Rising Industrialization to Boost Demand for Bituminous Roofing Sheets across India
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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Market"
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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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