Rising awareness among end-users regarding cost-effective waterproofing chemicals coupled with growing construction industry is driving market growth. Also, increasing expenditure on infrastructural development, ongoing rapid industrialization, and increasing public infrastructural places is presumed to foster the market growth. Additionally, rising demand for eco-friendly waterproofing chemical is likely to offer new opportunity growth to the waterproofing chemicals market.
As per the latest report added by Value Market Research, the Global Waterproofing Chemicals Market was valued at USD 7,102.9​ MN in 2017 and is projected to reach USD 11,438.1 MN by 2024, with a CAGR of 7.10%. Whereas, by volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
BITUMEN LED THE PRODUCT SEGMENT
Bitumen dominated the product segment in 2017 owing to superior properties such as high viscosity, better binding nature, and resistance to UV light, are the traits driving the market growth. Rising use of bitumen as an eco-friendly construction material will enable its application in green construction, thereby driving the demand of the product.
ROOFING LED THE APPLICATION SEGMENT
Roofing dominated the application segment owing to increase in infrastructural developments such as repairing and renovation of roofs. Moreover, the ability of waterproofing chemicals to resist water from entering into the concrete is another major factor in fostering the market demand.
BY REGION, ASIA-PACIFIC DOMINATED THE MARKET
In 2017, Asia-Pacific dominated the regional segment and is presumed to reach USD 4,715.3 MN by end of the year 2024. Booming construction sector along with the ongoing industrialization of emerging countries such as India & China is driving the regional market growth.
MAJOR PLAYER OF WATERPROOFING CHEMICAL 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 are the major manufacturers of the waterproofing chemical market.
As per this study the global waterproofing chemicals market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Waterproofing chemicals are a mixture of chemical compounds that waterproof surface to protect the structural integrity of the building. It increases the shelf life of concrete surfaces and offers durability to infrastructures. Many of these waterproofing chemicals are environmentally friendly, non-flammable, non-toxic, and resistant to temperatures. These chemicals are used in various applications to provide chemical and corrosion barrier in construction activities such as roofing, walls, buildings, mining, tunnel lines, landfills, and other structural surfaces.
Market Dynamics
Increasing infrastructural investment, growing awareness about waterproofing chemicals and cost-effectiveness have been major factors driving the market growth. Increasing number of construction activities of public infrastructure spaces, such as tunnels, bridges pavements, and public utility centers, and roads, are also expected to enhance the demand for waterproofing chemicals during the forecast period. Emerging economies such as India, China, and Malaysia in Asia Pacific region, Brazil in Latin America and Mexico in North America are expected to be the prime markets for waterproofing chemicals. This is mainly due to rapid urbanization in these markets. However, volatile prices of raw material may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of waterproofing chemicals.
Market Segmentation
The broad waterproofing chemicals market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Bitumen
- APP (Atactic Polypropylene)
- SBS (Styrene-Butadiene-Styrene)
- Others
- Polymers
- TPO (Thermoplastic PolyOlefin)
- PVC (Polyvinyl Chloride)
- EPDM (Ethylene Propylene Diene Terpolymer)
- Others
- Other (Stones, Etc.)
By Application
- Roofing
- Walls
- Buildings
- Tunnels
- Landfills
- Others (Structures, Etc.)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for waterproofing chemicals in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Waterproofing Chemicals Market Share by Region (Representative Graph)​
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the waterproofing chemicals market includes Asian Paints Limited, BASF SE, Dow Chemical Company, E.I. DuPont De Nemours & Co., Evonik Industries, ExxonMobil Chemicals, Mitsubishi Chemical Holdings Company, Pidilite Industries Ltd., Bostik Inc., Polygel Industries, Royal Dutch Shell Plc., SIKA AG, and Zeon Corporation. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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