According to the study “Asia Below-Grade Waterproofing
Industry Situation and Prospects Research report”, below-grade waterproofing
market in Asia consists of a large number of vendors and is highly-fragmented. All
the leading vendors are increasingly focusing on creating strong brand names,
offering well-established products, and exhibit long-term reliability. The vendors
are increasingly competing against each other based on factors such as price,
features, and product quality. The leading vendors are BASF SE,
Carlisle Companies, GCP Applied Technologies, MAPEI S.p.A, Mineral
Technologies, RPM International and Sika AG.
Below-grade waterproofing materials are
subject to stringent water conditions that are typically more severe than any
other waterproofing materials. Construction structure elements of below-grade
are exposed to hydrostatic pressure from ground water tables that rise
significantly during heavy rainfall. These structures are protected from
the significant damage using below-grade waterproofing products. Asia’s
increasing growth in construction sector coupled with developing economies,
increasing global investments, high focus on the protection of buildings and
infrastructures from corrosion and other weather conditions, and increasing
demand for energy efficient building are the major growth drivers of the
below-grade waterproofing market.
Asia is witnessing a growing market for vegetative
roofing that will drive the growth prospects for below-grade waterproofing
market in the region. Vegetative roofs are also known as green roofs with various
components such as structural roof, root barrier, a waterproofing membrane,
drainage system, a lightweight growing medium, filter layer and plants. The
installation of green roofs with the incorporation of below-grade waterproofing
membranes and other components offer benefits such as retention and filtering
of rainwater, manage storm water, increasing the life of the roof by 2-3 times,
lowering heating and cooling costs, preserving habitat in an urban environment,
and improving the aesthetic views of buildings. The major trend in the
below-grade waterproofing market is the increasing use of crystalline
waterproofing membranes with advanced technology. Crystalline below-grade waterproofing
membranes reduced cracking, help in self-sealing, and provides a robust defense
against the corrosion of reinforcing steel that drives the below-grade
waterproofing market in Asia.
Below-grade waterproofing market in Asia is
categorized based on types such as polymers, bitumen, bentonite and rubberized
asphalt. Polymer below-grade waterproofing segment is expected to witness a
constant growth over the next few years. High synthetic polymer is produced to
support the rising population and urbanization. High-performance below-grade
waterproofing system is introduced so as to shift from bitumen to synthetic
polymers which will witness a drastic growth over the next few years. The varying
below-grade waterproofing products are used in commercial building, residential
building and public infrastructures. Increasing construction activities of high
rise buildings coupled with increasing preference of foundations and basements
are the major growth drivers of the commercial building segment in Asia. Based
on the membrane type, Asia’s below-grade waterproofing market is segmented into
sheet-based and liquid-coated. Sheet-based membrane will witness a robust
growth due to the increasing usage of breathable waterproofing membranes and
environmentally safe products will remain a major concern in the future. Below-grade
waterproofing market is segmented based on position type such as positive side,
negative side and blind side. The positive side will remain a dominant segment
due to its zero property line application.
The continuing growth in construction and
infrastructure sector in Asian economies such as China and India, are encouraging
the growth for below-grade waterproofing systems. Below-grade waterproofing is used
in prevention of seepage, leakage caused by water and moisture. Rise in industrialization
and urbanization has encouraged the growth of below-grade waterproofing
industry, which is likely to remain strong due to new constructions and refurbishment
of existing buildings. The increasing costs of raw materials and surge in labour
wages is expected to drive the for below-grade waterproofing market in the next
few years.
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