Bitumen membranes are polymeric-based materials obtained from bitumen, which is very thick and dense. According to BlueQuark Research and Consulting, the global Bitumen Membranes market is expected to grow considerably during the forecasted period. Factors such as the growing need for the building & construction industry require high-performance materials that are strong, lightweight, high-performance, durable, and versatile, which is expected to propel the Bitumen membranes market growth in the forecasted period. Further, a rise in the automotive sector for cap sheet application is also expected to propel the development of the global bitumen membranes market in the forecasted period. Furthermore, a rise in the demand for Atactic Polypropylene more than the desire for other grades is attributable to increasing the performance of the bitumen by raising its resilience at low temperatures and exposure to harmful ultraviolet rays is expected to drive the Bitumen membranes market growth in the forecasted period. However, fluctuating raw material prices of waterproofing membranes are expected to restrain global market growth in the forecast period due to supply and demand imbalance.

Bitumen membranes are used for different applications, including humidifying, waterproofing, binding, rust-proofing, joint filling, and crack forming.

The rapid growth of the construction sector is one of the prime drivers of the bitumen membrane market. These sheet membrane are used in layer or emulsion types to render the concrete frameworks resistant to harm caused by oxidation, thereby increasing their lifetime. It can be due to the substantial commodity demand for numerous construction ventures, such as malls, office buildings, educational establishments, hospitals, etc., to provide the waterproofing needed for walls, terraces, etc. Building activities in India are also rising at a high rate due to the need for industrial infrastructure, increased spending power, public & private investments, government initiatives, etc. Bitumen membranes are produced through a series of operations. They have significant properties such as durability, superior resistance to varying weather conditions, consistency of factory-set technical parameters, and ease of installation, making them suitable for waterproofing and rust-proof material. Bitumen membranes are created from organic liquids that are dense, sticky, and waterproof. They are utilized to protect commercial and residential buildings. Bitumen membranes are used for various purposes, including damp-proofing, sealing, rust-proofing, and joint and crack filling. Water leakage prevention is a critical function of a building enclosure. Waterproof membranes are widely used to meet this need in roofs and foundations. The most type of waterproof membrane is bituminous, produced by mixing asphalt or coal tar pitch with felts, mats, or textiles of organic or inorganic fibres. Their appeal stems mainly from the bitumen's waterproof and adhesive properties and the materials' availability, low cost, and ease of installation. The availability of continuous bitumen films is in demand for bituminous membranes waterproofing capabilities. A sheet material (felt) is generally added to prevent bitumen rupture or flow. Therefore, the growing construction activity is expected to boost the demand for the market studied during the forecast period.

Europe accounted for the largest share market share due to the vast array of bitumen products used in the effective roof systems of the region. Europe will likely maintain its dominance during the forecast period, driven by the region's mature construction and automotive industries. On the other hand, North America and Asia Pacific are also predicted to offer substantial growth opportunities during the forecasted period. It is propelled by countries such as China, India, and Japan, where governments plan new infrastructure projects and upgrade previous constructional activities with better ones. Bitumen membranes are used as rust shield materials for metal parts in an automobile. Hence, a rise in the automotive sector is also expected to fuel the growth of the global bitumen membranes market. Liquid bitumen membrane is convenient, environmentally friendly, easy to repair, and can be used as monolithic systems. The key benefits of this substance are its waterproofing operation durability and superficial compliance with wet substrates. It dries quickly, has excellent adhesivity, superior abrasion & fracture toughness, and performs well under varying temperature conditions. Polymer-modified bitumen membranes are prepared by integrating thermoplastic polymers with oxidized or straight-run bitumen and a mineral filler. A polyester mat or fibreglass coats the mixture. These products' waterproofing systems comprise polymer-modified bitumen sheets with a fundamental base sheet. These sheets are laminated together at the construction site. APP is a polyamide membrane type that can resist water, heat, UV radiation, and alkali. The APP membranes are constructed with synthetic fibres with high elongation properties making them more resistant to damage from tensile forces or punctures. They also possess good mechanical strength, chemical resistance, and thermal stability. APP is widely used for waterproofing on terrace or house roofs, curtain walls, sloping concrete floors, and foundations. Besides, it offers many superior features such as excellent life expectancy, weather tolerance, better usability, remarkable adhesive properties, robust dimensional durability, excellent chemical resistance, and high tolerance to puncturing & mechanical injury, which drives the segment's growth.

Some market players are BASF SE, Soprema International, BMI Group, and IKO Group.

In June 2022, Sika AG, a chemical company, established a new producing plant for concrete admixtures on a stream in Stafford, Virginia, USA. With the plant's opening near Washington, DC, Sika is increasing its production capacity in the critical American construction market to readily satisfy the strong demand in the Northeast and Mid-Atlantic regions.

In February 2022, Carlisle Companies Inc, a diversified American company, announced the acquisition of MBTechnology, Inc. (MBT), a manufacturer of energy-efficient, styrene-butadiene-styrene modified bitumen roofing and underlayment systems for commercial and residential applications.

Global Bitumen Membranes Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Bitumen membranes Market by segmenting based on Grade (Atactic Polypropylene [APP], Styrene-Butadiene -Styrene [SBS]), By Product (Sheets, Liquid), By Application (Residential, Non-Residential, Automotive ), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.