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Apr 2, 2020 10:00 AM ET

Liquid Applied Membrane Market by Type, application, End-Use Industry – Global Forecast to 2021

iCrowd Newswire - Apr 2, 2020

According to the new market research report Liquid Applied Membrane Market by Type (Bituminous, Elastomeric, Cementitious), application (Roofing, Underground Construction, Walls), End-Use Industry (Residential, Commercial, Public Infrastructure) – Global Forecast to 2021″, The liquid applied membrane market is projected to reach USD 20.84 Billion by 2021, registering a CAGR of 6.3% from 2016 to 2021.

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The increasing requirement of liquid applied membranes in the growing residential constructions and the need for cost-effective construction has led to the growth of the liquid applied membrane market.

The bituminous membrane segment led the liquid applied membrane market in 2015 due to its vast availability, better properties, effective water proofing, convenience associated with its application, exceptional structural properties, and lower price. It is widely used in the Asia-Pacific region due to its lower price as compared to other liquid applied membranes.

Roofing is the largest application for liquid applied membrane due to the need for water proofing for roofs, it offers resistance against adverse weather conditions, increasing the investment in green roofing, and its ease of application.

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The liquid applied membrane market was valued at USD 14.42 Billion in 2015 and is projected to reach USD 20.84 Billion by 2021, at a CAGR of 6.3% from 2016 to 2021. The increasing demand for liquid applied membranes in residential, commercial, and public infrastructure construction end-use industries is driving the liquid applied membrane market. Further, the increase in residential housing projects, as well as the need for cost-effective construction are also expected to boost market growth.

Innovative new product launches, strategic acquisitions, and organic expansions were the core strengths of the leading players of the milk protein market; these strategies were adopted by the players to increase their market presence. They also helped the players diversify their businesses geographically, strengthen distribution networks, and enhance their product portfolios. Market leaders such as Groupe Lactalis (France), Fonterra Co-Operative Group (New Zealand), FrieslandCampina (Netherlands), Arla Foods (Denmark), and Saputo Inc. (Canada) successfully tapped the potential markets through new product launches, expansions, investments, and acquisitions.

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Groupe Lactalis is primarily engaged in the manufacture of cheese. It is one of the key players in the dairy products sector. Lactalis manufactures a wide range of products, which include dairy ingredients, dairy products, cheese, and spreads. Lactalis Ingredients is a subsidiary of Groupe Lactalis, which deals in the development of high-quality dairy ingredients for food and nutrition purposes. Lactalis Ingredients offers a complete product range covering all dairy categories, namely, whey & milk powders, dairy protein & minerals, and milk fats. Lactalis has a well-developed global presence and aims to increase its business in emerging markets to develop a significant global network by adopting strategies such as acquisitions. The company adopted acquisitions as its business strategy to secure its position in developed countries in North America and Europe and it also focuses on capturing a larger market share in the emerging markets of Asia-Pacific. For instance, in January 2014, Lactalis strengthened its presence in India, by acquiring Tirumala Milk Products Pvt Ltd. with a view to enter the world’s largest dairy market; it also entered the Romanian market by acquiring the shares of Albacta. The acquisition would help in the growth of the company’s dairy ingredient offerings, since Lactalis offers a wide range of milk protein through its speciality ingredients business segment. Lactalis, being a food ingredient manufacturing pioneer, continues to increase its business of milk protein by leveraging its manufacturing & distribution competences. Lactalis has a range of milk protein and other ingredients that can be used in the food and nutrition industry; its production capacities and supply networks help increase its revenues.

Fonterra Co-Operative Group (New Zealand) is a leading company in dairy nutrition, a key player in dairy products processing and dairy ingredient providing sector. Fonterra is one of the largest suppliers of milk protein, through its distribution subsidiary NZMP; the company has been strengthening its market position through a series of partnerships and joint ventures. It focuses on expansion strategies, partnerships, and key investments. For instance, in December 2016, Fonterra set up a new advanced milk powder dryer in Lichfield, England, with a view to meet its growing production demands. Recently, the company launched high protein ready-to-drink beverage—LiveUp—under its ultra-heat-treated products category. Also, in August 2014, Fonterra entered into a partnership with Beingmate, a company in China, with a view to enter the emerging market. Fonterra frequently introduces new functional ingredients as a part of its strategy to serve a larger customer base across the globe. It has a very strong global presence, with its offices in Australia, China, Asia, North America, Latin America, Europe, the Middle East, and Africa.

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Mr. Sanjay Gupta
MarketsandMarkets™ INC.
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Contact Information:

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]

Keywords:    Liquid Applied Membranes Market, Liquid Applied Membrane Market

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