inclusions & Exclusions
    1.4 Market Scope
           1.4.1 Market segmentation
           1.4.2 Regions covered
           1.4.3 Years considered for the study
    1.5 Currency
    1.6 Unit Considered
    1.7 Summary of Changes

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 Research Data
           FIGURE 1 Liquid applied membranes market: Research design
           2.1.1 Secondary data
                    2.1.1.1 Key data from secondary sources
                    2.1.1.2 Liquid applied membranes market analysis through secondary interviews
           2.1.2 Primary data
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-up approach
                    FIGURE 2 Liquid applied membranes market: Bottom-up approach
           2.2.2 Top-down approach
                    FIGURE 3 Liquid applied membranes market: Top-down approach
    2.3 Data Triangulation
           FIGURE 4 Liquid applied membranes market: Data triangulation
    2.4 Limitations
    2.5 Assumptions

3 EXECUTIVE SUMMARY (Page No. - 33)
    FIGURE 5 Elastomeric membranes dominated the market in 2019
    FIGURE 6 Residential end-use industry to dominate the market during the forecast period
    FIGURE 7 APAC accounted for the largest market share in 2019

4 PREMIUM INSIGHTS (Page No. - 36)
    4.1 Attractive Opportunities in the Liquid Applied Membranes Market
           FIGURE 8 High growth projected in the market during the forecast period
    4.2 Liquid Applied Membranes Market, by Type
           FIGURE 9 Elastomeric membranes to register the highest growth during the forecast period
    4.3 Liquid Applied Membranes Market, by End-use Industry
           FIGURE 10 Residential construction to be the largest end-use industry of liquid applied membranes
    4.4 Liquid Applied Membranes Market, by Country
           FIGURE 11 India to register the highest CAGR in the global market
    4.5 APAC: Liquid Applied Membranes Market, by End-Use Industry and Country, 2019
           FIGURE 12 Residential construction segment and China accounted for largest shares

5 MARKET OVERVIEW (Page No. - 39)
    5.1 Introduction
    5.2 Market Dynamics
           FIGURE 13 Liquid applied membranes market: Drivers, restraints, opportunities, and challenges
           5.2.1 Drivers
                    5.2.1.1 Increasing spending on infrastructure development
                    5.2.1.2 Growing requirement of water management activities in the APAC region
           5.2.2 Restraints
                    5.2.2.1 Availability of substitutes, such as sheet membranes, for large-scale, open surfaces
           5.2.3 Opportunities
                    5.2.3.1 Growing demand for energy-efficient buildings and green roofs
           5.2.4 Challenges
                    5.2.4.1 Fluctuations in raw material prices
    5.3 Impact of COVID-19 on the Liquid Applied Membranes Market
           5.3.1 COVID-19
           5.3.2 Confirmed cases and deaths, by geography
                    FIGURE 14 Pace of global propagation of COVID-19 is unprecedented
           5.3.3 Impact on application and end-use industries
    5.4 Porter’s Five Forces Analysis
           FIGURE 15 Porter’s five forces analysis of the liquid applied membranes market
           5.4.1 Threat from substitutes
           5.4.2 Bargaining power of suppliers
           5.4.3 Threat from new entrants
           5.4.4 Bargaining power of buyers
           5.4.5 Intensity of competitive rivalry
    5.5 Raw Material Analysis
           5.5.1 Bituminous membranes
           5.5.2 Elastomeric membranes
                    5.5.2.1 Acrylic
                    5.5.2.2 Polyurethane
           5.5.3 Cementitious membranes
    5.6 Value Chain Analysis
           FIGURE 16 Value chain analysis
    5.7 Adjacent/Related Markets
           5.7.1 Introduction
           5.7.2 Limitations
           5.7.3 Market ecosystem and interconnected markets
           5.7.4 Roofing market
                    5.7.4.1 Market definition
                    5.7.4.2 Market overview
           5.7.5 Roofing market, by type
                    TABLE 1 Roofing market size, by type, 2014–2026 (USD Billion)
                    5.7.5.1 Materials
                    5.7.5.2 Chemicals
           5.7.6 Roofing market, by application
                    TABLE 2 Roofing market size, by application, 2014–2026 (USD Billion)
                    5.7.6.1 Residential
                    5.7.6.2 Commercial
                    5.7.6.3 Non-residential
                    5.7.6.4 Other applications
           5.7.7 Roofing market, by region
                    TABLE 3 Roofing market size, by region, 2014–2026 (USD Billion)
                    5.7.7.1 North America
                    5.7.7.2 Europe
                    5.7.7.3 APAC
                    5.7.7.4 South America
                    5.7.7.5 Middle East & Africa
    5.8 Macroeconomic Indicators
           5.8.1 Global GDP trends and construction industry statistics
                    TABLE 4 Projected GDP percentage change of key countries, 2018–2021
                    TABLE 5 Industry (including construction) value-added statistics, by country, 2018, (USD Million)

