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Liquid Applied Membranes Market Size Worth USD 29.76 Billion by 2028 | Trends – increasing demand for green roofs and buildings

By Biswas Debanjan·Published February 4, 2022·Updated February 7, 2022·Business news

Liquid Applied Membranes Market
Liquid Applied Membranes Market

The global liquid applied membranes market size is expected to reach USD 29.76 Billion in 2028 and register a revenue CAGR of 6.0% during the forecast period, according to a latest report by Reports and Data. Market revenue growth is primarily driven by rising awareness of the benefits of liquid applied membrane. Growing awareness regarding benefits of using liquid applied membranes is resulting in increasing application of the product in roofing, building structures, walls, and roadways. These membranes offer long-term solution for existing roofs and can be easily applied directly over existing and damaged surfaces. Liquid applied membranes do not require high maintenance and provide longer service life, which in turn, is boosting adoption of roof restoration and driving revenue growth of the market.

Advantages offered by liquid applied membranes include excellent adhesion, superior elongation and recovery, and safe applications. These have high capacity to stretch and recover, and can provide excellent adhesion to wood, metal, plastic, concrete, and green concrete. Liquid applied membranes provide strong adhesion to existing construction materials such as modified bitumen, thermosets & thermoplastic membranes, and Built-up Roofing (BUR). Materials utilized in the production of liquid applied membrane are safe to apply and possess no health risks to workers, which is further boosting its demand. Increasing demand for eco-friendly construction materials, implementation of stringent regulations by the Environmental Protection Agency (EPA), and rising environmental concerns are also expected to drive market revenue growth in the forecast period. Liquid applied membranes are sustainable and eco-friendly as these can comply with EPA regulations and do not possess Volatile Organic Compounds (VOCs).

Rising popularity of green buildings and green roofs in many countries of Europe and North America is expected to boost market growth during the forecast period. Liquid applied membranes are increasingly utilized in green buildings and green roofs as these offer easy application, full certifications, and guaranteed long lasting results. Availability of advanced spray equipment is projected to support demand for liquid applied membranes. In the construction industry, unavailability of skilled labor is also set to propel demand for advanced spray equipment as it eliminates the requirement of a large number of laborers. Besides, spray equipment has significant portability and lightweight features, which, in turn, is contributing to increasing utilization. These can be easily transported to construction sites without covered trailers and heavy trucks. These also do not need to be positioned on roof areas.

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For the purpose of this report, Reports and Data has segmented the global liquid applied membranes market based on product, application, end-use, and region:

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