Global Market Insights, Inc. adds a new Global APAC Waterproofing Membrane Market Research Report for forecast period that shows the growth of the market is rising at a steady CAGR from 2017 to 2024.
Asia Pacific Waterproofing Membrane Market size is set to surpass USD 3 billion by 2024. 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.
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The inherent quest of environmental competence in today’s construction space has definitely left an impact on APAC Waterproofing Membrane Market. ‘Green roofs’ has of late, become one of the most acclaimed reference terms in APAC construction community, primarily backed by the growing concerns over resource limitation and environmental degradation.
In this regard, various initiatives undertaken by international construction agencies like BIS, National Building Waterproofing Association, to promote effective leakage prevention in building infrastructures has undoubtedly provided a significant push to APAC waterproofing membrane market. Basically, these organizations help in spreading awareness regarding the benefits of using waterproof membranes, and put forth some of the building standards for streamlining contaminants, construction groundwater, and soil gases.
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APAC 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.
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.
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APAC Waterproofing Membrane 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.
APAC 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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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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