6 LIQUID APPLIED MEMBRANES MARKET, BY TYPE (Page No. - 58)
    6.1 Introduction
           FIGURE 17 Elastomeric membranes segment to witness the highest growth during the forecast period
           TABLE 6 LAMs market size, by type, 2018–2025 (USD Million)
           TABLE 7 LAMs market size, by type, 2018–2025 (Million Square Meters)
    6.2 Elastomeric Membranes
           6.2.1 Elastomeric membranes to account for the largest share of the market
                    6.2.1.1 Acrylic membranes
                    6.2.1.2 Polyurethane membranes
                    6.2.1.3 PMMA membranes
    6.3 Bituminous Membranes
           6.3.1 Low cost and easy availability to boost their demand
    6.4 Cementitious Membranes
           6.4.1 Demand for these membranes is expected to remain stagnant due to their low quality

7 LIQUID APPLIED MEMBRANES MARKET, BY APPLICATION (Page No. - 62)
    7.1 Introduction
    7.2 Roofing
           7.2.1 Benefits provided by green roofing provide huge untapped opportunities for market growth
    7.3 Walls
           7.3.1 Improved energy efficiency to drive growth in this market segment
    7.4 Building Structures
           7.4.1 Need for below-ground structure protection to propel market growth
    7.5 Roadways
           7.5.1 Increasing infrastructural activities to drive market growth
    7.6 Other Applications

8 LIQUID APPLIED MEMBRANES MARKET, BY END-USE INDUSTRY (Page No. - 64)
    8.1 Introduction
           FIGURE 18 Residential construction to be the largest end-use industry for LAMs
           TABLE 8 LAMs market size, by end-use industry, 2018–2025 (USD Million)
           TABLE 9 LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
    8.2 Residential Construction
           8.2.1 Residential construction holds the largest market share
                    TABLE 10 LAMs market size in residential construction, by region, 2018–2025 (USD Million)
                    TABLE 11 LAMs market size in residential construction, by region, 2018–2025 (Million Square Meters)
    8.3 Commercial Construction
           8.3.1 Increasing demand for commercial infrastructure will boost the market growth
                    TABLE 12 LAMs market size in commercial construction, by region, 2018–2025 (USD Million)
                    TABLE 13 LAMs market size in commercial construction, by region, 2018–2025 (Million Square Meters)
    8.4 Public Infrastructure
           8.4.1 Increasing population, urbanization, and industrialization are driving the growth of the public infrastructure sector
                    TABLE 14 LAMs market size in public infrastructure, by region, 2018–2025 (USD Million)
                    TABLE 15 LAMs market size in public infrastructure, by region, 2018–2025 (Million Square Meters)

