Table of Content

1 INTRODUCTION 21
1.1 Objectives of the Study 21
1.2 Market Definition 21
1.3 Inclusions & Exclusions 22
1.4 Market Scope 22
1.4.1 Market segmentation 22
1.4.2 Regions covered 23
1.4.3 Years considered for the study 23
1.5 Currency 24
1.6 Unit Considered 24
1.7 Summary of Changes 24

2 RESEARCH METHODOLOGY 25
2.1 Research Data 25
FIGURE 1 Liquid applied membranes market: Research design 25
2.1.1 Secondary data 26
2.1.1.1 Key data from secondary sources 26
2.1.1.2 Liquid applied membranes market analysis through secondary interviews 27
2.1.2 Primary data 27
2.1.2.1 Key data from primary sources 28
2.1.2.2 Key industry insights 28
2.1.2.3 Breakdown of primary interviews 29
2.2 Market Size Estimation 29
2.2.1 Bottom-up approach 30
FIGURE 2 Liquid applied membranes market: Bottom-up approach 30
2.2.2 Top-down approach 30
FIGURE 3 Liquid applied membranes market: Top-down approach 30
2.3 Data Triangulation 31
FIGURE 4 Liquid applied membranes market: Data triangulation 31
2.4 Limitations 32
2.5 Assumptions 32

3 EXECUTIVE SUMMARY 33
FIGURE 5 Elastomeric membranes dominated the market in 2019 33
FIGURE 6 Residential end-use industry to dominate the market during
the forecast period 34
FIGURE 7 APAC accounted for the largest market share in 2019 34

4 PREMIUM INSIGHTS 36
4.1 Attractive Opportunities in the Liquid Applied Membranes Market 36
FIGURE 8 High growth projected in the market during the forecast period 36
4.2 Liquid Applied Membranes Market, by Type 36
FIGURE 9 Elastomeric membranes to register the highest growth during the forecast period 36
4.3 Liquid Applied Membranes Market, by End-use Industry 37
FIGURE 10 Residential construction to be the largest end-use industry of liquid applied membranes 37
4.4 Liquid Applied Membranes Market, by Country 37
FIGURE 11 India to register the highest CAGR in the global market 37
4.5 APAC: Liquid Applied Membranes Market, by End-Use Industry and
Country, 2019 38
FIGURE 12 Residential construction segment and China accounted for largest shares 38

