- According to Construction Industry Development Board (CIDB), the construction sector is expected to grow by eight per cent to approximately USD 40.53 billion this year, boosted by the numerous mega infrastructure projects in the country
- Emergence of new manufacturing companies in Malaysia and technological advancement in product and services are likely to augment the growth of waterproofing market in Malaysia
The increase in number of construction projects, whether residential or industrial, has had a positive impact on the waterproofing membrane market of the country. The value of construction project in the year 2011 was USD 24.0 billion and reached USD 29.5 billion in 2016. It is anticipated that constriction projects worth USD 34.2 billion is expected to be constructed by 2021, representing growth at a CAGR 3.0% during the period 2016-2021.
Although majority of waterproofing membrane products are produced domestically in Malaysia, a significant percentage of products used in the local market are being imported from Europe, Saudi Arabia and even Australia. It is interesting to note that these imported products are actually designed for European market, which has totally different weather pattern as compared to tropical hot and humid climate of Malaysia. Even though the locally manufactured products have been competing with the imported products, the quality standards of the products have been labeled as par with the European products by Malaysian authorities.
With change in methodology of construction over the years, this has also led to change in waterproofing specifications that are more demanding in terms of durability, performance, eco-friendly or breathable waterproofing membrane products. Each player is focusing on this emerging trend and has started investing in R&D so to introduce better products in this category. Rising tourism in the country has led to flourishing of the hospitality sector of Malaysia. In the coming years, a number of hotels are expected to be established in several regions of the country. This will directly have a positive impact on the demand for waterproofing membrane products in the country.
Ken Research in its latest study, “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 India. The report focuses on the liquid applied and sheet membrane product segments of the industry. 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 and demand by major regions. 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 including residential and hospitality. The future analysis of overall Malaysia Waterproofing Membrane Market has also been discussed along with recommendations from analyst view.
The report covers insights about the factors and restraints affecting the market. It also includes detailed analysis of the major companies existing in this space including Sika, Pentens, Xypex, Mapei, BASF and others.
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Ankur Gupta, Head Marketing & Communications