Asia Pacific waterproofing membrane market size may surpass 800 million square meters at the end of 2024. Population growth along with rising economic development has led rise in remodeling and renovation activities, which should boost construction spending in the region.
Sellbyville, DE -- (SBWIRE) -- 12/07/2018 -- The qualitative research study conducted by Global Market Insights, Inc. titled "APAC Waterproofing Membrane Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global APAC Waterproofing Membrane Market.
Asia Pacific Waterproofing Membrane Market size is set to surpass USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. Shift in consumer inclination towards use of durable & reliable material in construction of building structures along with increasing usage scope in wet area applications should favor Asia Pacific waterproofing membrane market size. Asia Pacific is witnessing swift growth in infrastructure development and rise in per-capita disposable income levels which should drive product demand.
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Asia Pacific waterproofing membrane market size may surpass 800 million square meters at the end of 2024. Population growth along with rising economic development has led rise in remodeling and renovation activities, which should boost construction spending in the region. Economic growth in India, China, and Southeast Asian countries have raised up demand for better infrastructure which is likely to boost product demand.
Asia Pacific waterproofing membranes market size from roofing applications expects sizable gains at over 9%. These systems are majorly used in roofing application owing to key properties which include texture, UV resistance, flexibility and durability. Liquid applied membranes are used for small roofing applications owing to application ease whereas sheet membranes are used for covering large areas owing to the ability to effectively cover cracks & gaps.
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Speaking along the similar lines, bituminous sheet membrane is one such product domain which is taking Asia Pacific waterproofing membrane market by storm. This is quite evident from the increasing number of initiatives undertaken by the market giants to expand their product portfolio in this particular business sphere. To cite a recent instance, ARDEX, one of the leading names in Asia Pacific waterproofing membrane market has recently expanded its product line with the introduction of two state-of-the art bituminous membranes namely ARDEX WPM 117 and ARDEX WPM 444.
Elaborating further about the acclaimed product range, ARDEX WPM 117 is completely a self -adhesive membrane endorsed with a plethora of benefits such as high resistance against alkalis, acids, and other pollutants, high hydraulic pressure resisting capacity, and self-seals on contact. On the other hand, ARDEX WPM 444 is an APP plastomeric type modified bitumen membrane, with excellent cold flexibility with a lower range of almost to -15°C. Undoubtedly, this strong product line would further strengthen ARDEX's position in Asia Pacific waterproofing membrane industry.
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Some of the other few giants involved in APAC waterproofing membrane industry include KCC Corporation, Dow Chemical, BASF SE, Samhwa Paints, Fosroc, and Maris Polymer. With regional players making lucrative investments in product differentiation, Asia Pacific waterproofing membrane market is forecast to exceed USD 3 billion by the end of 2024.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.