Press release
Asia Pacific Waterproofing Membrane Market 2020-2025: Detail Analysis by top key players like Fosroc Ltd., BASF SE, Covestro (Bayer AG), Dow Chemical Company, Sika AG
Asia Pacific Waterproofing Membrane Market
The increasing government investment for commercial construction projects along with significant technological advancement in the construction industry is driving the market.
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The market demand for polyacrylic waterproofing membranes is increasing in Asia Pacific on account of benefits associated with the products such as protection of walls & terraces, strength, preservation and crack sealing.
The increasing focus on developing commercial, transportation and industrial facilities in Japan non-residential construction market is expected to boost industry growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Carlisle Companies Inc.
o Mapei
o Ardex GmbH
o Chryso S.A.S.
o Asia Mortar
o EP Borneo Sdn. Bhd.
o Tremco Inc.
o Fair Mate
o Polymer Technologies Pte. Ltd.
o Pentens Ind. Corp.
o Oriental Yuhong
o Kangnam Chemical Co. Ltd.
o Samhwa Paints Industrial Co. Ltd.
o KCC Corporation
o Dyflex HD Co. Ltd.
o Maris Polymer
o Uniseal
o Inter Aneka Lestari Kimia
o PT
o Pidilite Industries Ltd.
o BASF SE
o Covestro (Bayer AG)
o Dow Chemical Company
o Fosroc Ltd.
o Sika AG
Significant population growth, increasing urbanization and substantial infrastructure development in China and India should create numerous opportunities for the market growth.
Increase in the working population has led to growing requirement for durable & high strength public infrastructure such as airports, bridges, industries and institutions which is the major contributing factor for construction market growth in the region.
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The improper application of waterproofing membranes can lead to various defects such as uneven coloring, craters, surface pinholes, delamination, uncured wet areas and blisters which act as weak areas during the membrane's service life.
The effectiveness of waterproofing membranes is heavily dependent on the quality of substrate preparation and the raw materials used in their manufacture which limits the Asia Pacific waterproofing membrane industry expansion.
Growth Drivers are -
o Construction industry growth in Asia Pacific
o Increasing concerns towards waste & wastewater management
o Cost effective solutions delivered from waterproofing membranes
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Several market leaders are engaged in developing new waterproofing membranes to offer innovative solutions and exploit the rising preference for elastomeric waterproofing products. Various market players are focusing on technological innovations to improve product properties and ensure sustainability. Most manufacturers are also adopting strategic acquisitions to ensure Asia Pacific waterproofing membrane market expansion.
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