India Waterproofing Membrane Market by Type (Emulsion - Low and High; Immobilized Liquid Membrane - Low and High; Sheet membrane), Raw Material (Polymers - Polyurethanes, PVC, TPO, EPDM; Bitumen - APP, SBS; Polymer modified cement) - Outlook to 2022
October 2017
100
About the Report
About the Report
The report titled "India Waterproofing Membrane Market by Type (Emulsion - Low and High; Immobilized Liquid Membrane - Low and High; Sheet membrane), Raw Material (Polymers - Polyurethanes, PVC, TPO, EPDM; Bitumen - APP, SBS; Polymer modified cement) - Outlook to 2022" 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, Emulsion and Immobilized Liquid Membrane, 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 report 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 India Waterproofing Membrane Market has also been discussed along with recommendations from analyst view.
Market Potential
India waterproofing membrane market is valued at INR ~ million in FY'2012 and witnessed sharp growth during FY'2013-FY'2014, registering revenues of INR ~ million in FY'2014. Growing nuclear families, rapid urbanization and rising household income were the key drivers for growth in all spheres of real estate, including residential, commercial, hospitality and retail. Since waterproofing is integral to all sorts of infrastructures including residential, commercial, hospitality and retail, the market has witnessed rapid growth in the last few years. In August 2015, the Union Cabinet approved 100 Smart City Projects in India. The Government has also raised FDI limits for townships and settlements development projects to 100%. Real estate projects within the Special Economic Zone (SEZ) are also permitted 100% FDI. In Union Budget 2015-16, the government allocated USD 3.72 billion for housing and urban development. The private equity investments in real estate increased 26% to a nine-year high of nearly INR 40,000 crore (USD 6.01 billion) in 2016. As a result, the waterproofing membrane market grew at a CAGR of ~% during the period FY'2012-FY'2017.
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, ease of application amongst other properties, over sheet membrane products.
Market Segmentation by Low and High End Liquid Membrane: Indian customers being highly price sensitive, the low-end liquid membrane waterproofing products were largely preferred over the high end ones. Low end liquid membrane products accounted for more than the market share of high end liquid membrane products as of FY'2017. As of FY'2017, Emulsion Liquid Membrane (EML) comprised for ~% market share in the overall liquid waterproofing membrane market in India. Polymers accounted for ~% market share of all the raw materials used in membrane waterproofing products.
Market Segmentation by Raw Material: Polymers were the preferred raw material used for developing membrane waterproofing products in India as of FY'2017. Of all polymers, Polyurethanes was most widely used for developing membrane waterproofing products, followed by PVC (Polyvinyl Chloride), TPO (Thermoplastic polyolefin) and EPDM (Ethylene propylene diene monomer). Bitumen and polymer modified cement were other commonly used raw materials used in manufacturing waterproofing membrane products.
Competitive Landscape: The Indian waterproofing membrane market is currently in a developing stage and is quite concentrated with top 5 players comprising for a major bulk of the revenue share as of FY'2017. The top 5 leading companies accounted for almost two-third market share in the overall waterproofing membrane in India. Pidilite was the leading player in this sector largely owing large number of distributors and wide scale penetration in the retail market. Pidilite was followed by Fosroc and STP. Sika and BASF were other prominent players which focused on developing high-end liquid membranes in the market. Apart from the aforementioned 5 players, several other domestic and international fiercely battled each other in this space. Sensing the market potential, several large established firms such as Asian Paints and Lafarge have ventured into this space in recent times.
Future Outlook: India real estate market is expected to touch USD 180 billion by 2020, with FDI in the sector expected to increase to USD 7 billion in 2017 which is anticipated to further rise to USD 10 billion by 2020. India is ranked 4th in developing Asia for FDI inflows as per the World Investment Report 2016 by the United Nations Conference for Trade and Development. The Indian real estate sector is set to witness high growth with heavy investment from both global and domestic stakeholders. Heightened construction activity in real estate sector, revival of delayed projects and building of affordable houses in the country are likely to augment the demand for waterproofing membrane products in the future. Overall, the market is anticipated to grow at an impressive CAGR of ~% during the period FY'2017-FY'2022.
