The report further claims that the consumption growth is seen to be maximum in China, where in 1990 the consumption was 27 quad and in 2010 it was 104.6 quad.
Sellbyville, DE -- (SBWIRE) -- 06/17/2019 -- The factor that is providing a significant impetus to Asia Pacific waterproofing membrane market is the inevitable requirement of maintaining the building sustainability. Statistics gathered so far further validates the fact. As per Buildings Energy Data Book, global energy consumption in the building sector has increased dramatically over the past two decades, spanning a range from 348.4 quad to 522 quad over 1990-2010.
The report further claims that the consumption growth is seen to be maximum in China, where in 1990 the consumption was 27 quad and in 2010 it was 104.6 quad. In fact, in 2010, China accounted for the largest fraction (20%) of the global energy consumption. Set against the backdrop of such an alarming scenario, green buildings with 'zero carbon emission' turned out to be two of the most impressive trends in APAC construction sphere, which by extension has also proliferated Asia Pacific waterproofing membrane market dynamics.
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China has made lucrative contribution toward APAC waterproofing membrane market. Under China building code, domestic areas which are prone to leakage such as drainage pipes, kitchen, bathrooms, and septic tanks should be equipped with proper leakage prevention facilities and efficient drainage system – a fundamental reason behind the relentless proliferation of the regional waterproofing membrane market.
To speak of product landscape, EPDM and bituminous sheet membrane are gaining popularity in China for roofing applications, subject to their excellent abrasion and adhesion resistance properties. In fact, estimates claim, China bituminous sheet waterproofing membrane industry would exceed a valuation of USD 250 million by the end of 2024.
The inherent quest of environmental competence in today's construction space has definitely left an impact on Asia Pacific waterproofing membrane market. 'Green roofs' has of late, become one of the most acclaimed reference terms in APAC construction community, primarily backed by the growing concerns over resource limitation and environmental degradation. In this regard, various initiatives undertaken by international construction agencies like BIS, National Building Waterproofing Association, to promote effective leakage prevention in building infrastructures has undoubtedly provided a significant push to APAC waterproofing membrane market. Basically, these organizations help in spreading awareness regarding the benefits of using waterproof membranes, and put forth some of the building standards for streamlining contaminants, construction groundwater, and soil gases.
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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.
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.
The Asia Pacific Waterproofing Membrane market report offers detailed competitive landscape of the global market. It includes companies, industry statistics, market share analysis and product portfolio of the major industry participants. The report provides detailed segmentation of the Asia Pacific Waterproofing Membrane market based on product, technology, end user and region.
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Asia Pacific waterproofing membrane market share is competitive and fairly fragmented with some major industry participants including, Mapie, BASF Se, Sika AG, Tremco, Dow Chemical, Covestro, Maris Polymer, Fosroc and KCC corporation.
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