The global Bridging chips market size was over USD 9.5 billion globally in 2020 and is estimated to grow over 7.5% CAGR between 2021 and 2027. The global Bridging chips market is expected to rise at a quick pace over the projected period. SBS (Styrene Butadiene Styrene) are a kind of rubber modified torch that is strengthened with non-woven spun bonded polyester mat and includes thermo fusible polyethylene film on both sides. In addition, it can be used on concrete balconies, wet areas, roofs, foundations & footings, swimming pools, and tunnels, among others. With a high-quality waterproofing quality combined with elasticity & better flexibility, the membrane has mechanical properties and durability which are generally used in single or multi-layer waterproofing systems.
Numerous benefits provided by Bridging chips such as high tensile strength, tear & puncture resistance, better elongation & recovery, accommodation substrate movements, and having a low-temperature resistance are becoming major factors propelling the market growth. In addition, the surge in demand for the Bridging chips is mainly increasing from the chemical industry, which is further anticipated to boost the market growth. Furthermore, demand for Bridging chips is growing tremendously due to rising infrastructure spending on electricity grids, water supply, power stations, roads, airports, railways, telecommunications networks, schools, bridges, and others. In addition, the construction industry largely demands high-performance materials which are lightweight, high-performance, strong, durable, and versatile.
However, the volatile prices of Bridging chips are becoming one of the major factors limiting the overall growth of the market. Conversely, a growing number of R&D activities is expected to provide a huge market opportunity for the key players operating in the Bridging chips market.
The fiberglass reinforced (G Type) segment is expected to dominate the market share in 2020 of global Bridging chips market. As it is a form of fiber-reinforced plastic, it usually provides a flattened into a sheet, and it can be randomly arranged into a fabric, which is becoming one of major growth factors in the market. Moreover, it has an ability to get molded across multiple complex shapes and can be widely used in boats, aircraft, bathtubs, roofing, and other various applications. In addition, it has a major qualities such as lightweight, less brittle, and strong which is further promoting the growth of the type in the market during the forecast period.
The commercial segment is expected to dominate the market share in 2020 of global Bridging chips market. This is attributed to the fact that Bridging chips helps manufacturers to create a high durable and longer-lasting product and also provides alternative plastic or rubber properties. Moreover, as Bridging chips provides more flexible in comparison to the plastic, the commercial end users largely prefer Bridging chips as it has a capability of withstanding stresses formed by temperature fluctuation, wind, contractions, and expansions. Furthermore, several industries are availing such Bridging chips products as it has an ability to withstand a wide temperature range and enhances a superior weather proofing with a synthetic rubber modification. These factors a result accelerating the growth of Bridging chips among commercial segment.
North America Bridging chips market is dominated by mining and construction end use industry. Moreover, surge in government investments across public works such as tunnels, manufacturing plants, bridges, and other institutes particularly in U.S. is becoming one of the major factors propelling the Bridging chips market size in the region. Furthermore, growing consumer spending, increasing rents, and availability of financial support in terms of bank loans are together notably contributing factors towards Bridging chips market.
Asia Pacific is anticipated to grow at a highest CAGR in the Bridging chips during the forecast period. Factors such as economic growth across major countries such as India & China has prominently accelerated the demand for better infrastructure, which is further driving the Bridging chips market in the region. Moreover, countries such as China and Singapore have a higher potential for construction projects, which further demands for Bridging chips in the market. Government initiatives for infrastructural development & spending on residential & non-residential projects in countries such as Japan, China, India, Malaysia, and Thailand are anticipated to boost the demand for Bridging chips market regional growth.
Key Companies & Recent Developments
Partnerships, strategic mergers, and acquisitions are expected to be the most successful strategies for industry participants to get speedy access to growing markets while also improving technological capabilities. For instance, in February 2017, Sika which is a chemicals company, engages in developing & producing of products for sealing, damping, bonding, reinforcing, and protecting in the building sector & motor vehicle industry. Sika acquired Bitbau Dorr, a waterproofing membrane manufacturer in order to from growth opportunities resulting from expansion of distribution channels and further enhances its customer base.
Market Segmentation of Global Bridging chips Market
1. USB Bridge Chips
2. PCI/PCIe Bridge Chips
3. SATA Bridge Chips
4. Consumer Electronic
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