Asia Pacific Waterproofing Membrane Market to surpass 800 million square meters consumption by 2024
Date: 2018-12-13   Author: Rahul Varpe  Category: #market

Asia Pacific Waterproofing Membrane Market to surpass 800 million square meters consumption by 2024

Global Market Insights, Inc. adds a new Asia Pacific Waterproofing Membrane Market research report for the period of 2018-2024 focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

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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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.

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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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

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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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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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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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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