Key Topics Covered in the Report:
- India Waterproofing Membrane Market, FY'2012-FY'2017
- India 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, Demand by Regions, FY'2017
- Trends and Development in India Waterproofing Membrane Market
- Decision Making Process Before Purchasing Waterproofing Membrane Products
- Comparison of Different Waterproofing Membrane
- Porter's Five Forces Analysis of India 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 India
- Company Profile of Major Players
- India Waterproofing Membrane Market Future Outlook, FY'2018-FY'2022
- Analyst Recommendations
- Macro-economic Factors
Products
Products
Liquid Membrane, Sheet Membrane, Emulsion and Immobilized Liquid Membrane, polymer modified bitumen, prefabricated elastic membrane, epoxy based coating, polyurethane membrane, cementitious membrane, Polyurethanes coated liquid membrane, PVC liquid membrane, Thermoplastic Polyolefin waterproofing membrane, Ethylene Propylene Diene Monomer Waterproofing membrane, APP (Atactic Polypropylene) Membrane, Styrene Butadiene Styrene Waterproofing membrane, Polymer modified cement membrane, High liquid membrane, low end liquid membrane
Companies
Pidilite, Fosroc, STP, Sika, BASF, Asian Paints, Lafarge
Table of Contents
Table of Contents
1. Executive Summary
Market Size
Market Segmentation
Competitive Landscape
Future Outlook
2. Research Methodology
2.1. Market Definition
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Variables (Dependent and Independent)
Multifactor Based Sensitivity Model
Limitations
Final Conclusion
3. India Waterproofing Market Overview and Genesis
4. Value Chain Analysis of India Waterproofing Membrane Market
4.1. Major Challenges in Value Chain
5. India Waterproofing Market Size, FY'2012-FY'2017
6. India Waterproofing Membrane Market Segmentation
6.1. By Membrane Type (Liquid and Sheet Membrane), FY'2017
6.2. By Liquid Membrane Type (High and Low End), FY'2017
6.3. By Emulsion Liquid Membrane and Immobilized Liquid Membrane, FY'2017
6.4. By Raw Material (Polymers, Bitumen and Polymer Modified Cement), FY'2017
6.5. By Application (Roof, Building Structure Foundation, Walls and Flooring and Others), FY'2017
6.6. By Industry (Industrial & Construction, Infrastructure and Others), FY'2017
6.7. By Market Player Segmentation (Domestic and International), FY'2017
6.8. By New Construction and Renovation Projects, FY'2017
6.9. By Regional Demand, FY'2017
7. Trends, Developments and Restraints in India Waterproofing Membrane Market
8. General Guidelines Followed For Waterproofing Structures In India
8.1. Scope Of the Standard
8.2. General Guidelines
8.3. Guidelines for Design Team
8.4. Water Table Classification and Grades of Waterproofing Protection
9. Decision Making Process Before Purchasing Waterproofing Membrane
10. Porter's Five Forces Analysis for India Waterproofing Membrane Market
11. Comparison of Different Waterproofing Membrane products
12. Replacement Demand Cycle and Warranty of Waterproofing Membrane Products
13. Distributors and Contractors List for India Waterproofing Membrane Market
14. Competitive Landscape of Major Players in India Waterproofing Membrane Market
14.1. Company Profiles for Major Players in India Waterproofing Membrane Market
Pidilite
Fosroc Chemicals India
STP Limited
Sika India
BASF India
15. Planned Real Estate Projects in India
15.1. Hospitality
15.2. Residential
15.3. Infrastructure
15.4. Commercial
16. India Waterproofing Membrane Market Future Outlook and Projections, FY'2018-FY'2022
16.1. By Liquid and Sheet Membrane, FY'2022
16.2. Demand from New and Renovation Projects, FY'2022
17. Analyst Recommendations
18. Macroeconomic Factors Impacting India Waterproofing Membrane Market
18.1. India Infrastructure Budget, FY'2012-FY'2022
18.2. Number of Housing Units in India, FY'2012-FY'2022
18.3. Commercial Space in India, FY'2012-FY'2022
18.4. GDP from Construction Sector, FY'2012-FY'2022
18.5. Construction Chemicals in India, FY'2012-FY'2022
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List of Figure
Figure 4-1: Value Chain of India Waterproofing Membrane Market
Figure 5-1: India Waterproofing Market Size on the Basis of Revenue in INR Million and Growth Rate in Percentage (%), FY'2012-FY'2017