5 MARKET OVERVIEW 39
5.1 Introduction 39
5.2 Market Dynamics 39
FIGURE 13 Liquid applied membranes market: Drivers, restraints, opportunities, and challenges 39
5.2.1 Drivers 40
5.2.1.1 Increasing spending on infrastructure development 40
5.2.1.2 Growing requirement of water management activities in the APAC region 40
5.2.2 Restraints 40
5.2.2.1 Availability of substitutes, such as sheet membranes, for large-scale, open surfaces 40
5.2.3 Opportunities 41
5.2.3.1 Growing demand for energy-efficient buildings and green roofs 41
5.2.4 Challenges 42
5.2.4.1 Fluctuations in raw material prices 42
5.3 Impact of COVID-19 on the Liquid Applied Membranes Market 43
5.3.1 COVID-19 43
5.3.2 Confirmed cases and deaths, by geography 43
FIGURE 14 Pace of global propagation of COVID-19 is unprecedented 43
5.3.3 Impact on application and end-use industries 44
5.4 Porter’s Five Forces Analysis 45
FIGURE 15 Porter’s five forces analysis of the liquid applied membranes market 45
5.4.1 Threat from substitutes 45
5.4.2 Bargaining power of suppliers 46
5.4.3 Threat from new entrants 46
5.4.4 Bargaining power of buyers 46
5.4.5 Intensity of competitive rivalry 46
5.5 Raw Material Analysis 47
5.5.1 Bituminous membranes 47
5.5.2 Elastomeric membranes 47
5.5.2.1 Acrylic 47
5.5.2.2 Polyurethane 47
5.5.3 Cementitious membranes 47
5.6 Value Chain Analysis 48
FIGURE 16 Value chain analysis 48
5.7 Adjacent/Related Markets 49
5.7.1 Introduction 49
5.7.2 Limitations 49
5.7.3 Market ecosystem and interconnected markets 49
5.7.4 Roofing market 49
5.7.4.1 Market definition 49
5.7.4.2 Market overview 49
5.7.5 Roofing market, by type 50
TABLE 1 Roofing market size, by type, 2014–2026 (USD Billion) 51
5.7.5.1 Materials 51
5.7.5.2 Chemicals 52
5.7.6 Roofing market, by application 52
TABLE 2 Roofing market size, by application, 2014–2026 (USD Billion) 52
5.7.6.1 Residential 53
5.7.6.2 Commercial 53
5.7.6.3 Non-residential 53
5.7.6.4 Other applications 53
5.7.7 Roofing market, by region 54
TABLE 3 Roofing market size, by region, 2014–2026 (USD Billion) 54
5.7.7.1 North America 54
5.7.7.2 Europe 54
5.7.7.3 APAC 55
5.7.7.4 South America 55
5.7.7.5 Middle East & Africa 55
5.8 Macroeconomic Indicators 56
5.8.1 Global GDP trends and construction industry statistics 56
TABLE 4 Projected GDP percentage change of key countries, 2018–2021 56
TABLE 5 Industry (including construction) value-added statistics, by country, 2018, (USD Million) 57
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6 LIQUID APPLIED MEMBRANES MARKET, BY TYPE 58
6.1 Introduction 59
FIGURE 17 Elastomeric membranes segment to witness the highest growth during the forecast period 59
TABLE 6 LAMs market size, by type, 2018–2025 (USD Million) 59
TABLE 7 LAMs market size, by type, 2018–2025 (Million Square Meters) 59
6.2 Elastomeric Membranes 60
6.2.1 Elastomeric membranes to account for the largest share of the market 60
6.2.1.1 Acrylic membranes 60
6.2.1.2 Polyurethane membranes 60
6.2.1.3 PMMA membranes 60
6.3 Bituminous Membranes 60
6.3.1 Low cost and easy availability to boost their demand 60
6.4 Cementitious Membranes 61
6.4.1 Demand for these membranes is expected to remain stagnant due to their low quality 61

7 LIQUID APPLIED MEMBRANES MARKET, BY APPLICATION 62
7.1 Introduction 62
7.2 Roofing 62
7.2.1 Benefits provided by green roofing provide huge untapped opportunities for market growth 62
7.3 Walls 62
7.3.1 Improved energy efficiency to drive growth in this market segment 62
7.4 Building Structures 63
7.4.1 Need for below-ground structure protection to propel market growth 63
7.5 Roadways 63
7.5.1 Increasing infrastructural activities to drive market growth 63
7.6 Other Applications 63

