The report titled “Malaysia Waterproofing Membrane Market by Application (Roofing, Building Structures, Wall & Flooring & Others), by Raw Material (Polymers, Bitumen and Acrylic Based Cementitious) – Outlook to 2021” provides a comprehensive analysis of the waterproofing membrane market in Malaysia. The report focuses on the liquid applied and sheet membrane product. The report covers aspects such as waterproofing membrane market by its key segments including liquid and sheet membrane, high-end and low-end liquid membrane products, raw materials used, application in various structures, demand from several industries, domestic and international companies, new and renovation projects. The publication also includes competitive landscape, which discusses the major market players along with the detailed discussion about the organizations and their respective market share. The reports also provides in depth analysis of the various types of membrane products utilized in the industry. Furthermore, the report includes information on the planned future real estate projects across sectors. The future analysis of overall Malaysia Waterproofing Membrane Market has also been discussed along with analyst recommendations.
Malaysia is positioned for growth as a waterproofing market in ASEAN region. The market for waterproofing membrane products has grown at a CAGR of 2.0% during the period 2011-2016. There are a number of growth factors including government initiatives, growth in construction activities, emergence of new manufacturing companies in Malaysia and technological advancement amongst others. Owing to easy availability of raw material and growth in number of major infrastructure projects, Malaysia became a profitable market for waterproofing industries. Many companies entered the market with not only hope of catering to domestic demand and as well as make Malaysia as their export hub, so as to cater the other region of ASEAN regions. Foreign companies hold the major share and have improved their product and service portfolio through improvement in product technology, distribution network, and product awareness.
Market Segmentation by Liquid and Sheet Membrane: In terms of sales, liquid applied membranes dominated the waterproofing membrane market. The higher adoption of the same was attributed to several beneficial attributes of liquid applied waterproofing membrane products, including product durability, easy of application amongst other properties, over sheet membrane products.
Market Segmentation by Low and High End Liquid Membrane: Demand for High End Liquid Membrane come from large infrastructure or commercial construction sector as the product is expensive compared to low end coating but has higher lifetime period and reduces the need for frequent inspection and replacement need and Low end coating gained importance in the market due to its dual advantage, it was cheap and as well as had the advantage of liquid coating
Market Segmentation by Raw Material: Polymers were the preferred raw material used for developing membrane waterproofing products in Malaysia as of 2016. Of all polymers, Polyurethanes and Acrylic has the major share in this segment. Bitumen and acrylic based cementitious were other commonly used raw materials used in manufacturing waterproofing membrane products.
Competitive Landscape: The Malaysian waterproofing membrane market is currently in a developing stage and is quite concentrated with top 10 players comprising for a major bulk of the revenue as of 2016. Sika was the leading player in this sector largely owing large number of distributors and wide scale penetration in the retail market. Sika was followed by Pentens and Estop. BASF is other prominent player which focused on developing high-end liquid membranes in the market. Apart from the aforementioned players, several other domestic and international players fiercely battled each other in this space. Sensing the market potential, several large established companies are planning to venture into this space in coming years.
Future Outlook: There is a potential market of considerable backlog of waterproofing work that has been deferred during the recession or past years, as well as significant chunk of replacement work will be required in already constructed building structures. Residential waterproofing is changing, with an emphasis on better products, better technology, and better craftsmanship. For instance, carbon fiber is revolutionizing basement crack repair. The technology has been around for more than a decade, but it is now widely accepted and cost-competitive. The successful waterproofing companies in the future will offer a broad range of basement repair services, which will help smooth out the bumps of cyclical waterproofing. Malaysian government’s new infrastructure plans are anticipated to be completed by 2020 which will further boost the demand of waterproofing products.
Key Topics Covered in the Report:
- Waterproofing Membrane Market, 2011-2016
- Malaysia Waterproofing Membrane Market Segmentation By Liquid and Sheet Membrane, By Low and High End Liquid Membrane, By Raw Materials Used, By Application, By Industrial Demand, By Domestic and International Companies, By New and Renovation Projects, 2016
- Trends and Development in Malaysia Waterproofing Membrane Market
- Decision Making Process Before Purchasing Waterproofing Membrane Products
- Comparison of Different Waterproofing Membrane
- Porter’s Five Forces Analysis of Malaysia Waterproofing Membrane Market
- Replacement Demand Cycle and Warranty of Waterproofing Membrane Products
- Competitive Landscape of Major Players
- Market Share of Major Players
- Planned Major Real Estate Projects in Malaysia
- Company Profile of Major Players
- Analyst Recommendations
Ankur Gupta, Head Marketing & Communications