Global Elastomeric Membrane Market Insights Forecasts to 2033.

• The Global Elastomeric Membrane Market Size was Valued at USD 44.83 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.8% from 2023 to 2033.
• The Worldwide Elastomeric Membrane Market Size is Expected to Reach USD 86.57 Billion by 2033.
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Elastomeric Membrane Market Size is Anticipated to Exceed USD 86.57 Billion by 2033, Growing at a CAGR of 6.8% from 2023 to 2033.

Market Overview

Elastomeric membranes are waterproofing membranes used to defend the roofs of homes and buildings. They are classically made up of thermoplastic elastomeric polymers, modified bitumen compounds, and a spun-bound nonwoven polyester carrier reinforced with glass fibers. Elastomeric membranes are existing in two types: traditional and self-adhesive. Furthermore, elastomeric membranes are extensively used in a variety of applications, particularly those related to engineering and construction. Elastomers, synthetic polymers with rubber-like properties, are usually used in their construction. When exposed to exterior forces, elastomers' remarkable elasticity allows them to stretch before snapping back into place. Elastomeric membranes are designed to deliver functional and defensive properties such as weather resistance, durability, and waterproofing. Coatings or layers are frequently used to create a barrier against moisture, air, and other external elements. In addition, the global elastomeric membranes market is expected to be driven by the increasing adoption of elastomeric membranes in the construction and building sector, as well as the construction industry's robust growth. Additionally, nations like China and Indonesia are investing more in the commercial building industry, which contributes to the market expansion for elastomeric membranes. The market for elastomeric membranes will expand as a result of developing nations' increased urbanization, commercialization, and investment in developed infrastructure.

Report Coverage

This research report categorizes the market for the global elastomeric membrane market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global elastomeric membrane market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global elastomeric membrane market.

Driving Factors

The increasing demand for renovation of older residential infrastructure, as well as growing residential construction due to increased modernization, population, and family size, are expected to drive the growth rate of the elastomeric membrane market. Moreover, the adoption of liquid-applied membranes has increased due to their fully bonded, monolithic, liquid-based coating properties, which are suitable for waterproofing applications. The liquid-applied membrane coating protects the surface by forming a rubber-like elastomeric membrane, which allows it to be applied over a variety of substrates, including bitumen, asphalt, and concrete. The growing adoption of liquid-applied membranes is expected to increase demand for elastomeric membranes in the market. Furthermore, elastomeric membrane roofs are commonly used in the construction industry due to their durability and moisture resistance. They also have an attractive finish that gives the roof a polished, sparkling appearance. White elastomeric roof membranes are gaining popularity. This membrane is now mandatory in certain regions, cities, and regions. The rising demand for elastomeric membrane roofs is expected to propel the global elastomeric membrane market forward.

Restraining Factors

A variety of difficulties are inhibiting the market growth of elastomeric membranes. Among these are variations in the cost of raw materials, which have an impact on production costs. Manufacturers might incur higher compliance expenses as a result of tight construction standards and regulations.

Market Segmentation

The Global Elastomeric Membrane Market share is classified into type, application, and end-user.

• The sheet segment is expected to hold the largest share of the global elastomeric membrane market during the forecast period.   

Based on the type, the global elastomeric membrane market is divided into sheet, liquid applied, and others. Among these, the sheet segment is expected to hold the largest share of the global elastomeric membrane market during the forecast period. Sheet membranes like TPO and EPDM are commonly utilized to improve building energy efficiency. The high demand for green roofing in green buildings is likely to drive the use of sheet membranes.

• The roofs & walls segment is expected to grow at the fastest pace in the global elastomeric membrane market during the forecast period.    

Based on the application, the global elastomeric membrane market is divided into roofs & walls, underground construction, wet areas, and others. Among these, the roofs & walls segment is expected to grow at the fastest pace in the global elastomeric membrane market during the forecast period. Elastomeric membranes are widely used for roofs and walls due to their exceptional waterproofing and durability. These membranes create a smooth, adjustable barrier that effectively resists moisture ingress, preventing water damage and mold formation.

• The non-residential segment is expected to grow at the greatest pace in the global elastomeric membrane market during the forecast period.

Based on the end-user, the global elastomeric membrane market is divided into non-residential, and residential construction. Among these, the non-residential segment is expected to grow at the greatest pace in the global elastomeric membrane market during the forecast period. The market is expanding as more commercial buildings are constructed, including shopping malls, multiplexes, exhibition rooms, institutional buildings, offices, and industrial buildings. Industrial construction projects are also increasing as manufacturing activity grows and retail construction expands to suit consumer demands.

Regional Segment Analysis of the Global Elastomeric Membrane Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global elastomeric membrane market over the predicted timeframe.

North America is anticipated to hold the largest share of the global elastomeric membrane market over the predicted timeframe. The US government's pollution control regulations will have a significant impact on how the region grows in the future, especially given how quickly the non-residential sector is developing in both the US and Canada and how much organizational practice needs to change. The framework provided by these government regulations is essential for guaranteeing environmental sustainability and ethical industrial

Asia Pacific is expected to grow at the fastest pace in the global elastomeric membrane market during the forecast period. It is anticipated that this pattern will hold true while the Asia-Pacific region's building sector keeps growing quickly. The need for elastomeric membranes is also being driven by the increased emphasis on sustainable building methods and the growing understanding of the value of waterproofing solutions in nations like China, India, and Japan. The region's rising need for waterproof membranes is partly due to the Chinese government's measures to improve public infrastructure and encourage energy efficiency. As a result, the Asia-Pacific area which includes China, the largest construction market in the world has emerged as the elastomeric membrane market with the quickest rate of growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global elastomeric membrane along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Soprema Group
• Standard Industries Inc.
• Johns Manville
• Kemper System
• Carlisle Companies Inc.
• Firestone Building Products Company
• Copernit S.P.A.
• GCP Applied Technologies Inc.
• BASF SE
• Paul Bauder GmbH & Co. Kg
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, Carlisle Companies Incorporated, a leading supplier of innovative building products and solutions, announced that it had signed a formal agreement to sell Carlisle Interconnect Technologies ("CIT") to Amphenol Corporation for USD 2.025 billion. The transaction, which follows Carlisle's previously announced process to sell CIT, is subject to various closing adjustments and circumstances, including regulatory clearances, and is scheduled to be completed by the end of the second quarter of 2024.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Elastomeric Membrane Market based on the below-mentioned segments: 

Global Elastomeric Membrane Market, By Type

• Sheet
• Liquid Applied
• Others

Global Elastomeric Membrane Market, By Application

• Roofs & Walls
• Underground Construction
• Wet Areas
• Others

Global Elastomeric Membrane Market, By End-User

• Non-residential
• Residential Construction

Global Elastomeric Membrane Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa