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Single-ply Membranes Market Size (2024 - 2029)

The single-ply membrane market is anticipated to experience significant growth, driven by increased construction activities and a rising demand for lightweight roofing materials. The market's expansion is particularly notable in the Asia-Pacific region, where construction investments are surging. Despite challenges such as fluctuating raw material prices, opportunities for growth remain, especially with the increasing adoption of these membranes in emerging economies. North America holds the largest market share, with substantial consumption in the United States and Canada.

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Market Size of Single-ply Membranes Industry

Single-ply Membranes Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 9.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Single-ply Membranes Market Major Players

*Disclaimer: Major Players sorted in no particular order

Single Ply Membrane Market Analysis

The market for single-ply membranes is expected to register a CAGR of over 9 % during the forecast period.

  • The COVID-19 pandemic impacted the overall single-ply membranes market in 2020. However, the upsurge in construction activities in the Asia-Pacific region propelled the demand for single-ply membranes.
  • Major factors driving the market are the growing demand for lighter and faster construction roofing materials in Europe, rising private construction expenditure in the North American region, and increasing investments in the construction sector in emerging economies of Asia-pacific. Fluctuating prices of raw materials are expected to hinder the market's growth.
  • Increasing usage in the Asia-Pacific region is likely to act as an opportunity in the future. North America is the largest market for single-ply membranes, with the largest consumption from countries such as the United States and Canada.

Single Ply Membrane Industry Segmentation

Single-ply membranes are synthetic sheets made of rubber and other materials that can be ballasted or chemically bonded to insulation to create a layer of security for a building.

The market is segmented into type, application, and geography. By type, the market is segmented into ethylene propylene diene monomer, thermoplastic polyolefin, polyvinyl chloride, modified bitumen, and other types. By application, the market is segmented into residential, commercial, institutional, and infrastructural. The report also covers the market size and forecasts for the single-ply membranes market in 15 countries across major regions.

The market sizing and forecasts for each segment have been done based on revenue (USD million).

Type
Ethylene Propylene Diene Monomer (EPDM)
Thermoplastic Polyolefin (TPO)
Poly Vinyl Chloride (PVC)
Modified Bitumen
Other Types
Application
Residential
Commercial
Institutional
Infrastructural
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Single-ply Membranes Market Size Summary

The single-ply membrane market is poised for significant growth, driven by increasing demand for efficient and lightweight roofing solutions, particularly in Europe and North America. The market's expansion is supported by rising private construction expenditures and investments in emerging economies within the Asia-Pacific region. Despite challenges such as fluctuating raw material prices, the market is expected to benefit from the growing construction activities in these regions. North America currently leads the market, with the United States and Canada being the largest consumers. The popularity of thermoplastic polyolefin (TPO) membranes, known for their durability and energy efficiency, is contributing to the market's growth, especially in residential construction.

The construction sector's recovery and growth, particularly in the United States, is a major factor propelling the demand for single-ply membranes. The sector's contribution to the economy, coupled with the increasing number of residential and commercial projects, underscores the market's potential. The global market remains fragmented, with key players like Dow, Duro-Last Inc., and GAF leading the charge. Recent strategic moves, such as Holcim's acquisition of Duro-Last and GAF's expansion plans, highlight the competitive landscape and the ongoing efforts to enhance manufacturing capabilities. These developments are expected to further stimulate market growth during the forecast period.

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Single-ply Membranes Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Lighter and Faster Construction Roofing Materials in Europe Region

      2. 1.1.2 Rising Private Construction Expenditure in the North America Region

      3. 1.1.3 Increasing Investments in Construction Sector in Emerging Economies of Asia-Pacific

    2. 1.2 Restraints

      1. 1.2.1 Fluctuating Prices of Raw Materials

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Ethylene Propylene Diene Monomer (EPDM)

      2. 2.1.2 Thermoplastic Polyolefin (TPO)

      3. 2.1.3 Poly Vinyl Chloride (PVC)

      4. 2.1.4 Modified Bitumen

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Institutional

      4. 2.2.4 Infrastructural

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Single-ply Membranes Market Size FAQs

The Single-ply Membranes Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)

Dow, Duro-Last Inc., GAF, Firestone Building Products Company LLC and BMI Group (Icopal) are the major companies operating in the Single-ply Membranes Market.

Single Ply Membrane Market Report Snapshots

Single Ply Membrane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)