Elastomeric Membrane Market – Global Forecast to 2022
Posted by Robin White on June 12th, 2019
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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The report analyzes the key growth strategies adopted by the leading market players between 2015 and 2017. BASF, Sika Carlisle Companies Inc., SOPREMA, Kemper System, Saint-Gobain, Firestone Building Products Company, Johns Manville, GCP Applied Technologies Inc., and Standard Industries Inc. are the key players operating in the elastomeric membrane market. These companies adopted mergers & acquisitions and investments & expansions strategies to strengthen their presence in the elastomeric membrane market.
Standard Industries Inc. leads in the roofing market with the adoption of mergers & acquisitions as its major strategy. The company operates through four subsidiaries namely, GAF, Siplast, BMI Group, and Specialty Granules. In April 2017, Standard Industries Inc. acquired Braas Monier Building Group S.A. In January 2016, GAF, a part of Standard Industries Inc., acquired ICOPAL, and now the Icopal and Braas Monier businesses operate under the BMI Group. These acquisitions have made Standard Industries Inc. one of the market leaders in the elastomeric membrane market.
Sika has adopted investments & expansions and mergers & acquisitions strategies to strengthen its presence in the elastomeric membrane market. In January 2017, the company acquired Bitbau Dörr, a leading waterproofing system manufacturer. In February 2014, the company acquired Lwart Química Ltda., and in August 2013 Sika AG acquired JMTexsa, S.A. de C.V. and Texsa India Ltd. These developments have led to a strong Sika foothold across the globe in the elastomeric membrane market. The company focuses on market penetration, innovations, and tapping the potential of emerging markets. The company earns around 18.0% revenue from the Asia-Pacific region. Since 2012 the company has invested in 52 new plants, 21 new national subsidiaries, and 22 acquisitions for all its business segments. Moreover, the company has obtained the highest number of patents in the elastomeric membrane market.
