Press release
Asia Pacific Waterproofing Membrane Market to Witness Huge Growth by 2024 | Leading Key Players: BASF SE, Dow Chemical, Covestro, Pidilite Industries,Sika AG & More
Waterproofing Membrane
Asia Pacific Waterproofing Membrane Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.
Asia Pacific Waterproofing Membrane Market is set to surpass USD 3 billion by 2024; according to a new research report. 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. 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 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 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.
China bituminous sheet waterproofing membranes market 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.
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Asia Pacific waterproofing membranes market 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.
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.
Table of Content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Asia Pacific Waterproofing Membrane Industry Insights
Chapter 4 Asia pacific Waterproofing Membrane Market, By Product
Chapter 5 Asia pacific Waterproofing Membrane Market, By End-Use
Chapter 6. Asia Pacific Waterproofing Membrane Market, By Country
Chapter 7. Company Profiles
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Related Reports: -
Asia-Pacific Sheet Waterproofing Membrane Market Report 2018
In this report, the Asia-Pacific Sheet Waterproofing Membrane market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/asia-pacific-sheet-waterproofing-membrane-market-report-2018/?utm_source=RR-PSR
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