Single-ply Membrane Market Segment Analysis – By End Use
The residential construction sector held the largest share of more than 25% in the single-ply membrane market in 2020. Rising demand for single-ply membrane in residential flat roofs owing to its cost-effective and lightweight properties has raised the market demand. In residential construction, two of the most widely used single-ply thermoplastic membranes are thermoplastic polyolefin, and polyvinyl chloride, both of which are plastic-based. Thermoplastic membranes are typically manufactured to provide a reinforcing sheet, usually polyester or fibreglass, which provides extra strength and resilience. According to the U.S. Census Bureau report as of January 2021, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau jointly announced new residential construction statistics for December 2020. As per the report, an estimated 1,452,000 housing units were granted construction permits in the year 2020, w