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Single-ply Membrane Market Analysis

The Asia-Pacific single-ply membrane market is projected to register a CAGR of over 5% during the forecast period.

An increase in the number of COVID-19 cases led to numerous countries resorting to lockdowns, which significantly affected the global economy. The economic and industrial activities came to a temporary halt, which led the single-ply membrane market to witness repercussions in terms of both production and demand from the construction and restoration industries. However, the increasing focus on construction activities in the Asia-Pacific region is expected to help the market achieve growth.

Over the medium term, the major factors driving the market's growth are the rising construction activities, the increasing infrastructure expenditure, and the accelerating usage of low-cost and durable materials in the post-pandemic period. While the increasing awareness and environmental concerns against the use and disposal of plastic and petrochemicals are going to restrain the market growth, the broad approach to restoration in order to reduce emissions is likely to act as a market oppurtunity in the Asia-Pacific region.

The growing demand from the residential sector, owing to expanding housing construction market in India and China, is expected to boost the regional market.

Single-ply Membrane Industry Segmentation

Single-ply membranes are used in low-slope roofs for the purpose of wide-width sheeting, which acts as a layer of protection for the building. In residential buildings, these layers are used as a weatherproofing and waterproofing technique, and in infrastructural structures, they are used as protective layers in both underground and over-the-ground structures. The Asia-Pacific single-ply membrane market is segmented by type, application, and geography. By type, the market is segmented into ethylene propylene diene monomer, thermoplastic polyolefin, polyvinyl chloride, modified bitumen, and other types. By application, the market is segmented into residential, commercial, institutional, and infrastructural. By Geography, the market is segmented into China, India, Japan, South Korea, ASEAN Countries, and the Rest of Asia-Pacific. For each segment, the market sizing and forecasts have been provided on the basis of volume (million square meters) and value (USD million).