In the anticipated time frame, the market for waterproofing membranes is anticipated to expand positively. The market for waterproofing membranes in India will grow as a result of increased product awareness, high-end project demand, green building material use, government attention to infrastructure development, and expanding Tier 2 and Tier 3 development.
Opportunities in the residential and non-residential construction sectors offer hope for the waterproofing membrane market in India in the future. Construction activity increase and the affordability of waterproofing membranes are the main market growth drivers. Developing trends, such as the expanding usage of breathable waterproofing membrane and eco-friendly materials, directly affect the dynamics of the waterproofing membrane sector. Due to their excellent tensile strength and climate adaptability, waterproofing membranes can be used for walls and roofing of buildings. They also provide fire resistance qualities and aid in enhancing flow resistance at high temperatures. As it has better waterproofing properties, modified bitumen is also utilized in roofing. They are always completely attached and typically installed as two-ply systems. Asphalt that has modifiers added to it to give it plastic or rubber-like qualities and increase its durability is known as modified bitumen. Increased resistance to brittleness, cold temperatures, improved elasticity, and increased strength are all provided by the modifiers. It has six fundamental layers that can be combined in a variety of other ways. Because of these reasons, the demand for waterproofing membranes in roofing applications is projected to increase as a result of such factors.
The global lockdown brought about by the COVID-19 Virus pandemic's start had a big impact on the building and construction sector. Construction and infrastructure development projects were abruptly stopped as a result of the rules put in place during the lockdown. The market was hindered by problems with the supply chain, a fall in production rates, restrictions on the movement of people and goods, and disturbances in trade. Lower demand for the commodity was caused by the cessation of development, construction, and renovation operations. Nonetheless, the growing incidence of COVID-19 cases created the need for new healthcare facilities, hospitals, and institutes, which stabilized the market. The market impact of this pandemic will be slowed by government efforts to build modular healthcare facilities.
India 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 such as; Asian Paints Limited, BASF, Chryso India, CICO Technologies Limited, Fosroc Chemical India, GCP Applied Technology India, Mapie India, Pidilite Dr. Fixit, Shalimar Tar Products Limited, Sika India.
India Waterproofing Membrane Market Segmentation:
By Material: Based on the Material, India Waterproofing Membrane Market is segmented as; Bitumen, EPDM (Ethylene Propylene Diene Monomer), Polyurethane, PVC (Polyvinyl Chloride), TPO (Thermoplastic Polyolefin), Others.
By Membrane Type: Based on the Membrane Type, India Waterproofing Membrane Market is segmented as; Liquid Membrane, Sheet Membrane.
By Type of Roof Construction: Based on the Type of Roof Construction, India Waterproofing Membrane Market is segmented as; New Construction, Repair/Renovation.
By Application: Based on the Application, India Waterproofing Membrane Market is segmented as; Basement & Foundation, Building Structures, Landfill & Tunnel, Roof & Terrace, Walls & Flooring, Waste & Water Management, Others.
By End User: Based on the End User, India Waterproofing Membrane Market is segmented as; Infrastructure, Real Estate and Industrial, Others.
By Region: With strong product awareness, a long rainy season, and high project development in Bangalore, Chennai, Hyderabad, and other cities, the demand for waterproofing materials was highest in the south. East had the lowest demand for waterproofing materials, while the North area had the second-highest demand.
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.