Rising development of residential & commercial buildings, rapid industrialization, and increasing adoption of innovative water proofing membrane technologies to drive India bituminous roofing sheet market through 2023
According to TechSci Research report, “India Bituminous Roofing Sheet Market By Type, By Sales Channel, Competition Forecast & Opportunities, 2013-2023’’, India bituminous roofing sheet market is forecast to cross $ 66 million by 2023, owing to rising development of residential & commercial spaces, establishment of industrial plants coupled with growing demand for warehouses across the country. Moreover, continuous increase in the disposable income of rural population of India and increasing awareness has resulted in higher demand for bituminous roofing sheets over the last few years. Additionally, various government programs like Indira Niwas Yojna, Golden Jubilee Rural Housing Scheme and Pradhan Mantri Adarsh Gram Yojna Finance are boosting rural housing market, which is further augmenting the demand for bituminous roofing sheets. According to the General Statistics Office of India, the FDI inflows in the development of townships, built-up infrastructure and other construction development projects has increased from $ 7.96 billion in 2015 to about $12.36 billion in 2017.
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Atactic Polypropylene (APP) modified bituminous sheets are majorly used in India due to their higher softening point and resistance to degradation. The APP-modified membranes are best suited for tropical countries like India due to their dust-resistance, higher melting point and ability to apply hot torching, unlike SBS modified sheets. The high rate of failure of the single-layered APP-membranes in terms of leakage and fragile joints has led manufacturers to focus more on 2-ply APP membranes in India. Among regions, southern India generates the highest demand for bitumen roofing sheets on the back of large number of housing units and flourishing industries in the region.
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“Requirement of higher tensile strength and more durability in construction projects is pushing customers to opt for polymer modified bitumen over traditional bituminous built-up roofing systems, thereby fueling growth in the market. Moreover, the Civil Aviation Ministry of India, and the Airports Authority of India is focusing on upgrading and maintaining airports and have also sanctioned Green Field Airports, which would further boost India bituminous roofing sheet market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Bituminous Roofing Sheet Market By Type, By Sales Channel, Competition Forecast & Opportunities, 2013-2023” has evaluated the future growth potential of bituminous roofing sheet market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India bituminous roofing sheet market.
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