Rising awareness and acceptance of waterproofing products in retail market by house owners to drive positive growth in India.
Pipeline of 41 skyscraper projects including residential and commercial building will provide boost high-end waterproofing products.
Growing technology and fast paced construction, liquid waterproofing products are expected to higher market share compared sheet waterproofing membrane due to ease of application and cost effectiveness.
Effect on Emergence of Paint Manufacturers in Waterproofing Market: Entry of paint giants such as Asian Paints, Burger Paints and others with strong retail supply chain network and vast customer base looking to capture retail/bazaar market of waterproofing products has increased product awareness through advertisements and ease of product availability through extended supply channel.
Rise in High-End Construction Project Pipeline: Growing congestion in Tier 1 cities of India has lead to increase demand of high-rise buildings & skyscraper; also growing pressure from government in utilizing green building materials and demand for luxury & upscale projects by end users has pushed real estate developers for high-end project development in India. Till FY’2024 approx. 50,000 branded hotel room supplies consisting of 10% luxury and 22% upscale rooms as per industry report.
Infrastructure & Construction Development in Tier 2 & 3 cities: Government schemes such Smart Cities Mission, Housing for all by 2022 has made investors to invest in Tier 2 & Tier 3 cities which will drive the growth for construction activities and has opened up a new market for waterproofing products.
The report titled “India Waterproofing Membrane Market Outlook to 2025 – Waterproofing Membrane Market by Revenue (Sheet & Liquid Membrane), By Application (Roofing, Walls, Basements & Others), By End Users (Real Estate, Industrial, Infrastructure & Others) & By Regional Demand (North, West, South & East)” by Ken Research suggests that the government focus on infrastructure & construction development as well as green building materials requirements will drive the demand for modern waterproofing techniques & products in the future. Capital cities such as Delhi NCR, Mumbai, Bangalore, Chennai, and Ahmedabad, along with Tier 2 cities have promising infrastructure developments and construction lined up and will emerge as key target segments for a waterproofing manufacturer looking to penetrate the institutional segment. The revenue generated from sale of waterproofing products is projected to grow at a CAGR of 8.0% during the period FY’2019-FY’2025.
Key Segments Covered:-
By Membrane Type
Roof & Terrace
Walls & Flooring
Basement & Foundation
By Regional Demand
By Type of Roof Construction
By End Users
Real Estate and Industrial
Key Target Audience:-
Waterproofing Membrane Manufacturing Companies
Construction Chemical Manufacturing Companies
Contractors and Applicators
Construction Chemical Association
Raw Material Manufacturing Companies
Time Period Captured in the Report:-
Historical Period: FY’2014-FY’2019
Forecast Period: FY’2019-FY’2025
Companies Covered in Report:-
Pidilite Dr. Fixit
Fosroc Chemical India
Shalimar Tar Products Limited (STP Limited)
Asian Paints Limited (Smart Care)
BASF (Master Builders Solutions)
CICO Technologies Limited (CTL)
GCP Applied Technology India
Key Topics Covered in the Report:-
Major Upcoming Infrastructure and Real Estate Projects in India
Waterproofing Purchase Trends- End User Perspective
Product Landscape of Major Bedding Industry Players
CICO Technologies, Vice President Take on the Waterproofing Industry in India
Recommended Market Penetration Strategies and New Player Entry
India Waterproofing Membrane Industry Future Outlook to 2025
For More Information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications