APAC Waterproofing Membrane Market Update, Analysis, Forecast, 2017 – 2024

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Asia Pacific Waterproofing Membrane Market To
Surpass 800 Million Sq. Mtrs. By 2024
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Global Market Scenario of APAC Waterproofing
Membrane Industry

• Asia Pacific Waterproofing Membrane Market size
  is set to surpass USD 3 billion by 2024
  according to a new research report by Global
  Market Insights, Inc.
• Shift in consumer inclination towards use of
  durable reliable material in construction of
  building structures along with increasing usage
  scope in wet area applications should favor Asia
  Pacific waterproofing membrane market size. Asia
  Pacific is witnessing swift growth in
  infrastructure development and rise in per-capita
  disposable income levels which should drive
  product demand.
• Asia Pacific waterproofing membrane market size
  may surpass 800 million square meters at the end
  of 2024. Population growth along with rising
  economic development has led rise in remodeling
  and renovation activities, which should boost
  construction spending in the region. Economic
  growth in India, China, and Southeast Asian
  countries have raised up demand for better
  infrastructure which is likely to boost product
  demand.

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Continue-

• Asia Pacific waterproofing membranes market size
  from roofing applications expects sizable gains
  at over 9. These systems are majorly used in
  roofing application owing to key properties which
  include texture, UV resistance, flexibility and
  durability. Liquid applied membranes are used for
  small roofing applications owing to application
  ease whereas sheet membranes are used for
  covering large areas owing to the ability to
  effectively cover cracks gaps.
• Key feedstocks in manufacturing process includes
  polypropylene and bitumen. These feedstocks are
  derived from petrochemicals and any change in
  crude oil index may affect waterproofing
  membranes market price trend.

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360 Analysis-

• China bituminous sheet waterproofing membranes
  market size expects sizable gains to surpass USD
  250 million by 2024. Increasing application scope
  in deck terrace and roof should boost bitumen
  sheet demand. Bitumen sheets relatively have low
  cost in comparison to other preformed membranes
  along with good adhesion abrasion resistance
  properties which provide longer shelf life to
  building structures. China plans to construct
  over 56 new airports and renovating another 16
  would create a surge of product demand
• India polyacrylic waterproofing membrane market
  size should expect gains at over 12. These
  products are easy to install handle which
  provides ease to applicators. These systems are
  majorly used in applications which include roof
  and wet area. Increase in environmental concerns
  owing to rise in VoC emissions has contributed
  towards polyacrylic based product demand.
• Asia Pacific waterproofing membranes market size
  from wall applications are likely to witness
  significant gains at over 8.5. Majorly used
  products used for wall applications include
  polymer modified cement, polyacrylic and
  polyurethanes. These products provide uniform
  coating along with ease in applications and are
  majorly used to prevent cracks porosity which
  can prevent leakage.

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• Competitive Analysis
• Asia Pacific waterproofing membrane market share
  is highly competitive and fragment with presence
  of major players including BASF SE, Dow Chemical,
  Covestro, Pidilite Industries and Sika AG.
• Industry may witness consolidation as companies
  may engage in mergers and acquisitions to
  strengthen regional presence and enhance product
  portfolio.

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