Waterproofing chemicals market analysis was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2019 to 2025.
Market Outline: Waterproofing Chemicals Market Analysis
Waterproofing is a method to prevent the products or properties from water to provide chemical and corrosion barrier. Waterproofing chemicals are a mixture of different chemical compounds used to facilitate resistance against leakage and increase the durability of the final product. These chemicals are applied as additives and admixtures with the materials such as cement, plastics, colors, inks, paints, mortar, and detergents. Some of the main waterproofing chemicals used are polyethylene, polyurethanes, polysulfide sealants, elastomeric coatings, and acrylic polymer. Waterproofing chemicals are used in various technologies such as performed membranes, coatings, integral systems, and others.
Market Dynamics: Waterproofing Chemicals Market Analysis
Surging demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and growing demand from roofing and walls application are primary factors driving growth of the market. The waterproofing chemicals market grows at a high rate and cost effectiveness of the product drives the market. Improvement in the quality of construction increases the demand for the waterproofing chemicals from the end users. Furthermore, the cost-effectiveness drives the growth of the waterproofing chemicals market. However, factors such as fluctuations in raw material prices and stringent government rules and policies are expected to restrain the market growth during the forecast period.
Market Scope: Waterproofing Chemicals Market Analysis
Waterproofing chemicals market analysis is segmented based on product type, application, and end user
Based on basis of chemistry, market is segmented into the following:
Based on the system/technology, market is segmented into the following:
- Preformed Membrane
- Coatings & LAMs
- Integral Systems
Based on the _application, the market is segmented into the following:
- Roofing & walls
- Floors & basements
- Waste & water management
- Tunnel liners
Regional Analysis: Waterproofing Chemicals Market Analysis
Geographically, waterproofing chemicals market analysis is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia-Pacific and North America are the key commercial markets for waterproofing chemicals, globally. Asia-Pacific accounted for a major share in the overall waterproofing chemical market, in terms of volume, due to the growing building & construction industry in the region. The waterproofing chemicals market is emerging in various countries such as China, India, Saudi Arabia, and Brazil due to increasing industrial activity. Some of the primary drivers of waterproofing chemicals growth are impressive growth of the construction and water management industry, especially in the developing countries of Asia-Pacific region, followed by the increasing demand in mining applications and the cost-effectiveness of the basic waterproofing chemicals, which is further expected to drive the waterproofing chemical market, globally.
Competition Assessment: Waterproofing Chemicals Market Analysis
Some of the players in the waterproofing chemicals market analysis include:
- BASF SE
- The DOW Chemical Company
- Mapei S.P.A
- Carlisle Companies Inc.
- Soprema Group
- Pidilite Industries Limited
- Fosroc International Limited
- Johns Manville Corporation
- Drizoro S.A.U.
- Conpro Chemicals Private Limited
- SIKA AG etc.
Notable Market Developments: Waterproofing Chemicals Market Analysis
- In 2015, a waterproofing solution was launched by BASF GE that makes concrete structures more durable and resistant to weathering for concrete protection in South Asia. The launch has strengthened the reach of the company in the Asian waterproo fing market, resulting in increased revenue in the functional material & solution segment of the company.