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The Asia-Pacific building and construction sheets market is expected to register a CAGR of approximately 6% during the forecast period, 2022 to 2027.
The COVID-19 pandemic has adversely affected the demand for construction sheets in the construction sector. With the increasing number of COVID-19 cases, the demand for construction products has declined, but on the other hand, the demand for daily use products and essential goods increased. Several companies engaged in roofing manufacturing have faced numerous challenges in the sale of roofing material products.
Expanding infrastructural development activities and rising consumer awareness of the benefits of sheets, particularly in Asia-Pacific's emerging nations, are likely to drive the market expansion. Furthermore, rising government building spending is expected to boost demand in the concerned industry. Because of the rising use of polymer and metal sheets in construction, the demand for sheets is likely to increase significantly. Over the forecast period, demand for metal and polymer sheets is likely to be driven by their use in roofing, sound and waterproofing, and HVAC applications.
The growing population in developing economies, combined with fast urbanization and industrialization, has prompted the government to expand investment in the relevant industry to meet the growing infrastructural needs. Furthermore, due to rising disposable income in developing economies, the construction sector is predicted to grow significantly.
Scope of the Report
Building and construction sheets are used for the designing of buildings and fulfill spatial, enviornmental, and visual requirements. This report provides an analysis of the market insights, dynamics, technological innovations, new trends, initiatives taken by the government in this sector, and the impact of COVID-19 on the market.
The Asia-Pacific building and construction sheets market is segmented by material (bitumen, rubber, metal, and polymer), application (flooring, walls and ceiling, windows, doors, roofing, and other applications), end user (residential, commercial, and industrial), and geography (China, India, Japan, and Rest of Asia-Pacific). The report offers the market size and forecasts in value (USD billion) for all the above segments. The report also covers the impact of COVID-19 on the market.
|Walls and Ceiling|
|Rest of Asia-Pacific|
Key Market Trends
Asia-Pacific to Hold a Major Share of the Building and Construction Sheets Market
From 2018 to 2021, Asia-Pacific was the region with the biggest share of the roofing market worldwide. By 2027, liquid roofing in Asia is expected to reach a value of 5.4 billion In building and construction sheets market, Asia Pacific had the most customers. Growing demand for construction activities as a result of rising population and increasing number of manufacturers is one of the primary factors driving the growth of the building and construction sheets market in this region. During the projection period, the Asia Pacific market is projected to be followed by the markets in North America and Europe.
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Growing Demand for Polycarbonate Sheets
The applicability of polycarbonate sheets in various end-user industries is increasing due to their exceptional physical and chemical properties. Thermoplastic polymers are highly efficient and preferred in the automotive industry because of the growing demand for lightweight, high-performance, and recyclable materials for exterior and interior parts applications.
Governments of various emerging countries, such as China and India, are increasingly investing in infrastructure development, leading to a rise in construction activities in these countries. An increase in the number of construction projects has led to the growth in demand for roofing solutions in both residential and industrial construction sectors. Thus, the increase in demand for transparent roofing products from the building and construction industry is projected to drive the growth of the polycarbonate sheets market.
Polycarbonate sheet is the most favored material in the production of optical discs, such as CDs, DVDs, and Blu-ray discs. Urbanization and the growing demand for better home video entertainment, especially in developing countries with slower internet speed, have led to higher consumption of content through Blu-ray discs. The demand for optical media-grade polycarbonate sheets has also increased in these countries.
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Asia-Pacific buildings and construction sheets market is highly fragmented, with no player holding a significant share to influence the market. Some of the key players in the market include Asia Poly Industrial Sdn Bhd, Hindalco Ind Ltd, Mitsubishi Chemical, Ray Chung Acrylic, and Shen Chuen Acrylic.
December 2021: Hindalco Industries Limited, Aditya Birla Group’s metals flagship and the world’s largest aluminum rolling and recycling company, signed a definitive agreement to acquire Hydro’s aluminum extrusions business in India for an enterprise value of INR 247 crores. This acquisition from Hydro, the Norway-headquartered aluminum and energy company, brings into the Hindalco fold an integrated facility located in Kuppam, Andhra Pradesh, an experienced team of employees, and the ability to serve a robust portfolio of reputed customers.
November 2021: Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group, announced the acquisition of a 100% equity stake in Ryker Base Pvt. Ltd (Ryker), a wholly-owned subsidiary of Polycab India Limited. The acquisition will be through Hindalco’s wholly-owned subsidiary, Renuka Investments & Finance Ltd. The purchase consideration for the equity stake is based on an enterprise value of INR 323 crores, subject to customary adjustments for working capital and net debt as of the date of closing.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Technological Innovations in Building and Construction Sheets
4.3 Industry Value Chain/Supply Chain Analysis
4.4 Impact of Government Regulations and Initiatives in Building and Construction Sheets Industry
4.5 Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitutes
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.2.2 Walls and Ceiling
6.2.6 Other Applications
6.3 End User
6.4.4 Rest of Asia-Pacific
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.1 Company Profiles
7.1.1 Asia Poly Industrial Sdn Bhd
7.1.2 Hindalco Ind Ltd
7.1.3 Mitsubishi Chemical
7.1.4 Ray Chung Acrylic
7.1.5 Shen Chuen Acrylic
7.1.6 Fletcher Building Limited
7.1.7 Kashyap Unitex Corporation
7.1.8 Kansal Colour Roofings India Pvt. Ltd
7.1.9 Exodus Ispat Pvt. Ltd
7.1.10 Bansal Roofing Products Ltd*
8. FUTURE OF THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Asia-Pacific Building and Construction Sheets Market market is studied from 2018 - 2027.
What is the growth rate of Asia-Pacific Building and Construction Sheets Market ?
The Asia-Pacific Building and Construction Sheets Market is growing at a CAGR of >6% over the next 5 years.
Who are the key players in Asia-Pacific Building and Construction Sheets Market ?
Asia Poly Industrial Sdn Bhd, Hindalco Ind Ltd, Mitsubishi Chemical, Raychung Acrylic, Shen Chuen Acrylic are the major companies operating in Asia-Pacific Building and Construction Sheets Market .