Single-ply Membrane Market Size (2024 - 2029)

The Asia-Pacific single-ply membrane market is anticipated to experience growth, driven by increased construction activities and infrastructure expenditure in the region. Despite challenges posed by environmental concerns related to plastic and petrochemical use, the market is expected to benefit from opportunities in restoration efforts aimed at reducing emissions. The expanding housing construction market in countries like India and China is also set to boost the market's scale.

Home Market Analysis Chemicals & Materials Research Construction Chemicals and Materials Research Building Materials Research Membrane Research Single Ply Membrane Research Single-ply Membrane Market Market Size

Market Size of Single-ply Membrane Industry

Asia-Pacific Single-ply Membrane Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

Single-ply Membrane Market Major Players

*Disclaimer: Major Players sorted in no particular order

Single-ply Membrane Market Analysis

The Asia-Pacific single-ply membrane market is projected to register a CAGR of over 5% during the forecast period.

An increase in the number of COVID-19 cases led to numerous countries resorting to lockdowns, which significantly affected the global economy. The economic and industrial activities came to a temporary halt, which led the single-ply membrane market to witness repercussions in terms of both production and demand from the construction and restoration industries. However, the increasing focus on construction activities in the Asia-Pacific region is expected to help the market achieve growth.

Over the medium term, the major factors driving the market's growth are the rising construction activities, the increasing infrastructure expenditure, and the accelerating usage of low-cost and durable materials in the post-pandemic period. While the increasing awareness and environmental concerns against the use and disposal of plastic and petrochemicals are going to restrain the market growth, the broad approach to restoration in order to reduce emissions is likely to act as a market oppurtunity in the Asia-Pacific region.

The growing demand from the residential sector, owing to expanding housing construction market in India and China, is expected to boost the regional market.

Single-ply Membrane Industry Segmentation

Single-ply membranes are used in low-slope roofs for the purpose of wide-width sheeting, which acts as a layer of protection for the building. In residential buildings, these layers are used as a weatherproofing and waterproofing technique, and in infrastructural structures, they are used as protective layers in both underground and over-the-ground structures. The Asia-Pacific single-ply membrane market is segmented by type, application, and geography. By type, the market is segmented into ethylene propylene diene monomer, thermoplastic polyolefin, polyvinyl chloride, modified bitumen, and other types. By application, the market is segmented into residential, commercial, institutional, and infrastructural. By Geography, the market is segmented into China, India, Japan, South Korea, ASEAN Countries, and the Rest of Asia-Pacific. For each segment, the market sizing and forecasts have been provided on the basis of volume (million square meters) and value (USD million).

By Type
Ethylene Propylene Diene Monomer (EPDM)
Thermoplastic Polyolefin (TPO)
Polyvinyl Chloride (PVC)
Modified Bitumen
Other Types
By Application
Residential
Commercial
Industrial and Institutional
Infrastructure
By Geography
India
China
Japan
South Korea
ASEAN countries
Rest of Asia-Pacific
Need A Different Region Or Segment?
Customize Now

Single-ply Membrane Market Size Summary

The Asia-Pacific single-ply membrane market is poised for significant growth, driven by a resurgence in construction activities and infrastructure development across the region. The market, which experienced temporary setbacks due to the COVID-19 pandemic, is now benefiting from increased infrastructure expenditure and the adoption of cost-effective, durable materials. The demand for single-ply membranes is particularly strong in the residential sector, with countries like India and China expanding their housing construction markets. Despite environmental concerns regarding the use of plastics and petrochemicals, the push for restoration projects aimed at reducing emissions presents a promising opportunity for market expansion. The region's focus on energy-efficient solutions, such as reflective single-ply membranes for large infrastructures like airports, further bolsters market prospects.

China is expected to lead the market due to its robust construction industry, fueled by urbanization and rising middle-class incomes. The Chinese government's ambitious infrastructure plans, including the development of expressways and railway networks, are set to drive demand for single-ply membranes for waterproofing and UV protection. Similarly, India's National Infrastructure Pipeline and various ASEAN projects underscore the region's commitment to enhancing its infrastructure. The market is partially consolidated, with key players like Dow Chemical Company, Tremco Incorporated, and Sika AG actively participating in the region. Recent collaborations and new manufacturing facilities, such as Tremco's in India, highlight the strategic efforts to meet the growing demand for construction products in the Asia-Pacific market.

Explore More

Single-ply Membrane Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Construction Industry

      2. 1.1.2 Recovering Construction Sector in Emerging Economies

    2. 1.2 Restraints

      1. 1.2.1 Environmental Regulations Against Plastics and Petrochemicals

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value and Volume)

    1. 2.1 By Type

      1. 2.1.1 Ethylene Propylene Diene Monomer (EPDM)

      2. 2.1.2 Thermoplastic Polyolefin (TPO)

      3. 2.1.3 Polyvinyl Chloride (PVC)

      4. 2.1.4 Modified Bitumen

      5. 2.1.5 Other Types

    2. 2.2 By Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Industrial and Institutional

      4. 2.2.4 Infrastructure

    3. 2.3 By Geography

      1. 2.3.1 India

      2. 2.3.2 China

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 ASEAN countries

      6. 2.3.6 Rest of Asia-Pacific

Single-ply Membrane Market Size FAQs

The Single-ply Membrane Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Dow Chemical Company, Sika AG, RENOLIT, Polygomma Industries Pvt Ltd and Tremco Incorporated are the major companies operating in the Single-ply Membrane Market.

Single-ply Membrane Report Snapshots

Asia-Pacific Single-ply Membrane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)