- USD 165.29 million to has been allocated to build 9,850 new units and complete 11,250 People’s Housing Programme (PPR) houses and USD 46.56 million to build 5,000 “People’s Friendly Home” units under Syarikat Perumahan Negara Bhd (SPNB) with a subsidy of USD 4,600 per unit
The number of households in the year 2000 was 4.80 million which rose to 6.56 million in 2011 and then increased to 7.46 million in 2016 and it is estimated to reach to 8.35 million by 2021. With increase in the number of households, there would be increase in the demand of waterproofing products in the market as it will lead to greater demand for affordable residential projects, which in return will lead to greater demand for cost effective waterproofing solutions. Ken Research predicts that the demand for waterproofing solutions from the residential and other sectors will increase gradually over the years. The biggest green building trend in the commercial market is taking place on the rooftops. Green trends are also driving demand for cool roofs, reflective roofs, and green (vegetative) roofs. Across all segments of the waterproofing industry, green waterproofing products— meaning those that are recyclable, low-VOC, or rubber/polymer-based instead of asphalt/solvent based—are doing relatively better. The growing emphasis on long-term, life-cycle costs is favorable to waterproofing contractors who focus on quality and craftsmanship, and the green/sustainable building movement will give environmentally-friendly products an edge. There is a potential market of considerable backlog of waterproofing work that’s been deferred during the recession or past years, as well as significant chunk of replacement work is required in already constructed building structures.
The number of hotels in the year 2011 was 2,707 which rose to 4,961 in 2016 at a CAGR of 12.9% and it is estimated to reach to 9,602 by 2021. Hotels or commercial properties is one of the main segments of waterproofing industry in Malaysia as these businesses have keen focus on maintaining properties for a long time and avoid any damages in terms of water seepage or cracks. The waterproofing requirement in hotels is not just limited to roofing but interior, exterior walls, washrooms and other infrastructure amenities such as swimming pools which presents a huge potential market for waterproofing players in Malaysia. As number of tourist arrivals increases, the demand for these hotels will increase. And with increase in number of hotel properties, the demand for waterproofing products is projected to increase as well.
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” by Ken Research suggested that waterproofing membrane market is anticipated to grow at a CAGR of 2.8% during the period 2016-2021.
Ankur Gupta, Head Marketing & Communications