Modified Bitumen Membrane Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.0 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The global Modified Bitumen Membrane market was valued at approximately USD 6.5 billion in 2022 and is projected to reach around USD 8.8 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period. This growth is driven by increasing infrastructure development, urbanization, and the rising demand for durable and weather-resistant roofing solutions. The market's expansion is further supported by advancements in membrane technology and the growing emphasis on energy-efficient building materials. The application of modified bitumen membranes in both residential and commercial roofing systems is expected to continue driving market growth due to their superior performance characteristics and cost-effectiveness.
Emerging market opportunities are significant in regions such as Asia-Pacific and Latin America, where rapid urbanization and infrastructural development are on the rise. Additionally, increased investments in green building technologies and sustainable construction practices are expected to boost the demand for modified bitumen membranes. Market participants are likely to focus on developing innovative and eco-friendly membrane solutions to capitalize on these opportunities. Furthermore, the expansion of the construction industry and rising consumer preference for long-lasting roofing solutions are anticipated to further propel the market forward. As such, the modified bitumen membrane market presents a promising landscape for growth and investment in the coming years.
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Soprema Group
Oriental Yuhong
GAF
Sika
Hongyuan Waterproof
TehnoNICOL
CKS
Yuanda Hongyu
ARDEX Group
Tamko
Henkel Polybit
Polyglass
Imperbit Membrane
Fosroc
EDIL Roofing Products
IKO Industries
SKSHU
General Membrane
ChovA
Vetroasfalto
Bauder
Protecto Wrap
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Modified Bitumen Membrane Market
Roofing
Walls
Basement
Tunnels
Roads
Others
Based on Types the Market is categorized into Below types that held the largest Modified Bitumen Membrane market share In 2023.
SBS Type
APP Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Modified Bitumen Membrane Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Modified Bitumen Membrane Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Modified Bitumen Membrane Market, By Type
6. Global Modified Bitumen Membrane Market, By Application
7. Global Modified Bitumen Membrane Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Modified Bitumen Membrane Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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