Single-ply Membrane Market Size

Statistics for the 2023 & 2024 Single-ply Membrane market size, created by Mordor Intelligence™ Industry Reports. Single-ply Membrane size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Single-ply Membrane Industry

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Asia-Pacific Single-ply Membrane Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 5.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

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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.

Asia-Pacific Single-ply Membrane Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)