Bitumen Membranes Market to reach $3.5bn by 2025 Bitumen Membranes Market

Global Bitumen Membranes Market to grow at 5%
CAGR till 2025: Global Market Insights Inc.
Global Market Insights, Inc. says Bitumen Membrane Market to surpass USD 3.5
billion by 2025; driven by increasing construction activities in Asia Pacific and North
America. Development of global construction sector will be the chief driver for the
bitumen membrane market growth. U.S. is one of the largest investors in
construction sector. The construction spending of the country was around USD 1.3
trillion, which witnessed nearly 6.5% annual growth from 2014 to 2018. Both
residential and non-residential construction sectors in the U.S. have witnessed
annual growth rate of around 10% and 4.5% respectively. It can be ascribed to
ongoing infrastructure development, high-value construction projects, increasing
residential construction activities, etc.
Bitumen membrane is widely used in construction sector for rust proofing and
waterproofing applications, which protects the structural elements from the damage
caused by water intrusion. Further development in the global construction sector will
prosper the market demand throughout the forecast timespan.
Bitumen Membranes Market
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