USD 9.70 Billion
Asia Pacific Waterproofing Membrane Market Size, Share, Growth Analysis, By Product(Sheet Membranes {Bitumen, EPDM, TPO, PVC]), By End-user(Roof, Deck & Terrace, Car Park Deck, Garden Roof), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR15E2529 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|Tables:
78
|Figures:
70
Asia Pacific Waterproofing Membrane Market Insights
Asia Pacific Waterproofing Membrane Market size was valued at USD 9.70 Billion in 2022 and is poised to grow from USD 10.2 Billion in 2023 to USD 17.2 Billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).
The Asia Pacific waterproofing membrane marketplace is showing constant growth due to increasing production activities throughout the region. This growth may be attributed to the rising demand for waterproofing solutions in residential and business construction initiatives.
As urbanization continues to grow, there's a developing want to guard homes and structures from water harm, that's driving the adoption of waterproofing membranes. Additionally, environmental issues and rules have brought about the development of green and sustainable waterproofing answers, in addition influencing marketplace dynamics. The aggressive panorama is characterized by numerous key gamers striving to innovate and provide superior merchandise to cater to the diverse desires of the construction industry within the Asia Pacific location.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Sheet Membranes
Fastest Growth
Sheet Membranes
Growth Rate
5.2% CAGR
Asia Pacific Waterproofing Membrane Market ($ Bn)
Country Share of China Region (%)
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Asia Pacific Waterproofing Membrane Market Segmental Analysis
The Asia Pacific waterproofing membrane market is segmented on the basis of product, source, application, and region. Based on product the market is segmented as sheet membranes (bitumen, EPDM, TPO, PVC), liquid membranes (bitumen solvent, bitumen water base, polymer modified cement, polyacrylic, rapid cure system, 1k pu solvent, 2k pu solvent, pu bend acrylic). On the basis of end-user the market is segmented as roof, deck & terrace, car park deck, garden roof, wall, landfill & tunnel, wet area, pool, basement. Based on region, the market is segmented into China, India, Japan and Australia.
Analysis by Product
Sheet membranes, particularly bitumen sheet membranes, currently dominate the waterproofing membrane market in the Asia Pacific region. Bitumen sheet membranes are widely used due to their reliability, ease of installation, and cost-effectiveness. Their ability to provide durable waterproofing solutions makes them a preferred choice for various construction applications.
However, liquid membranes, specifically polymer modified cement and polyacrylic liquid membranes, are experiencing rapid growth in the Asia Pacific waterproofing membrane market. This growth can be attributed to their versatility and adaptability to various surfaces, including concrete, metal, and even irregular substrates. Additionally, the demand for environmentally friendly and sustainable waterproofing solutions is driving the popularity of liquid membranes, as they often have low VOC content and offer excellent waterproofing performance, making them a preferred choice for modern construction projects in the region.
Analysis by End-user
Among the listed end-user segments, the roof category is currently dominating the Asia Pacific waterproofing membrane market. Roofs are critical components of both residential and commercial buildings, and the need for reliable waterproofing solutions to protect structures from water damage and leakage makes this segment the largest consumer of waterproofing membranes.
Moreover, the garden roof segment is emerging as the fastest-growing end-user category in the Asia Pacific waterproofing membrane market. This growth can be attributed to the increasing trend towards green and sustainable building practices. Garden roofs, which incorporate vegetation, require specialized waterproofing to maintain their integrity, thereby driving demand for waterproofing membranes in this segment. Additionally, the environmental benefits associated with garden roofs are fueling their adoption and, consequently, the need for waterproofing solutions in this application.
Asia Pacific Waterproofing Membrane Market by Product
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Asia Pacific Waterproofing Membrane Market Regional Insights
China currently dominates the Asia Pacific waterproofing membrane market. Its robust construction sector, driven by rapid urbanization and infrastructure development, has significantly contributed to this dominance. China's vast market size and the high demand for waterproofing solutions in various construction projects have made it a prominent player in the region.
However, India is emerging as the fastest-growing market in the Asia Pacific region for waterproofing membranes. This growth can be attributed to India's increasing investments in infrastructure development, affordable housing initiatives, and a growing awareness of the importance of waterproofing in construction. Moreover, favorable government policies and a surge in commercial and residential construction projects have boosted demand, making India a key growth hotspot in the waterproofing membrane sector.
Asia Pacific Waterproofing Membrane Market by Geography
- Largest
- Fastest
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Asia Pacific Waterproofing Membrane Market Dynamics
Drivers
Urbanization and Infrastructure Development
- One significant driver for the Asia Pacific waterproofing membrane market is the rapid urbanization and infrastructure development across the region. As more people move to urban areas, there is a surge in construction activities, including residential and commercial buildings, roads, bridges, and other infrastructure projects. This increased construction necessitates effective waterproofing solutions to protect structures from water damage, thereby fueling the demand for waterproofing membranes.
