According to Stratistics MRC, the “Global Liquid Applied Membrane Market” is accounted for $16.90 billion in 2017 and is expected to reach $34.06 billion by 2026 growing at a CAGR of 8.1% during the forecast period.
Liquid Applied Membrane (LAM) is a low consistency waterproofing membrane that is applied as a liquid coating to level and vertical surfaces. It is also considered as a next-generation waterproofing chemical and its monolithic, fully-bonded, liquid-based coating suitable for many waterproofing and roofing applications is causing its demand to rise in the global construction industry. The custom of bad quality construction material in the past, followed by the deprived upholding of the building structure is creating a strong market for repair and rehabilitation, which can be resolved by liquid applied membranes. About 40-45% of the demand for liquid applied membrane comes from repair and renovation projects.
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The market is expected to gain opportunities from the use of these membranes for roofing purposes over the forecast period. The vast rise in demand for new building construction projects to accommodate the rising population across urban settings in emerging economies will be the key to the increased uptake of liquid applied membranes in roofing applications. These factors will also lead to a steady rise in demand for these membranes in the construction of other building structures such as walls and doors. In addition to this, governments of various developed and developing countries have comprehended the dual need for infrastructure development coupled with durability and sustainability. This is catalyzing the demand for green buildings, consequently generating a strong market opportunity for liquid applied membranes.
Based on the application, roofing is expected to grow at a significant rate during the forecast period, owing to the rising urban population and increased demand for residential construction. The liquid applied membranes in roofing offer complete water-tightness with long life expectancy and minimal maintenance. These membranes are applied in roofing by conventional methods, like brush, roller, or single component airless spray, with a single coat yielding around 450-500 microns per coat, with a re-coat window of four hours. It has excellent crack-bridging abilities to tackle the structural movements in the concrete. They also possess puncture resistance quality to build landscaping, gardens, and ballast or pavers over them, without undermining the integrity of the waterproofed layer.
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By geography, North America is anticipated to have a lucrative growth during the forecast period. The US is the largest market for liquid applied membranes in North America, due to an increase in the number of housing projects, growing underground water construction requirements and rising infrastructural developments. Recently, the US Environmental Protection Agency (EPA) decided to allocate the Water Infrastructure Finance and Innovation Act (WIFIA) loans for water infrastructure projects. Furthermore, the country has more than 100 million square feet of space, still under construction for office requirements. Therefore, considering the aforementioned factors, the market is expected to witness significant growth in the country, during the forecast period.
Some of the key players in the market are BASF, Saint-Gobain, Sika AG, The Dow Chemical Company, Carlisle Companies, Johns Manville, IKO Industries, Ltd., Henry Company, SOPREMA Group, Kemper System America, Paul Bauder GmbH & Co. Kg, Fosroc, and GCP Applied Technologies.
Saint-Gobain – Jul, 2018 - Saint-Gobain has signed an agreement to purchase the North American ceilings business of Hunter Douglas, a leading manufacturer of architectural ceilings with two production sites in Norcross, Georgia and Denver, Colorado. This acquisition will allow Saint-Gobain to acquire a complete range of innovative aluminum, steel, felt and fiberglass ceiling systems for commercial projects of all types. It is in line with Saint-Gobain’s strategy to consolidate its leadership positions and to develop adjacent niches. It will significantly increase the Group’s presence in the high-growth architectural specialties market.
Carlisle Companies – Apr, 2018 - Carlisle SynTec Systems has introduced LIQUISEAL Liquid Flashing. This two-component, polyurethane-based system creates a reinforced, cold-applied liquid flashing that is compatible with all Carlisle EPDM, TPO, PVC, and KEE HP membranes and is ideal for flashing oddly shaped penetrations and tying together dissimilar roofing systems without building a knee wall or impeding drainage. LIQUISEAL Liquid Flashing is UV- and color-stable, solvent-free, low-VOC, and virtually odorless. Unlike PMMA-based products, LIQUISEAL Liquid Flashing is pre-measured and easy to use.
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