The Southeast Asia waterproofing systems market is experiencing robust growth, fueled by rapid urbanization, infrastructure expansion, and a growing awareness of the importance of waterproofing in construction.
Southeast Asia Waterproofing Systems Producers:
The key players in the Southeast Asia waterproofing market include Carlisle Companies Inc. (U.S.), Soprema Group (France), The Dow Chemical Company (U.S.), W.R. Grace & Co (U.S.), BASF SE (Germany), Johns Manville (U.S.), Pidilite Industries (India), Fosroc International Ltd. (U.K.), Mapei S.p.A (Italy), Firestone Building Products (U.S.), SIKA AG (Switzerland),), GSE Environmental (U.S.), GAF Material Corporation (U.S.) and others.
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Booming Construction Industry: Countries like Singapore, Malaysia, Indonesia, Thailand, and Vietnam are witnessing a surge in residential, commercial, and industrial construction projects. Waterproofing solutions are essential in tropical regions prone to heavy rainfall and high humidity levels.
Renovation and Retrofitting: The renovation of existing buildings is also driving demand for waterproofing systems to address issues such as leakage, seepage, and dampness, thereby extending the lifespan of structures.
Technological Advancements: Manufacturers are introducing advanced waterproofing materials with improved durability, flexibility, and eco-friendliness. Liquid-applied membranes, waterproofing admixtures, and pre-formed membranes are gaining popularity.
Awareness and Adoption: Increasing awareness about the long-term cost savings associated with preventive maintenance is encouraging industries like real estate, infrastructure, healthcare, and transportation to invest in high-quality waterproofing solutions.
Regulatory Support: Favorable regulations promoting sustainable construction practices emphasize the importance of waterproofing for building resilience and environmental mitigation. This encourages stakeholders to prioritize waterproofing in their projects.
Challenges and Opportunities: Challenges include price volatility of raw materials and competition among vendors. Addressing these requires collaboration to develop training programs and standards for quality assurance.
Bitumen: The largest type segment for waterproofing chemicals
Bitumen is the most common type of waterproofing chemical used. It is extensively used in preformed membranes and coatings & LAMs as bitumen waterproofing membrane. Bituminous membranes and coatings offer exceptional waterproofing properties, and have high toughness, high resistance to water leakages, and excellent resistance to UV light. Increased government investments in commercial building & construction projects are driving the demand for waterproofing system/technology, which in turn drives the demand for bitumen, globally.
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TPO: Fastest-growing market for preformed membranes
TPO membranes ensure high flexibility; cost-effectiveness; energy efficiency; durability; high resistance to UV light, ozone, and chemical exposure; low labor requirement; high strength; and environmental sustainability. These factors make it more preferable than other single ply roofing membranes. Therefore, it is the fastest-growing segment among other membranes in Southeast Asia. These membranes are gaining acceptance owing to their excellent performance and installation advantages.
Vietnam: The largest market for waterproofing in Southeast Asia
Southeast Asia, including Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Vietnam, has always been a strong market for waterproofing. It leads the waterproofing market with respect to demand as well as consumption. In Southeast Asia, the growth of construction activities, especially in Vietnam, is an important indicator for the waterproofing demand.
