The global market size for Liquid Applied Membranes (LAMs) Market is expected to reach USD 30.38 billion in 2030, with a projected revenue compound annual growth rate (CAGR) of 6.2% during the forecast period. The increasing awareness about liquid applied membranes and their need for water management, along with the growing use of waterproof membranes to increase building longevity, are the main factors driving the market revenue growth.
The rapid urbanization and demand for new technological products in the construction industry are driving the market's revenue growth globally. LAMs provide waterproofing solutions and can easily repair and maintain old, aging buildings. They also offer protection against different weather conditions, chemicals, and pollutants. Their application in wet walls and roofs helps prevent leakages in lateral walls and dumps due to their waterproofing and adhesive properties. The increasing adoption of technologically advanced membranes in the construction industry is expected to drive the market's revenue growth during the forecast period.
The liquid applied membrane is gaining importance worldwide due to the increasing demand for water management. The rise in demand for water management operations has led to increased investments in urban infrastructure development, including bridges, dams, power plants, and highways. The increasing complexity of structural movements, along with growing concerns about leakages in concrete systems, is increasing the demand for LAMs to waterproof various structures. LAMs provide a water-repellent material that provides a desired waterproof coating when applied to surfaces. The growing infrastructural investment is expected to drive market revenue growth during the forecast period.
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The Liquid Applied Membranes (LAMs) market has seen notable innovations:
With the increasing demand for waterproofing solutions in construction and the need for water management, LAMs have gained importance and become a popular choice for builders.
Cementitious LAMs have emerged as a leading segment due to their convenience of application and remarkable weathering resistance, making them suitable for waterproofing water tanks and moist rooms.
Roofing has also become a popular application area for LAMs due to their superior adhesion, rapid curing, and greater waterproofing with high lifespan. LAMs also offer a variety of roofing options for the construction industry, including effective restoration of structural concrete in cases of damaged and leaky roofs.
Despite the increasing adoption of LAMs, high costs of raw materials and volatility in crude oil prices remain a major challenge for the market. Majority of raw materials required for LAMs are petroleum-based and subject to price volatility, affecting profit margins and hindering revenue growth.
The driving factors for the Liquid Applied Membranes (LAMs) market:
- Growing awareness and need for water management.
- Rising use of waterproof membranes to increase longevity of buildings.
- Rapid urbanization and surge in demand for new technological products capable of providing desired solutions in the construction industry.
- Increasing adoption of technologically advanced membranes by the construction industry.
- Increasing demand for water management operations.
- Growing concerns about leakages in concrete systems.
- Growing infrastructural investment.
- Increasing demand for rapid curing, greater waterproofing with high lifespan, superior adhesion, and safe application methods.
- Increasing demand for restoration, repair, and overhaul of old buildings with waterproofing solutions.
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