Impact of Existing and Emerging Stand-Up on Liquid Applied Membranes Market

Liquid Applied Membranes Market by Type (Bituminous, Elastomeric, Cementitious), Application (Roofing, Walls, Building Structures, Roadways), End-Use Industry (Residential, Commercial, Public Infrastructure), and Region - Global Forecast to 2025

(EMAILWIRE.COM, September 01, 2021 ) The global liquid applied membranes (LAMs) market size is expected to grow from USD 19.6 billion in 2021 to USD 26.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 6.0%. The major driving factors are increasing spending on infrastructure development and the growing requirement of water management activities in the APAC region.

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The major LAMs vendors include Sika AG (Switzerland), GCP Applied Technologies (US), Carlisle Companies (US), the Soprema Group (France), MAPEI (Italy), Fosroc (UK), BASF (Germany), Tremco (US), Johns Manville (US), RENOLIT (Germany), Alchimica Building Chemicals (Greece), CHRYSO (France), Copernit (Italy), Elmich (Singapore), Firestone Building Products Company (US), GAF (US), Henkel Polybit (Germany), Henry Company (US), IKO (Canada), ISOMAT (Greece), Kemper System (US), Paul Bauder (Germany), Pidilite Industries (India), Saint-Gobain Weber (France), and Siplast (US).These players have adopted various growth strategies, such as investment, expansion, merger, and acquisition, to expand their presence in the LAMs market further. Mergers and acquisitionshave been the most dominating strategy adopted by major players from 2018 to 2021, which helped them broaden their production capabilities and customer base.

Sika AG (Switzerland) is one of the leading manufacturers and distributors of waterproofing membranes. The company adopted mergers & acquisitions as one of its key business strategies. For instance, in July 2021, the company acquired American Hydrotech Inc. in the US and its affiliate Hydrotech Membrane Corp. in Canada. The acquired companies manufacturesLAM and also offers roofing and waterproofing solutions. The acquisition complements the company’s sustainability focus and has strengthened in positioning to become the number-one supplier of green roofs in North America.In 2020, the acquired company generated sales of approximately USD 90.2 million.

Soprema Group (France) is progressing in the Liquid Applied Membranes Market by focusing on optimized performance while significantly reducing environmental impact. The company is strategizing its business with the aim of a 65% reduction of the dependence of waterproofing products on petroleum-based materials. Soprema has acquired DERBIGUM Americas, the US division of DERBIGUM, a Belgian roofing solutions provider, in August 2018. This acquisition has strengthened the company’s positioning through expanded product offerings along with having local APP-modified bitumen production in the US.