Self-adhesive Membrane Market: Introduction
- Self-adhesive membranes are employed in the building and construction industry. Self-adhesive membranes are waterproof and can be applied on various parts of a building. These membranes are versatile and ready-to-use by simple removal of the silicone film. Waterproofing self-adhesive membranes can be cold applied, without using flames or heat sources.
- Self-adhesive membranes are resistant to chemical agents, tear, and perforation. These membranes are bitumen-based reinforced with HDPE (High-density polyethylene) for tanking applications. Self-adhesive membrane is a revolutionary concept of manufacturing dual compound self-adhesive membranes using waterproofing formulation on the side exposed to weather conditions and a self-adhesive formulation on the other side of the reinforcement.
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Key Drivers of Self-adhesive Membrane Market
- Self-adhesive membrane offers various benefits such as energy efficiency, cost-effectiveness, high durability, and heat resistance. These benefits are driving their demand in applications such as roofing and building structures. Expansion of the construction industry in China and other emerging countries is driving the self-adhesive membrane market.
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- Rise in implementation of regulatory restrictions on VOCs and increase in cost of labor to install traditional roofing systems is expected to create lucrative opportunities for the self-adhesive membrane market during the forecast period
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Restraints of Self-adhesive Membrane Market
- Dearth of universal directives pertaining to applications of self-adhesive membranes is expected to restrain the market during forecast period. Every country has different directives pertaining to applications of self-adhesive membrane. Companies find it difficult to deal with these country-wise regulations, which in turn discouraging the investment in the self-adhesive membrane market, thereby restraining the market during forecast period.
- High cost of production and distribution is another major restraint of the self-adhesive membrane market
COVID-19 impact on Self-adhesive Membrane Market
- The COVID-19 outbreak is hampering the demand for dry construction in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the disease. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has led to a decline in in demand for dry construction across the globe.
- Key players operating in the self-adhesive membrane market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of these membranes.
Asia Pacific to Hold Major Share of Self-adhesive Membrane Market
- In terms of geography, the global self-adhesive membrane market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
- The self-adhesive membrane market in Asia Pacific is expanding at a rapid pace due to the growth of the building & construction industry in the region. Manufacturing companies and end-product manufacturers are investing significantly in advancements in technology in order to meet the rising demand for these membranes among end-user industries.
- Demand for self-adhesive membranes is increasing in North America and Europe due to rise in governmental investments in infrastructure development in these regions
Self-adhesive Membrane Market: Key Players
Major players operating in the self-adhesive membrane market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. Key players operating market include:
- Eagle Insulations Limited
- Isoltema Spa
- Polyglass Spa
- Carlisle Companies Inc.