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

Q: What is the market size ofAsia Pacific Waterproofing Membrane Market?

Global 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).

Report ID: SQMIR15E2529 | Region: Regional | Published Date: February, 2024
Pages: 157 | Tables: 78 | Figures: 70

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.

Asia Pacific Waterproofing Membrane Market Report Snapshots

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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 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. '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)'

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.

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.

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.

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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

Asia Pacific Waterproofing Membrane Market Dynamics

Asia Pacific Waterproofing Membrane Market Report Snapshots

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