9 LIQUID APPLIED MEMBRANES MARKET, BY REGION (Page No. - 69)
    9.1 Introduction
           FIGURE 19 APAC to be the largest and fastest-growing LAMs market
           TABLE 16 LAMs market size, by region, 2018–2025 (USD Million)
           TABLE 17 LAMs market size, by region, 2018–2025 (Million Square Meters)
    9.2 APAC
           FIGURE 20 APAC: LAMs market snapshot
           TABLE 18 APAC: LAMs market size, by country, 2018–2025 (USD Million)
           TABLE 19 APAC: LAMs market size, by country, 2018–2025 (Million Square Meters)
           TABLE 20 APAC: LAMs market size, by type, 2018–2025 (USD Million)
           TABLE 21 APAC: LAMs market size, by type, 2018–2025 (Million Square Meters)
           TABLE 22 APAC: LAMs market size, by end-use industry, 2018–2025 (USD Million)
           TABLE 23 APAC: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.1 China
                    9.2.1.1 Rapid development of prefabricated buildings in the country is influencing the LAMs market
                               TABLE 24 China: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 25 China: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.2 India
                    9.2.2.1 Infrastructure development in the country is driving the growth of the LAMs market
                               TABLE 26 India: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 27 India: LAMs market size, by end-use industry, –2025 (Million Square Meters)
           9.2.3 Japan
                    9.2.3.1 Redevelopment activities in the country will boost the market
                               TABLE 28 Japan: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 29 Japan: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.4 Australia
                    9.2.4.1 Rise in construction projects to drive the LAMs market
                               TABLE 30 Australia: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 31 Australia: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.5 Indonesia
                    9.2.5.1 Government initiatives for the development of the construction industry will drive the LAMs market
                               TABLE 32 Indonesia: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 33 Indonesia: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.6 South Korea
                    9.2.6.1 Government investments will boost the market growth in South Korea
                               TABLE 34 South Korea: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 35 South Korea: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.7 Thailand
                    9.2.7.1 Growth of the country’s construction industry to support market growth
                               TABLE 36 Thailand: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 37 Thailand: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.2.8 Rest of APAC
                    TABLE 38 Rest of APAC: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                    TABLE 39 Rest of APAC: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
    9.3 Europe
           FIGURE 21 Europe: LAMs market snapshot
           TABLE 40 Europe: LAMs market size, by country, 2018–2025 (USD Million)
           TABLE 41 Europe: LAMs market size, by country, 2018–2025 (Million Square Meters)
           TABLE 42 Europe: LAMs market size, by type, 2018–2025 (USD Million)
           TABLE 43 Europe: LAMs market size, by type, 2018–2025 (Million Square Meters)
           TABLE 44 Europe: LAMs market size, by end-use industry, 2018–2025 (USD Million)
           TABLE 45 Europe: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.1 Germany
                    9.3.1.1 Infrastructure developments in the country will drive the LAMs market
                               TABLE 46 Germany: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 47 Germany: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.2 France
                    9.3.2.1 Government focus on construction projects to drive the market
                               TABLE 48 France: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 49 France: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.3 UK
                    9.3.3.1 Government spending on construction and infrastructural activities will drive the LAMs market
                               TABLE 50 UK: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 51 UK: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.4 Italy
                    9.3.4.1 Wastewater treatment and road linking projects will lead to the growth of the Italian market
                               TABLE 52 Italy: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 53 Italy: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.5 Spain
                    9.3.5.1 Recovery of infrastructural projects is expected to boost the growth of the LAMs market
                               TABLE 54 Spain: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 55 Spain: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.6 Russia
                    9.3.6.1 Government policies to support the construction industry and drive demand for LAMs in Russia
                               TABLE 56 Russia: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 57 Russia: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.3.7 Rest of Europe
                    TABLE 58 Rest of Europe: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                    TABLE 59 Rest of Europe: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
    9.4 North America
           FIGURE 22 North America: LAMs market snapshot
           TABLE 60 North America: LAMs market size, by country, 2018–2025 (USD Million)
           TABLE 61 North America: LAMs market size, by country, 2018–2025 (Million Square Meters)
           TABLE 62 North America: LAMs market size, by type, 2018–2025 (USD Million)
           TABLE 63 North America: LAMs market size, by type, 2018–2025 (Million Square Meters)
           TABLE 64 North America: LAMs market size, by end-use industry, 2018–2025 (USD Million)
           TABLE 65 North America: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.4.1 US
                    9.4.1.1 The US is a hub of technology and advanced infrastructure
                               TABLE 66 US: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 67 US: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.4.2 Canada
                    9.4.2.1 Government initiatives for the construction sector will boost product demand
                               TABLE 68 Canada: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 69 Canada: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.4.3 Mexico
                    9.4.3.1 Increased foreign investments to boost the LAMs market
                               TABLE 70 Mexico: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 71 Mexico: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
    9.5 Middle East & Africa
           TABLE 72 Middle East & Africa: LAMs market size, by country, 2018–2025 (USD Million)
           TABLE 73 Middle East & Africa: LAMs market size, by country, 2018–2025 (Million Square Meters)
           TABLE 74 Middle East & Africa: LAMs market size, by type, 2018–2025 (USD Million)
           TABLE 75 Middle East & Africa: LAMs market size, by type, 2018–2025 (Million Square Meters)
           TABLE 76 Middle East & Africa: LAMs market size, by end-use industry, 2018–2025 (USD Million)
           TABLE 77 Middle East & Africa: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.5.1 Saudi Arabia
                    9.5.1.1 Increasing construction activity will boost the growth of the market
                               TABLE 78 Saudi Arabia: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 79 Saudi Arabia: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.5.2 UAE
                    9.5.2.1 Growth of renewable energy is expected to spur the demand for LAMs
                               TABLE 80 UAE: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 81 UAE: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.5.3 Rest of Middle East & Africa
                    TABLE 82 Rest of Middle East & Africa: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                    TABLE 83 Rest of Middle East & Africa: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
    9.6 South America
           TABLE 84 South America: LAMs market size, by country, 2018–2025 (USD Million)
           TABLE 85 South America: LAMs market size, by country, 2018–2025 (Million Square Meters)
           TABLE 86 South America: LAMs market size, by type, 2018–2025 (USD Million)
           TABLE 87 South America: LAMs market size, by type, 2018–2025 (Million Square Meters)
           TABLE 88 South America: LAMs market size, by end-use industry, 2018–2025 (USD Million)
           TABLE 89 South America: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.6.1 Brazil
                    9.6.1.1 Government initiatives to support the construction sector is expected to spur the demand for LAMs
                               TABLE 90 Brazil: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 91 Brazil: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.6.2 Argentina
                    9.6.2.1 Recovery of Argentina’s economy to favor the growth of the LAMs market
                               TABLE 92 Argentina: LAMs market size, by end-use industry, 2018–2025 (USD Million)
                               TABLE 93 Argentina: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)
           9.6.3 Rest of South America
                    TABLE 94 Rest of South America: LAMs market size, by end-use industry,  2018–2025 (USD Million)
                    TABLE 95 Rest of South America: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters)