8 LIQUID APPLIED MEMBRANES MARKET, BY END-USE INDUSTRY 64
8.1 Introduction 65
FIGURE 18 Residential construction to be the largest end-use industry for LAMs 65
TABLE 8 LAMs market size, by end-use industry, 2018–2025 (USD Million) 65
TABLE 9 LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 65
8.2 Residential Construction 66
8.2.1 Residential construction holds the largest market share 66
TABLE 10 LAMs market size in residential construction, by region,
2018–2025 (USD Million) 66
TABLE 11 LAMs market size in residential construction, by region,
2018–2025 (Million Square Meters) 66
8.3 Commercial Construction 67
8.3.1 Increasing demand for commercial infrastructure will boost the market growth 67
TABLE 12 LAMs market size in commercial construction, by region,
2018–2025 (USD Million) 67
TABLE 13 LAMs market size in commercial construction, by region,
2018–2025 (Million Square Meters) 67
8.4 Public Infrastructure 68
8.4.1 Increasing population, urbanization, and industrialization are driving the growth of the public infrastructure sector 68
TABLE 14 LAMs market size in public infrastructure, by region,
2018–2025 (USD Million) 68
TABLE 15 LAMs market size in public infrastructure, by region,
2018–2025 (Million Square Meters) 68
9 LIQUID APPLIED MEMBRANES MARKET, BY REGION 69
9.1 Introduction 70
FIGURE 19 APAC to be the largest and fastest-growing LAMs market 70
TABLE 16 LAMs market size, by region, 2018–2025 (USD Million) 70
TABLE 17 LAMs market size, by region, 2018–2025 (Million Square Meters) 71
9.2 APAC 71
FIGURE 20 APAC: LAMs market snapshot 72
TABLE 18 APAC: LAMs market size, by country, 2018–2025 (USD Million) 72
TABLE 19 APAC: LAMs market size, by country, 2018–2025 (Million Square Meters) 73
TABLE 20 APAC: LAMs market size, by type, 2018–2025 (USD Million) 73
TABLE 21 APAC: LAMs market size, by type, 2018–2025 (Million Square Meters) 73
TABLE 22 APAC: LAMs market size, by end-use industry, 2018–2025 (USD Million) 73
TABLE 23 APAC: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 74
9.2.1 China 74
9.2.1.1 Rapid development of prefabricated buildings in the country is influencing the LAMs market 74
TABLE 24 China: LAMs market size, by end-use industry, 2018–2025 (USD Million) 74
TABLE 25 China: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 75
9.2.2 India 75
9.2.2.1 Infrastructure development in the country is driving the growth of the LAMs market 75
TABLE 26 India: LAMs market size, by end-use industry, 2018–2025 (USD Million) 76
TABLE 27 India: LAMs market size, by end-use industry,
–2025 (Million Square Meters) 76
9.2.3 Japan 76
9.2.3.1 Redevelopment activities in the country will boost the market 76
TABLE 28 Japan: LAMs market size, by end-use industry, 2018–2025 (USD Million) 77
TABLE 29 Japan: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 77
9.2.4 Australia 77
9.2.4.1 Rise in construction projects to drive the LAMs market 77
TABLE 30 Australia: LAMs market size, by end-use industry,
2018–2025 (USD Million) 77
TABLE 31 Australia: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 78
9.2.5 Indonesia 78
9.2.5.1 Government initiatives for the development of the construction industry will drive the LAMs market 78
TABLE 32 Indonesia: LAMs market size, by end-use industry,
2018–2025 (USD Million) 78
TABLE 33 Indonesia: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 79
9.2.6 South Korea 79
9.2.6.1 Government investments will boost the market growth in South Korea 79
TABLE 34 South Korea: LAMs market size, by end-use industry,
2018–2025 (USD Million) 79
TABLE 35 South Korea: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 79
9.2.7 Thailand 80
9.2.7.1 Growth of the country’s construction industry to support market growth 80
TABLE 36 Thailand: LAMs market size, by end-use industry,
2018–2025 (USD Million) 80
TABLE 37 Thailand: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 80
9.2.8 Rest of APAC 81
TABLE 38 Rest of APAC: LAMs market size, by end-use industry,
2018–2025 (USD Million) 81
TABLE 39 Rest of APAC: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 81
9.3 Europe 82
FIGURE 21 Europe: LAMs market snapshot 82
TABLE 40 Europe: LAMs market size, by country, 2018–2025 (USD Million) 83
TABLE 41 Europe: LAMs market size, by country,
2018–2025 (Million Square Meters) 83
TABLE 42 Europe: LAMs market size, by type, 2018–2025 (USD Million) 83
TABLE 43 Europe: LAMs market size, by type, 2018–2025 (Million Square Meters) 84
TABLE 44 Europe: LAMs market size, by end-use industry, 2018–2025 (USD Million) 84
TABLE 45 Europe: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 84
9.3.1 Germany 84
9.3.1.1 Infrastructure developments in the country will drive the LAMs market 84
TABLE 46 Germany: LAMs market size, by end-use industry,
2018–2025 (USD Million) 85
TABLE 47 Germany: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 85
9.3.2 France 85
9.3.2.1 Government focus on construction projects to drive the market 85
TABLE 48 France: LAMs market size, by end-use industry, 2018–2025 (USD Million) 86
TABLE 49 France: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 86
9.3.3 UK 86
9.3.3.1 Government spending on construction and infrastructural activities will drive the LAMs market 86
