SINCE 2014, the market for flat roofs has grown largely due to an underlying improvement in newbuild and refurbishment output across the schools, higher education, offices, warehousing, infrastructure buildings and apartment sectors, according to the new flat roof waterproofing systems report from AMA Research.
However, the report reveals that growth in the market for waterproofing systems has largely been constrained by a decrease in that of bituminous products, which once accounted for around three quarters of flat roof waterproofing by area installed. According to AMA, since 2013 there has been a year on year decrease in the use of bituminous products, which is believed to be due to raw material supply issues.
The report also highlights that the recent decrease in imports of rolled bitumen products began in 2014 but the rate of decline accelerated from 2016. It states that this was, in part, due to the impact of reduced bitumen processing capacity with the closure of around a quarter of EU refineries.
Over the next three years, AMA Research anticipates that demand will fall after 2019 driven by the economic uncertainty and lower investment in the commercial sector. The research company also believes prices for imported bitumen rolls could potentially increase should the value of Sterling fall against the Euro combined with higher prices arising from any possible further reduction in refining capacity.
|The full report is available to purchase here.|