The global ASEAN waterproofing membrane market is projected to witness a growth rate of 6.3% annually from 2024 to 2030, with an anticipated size of US$ 1056 million by 2030, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global ASEAN waterproofing membrane market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Report Highlights
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Market Size in 2030 (million US$) |
1056 |
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Growth (CAGR) |
6.3% during 2024-2030 |
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Forecast Period |
2024-2030 |
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Trend Period |
2018-2022 |
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Base Year |
2023 |
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Number of Segments Covered |
6 |
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Number of Tables & Graphs |
100+ |
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Country-Level Market Assessment |
20 |
Segment Insights on the ASEAN Waterproofing Membrane Market:
The global ASEAN waterproofing membrane market is segmented based on membrane type, product type, application type, end-use type, construction type, and region.
Based on membrane type - The ASEAN waterproofing membrane market is segmented into Sheet Membrane and Liquid-applied Membrane. Sheet membranes will continue to dominate the market throughout the forecast period due to their superior durability, making them the preferred choice for large-scale commercial and infrastructure projects. Meanwhile, liquid-applied membranes are experiencing faster growth, driven by adaptability to complex structures. The market is becoming more efficient as both segments align with evolving sustainability standards and adopt cool roofing technologies.
Based on the product type – The ASEAN waterproofing membrane market is segmented into bitumen, PVC, TPO, acrylic, polyurea, polyurethane, and other product types. Bitumen is expected to remain dominant in the Sheet Membrane whereas acrylic will be the fastest-growing product type in the Liquid-applied Membrane market during the forecast period. Driven by cost efficiency, bitumen remains the dominant choice for sheet membranes in ASEAN’s waterproofing market. Meanwhile, acrylic liquid-applied membranes are gaining traction and are expected to capture a significant share as industry adoption increases.
Based on application type - The market is segmented into roofing, foundation & below grade, water-retaining structures, infrastructure, and other application types. Roofing is expected to hold its major share in the application type of the market. Driven by rising residential and construction spending, the roofing segment will remain ASEAN’s leading and fastest-growing application through 2030. Increasing adoption of cool roofs, driven by global warming concerns and energy efficiency benefits, further accelerates market expansion.
Based on the end-use type – The market is segmented into Residential, Non-residential, and Infrastructure segments. The residential category will continue to dominate and grow the fastest in ASEAN, driven by rising construction activity, housing demand, and home improvements. The commercial segment remains a key driver, supported by infrastructure growth and increasing demand for cool roofs and reflective surfaces for energy efficiency.
Based on the construction type – The market is segmented into Residential, Non-residential, and Infrastructure segments. The residential category will continue to dominate and grow the fastest in ASEAN, driven by rising construction activity, housing demand, and home improvements. The commercial segment remains a key driver, supported by infrastructure growth and increasing demand for cool roofs and reflective surfaces for energy efficiency.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Indonesia is expected to remain the most valuable market during the forecast year. This growth outlook is majorly attributed to the following–
- This expansion is driven by rising investments in new residential and non-residential construction projects, supported by rapid urbanization, infrastructure development, and increasing demand for durable and energy-efficient building solutions.
ASEAN Waterproofing Membrane Market Drivers:
Some of the key drivers listed in the report are given below.
- Rapid Urbanization and Infrastructure Development
- Rising Construction Activities
- Expansion of Industrial and Manufacturing Industries
Top Companies in the ASEAN Waterproofing Membrane Market:
The market is moderately concentrated, with some local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players.
- BASF SE
- Bostik
- KCC Corporation
- Keshun Waterproof Technology Co., Ltd.
- Mapei S.p.A.
- Oriental Yuhong Waterproofing Technology
- PT Avia Avian Tbk
- Saint-Gobain
- Sika AG
- Soprema Group
- Standard Industries
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth analysis of the ASEAN Waterproofing Membrane Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and forecast |
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Who are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirements? |
10% free customization |
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - [email protected]
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