[FURL=https://www.industryarc.com/Research/Single-ply-Membranes-Market-Research-503162?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Single-ply Membrane Market[/FURL] size is forecast to reach $7.5 billion by 2026, after growing at a CAGR of 7.4% during 2021-2026. Globally, the rising demand for single-ply membrane owing to its flexible, durable, and UV resistant properties in various end-use industries such as residential, commercial, industrial, and infrastructure, is estimated to drive the market growth. Also, the increasing usage of flexible sheets of thermoset or thermoplastic membranes such as ethylene propylene diene monomer, thermoplastic polyolefin, and polyvinyl chloride, due to its recyclable properties will substantially drive the demand for single-ply membrane. Moreover, with the rising building and infrastructure construction projects in various regions, it is anticipated that the single-ply membrane industry will boost in the projected time frame.Key Takeaways
Asia-pacific region dominated the single-ply membrane market due to the rising government investments in the construction and infrastructure segments in countries such as China, India, South Korea, and Australia.
Under strict quality management requirements, single-ply roofing membranes are increasingly prefabricated and assembled in factories. Also, in building and construction activities, roofing materials have increasingly become a critical requirement.
The increasing usage of ethylene propylene diene monomer (EPDM) membranes in industrial infrastructure since they are considered suitable for insulation and sealing purposes is anticipated to raise the demand for single-ply membrane market growth.
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Single-ply Membrane Market Drivers
Increasing Investments for Infrastructure Development will Drive the Market Growth.
Infrastructure development acts as a boon for the country’s economy. Hence, the government taking initiatives to develop the infrastructure sector is estimated to boost the market growth.
Rising Demand for Eco-friendly Roofing will Lead Towards the Growth of the Market
Single-ply roofing is considered environmentally sustainable. Single-ply roofing is also a much safer environmental alternative. This type of roofing has numerous environmental advantages including energy efficiency.
Single-ply membrane market top 10 companies are Dow Roofing Systems LLC, Carlisle SynTec System, Duro-Last, Inc., Owens Corning, Johns Manville, Kingspan Group, Baker Roofing Company, GAF, Firestone Building Products Company LLC, and Carney Roofing Company Inc.,
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