Sellbyville, DE -- (SBWIRE) -- 10/30/2018 -- GMI presents a most up-to-date research on "Asia Pacific Waterproofing Membrane Market – Global Industry Analysis, Size, Share, Product (Sheet Membranes [Bitumen, EPDM, TPO, PVC], Liquid Applied Membranes [Bitumen Solvent, Bitumen Waterbased, Polymer Modified Cement, Polyacrylic, Rapid Cure System, 1K PU Solvent, 2K PU Solvent, PU Blend Acrylic]), Growth Potential, Trends Statistics, Regional Outlook (China, India, Japan, Taiwan, South Korea, Thailand, Malaysia, Singapore, Philippines, Vietnam, Indonesia, Australia) and Forecast 2017 – 2024".

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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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.

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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.

About Global Market Insights:
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.

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