Figure 6-1: India Waterproofing Membrane Market Segmentation by Membrane Type (Liquid and Sheet Membrane) on the Basis of Revenue in Percentage (%), FY'2012-FY'2017
Figure 6-2: India Waterproofing Membrane Market Segmentation by Liquid Membrane (Low End Liquid Membrane and High End Liquid Membrane) Type on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-3: India Waterproofing Membrane Market Segmentation by Emulsion and Immobilized Liquid Membrane on the Basis of Revenue in INR Million, FY'2017
Figure 6-4: India Waterproofing Membrane Market Segmentation by Raw Material (Polymers, Bitumen and Polymer Modified Cement) on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-4: India Waterproofing Membrane Market Segmentation by Application (Roof, Building Structure Foundation, Walls and Floors and Others) on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-5: India Waterproofing Membrane Market Segmentation by Industrial Demand (Industrial & Construction, Infrastructure and Others) on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-6: India Waterproofing Membrane Market Segmentation by Market Players (Domestic and International) on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-7: India Waterproofing Membrane Market Segmentation by New and Renovation Projects on the Basis of Revenue in Percentage (%), FY'2017
Figure 6-8: India Waterproofing Membrane Market Segmentation by Regional Demand (North, South, West and East) on the Basis of Revenue in Percentage (%), FY'2017
Figure 10-1: Porter's Five Forces Analysis for India Waterproofing Membrane Market
Figure 14-1: India Waterproofing Membrane Market Share of Major Players on the Basis of Revenues in Percentage (%), FY'2017
Figure 16-1: India Waterproofing Market Future Projections on the Basis of Revenue in INR Million and Growth Rate in Percentage (%), FY'2018-FY'2022
Figure 16-2: India Waterproofing Membrane Market Future Projections by Membrane Type on the Basis of Revenue in Percentage (%), FY'2022
Figure 16-3: India Waterproofing Membrane Market Future Projections by New and Renovation Projects on the Basis of Revenue in Percentage (%), FY'2022
Figure 18-1: Infrastructure Budget of India in INR Crore, FY'2012-FY'2022
Figure 18-2: Housing units in India in Million Square Meters, FY'2012-FY'2022
Figure 18-3: Commercial Space in India in Million Square Meters, FY'2012-FY'2022
Figure 18-4: GDP from Construction Sector in USD Billion, FY'2012-FY'2022
Figure 18-5: Construction Chemicals Market in India in USD Million, FY'2012-FY'2022
List of Table
Table 2-1: Correlation Matrix of India Waterproofing Membrane Market
Table 2-2: Regression Coefficients Output for India Waterproofing Membrane Market
Table 3-1: Comparison of Different Traditional and Modern Waterproofing Techniques
Table 3-2: Comparison of Properties of Different Coatings
Table 4-1: India Waterproofing Membrane Market Challenges
Table 5-1: Rationale and Description for India Waterproofing Market Size on the Basis of Revenues in INR Million, FY'2012-FY'2017
Table 6-1: Rationale and Description for India Waterproofing Market Segmentation by Membrane Type on the Basis of Revenue in INR Million, FY'2017
Table 6-2: Comparison of Liquid and Sheet Membrane
Table 6-3: India Waterproofing Membrane Market Segmentation by Membrane Type (Liquid and Sheet Membrane) on the Basis of Revenue in INR Million, FY'2012-FY'2017
Table 6-4: Rationale and Description for India Waterproofing Market Segmentation by Liquid Membrane Type on the Basis of Revenue in INR Million, FY'2017
Table 6-5: Rationale and Description for India Waterproofing Membrane Market by Emulsion and Immobilized Liquid Membrane on the Basis of Revenue in INR Million, FY'2017
Table 6-6: Comparison of Emulsion and Immobilized Liquid Membrane
Table 6-7: Rationale and Description for India Waterproofing Market Segmentation by Raw Material on the Basis of Revenue in INR Million, FY'2017
Table 6-8: India Waterproofing Membrane Market Segmentation by Raw Material on the Basis of Revenue in INR Million and Market Share in Percentage (%), FY'2017
Table 6-9: Rationale and Description for India Waterproofing Market Segmentation by Application on the Basis of Revenue in INR Million, FY'2017