TABLE 50 UK: LAMs market size, by end-use industry, 2018–2025 (USD Million) 87
TABLE 51 UK: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 87
9.3.4 Italy 87
9.3.4.1 Wastewater treatment and road linking projects will lead to the growth of the Italian market 87
TABLE 52 Italy: LAMs market size, by end-use industry, 2018–2025 (USD Million) 87
TABLE 53 Italy: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 88
9.3.5 Spain 88
9.3.5.1 Recovery of infrastructural projects is expected to boost the growth of the LAMs market 88
TABLE 54 Spain: LAMs market size, by end-use industry, 2018–2025 (USD Million) 88
TABLE 55 Spain: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 89
9.3.6 Russia 89
9.3.6.1 Government policies to support the construction industry and drive demand for LAMs in Russia 89
TABLE 56 Russia: LAMs market size, by end-use industry, 2018–2025 (USD Million) 89
TABLE 57 Russia: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 89
9.3.7 Rest of Europe 90
TABLE 58 Rest of Europe: LAMs market size, by end-use industry,
2018–2025 (USD Million) 90
TABLE 59 Rest of Europe: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 90
9.4 North America 91
FIGURE 22 North America: LAMs market snapshot 91
TABLE 60 North America: LAMs market size, by country, 2018–2025 (USD Million) 92
TABLE 61 North America: LAMs market size, by country,
2018–2025 (Million Square Meters) 92
TABLE 62 North America: LAMs market size, by type, 2018–2025 (USD Million) 92
TABLE 63 North America: LAMs market size, by type,
2018–2025 (Million Square Meters) 92
TABLE 64 North America: LAMs market size, by end-use industry,
2018–2025 (USD Million) 93
TABLE 65 North America: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 93
9.4.1 US 93
9.4.1.1 The US is a hub of technology and advanced infrastructure 93
TABLE 66 US: LAMs market size, by end-use industry, 2018–2025 (USD Million) 93
TABLE 67 US: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 94
9.4.2 Canada 94
9.4.2.1 Government initiatives for the construction sector will boost product demand 94
TABLE 68 Canada: LAMs market size, by end-use industry,
2018–2025 (USD Million) 94
TABLE 69 Canada: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 94
9.4.3 Mexico 95
9.4.3.1 Increased foreign investments to boost the LAMs market 95
TABLE 70 Mexico: LAMs market size, by end-use industry, 2018–2025 (USD Million) 95
TABLE 71 Mexico: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 95
9.5 Middle East & Africa 96
TABLE 72 Middle East & Africa: LAMs market size, by country,
2018–2025 (USD Million) 96
TABLE 73 Middle East & Africa: LAMs market size, by country,
2018–2025 (Million Square Meters) 96
TABLE 74 Middle East & Africa: LAMs market size, by type,
2018–2025 (USD Million) 96
TABLE 75 Middle East & Africa: LAMs market size, by type,
2018–2025 (Million Square Meters) 96
TABLE 76 Middle East & Africa: LAMs market size, by end-use industry,
2018–2025 (USD Million) 97
TABLE 77 Middle East & Africa: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 97
9.5.1 Saudi Arabia 97
9.5.1.1 Increasing construction activity will boost the growth of the market 97
TABLE 78 Saudi Arabia: LAMs market size, by end-use industry,
2018–2025 (USD Million) 98
TABLE 79 Saudi Arabia: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 98
9.5.2 UAE 98
9.5.2.1 Growth of renewable energy is expected to spur the demand for LAMs 98
TABLE 80 UAE: LAMs market size, by end-use industry, 2018–2025 (USD Million) 99
TABLE 81 UAE: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 99
9.5.3 Rest of Middle East & Africa 99
TABLE 82 Rest of Middle East & Africa: LAMs market size, by end-use industry, 2018–2025 (USD Million) 99
TABLE 83 Rest of Middle East & Africa: LAMs market size, by end-use industry, 2018–2025 (Million Square Meters) 99
9.6 South America 100
TABLE 84 South America: LAMs market size, by country, 2018–2025 (USD Million) 100
TABLE 85 South America: LAMs market size, by country,
2018–2025 (Million Square Meters) 100
TABLE 86 South America: LAMs market size, by type, 2018–2025 (USD Million) 100
TABLE 87 South America: LAMs market size, by type,
2018–2025 (Million Square Meters) 101
TABLE 88 South America: LAMs market size, by end-use industry,
2018–2025 (USD Million) 101
TABLE 89 South America: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 101
9.6.1 Brazil 101
9.6.1.1 Government initiatives to support the construction sector is expected to spur the demand for LAMs 101
TABLE 90 Brazil: LAMs market size, by end-use industry, 2018–2025 (USD Million) 102
TABLE 91 Brazil: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 102
9.6.2 Argentina 102
9.6.2.1 Recovery of Argentina’s economy to favor the growth of the
LAMs market 102
TABLE 92 Argentina: LAMs market size, by end-use industry,
2018–2025 (USD Million) 103
TABLE 93 Argentina: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 103
9.6.3 Rest of South America 103
TABLE 94 Rest of South America: LAMs market size, by end-use industry,
2018–2025 (USD Million) 103
TABLE 95 Rest of South America: LAMs market size, by end-use industry,
2018–2025 (Million Square Meters) 104