Restraints
Environmental Concerns and Regulations
- An important restraint in the Asia Pacific waterproofing membrane market is the growing environmental consciousness and stringent regulations regarding construction materials. As sustainability becomes a paramount concern, manufacturers face challenges in producing eco-friendly and low-impact waterproofing solutions that comply with environmental standards. Meeting these requirements while maintaining performance characteristics can pose a restraint on the industry's growth.
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Asia Pacific Waterproofing Membrane Market Competitive Landscape
The competitive landscape of the Asia Pacific waterproofing membrane market is characterized by intense rivalry among several prominent players in the industry. These companies are constantly engaged in research and development activities to innovate and introduce advanced waterproofing solutions.
Market players are also focusing on expanding their product portfolios to cater to diverse construction needs, ranging from residential to commercial and industrial projects.
Additionally, strategic collaborations, mergers, and acquisitions are frequently witnessed as companies seek to strengthen their market presence and gain a competitive edge. As the market continues to evolve, competition is likely to intensify, driving further innovation and product development in the waterproofing membrane sector.
Top Player’s Company Profiles
- Nippon Paint Holdings Co., Ltd. (Japan)
- Asia Coatings Paints Private Limited (India)
- Sika AG (Singapore)
- Bostik (Singapore)
- Mapei S.p.A. (Singapore)
- Tremco Incorporated (Singapore)
- BASF SE (Singapore)
- W.R. Grace & Co. (Singapore)
- Henkel AG & Co. KGaA (Singapore)
- Dow Chemical Company (Singapore)
- DuPont de Nemours, Inc. (Singapore)
- Saint-Gobain S.A. (Singapore)
- Jindal Poly Films Ltd. (India)
- Garware Polyester Ltd. (India)
- Astral Pipes Ltd. (India)
Recent Developments
- In March 2023, Sika AG announced its acquisition of Hong Kong-based waterproofing membrane manufacturer, Everbuild Chemical Industries Limited. The acquisition is expected to strengthen Sika's position in the Asia Pacific waterproofing membrane market.
- In April 2023, BASF SE launched its new sustainable waterproofing membrane, the MasterSeal NP 180. The membrane is made from recycled materials and is designed to reduce the environmental impact of waterproofing projects.
- In May 2023, Mapei SpA announced the launch of its new liquid-applied waterproofing membrane, the Mapei Mapelastic AquaDefense. The membrane is designed to provide a seamless and waterproof barrier against water and moisture.
- In June 2023, Nippon Paint Holdings Co., Ltd. announced the launch of its new waterproofing membrane, the Nippon Paint Eternacoat. The membrane is designed to be highly durable and resistant to extreme weather conditions.
- In July 2023, GCP Applied Technologies Inc. announced the launch of its new waterproofing membrane, the GCP Preprufe NP 150. The membrane is designed to be easy to install and provides excellent protection against water and moisture.
Asia Pacific Waterproofing Membrane Key Market Trends
- Growing Adoption of Eco-Friendly Waterproofing Solutions : One major key market trend in the Asia Pacific waterproofing membrane sector is the increasing adoption of eco-friendly and sustainable waterproofing solutions. Environmental concerns and stringent regulations are driving construction companies and consumers towards environmentally responsible building practices. As a result, there is a growing demand for waterproofing membranes that are not only effective but also have a lower environmental impact, leading to the development and use of innovative, eco-friendly materials and technologies in the market.
Asia Pacific Waterproofing Membrane Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to Asia Pacific waterproofing membrane market analysis, the market is currently experiencing steady growth, fueled by robust construction activities in the region. Rapid urbanization, infrastructure development, and a growing awareness of the importance of waterproofing solutions are key drivers. China dominates the market due to its extensive construction sector, while India is emerging as the fastest-growing market. However, the industry faces challenges in meeting environmental regulations while delivering high-performance products. Looking ahead, the Asia Pacific waterproofing membrane market is poised for continued expansion. The increasing focus on sustainable and eco-friendly solutions will drive innovation in materials and technologies. Market players are likely to invest heavily in research and development to develop products that meet environmental standards without compromising performance. Moreover, as urbanization persists, the demand for waterproofing solutions will remain robust, with India and other emerging economies playing a pivotal role in shaping the market's trajectory. Collaborations, mergers, and acquisitions will also be prominent strategies as companies seek to gain a competitive edge in this evolving landscape.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.70 Billion |
| Market size value in 2031 | USD 17.2 Billion |
| Growth Rate | 5.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Asia Pacific Waterproofing Membrane Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Asia Pacific Waterproofing Membrane Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Asia Pacific Waterproofing Membrane Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asia Pacific Waterproofing Membrane Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asia Pacific Waterproofing Membrane Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asia Pacific Waterproofing Membrane Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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