Asia Pacific Waterproofing Membranes Market Size & Outlook
The waterproofing membranes market in Asia Pacific is expected to reach a projected revenue of US$ 13,769.2 million by 2030. A compound annual growth rate of 8.2% is expected of Asia Pacific waterproofing membranes market from 2023 to 2030.
Asia Pacific waterproofing membranes market highlights
The Asia Pacific waterproofing membranes market generated a revenue of USD 7,435.3 million in 2022.
The market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
In terms of segment, liquid applied membrane was the largest revenue generating segment in 2022.
Liquid Applied Membrane is the most lucrative segment segment registering the fastest growth during the forecast period.
Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
Market revenue in 2022
USD 7,435.3 million
Market revenue in 2030
USD 13,769.2 million
Growth rate
8.2% (CAGR from 2023 to 2030)
Largest segment
Liquid applied membrane
Fastest growing segment
Liquid Applied Membrane
Historical data covered
2018 - 2021
Base year for estimation
2022
Forecast period covered
2023 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Liquid Applied Membrane, Sheet Membrane
Key market players worldwide
Basf SE, Kemper System America, Inc., Standard Industries, Paul Bauder GmbH & Co. KG, Fosroc, Isomat, Bayer AG, CICO, ALCHIMICA
Other key industry trends
In terms of revenue, Asia Pacific region accounted for 32.1% of the global waterproofing membranes market in 2022.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 13,769.2 million by 2030.
Asia Pacific is anticipated to be the fastest growing market for waterproofing membranes in terms of revenue. Rising industrialization coupled with growing infrastructure development in India and China is expected to propel market growth.
In addition, rising roofing, waste management industry is driving the market growth in this region. Use of waterproofing membrane for mining application is further expected to fuel growth in Asia Pacific.
Asia Pacific Waterproofing Membranes Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Waterproofing Membranes Market Outlook will help companies and investors design strategic landscapes.
Liquid Applied Membrane was the largest segment with a revenue share of 69.3% in 2022.
Horizon Databook has segmented the Asia Pacific waterproofing membranes market based on liquid applied membrane, sheet membrane covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is anticipated to be the fastest growing market for waterproofing membranes in terms of revenue. Rising industrialization coupled with growing infrastructure development in India and China is expected to propel market growth.
In addition, rising roofing, waste management industry is driving the market growth in this region. Use of waterproofing membrane for mining application is further expected to fuel growth in Asia Pacific.
Asia Pacific Waterproofing Membranes Market Segment Outlook (Revenue, USD Million , 2021-2033)
Liquid Applied Membrane
Sheet Membrane
Asia Pacific Waterproofing Membranes Market End Use Outlook (Revenue, USD Million , 2021-2033)
Roofing
Walls
Building Structures
Landfills & Tunnels
Others
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Asia Pacific Waterproofing Membranes Market, 2021-2033 (US$M)