Waterproofing systems are protective layers applied to a structure or surface to keep water out and prevent damage. They are used in many places, including basements and foundations, roofs, and around windows and doors. Membrane systems, coatings, and sealants are common materials used in waterproofing systems. The need to protect buildings from water damage and ensure that they remain structurally sound over time drives the demand for these systems. The Southeast Asia waterproofing systems market is estimated to grow from 3.03 Billion in 2016 to 5.35 Billion by 2021, at a CAGR of 14.52%.
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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.
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.
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.
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
