APAC Waterproofing Membrane Market demand to exceed $3.4 bn by 2025

Published Date: November 27, 2019

Asia Pacific Waterproofing Membrane Market size will cross USD 3.4 billion by 2025; according to a new research report by Global Market Insights Inc.

Waterproofing membranes are the form of thin layers which prevent substrate from coming in contact with water that are widely used under tiles in terraces, swimming pools, water tanks, and bathrooms. Growing waterproofing requirement to solve leakage problems in industries and offices should accelerate the market growth.

The ability to protect underground substrates to stimulate liquid membrane market growth

In Asia Pacific, liquid applied membrane market segment witnessed a consumption of over 350 million sq. mtrs. in 2018. Bitumen solvent based liquid membranes are highly elastic and easy to use which makes them ideal for waterproofing floors & foundations along with the restoration of slated & bituminous membranes. They are also used to waterproof hard-to-reach vertical & horizontal concrete supports such as terrace details, baths, roofs and slabs which should augment market demand.

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Polymer modified cementitious membranes allow convenient application on the substrate and are well-suited for underground water tanks, deck areas, basements, balconies, retaining walls & apartments. They are applied on surfaces which are vulnerable to vibration, movement, shrinkage, crack formation and difficult to adhere to which should promote market demand.  Asia Pacific water storage tank market size surpassed USD 3.5 billion in 2017 owing to rising water scarcity and growing requirement for water storage which will further boost the APAC waterproofing membrane market growth.

Browse key industry insights spread across 480 pages with 419 market data tables and 51 figures & charts from the report, “Asia Pacific Waterproofing Membrane Market Size By Product (Sheet Membranes {Bitumen, EPDM, TPO, PVC}, Liquid Membranes {Bitumen Solvent, Bitumen Waterbase, Polymer Modified Cement, Polyacrylic, Rapid Cure System, 1K PU Solvent, 2K PU Solvent, PU Bend Acrylic}, By End-Use (Roof, Deck & Terrace, Car Park Deck, Garden Roof, Wall, Landfill & Tunnel, Wet Area, Pool, Basement), Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/asia-pacific-waterproofing-membrane-market

Effective leakage prevention to drive Asia Pacific waterproofing membrane market demand from pool end-use segment

Waterproofing membranes helps protect concrete in pools and ensures a long service life of the pool structure. It shields the concrete surface from the adverse effects of pool chemicals and prevents groundwater ingress through the pool shell. These membranes create a suitable surface which allows the application of an appropriate finish or top coating in swimming pools such as tiles or ceramic.

Waterproofing membranes offer the capability of identifying leaks in pools and creating a continuous membrane without joints, thereby reducing the possibility of leakage. They prevent the crack formation and helps in filling cracks created by structural movements thereby preventing water ingress. They also prevent water penetration into pools when groundwater or hydrostatic pressure is present thus protecting internal finishes such as pebblecrete or tiles which will boost its market size.

Building renovation to stimulate market growth in India

India waterproofing membranes market demand is predicted to witness significant growth owing to increasing trend of urban redevelopment, renovation and housing market growth. These products are crucial for renovating basements to prevent water from seeping through gaps and cracks in the foundation. Waterproofing membranes play an essential role in renovating wet areas such as bathrooms prior to renovation as they ensure water tightness for long periods. They are suitable for various surfaces such as cement screeds, concrete, tiles, dry screed, wood & plasterboard which represents healthy market opportunities.

India waterproofing membrane demand should register over 11% gains by 2025. Membrane manufacturers in the country are increasingly developing new products by fusing & crosslinking polymer composites to obtain high performance membranes & accelerate market share. The region is witnessing the revival of delayed infrastructure projects and favorable policies to attract foreign direct investment in the real estate market share. India real estate market size surpassed USD 120 billion in 2017 pertaining to growing demand for infrastructure which represents substantial market opportunities.

Waterproofing membrane manufacturers in Asia Pacific are focused on new product development to meet specific customer demands and achieve market growth. The major industry players are Chryso SAS, Pentens, Carlisle, Mapie, CICO Technologies, Fosroc, Pidilite, Covestro, DuPont, BASF, Sika AG, Dyflex, Maris Polymer, Tremco and Dow Chemicals.