Sellbyville, DE -- (SBWIRE) -- 05/28/2019 -- Global Market Insights recently introduced new report on global Asia Pacific Waterproofing Membrane market with an in-depth study providing complete analysis of the industry size, share and statistics for the period 2019 to 2023. It also provides complete overview of Asia Pacific Waterproofing Membrane industry considering all the major industry trends, market dynamics and competitive scenario.

Asia Pacific waterproofing membrane market should register significant growth at over 8.5% by 2024. Increasing number of working demographics accompanied by rising population should fuel product demand. Rise in need for high strength, leakage proof and durable public infrastructures projects such as airports, dams, institutions, industries, and bridges mainly in India and China has led to use of high quality building materials and waterproofing technology, thereby promoting regional industry growth.

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Positive indicators towards construction industry application supported by increase in demand for reliable and durable construction materials to ensure building quality may drive Asia Pacific waterproofing membrane market size. High investments in restructuring and renovation projects along with growing public infrastructural development should favorably impact industry growth.

Supporting regulatory norms pertaining to green building to reduce environmental impact supported by increasing construction spending owing to rise in living standards may boost product demand. Shifting consumers inclination towards green roof to maintain good internal environment is likely to favor waterproofing membrane market growth.

Easy accessibility of raw materials accompanied with technological advancements which exerts additional benefits including high UV resistance, vapor permeability, flexibility and ease of application may positively favor industry growth. Polyurethane, PVC, EPDM and TPO are major raw materials used in production process. However, fluctuating crude oil prices may impact waterproofing membrane market price trend.

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Asia Pacific waterproofing membrane market from basement application is anticipated to exceed USD 545 million up to 2024. Basements and underground structures are prone to water ingression and logging which may damage building structure. These membranes possess insulation properties and are durable in severe water penetration which may fuel product demand.

Wet area application should witness strong gains owing to strict building codes and standards pertaining to wet areas including kitchen, drainage systems, pipelines, seepages and bathroom is likely to favor waterproofing membrane industry growth.

India EPDM waterproofing membrane market is anticipated to show growth rate at over 10% up to 2024. It is durable synthetic membranes which is recommended by architectures and contractor for roofing. Prevailing issues regarding ageing and deteriorating construction which may cause further leakage problem damaging building structures may drive regional growth.

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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