Bitumen Membranes Market to reach $3.5bn by 2025 Bitumen Membranes Market | Page 2

Escalating growth in global automotive production will also drive the bitumen
membrane market demand during the forecast period. Global automotive production
has increased by over 5% between 2015 and 2018. During the same period, China,
the largest automotive manufacturer in the world, has witnessed a growth of more
than 10%, whereas Indian automotive sales increased by close to a million units
from 2014 to 2018. Bitumen membranes are extensively used as cap sheets for
coating purposes. Improvement in disposable income of middle-class populace,
rising demand for passenger vehicles coupled with investments and government
support will prosper automotive industry growth, which in turn, will prosper the
bituminous membranes demand.
However, volatility associated with the crude oil industry might induce variation in
pricing of bituminous membranes, which can hinder the bitumen membrane market
revenue throughout the forecast timespan.
SBS grade will have growth rate around 5.5% during the forecast timespan. It can be
attributed to increasing demand for SBS bitumen membrane in the construction
sector. This product variant possesses exceptional elongation characteristics,
excellent dimensional stability and superior strength. APP bitumen membrane
market will have majority of share throughout the forecast timespan.
Sheets product category will have the leading bitumen membrane market share
throughout the forecast timespan. Bitumen sheets have high strength composite
reinforcement and are proven adhesives. They have excellent resistance against
splitting & thermal shock, superior fire resistance, exceptional toughness, and
strength and provides enhanced durability.
U.S. Bitumen Membranes Market Size, By Application, 2014 – 2025 (USD Billion)
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