Zion Market Research, the market research group announced the analysis report titled “Waterproofing Chemicals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”
Waterproofing Chemicals Market: Overview
One of the factors that increase the durability of any constructional work is its prevention from water leakage or water penetration, which can be acquired with the help of waterproofing chemicals. Water penetration decreases the life of any infrastructure also causing metal, electrical, and health hazards. The application of waterproofing chemicals to the exterior of the foundation system increases the shelf life of the concrete adding durability to the construction work. Another notable benefit due to waterproofing is that it decreases the maintenance cost of buildings.
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Waterproofing Chemicals Market: Segmentation
The segmentation of the waterproofing chemicals market is done on the basis of product, application, and region. On the basis of product, the global market is segmented into polymers and bitumen. Further, on the basis of polymers the, the market is sub-segmented into PVC, TPO, EPDM, and others. Based on bitumen the market is sub-segmented into SBS, APP, and others. On the basis of application, the global waterproofing chemicals market is categorized into roofing, walls, building structures, landfills and tunnels, automotive, textile and leathers, and others. The global market is geographically diversified into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.
Waterproofing Chemicals Market: Growth Factors
The global market for waterproofing chemicals is anticipated to grow owing to the increase in the constructional works such as residential buildings, commercial buildings, landfills and tunnels, and others. Additionally, the increasing awareness among the consumers regarding the importance of waterproofing chemicals has boosted the market growth. Changing climatic conditions also have an adverse effect on the constructional works; hence to increase the durability, waterproofing chemicals are used. Textile and fabrics industry also use waterproofing chemicals for the production of waterproof and breathable fabrics; hence enhancing the demand for the waterproof chemicals in the market. End-user industries such as water management, geomembranes, and tunnel liners also use waterproofing chemicals, thus helping the market to grow. The factor that adds hindrance to the market growth is the high cost of the raw materials which are dependent on the petrochemicals.
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Waterproofing Chemicals Market: Regional Analysis
The construction sector is increasing in emerging economies such as China and India accelerating the growth of the waterproofing chemical market. Malaysia is the potential market for waterproofing chemicals as the government has allocated US$ 23 Billion for developing its infrastructure. Europe, owing to its monumental heritage which requires maintenance and also being an industrialized region, is the second largest market for waterproofing market. Waterproofing market in North America had seen a downfall during the 21st-century economic crisis but ever since then it has seen a progressive recovery. In addition to high rising skyscrapers and technological advancements, sectors such as chemical industry and marine industry are also having a high demand for the waterproofing chemicals in North America. Being the third most profitable destination for chemical industries, key mergers and acquisition of small and medium-sized enterprises by big business enterprises may be witnessed. Latin America has many new infrastructure investment opportunities lined up owing to the fact that it is the member of the BRICS. A growth in the waterproofing industries is seen to be fueled by these opportunities.
Waterproofing Chemicals Market: Competitive Players
Some of the key companies operating in the waterproofing chemicals market include Estop Group, Mitsubishi Chemical Holdings Corporation, Polygel Industries, Sika AG, ExxonMobil Chemicals, Bostik Inc., Toray Industries, Thermax Limited, Eastman Chemical Company, and The Dow Chemical Company. Other major players influencing the global market are Trinseo Europe GmbH, Zeon Corporation, Kumho Petrochemicals, BASF SE, Pidilite Industries Limited, Evonik Industries AG, Fosroc, E.I. DuPont De Nemours & Co., and Choksey Chemicals Pvt. Ltd.
Global Waterproofing Chemicals Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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