Asia Pacific Waterproofing Membrane Market

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 News

  • 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.
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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

Report ID: SQMIR15E2529

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