Waterproofing Chemicals Market by Product (Polymers, Bitumen, and Others) by Technology (Integral Systems, Preformed Membranes, and Coatings & LAMS) for Roofing & Walls, Waste & Water Management, Floors & Basements, Tunnel Liners, and Others Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Global waterproofing chemicals market expected to reach USD 43.08 billion in 2024, growing at a CAGR of 12% between 2018 and 2024. Waterproofing chemicals increase the life of any infrastructure work. Moreover, it prevents the water penetration or water leakage, which can be acquired with the help of waterproofing chemicals.

24-Aug-2018 | Number of pages: 110 | Report Code: ZMR-478 | Report Format : | Status : Published

Analysis

Waterproofing chemicals increase the life of any infrastructure work. Moreover, it prevents the water penetration or water leakage, which can be acquired with the help of waterproofing chemicals. Water penetration causes electrical and metal hazards along with the decreased life of any big infrastructure.

Rising demand from developing countries and growing quality of construction is expected to drive the global waterproofing chemicals market. However, sluggish construction sector growth in Europe is anticipated to impede the growth of the market. Nevertheless, rising construction in developing countries and need of water management in the Asia Pacific are likely to open new opportunities for the market of the global waterproofing chemicals within the years to come.

Global Waterproofing Chemicals Market

The waterproofing chemicals market is fragmented into the product, technology, application, and region. In terms of the product, the market is categorized into polymers, bitumen, and others. Among all other products, bitumen segment accounted for the largest market share in 2017. It is rapidly used in coatings & LAMs and preformed membranes as bitumen waterproofing membrane. In terms of technology, the market is categorized into integral systems, preformed membranes, and coatings & LAMS (liquid applied membrane systems). In terms of application, the waterproofing chemicals market is segmented into roofing & walls, waste & water management, floors & basements, tunnel liners, and others. Roofing & walls application accounted for the largest market share in 2017. Rising demand from residential and commercial constructions in developing countries is anticipated to fuel the waterproofing chemicals market during the forecast period. 

The Asia Pacific is the largest market for the waterproofing chemicals products throughout the world followed by Europe and North America. A major development is witnessed in the developing and developed regions such as China, Japan, Indonesia, South Korea, and India. The increasing construction sector owing to the economic boost and rapid industrialization over the past few years in the region, along with increasing investments for the construction and development for the big infrastructure projects in the region is anticipated to boost the waterproofing chemical market in near future. Latin America and the Middle East & Africa are estimated to witness moderate demand in the near future, owing to its less development as compared to Europe and North America.

The key manufacturers in the global waterproofing chemicals market are The Dow Chemical Company, Estop Group, Bostik Inc., Polygel Industries, Thermax Limited, Sika AG, Mitsubishi Chemical Holdings Corporation, ExxonMobil Chemicals, Eastman Chemical Company, and Toray Industries.


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