Increasing Government Investments for Improved Infrastructure is driving the Demand for Southeast Asia Waterproofing System Market
Waterproofing membranes, chemicals, and admixtures are required for improving the waterproofing capability of structures constantly dealing with liquids. Waterproofing chemicals have different types of chemistries involved in the manufacturing of miscellaneous waterproofing systems/technologies. These chemistries include PVC, TPO, EPDM, bitumen, and others (crystalline waterproofing chemicals, liquid acrylic elastomeric waterproofing compounds, polymer modified waterproofing compounds, cementitious waterproofing compounds, and so on). These chemicals are assorted with definite additives or are put through certain chemical processes for the manufacturing of desired waterproofing system/technology for serving the end-use industries.
Increasing government investments for improved infrastructure is driving the demand for waterproofing processes. These aspects have encouraged companies to adopt strategies, such as new product launches, expansions, and agreements & contracts. Some of these major players are The Dow Chemical Company (U.S.), BASF SE (Germany), and Wacker Chemie AG (Germany).
New product launches, expansions, and agreements were the key strategies adopted by the industry players to achieve growth in the waterproofing market between 2012 and 2016. Besides new product launches and expansions, the companies have adopted joint ventures and acquisitions to expand their market share and distribution network. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the waterproofing market between 2012 and 2016.
Most active market players in the waterproofing market
Wacker Chemie AG (Germany) develops and manufactures waterproofing chemicals through its Wacker silicone business segment. The company follows strategies, including new product developments, to increase its global market share. The company is launching many products to increase its product portfolio and provide improved services to its end users. It is focusing on R&D for launching new products and services. The company maintains a strong brand image in the waterproofing chemicals market, as it provides high-quality products. In 2014, the company launched new products, high-performance silicones and polymer binders, for coatings and construction applications under the brands, SILRES and VINNAPAS. This has enhanced the product portfolio and demand for silicone-based waterproofing chemical, resulting in increased revenue from the Wacker silicone segment of the company.
Soprema Group is one of the leading companies in waterproofing, roofing, and insulation systems, globally. It operates through four major business segments, including waterproofing, roofing, insulations, and civil engineering. The company offers bituminous waterproofing, photovoltaic waterproofing, liquid applied waterproofing, green roofs, below grade, and synthetic waterproofing membranes under its waterproofing business. Carlisle Companies Inc. (U.S.) is a multi-diversified group of companies and operates through five business segments, namely, construction materials, brake & friction, fluid technologies, interconnect technologies, and foodservice products. The company provides waterproofing membranes and systems through Carlisle SynTec Systems and Carlisle Coatings & Waterproofing, subsegments of Carlisle Construction Materials (CCM). The products developed by the company find application in the construction, industrial, and maintenance end-use industries.
Apart from the above-mentioned market players, The Dow Chemical Company (U.S.), W.R. Grace & Co (U.S.), BASF SE (Germany), Johns Manville (U.S.), Pidilite Industries (India), Fosroc International Limited (U.K.), Mapei S.p.A (Italy), Firestone Building Products (U.S.), SIKA AG (Switzerland), GSE Environmental (U.S.), and GAF Material Corporation (U.S.) are the other players that are active in the Southeast Asia waterproofing systems market.
Related Reports:
Southeast Asia Waterproofing Systems Market by Preformed Membranes (Modified Bitumen, PVC, TPO, and EPDM), Liquid Applied Membranes (Elastomeric, Cementitious, Bituminous), Integral Systems (Pore Blocking Admixtures, Crystalline Waterproofing Admixtures), Waterproofing Chemicals (Bitumen, Elastomers, PVC, TPO, EPDM, and Concrete) - Forecasts to 2021
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