Among end-use industries, the Commercial construction expected to lead the elastomeric membrane market

The elastomeric membrane market is projected to reach USD 41.10 Billion by 2022, at a CAGR of 6.7%. The elastomeric membrane market is expected to be driven by increasing residential and non-residential construction projects that are resulting in the growth of the construction industry. Moreover, regulations for energy optimization are increasing in order to address environmental concerns. Since elastomeric membranes such as TPO and EPDM contribute to energy savings, these regulations are expected to drive the elastomeric membrane market.

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On the basis of end-use industry, the elastomeric membrane market has been classified into residential construction and non-residential construction. The non-residential construction segment is both, the largest and the fastest-growing. Growing foreign investments in the construction industry, high-end commercial projects, and industrial development are expected to drive this segment. Growing construction of commercial buildings such as shopping malls, multiplexes, show rooms, institutional buildings, offices, and industrial buildings are resulting in the growth of the market. Industrial construction projects are also increasing due to growing manufacturing activity and growth in retail construction to meet consumer needs. These factors are cumulatively expected to result in high growth of the elastomeric membrane market in this sector.

Roofs & walls is the largest and fastest-growing application of the elastomeric membrane market owing to the high demand for sheet membranes in non-residential flat roofs. Elastomeric membrane is widely used in exterior applications and hence is a preferred choice in roofing. It can sustain adverse climatic conditions and improves the durability of roofing systems. Increasing construction of commercial and industrial buildings have further fueled the use of elastomeric membranes in this application.

Based on region, the elastomeric membrane market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia-Pacific elastomeric membrane market is the largest and fastest-growing market due to substantial investments in residential and non-residential construction projects to meet the housing and infrastructural needs of the growing population. Cheap labor, cheap & accessible raw materials, and public infrastructure projects have boosted construction activities, thereby, increasing the demand for elastomeric membrane in this region.

The key players operating in the elastomeric membrane market are BASF, Sika, Carlisle Companies Inc., SOPREMA, Kemper System, Saint-Gobain, Firestone Building Products Company, Johns Manville, GCP Applied Technologies Inc., and Standard Industries Inc. These companies undertake dynamic business strategies that lead to propelling the growth of the elastomeric membrane market. However the market is restrained due to fluctuating raw material prices.

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GCP Applied Technologies Inc., and Standard Industries Inc. are the Key Players Operating in the Elastomeric Membrane Market

The elastomeric membrane market is estimated at USD 29.66 Billion in 2017 and is projected to reach USD 41.10 Billion by 2022, at a CAGR of 6.7% from 2017 to 2022. The global boom in the construction industry, recovering construction industry in Europe, and regulations for energy optimization are driving the growth of the elastomeric membrane market.

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Established players in the network transformation market include Cisco, Juniper Networks (Juniper), HPE, Huawei, IBM, NEC, Intel, Nokia Networks, Ericsson, FUJITSU, Accenture, and Mavenir. These leading players have adopted various strategies, such as partnerships, collaborations, agreements, mergers, acquisitions, and new product developments, to achieve further growth in the market.

Intel is one of the leading players in the network transformation market. The company adopts both organic and inorganic growth strategies to enhance its market presence. It formed partnerships and strategic alliances with local as well as global players. In 2017, Intel, Huawei, AUDI AG, BMW Group, Daimler AG, Ericsson, Nokia, and Qualcomm formed “5G Automotive Association” to develop, test, and promote communication solutions, support standardization, and accelerate commercial availability and global market penetration of 5G. Moreover, in 2017, Intel and Ericsson, a Sweden-based leading communication and technology company, launched the 5G innovators initiative to create experience to change business networking. This initiative will be further expanded by including leading technology companies, equipment manufacturers, top universities, and industry leaders to explore, test, and innovate with 5G network and distributed edge technologies to accelerate the adoption of 5G wireless and infrastructure innovation in the US.

Juniper is another established vendor in the network transformation market. The company has a strong presence worldwide. It focuses more on inorganic growth strategies to tap the benefits of the network transformation market. In 2017, Juniper collaborated with Telefónica, a leading telecommunication company, to help Telefónica to overcome challenges of its planned 5G services rollouts, namely surging connectivity, traffic density, and network security. Also in 2017, Juniper forged a technology alliance partnership with CarbonBlack, Netskope, CipherCloud, ForeScout, and Aruba to integrate their technologies with Juniper’s SDSN platform with an objective to create a cohesive security platform.

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The Impact of the Different Market Factors on Elastomeric Membrane Market

The report “Elastomeric Membrane Market by Type (Sheet, Liquid Applied), Application (Roofs & Walls, Underground Construction, Wet Areas), End-use Industry (Non-residential, and Residential Construction), and Region – Global Forecast to 2022″, The elastomeric membrane market is projected to reach USD 41.10 Billion by 2022, at a CAGR of 6.7% from 2017 to 2022. Growing demand for the elastomeric membrane in the construction industry is driving the elastomeric membrane market. Moreover, the growing population, globalization, and increasing investments in infrastructure enhancement are expected to result in high demand for the elastomeric membrane.

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Among applications, the roofs & walls segment is projected to grow at the highest CAGR during the forecast period

Roofs & walls are the largest and fastest-growing application of the elastomeric membrane market owing to the high demand for sheet membranes in non-residential flat roofs. The elastomeric membrane is widely used in exterior applications and hence is a preferred choice in roofing. It can sustain adverse climatic conditions and improves the durability of roofing systems. Increasing construction of commercial and industrial buildings have further fueled the use of elastomeric membranes in this application.

Among end-use industries, the non-residential construction segment expected to lead the elastomeric membrane market during the forecast period

The non-residential construction end-use industry is the largest and fastest-growing segment owing to high demand for the elastomeric membrane in commercial buildings in the application of the flat roof. Due to growing industrialization and globalization, the non-residential sector is expected to experience rapid growth in commercial and institutional constructions. Moreover, the penetration of the elastomeric membrane is higher in this segment as it is expensive and hence affordable in non-residential construction projects which have high budgets.