Table 6-10: Rationale and Description for India Waterproofing Market Segmentation by Industry Demand on the Basis of Revenue in INR Million, FY'2017
Table 6-11: Rationale and Description for India Waterproofing Market Segmentation by Market Players on the Basis of Revenue in INR Million, FY'2017
Table 6-12: Rationale and Description for India Waterproofing Market Segmentation by New and Renovation Projects on the Basis of Revenue in INR Million, FY'2017
Table 6-13: Rationale and Description for India Waterproofing Market Segmentation by Regional Demand on the Basis of Revenue in INR Million, FY'2017
Table 6-14: List of Major Residential Construction Destinations in Urban Cities of India, FY'2017
Table 7-1: Trends and Developments in India Waterproofing Membrane Market, FY'2017
Table 7-2: Restraints in India Waterproofing Membrane Market, FY'2017
Table 9-1: Decision Making Parameters for India Waterproofing Membrane Market
Table 10-1: Porter's Five Forces Analysis for India Waterproofing Membrane Market
Table 11-1: Comparison of Different Waterproofing Membrane Products
Table 12-1: Approximate Replacement Demand Cycle of Waterproofing Membranes in Various Applications
Table 12-2: Warranty period of Major Products in the Market, 2016
Table 13-1: List of Major Distributors in India Waterproofing Membrane Market
Table 13-2: List of Major Contractors in India Waterproofing Membrane Market
Table 14-1: Current Scenario of Competition in India Waterproofing Membrane Market
Table 14-2: Strengths and Weaknesses of Major Players in India Waterproofing Membrane Market, FY'2017
Table 14-3: India Waterproofing Membrane Market Share of Major Players on the Basis of Revenue in INR Million, FY'2017
Table 14-4: Company Profile of Pidilite including Company Overview, Manufacturing Facility, Product Portfolio, and Revenue Split by Industry, Business Strategies and other KPIs
Table 14-5: Pidilite's Product Portfolio for Waterproofing Membrane
Table 14-6: Company Profile of Fosroc including Company Overview, Manufacturing Facility, Product Portfolio, and Revenue Split by Industry, Business Strategies and other KPIs
Table 14-7: Fosroc's Product Portfolio for Waterproofing Membrane
Table 14-8: Company Profile of STP including Company Overview, Manufacturing Facility, Product Portfolio, and Revenue Split by Industry, Business Strategies and other KPIs
Table 14-9: STP's Product Portfolio
Table 14-10: Company Profile of Sika India including Company Overview, Manufacturing Facility, Product Portfolio, and Revenue Split by Industry, Business Strategies and other KPIs
Table 14-11: Major Product Portfolio for Sika India for Construction Chemicals (Product Name, Product Category, and Packaging Unit)
Table 14-12: Company Profile of BASF including Company Overview, Manufacturing Facility, Product Portfolio, and Revenue Split by Industry, Business Strategies and other KPIs
Table 15-1: List of Major Hospitality Projects in Pipeline in India, August 2017
Table 15-2: List of Major Residential Projects in Pipeline in India, August 2017
Table 15-3: List of Major Infrastructure Projects in Pipeline in India, August 2017
Table 15-4: List of Major Commercial Projects in Pipeline in India, August 2017
Table 16-1: India Waterproofing Membrane Market Future Outlook on the Basis of Revenue in INR Million, FY'2018-FY'2022
Table 16-2: India Waterproofing Membrane Market Future Outlook by Membrane Type on the Basis of Revenue in INR Million, FY'2022
Table 16-3: India Waterproofing Membrane Market Future Outlook by New and Renovation Projects on the Basis of Revenue in INR Million, FY'2022
Table 17-1 Analyst Recommendations for India Waterproofing Membrane Market
Table 18-1: Rationale and Description for India Infrastructure Budget in INR Crores, FY'2012-FY'2022
Table 18-2: Rationale and Description for Number of Housing Units in India, FY'2012-FY'2022
Table 18-3: Rationale and Description for Commercial Space in India, FY'2012-FY'2022
Table 18-4: Rationale and Description for GDP from Construction Sector in India, FY'2012-FY'2022
Table 18-5: Rationale and Description for Construction Chemicals Market in India, FY'2012-FY'2022
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