10 COMPETITIVE LANDSCAPE (Page No. - 105)
     10.1 Overview
               FIGURE 23 Companies adopted mergers & acquisition as key growth strategies during 2017–2020
     10.2 Market Evaluation Framework
     10.3 Market Share, 2019
               FIGURE 24 Top five companies account for the dominant market share, with Sika being the largest player in 2019
     10.4 Market Ranking
               FIGURE 25 Market ranking of key players
     10.5 Key Market Developments
             10.5.1 Mergers & acquisitions
                       TABLE 96 Mergers & acquisitions, 2017–2020
             10.5.2 Investments & expansions
                       TABLE 97 Investments & expansions, 2017–2020

11 COMPANY EVALUATION MATRIX AND COMPANY PROFILES (Page No. - 110)
     11.1 Company Evaluation Matrix Definitions and Methodology
             11.1.1 Stars
             11.1.2 Emerging leaders
             11.1.3 Pervasive
             11.1.4 Participants
                       FIGURE 26 Liquid applied membranes market: Company evaluation matrix, 2019
             11.1.5 Product portfolio analysis
                       FIGURE 27 Product portfolio analysis of the top players in the liquid applied membranes market
             11.1.6 Business strategy excellence
                       FIGURE 28 Business strategy excellence of the top players in the liquid applied membranes market
     11.2 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View(Key strength/Right to win, Strategic choices made, Weaknesses and competitive threats))*
             11.2.1 Sika AG
                       FIGURE 29 Sika AG: Company snapshot (2019)
             11.2.2 GCP Applied Technologies
                       FIGURE 30 GCP Applied Technologies: Company snapshot (2019)
             11.2.3 Carlisle Companies
                       FIGURE 31 Carlisle Companies: Company snapshot (2019)
             11.2.4 Soprema Group
             11.2.5 MAPEI
                       FIGURE 32 MAPEI: Company snapshot (2019)
             11.2.6 BASF
                       FIGURE 33 BASF SE: Company snapshot (2019)
             11.2.7 Fosroc
             11.2.8 Johns Manville
             11.2.9 RENOLIT
             11.2.10 Tremco
     11.3 SME Profiles
             11.3.1 ALCHIMICA Building Chemicals
             11.3.2 CHRYSO
             11.3.3 Copernit
             11.3.4 Elmich
             11.3.5 Firestone Building Products Company
             11.3.6 GAF
             11.3.7 Henkel Polybit
             11.3.8 Henry Company
             11.3.9 IKO
             11.3.10 ISOMAT
             11.3.11 Kemper System
             11.3.12 Paul Bauder
             11.3.13 Pidilite Industries
             11.3.14 Saint-Gobain Weber
             11.3.15 Siplast

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View (Key strength/Right to win, Strategic choices made, Weaknesses and competitive threats) might not be captured in case of unlisted companies.

12 APPENDIX (Page No. - 134)
     12.1 Discussion Guide
     12.2 Knowledge Store: MarketsandMarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details

The study involved four major activities in estimating the current market size of liquid applied membranes (LAMs). Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and sub-segments. 

Secondary Research 

In the secondary research process, various secondary sources such as Hoovers, Bloomberg Business Week, Factiva, World Bank, and Industry Journals have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, and databases. 

Primary Research 

The LAMs market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of residential construction, commercial construction, and public infrastructure activities. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following the breakdown of primary respondents – 

Liquid Applied Membranes Market Size

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

Market Size Estimation 

Both top-down and bottom-up approaches were used to estimate and validate the total size of the LAMs market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following: 

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. 

Data Triangulation 

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and sub-segments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides of LAMs.

Report Objectives 

  • To define, describe, and forecast the LAMs market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To analyze and forecast the market size by type and end-use industry
  • To forecast the market size with respect to five regions, namely, Asia Pacific (APAC), Europe, North America, South America, and the Middle East and Africa, along with their key countries
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, COVID-19 impact, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
  • To analyze competitive developments in the market, such as acquisitions, investments, and expansions
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies2

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report: 

Product Analysis 

  • Product matrix, which gives a detailed comparison of the product portfolio of each company 

Regional Analysis 

  • Further breakdown of the Rest of the APAC LAMs market. 

Company Information 

  • Detailed analysis and profiling of additional market players (up to five)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Liquid Applied Membranes Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Liquid Applied Membranes Market

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Oct, 2020
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