10 COMPETITIVE LANDSCAPE 105
10.1 Overview 105
FIGURE 23 Companies adopted mergers & acquisition as key growth strategies during 2017–2020 105
10.2 Market Evaluation Framework 105
10.3 Market Share, 2019 106
FIGURE 24 Top five companies account for the dominant market share, with
Sika being the largest player in 2019 106
10.4 Market Ranking 106
FIGURE 25 Market ranking of key players 106
10.5 Key Market Developments 108
10.5.1 Mergers & acquisitions 108
TABLE 96 Mergers & acquisitions, 2017–2020 108
10.5.2 Investments & expansions 109
TABLE 97 Investments & expansions, 2017–2020 109

11 COMPANY EVALUATION MATRIX AND COMPANY PROFILES 110
11.1 Company Evaluation Matrix Definitions and Methodology 110
11.1.1 Stars 110
11.1.2 Emerging leaders 110
11.1.3 Pervasive 110
11.1.4 Participants 110
FIGURE 26 Liquid applied membranes market: Company evaluation matrix, 2019 111
11.1.5 Product portfolio analysis 112
FIGURE 27 Product portfolio analysis of the top players in the liquid applied membranes market 112
11.1.6 Business strategy excellence 113
FIGURE 28 Business strategy excellence of the top players in the liquid applied membranes market 113
11.2 Company Profiles 114
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View(Key strength/Right to win, Strategic choices made, Weaknesses and competitive threats))*
11.2.1 Sika AG 114
FIGURE 29 Sika AG: Company snapshot (2019) 114
11.2.2 GCP Applied Technologies 117
FIGURE 30 GCP Applied Technologies: Company snapshot (2019) 117
11.2.3 Carlisle Companies 119
FIGURE 31 Carlisle Companies: Company snapshot (2019) 119
11.2.4 Soprema Group 121
11.2.5 MAPEI 123
FIGURE 32 MAPEI: Company snapshot (2019) 123
11.2.6 BASF 125
FIGURE 33 BASF SE: Company snapshot (2019) 125
11.2.7 Fosroc 127
11.2.8 Johns Manville 128
11.2.9 RENOLIT 129
11.2.10 Tremco 130
11.3 SME Profiles 131
11.3.1 ALCHIMICA Building Chemicals 131
11.3.2 CHRYSO 131
11.3.3 Copernit 131
11.3.4 Elmich 131
11.3.5 Firestone Building Products Company 131
11.3.6 GAF 131
11.3.7 Henkel Polybit 132
11.3.8 Henry Company 132
11.3.9 IKO 132
11.3.10 ISOMAT 132
11.3.11 Kemper System 132
11.3.12 Paul Bauder 132
11.3.13 Pidilite Industries 133
11.3.14 Saint-Gobain Weber 133
11.3.15 Siplast 133
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View (Key strength/Right to win, Strategic choices made, Weaknesses and competitive threats) might not be captured in case of unlisted companies.

12 APPENDIX 134
12.1 Discussion Guide 134
12.3 Available Customizations 140
12.4 Related Reports 140
12.5 Author Details 141