Press release
Asia Pacific Waterproofing Chemicals Market to reach US$ 22,858.7 Million in 2032, driven by growing interest in enhancing durability and resilience among buildings
Reports and Insights Business Research Pvt. Ltd.
According to the latest report by Reports and Insights, titled, "Asia Pacific Waterproofing Chemicals Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast" the global Asia PacificWaterproofing Chemicals market was valued at USD 13,985.1 million in 2024. Looking forward, Reports and Insights anticipates the market to expand at a compound annual growth rate (CAGR) of approximately 5.6% from 2024 to 2032.
The Asia Pacific waterproofing chemicals market is recording robust growth due to recent upsurge in construction activities and infrastructure projects coupled with growing interest in enhancing durability and resilience among buildings. With rapid urbanization and increased climatic effects, the demand for effective waterproofing to prevent water damage and leakage is rising. These are due to the growth of residential and commercial construction, infrastructure construction in terms of roads and bridges among others. Growth in waterproofing technology and rising awareness related to the benefits of waterproofing is an added advantage for market growth. Regional key players are focussing on new product formulation and sustainability solutions towards meeting emerging requirements of the construction industry.
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Asia Pacific Waterproofing Chemicals Market Trends
The waterproofing chemicals market within the Asia Pacific is gathering much momentum from rapid urbanization, infrastructure development, and growing construction activities. Key trends relate to improved coatings and liquid-applied membranes that offer enhanced protection along with improved application efficiency. On the other hand, growing demand for green solutions that are environmentally friendly will reflect higher regulatory standards and growing awareness over building maintenance. The market is growing due to the proliferation of emerging economies, notably in India, China, and Southeast Asia, which has a thriving construction sector. Integration of smart technologies and IoT for real-time monitoring and predictive maintenance is the future of waterproofing solutions that is being shaped in the region.
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The coatings and LAMs segment is estimated to grow at the fastest pace through the forecast period
The coatings and liquid-applied membranes segment is expected to dominate the Asia Pacific waterproofing chemicals market during the forecast period in terms of revenue, due to the increasing applications of the above-mentioned technologies in waterproofing for various residential, commercial, and industrial construction. With such coatings and LAMs, these indeed provide superior water ingress protection, ease of application, and adaptability to varied surfaces-all reasons these are so much in demand. With an increased focus on durability in buildings and more significant construction activities in the region, coatings and LAMs are in high demand and, thus, dictate the leadership position in the market.
The infrastructure segment accounted for the largest share in the Asia Pacific waterproofing chemicals market in 2023
Among the application segments, the infrastructure sector is projected to account for the largest revenue share in the Asia Pacific waterproofing chemicals market over the forecast period. The infrastructure segment is likely to be underlined by the growing demand for effective waterproofing against water-related damages and deterioration in critical infrastructures such as roads, bridges, tunnels, and dams. Due to more infrastructure development and renovation projects in the region, like urban expansion and transportation networks, the demand is quite high for waterproofing solutions that are effective as well as durable. The huge investment of the infrastructure sector in waterproofing solutions shows it holds a big share in revenue generated in the market.
The roofing and walls segment is expected to grow with highest CAGR during the forecast period of Asia Pacific waterproofing chemicals market
In Asia Pacific waterproofing chemicals market, the roofing and walls segment is expected to dominate in terms of revenue throughout the forecast period. This can be attributed to building roofs and walls requiring highly effective waterproofing in order to prevent ingress of water and potential damages, as such situation leads to structural issues and shortened lifespan of any building. Growth in construction and renovation, coupled with rising awareness related to waterproofing as an integral process that maintains integrity in buildings, propels the demand for advanced solutions in this segment. Thus, roofing and walls are likely to remain one of the main attention areas in terms of income generation within the market.
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India has registered fastest growth rate during the forecast period in Asia Pacific waterproofing chemicals market
During the forecast period, India has experienced the fastest growth rate in the Asia Pacific waterproofing chemicals market. This surge is fueled by the country's rapid construction and infrastructure development, urbanization, and a growing emphasis on improving building durability and resilience. The high demand for advanced waterproofing solutions is driven by extensive residential and commercial construction projects, along with substantial investments in infrastructure development.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
* BASF SE
* Mapi S.p.A.
* Wackr Chmi AG
* Evonik Industris
* Sika AG
* H.B. Fullr
* Pidilit Industris Limitd
* RPM Intrnational Inc.
* Clvcon Co. Ltd.
* Dribond Construction Chmicals
* Carlisl Coatings & Watrproofing Co. Ltd.
The report has segmented the market based on technology, chemistry, application, end-user and regions.
By Tchnology
* Prformd Mmbran
* Coatings & LAMs
* Intgral Systms
By Chmistry
* Bitumn
* Elastomrs
* PVC
* TPO
* EPDM
By Application
* Roofing & walls
* Floors & basmnts
* Wast & watr managmnt
* Tunnl linrs
* Othrs
By End Usr
* Commrcial Sctor
* Rsidntial Sctor
* Infrastructur Sctor
* Industrial Sctor
* Othrs
By Sals Channl
* Dirct Sals
* Rtail Stors
* Distributors and Wholsalrs
* Onlin
Browse Other Reports by Reports and Insights:
[https://www.reportsandinsights.com/report/asia-pacific-pouch-cells-market]
[https://www.reportsandinsights.com/report/asia-pacific-floating-power-plant-market]
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