The market size of Southeast Asia waterproofing systems market is estimated to reach USD 5.35 Billion by 2021, at a CAGR of 14.52% during the forecast period. The rising demand for waterproofing is backed by the growing building & construction industry in the region, especially in the developing countries, such as Indonesia, Malaysia, Thailand, Singapore, and Vietnam. Rapid growth in the construction industry made it the largest contributor to the market in Southeast Asia in 2015.

The Southeast Asia waterproofing systems market is segmented into preformed membranes, liquid applied membranes, integral systems, and waterproofing chemicals. In 2015, the preformed membranes segment accounted for the largest market share, in terms of value, which is projected to register the second-fastest growth, between 2016 and 2021, owing to its superior waterproofing properties over other waterproofing system/technology.

Modified bitumen is the most extensively used preformed membrane and has the largest market size. It is composed of single ply and built-up roofing. These membranes offer various advantages, including excellent performance at cold temperature and handling characteristics, high fatigue (cycling) resistance, elasticity, and strength.

Liquid applied membranes such as elastomeric, bituminous, and cementitious are commonly used in the building & construction industry for various applications, including roofing, walls, floors, basements, interior & exterior surface protection, and so on. Elastomeric membranes is expected to be the fastest-growing segment in liquid applied membranes during the forecast period due to excellent throughput with high liquid flow rates at low differential pressures, ensuring robust performance even in the most extreme applications.

Crystalline waterproofing admixture is expected to dominate the integral systems waterproofing market in Southeast Asia owing to its fine properties, which help in improving the quality and age of concrete structures. These admixtures exhibit properties that help in reducing absorption and water permeability by acting on the capillary structure of concrete made of cement.

Bitumen and elastomers were the most extensively consumed waterproofing chemicals in 2015. The major advantages of bitumen and elastomer include high penetration & gap filling and improved adhesion, as well as durability and moisture resistance due to which there is an increase in demand for both bitumen and elastomers. The primary driver of the Southeast Asia waterproofing systems market is the increasing demand from developing countries. The waterproofing applications such as roofing & walls, floors & basements, tunnel liners, and so on have wide scope of expansion, which in turn is expected to increase the consumption of waterproofing chemicals during the forecast period.

The waterproofing system/technology manufacturers are affected by price-sensitive customers. Most of the waterproofing raw materials are petroleum-based and are vulnerable to fluctuations in commodity prices. Oil prices have been highly volatile recently, with fluctuation of 8.0%. This is a major challenge for the waterproofing industry to predict the future price of basic raw materials resulting in low investments in waterproofing system-related projects.

Carlisle companies Inc. (U.S.) company is one of the major manufacturers of waterproofing & roofing systems, which competes with its competitors in terms of pricing, innovative products, long-term warranties, and customer care services. It also focuses on product innovation as a part of its major strategy to increase its global presence. The company adopts acquisitions and expansions as the key business strategies to increase its revenues.

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