As per the latest report added by Value Market Research, the Global Waterproofing Chemicals Market was valued at USD 7,102.9 Million in 2017 and is projected to reach USD 11,438.1 Million by 2024. The estimated growth from 2018 to 2024 is close to CAGR 7.10%. Waterproofing chemicals refers to a specialty chemical that arrest or inhibit the permeability of water or moisture on the surface of various materials including cement, concrete, electronic goods, leather, fabric, paper, and woods. They generally function as two types, the one which acts as a coating material in the form of membrane/sheets and the other which are used as an additive in protective paints.
The report estimates and forecasts that the ongoing urbanization and industrialization along with the upswing of the construction sector is likely to boost the demand for waterproofing chemicals. Also, growing high-scale projects such as bridge, dam, road, etc. are expected to further propel the growth of the market in next six years. Also, rising expenditure on new construction projects as well as renovations is expected to fuel the demand for waterproofing chemical.
The report "Global Waterproofing Chemicals Market Report By Product (Bitumen, Polymers, And Others), Application (Roofing, Walls, Buildings, Tunnels, and Landfills) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2017-2024” - includes various market aspects such as drivers, restraints, opportunities and trends along with their impact on demand during the forecast period.
The report comprises the segmentation of the market on the basis of product, application, and region. Based on the product the market is divided into bitumen, polymers, and others. Out of which, bitumen dominated the product segment owing to excellent properties such as high viscosity, superior binding nature, and resistance to UV light. By application, the market is segregated into roofing, walls, buildings, tunnels, and landfills. Among these, the roofing is dominating the segment owing to rise in infrastructural developments such as repairing and renovation of existing old construction. In terms of region, the market is analyzed across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific is ruling the waterproofing chemical owing to expanding construction sector along with the ongoing industrialization in emerging countries such as India & China is driving the regional market growth.
The Report Segments Global Waterproofing Chemicals Market -
Asian Paints Limited, BASF SE, Bostik Inc., Dow Chemical Company, E.I. DuPont De Nemours & Co., Evonik Industries, ExxonMobil Chemicals, Mitsubishi Chemical Holdings Company, Pidilite Industries Ltd., Polygel Industries, Royal Dutch Shell Plc, SIKA AG and Zeon Corporation.
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