Asia Pacific Waterproofing Membrane Market Share, Trends, Demand, Revenue, Key Players, Growth Drivers, Challenges and Future Opportunities Till 2033


Asia Pacific Waterproofing Membrane Market Share, Trends, Demand, Revenue, Key Players, Growth Drivers, Challenges and Future Opportunities Till 2033: SPER Market Research

 Category : Chemical & Materials

 Published: Jun-2024
 Author: SPER Analyst

Asia Pacific Waterproofing Membrane Market is projected to be worth USD 19.11 billion by 2033 and is anticipated to surge at a CAGR of 5.41%.

Waterproof membranes are thin layers of material that prevent water from penetrating structures like buildings, bridges, and tunnels. These membranes are often formed of water-light materials such as bitumen, rubber, or plastic and are applied to surfaces to form a barrier that keeps water out. They are widely utilised in water-prone places like basements, roofs, and foundations. Waterproofing membranes are useful due to their flexibility, durability, and resistance to UV radiation and chemicals. They are also simple to install and maintain, making them an attractive option for waterproofing applications.

Asia Pacific Waterproofing Membrane Market Driving Factors and Challenges

Drivers: Increasing Investments in the Building Industry: The demand for waterproofing membranes is mostly driven by massive investments made in the construction industry in developing nations like Thailand and Vietnam. Building and infrastructure development is booming in the construction industry as a result of population increase, fast urbanisation, and strong economic growth. There is an increased emphasis on using premium waterproofing solutions as a result of governments and private investors making larger investments in the construction industry. They could contribute to improving the performance and lifespan of these investments. As a result, there is now a greater need for waterproofing chemicals and solutions that can successfully handle the unique waterproofing needs of various construction projects.

Challenges: The waterproofing membrane market has numerous challenges to expansion, including regulatory compliance issues and fluctuating raw material costs. Regulatory compliance is a significant challenge for waterproofing membrane manufacturers since they must adhere to numerous laws and standards established by governments and industry associations. These rules can be complex and differ by country, making it difficult for manufacturers to comply. Regulation violations may lead to penalties, legal action, and reputational harm. Another challenge for the waterproofing membrane sector is fluctuating raw material costs. Raw material costs, such as polymers and additives, may vary due to supply and demand movements, currency fluctuations, and geopolitical events.

Impact of COVID-19 on Asia Pacific Waterproofing Membrane Market
The pandemic has brought residential and business construction to a stop. The demand for waterproofing membranes in this sector is predicted to be low to medium during the crisis. Major challenges include order shipment delays, supply chain restrictions, workforce and equipment shortages, and material shortages. Following the end of the crisis, the market is expected to recover, with demand for waterproofing membranes increasing. The epidemic has boosted the demand for construction operations in the healthcare sector. A surge in demand for new hospitals and care facilities has offered some stability to the construction industry, propelling the waterproofing membranes market.

Asia Pacific Waterproofing Membrane Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Dow chemical, BASF, Sika AG, DuPont, Covestro, Pidilite, Fosroc, CICO Technologies, Mapie, Chryso SAS, Carlisle, Pentens, Tremco, Maris Polymer, Dyflex.

Asia Pacific Waterproofing Membrane Market Segmentation:

By Product: Based on the Product, Asia Pacific Waterproofing Membrane Market is segmented as; Sheet Membranes, Liquid Membranes.

By End Use: Based on the End Use, Asia Pacific Waterproofing Membrane Market is segmented as; Roof, Deck & Terrace, Car Park Deck, Garden Roof, Wall, Landfill & Tunnel, Wet Area, Pool, Basement.

By Region: This research includes data for China, Japan, India, South Korea, Australia, Indonesia, Others.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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