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Waterproofing Chemicals Market Share, Key Market Players, SWOT, Revenue Growth Analysis 2030

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Waterproofing Chemicals Market Share, Key Market Players, SWOT, Revenue Growth Analysis 2030

Waterproofing Chemicals Market Synopsis

Market Research Future (MRFR) asserts that the global Waterproofing Chemicals Market is likely to register a CAGR of 9.88% during the forecast period (2022 - 2030). The burgeoning demand for waterproofing chemicals from construction activities is contributing to the market growth. The waterproofing chemical can be defined as a synthetic chemical product that protects the structure from percolation and penetration of water. Excessive penetration of water in buildings can limit the life span and also cause accidental damage to the structure besides metal, electrical, and other structural hazards. Waterproofing chemicals are generally applied to the exterior of the foundation or are mixed with the construction application.

Market Potential and Pitfalls

The waterproofing chemical market is experiencing a breakneck speed across the globe and is estimated to garner 32,915.00 million by the end of 2023. The bolstering demand for waterproofing chemicals from the rapidly expanding construction activities especially in the developing economies coupled with the surging demand from roofing and walls application are some of the top factors considered to contribute to the market growth. The rapid growth in the construction industry has further contributed to the market growth. There are several applications of waterproofing chemicals which include preventing buildings from leakage and seepage caused due to moisture and water. The rapid growth in industrialization and urbanization across the world have resulted in the expansion of the construction sector which is further likely to encourage the growth of waterproofing chemicals. Moreover, with the increased cost of raw materials coupled with the rising labor wages, the waterproof chemicals market is likely to gain impetus.

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On the contrary, the cost-sensitive nature of waterproofing chemicals owing to the fluctuating prices in crude oil and price-conscious consumers are some of the top barriers vitiating the growth trajectory of the market during the appraisal period. On a brighter note, the water management and landfill sector are likely to offer new growth opportunities.

Competitive Dashboard

The prominent players operating in the waterproofing chemicals market comprises BASF SE (Germany), Sika AG (Switzerland), Wacker Chemie AG (Germany), DowDuPont (The U.S.), Pidilite Industries Ltd. (India), RPM International Inc. (The U.S.), Carlisle Companies Inc. (The U.S.), Mapei S.p.A (Italy), Drizoro S.A.U. (Spain), Fosroc (U.K), Soprema Inc. (The U.S.), and Conpro Chemicals Pvt. Ltd (India).

Global Waterproofing Chemicals Market: Segmental Analysis

The global waterproofing chemicals market has been segmented on the basis of type and application.

By mode of type, the global Waterproofing Chemicals Market Growth Forecast has been segmented into PVC, bitumen, TPO, PVC, EPDM, and others. Among these, the bitumen segment is likely to gain prominence in the coming years as bituminous coatings and membranes provide exceptional waterproofing attributes and offer good traffic resistance, high toughness, excellent resistance to UV light, and excellent high-resistance properties.

By mode of application, the global waterproofing chemicals market has been segmented into walls, roofing, basement, flooring, tunneling, and others. Among these, the roofing and walls segments are estimated to dominate the application segment owing to the successful implementation of waterproofing chemicals in the commercial & residential construction industry.

Regional Insights

Geographically, the waterproofing chemicals market span across regions namely, Europe, Asia Pacific, Latin America, North America, and the Middle East & Africa.

Considering the global scenario, the APAC region is estimated to dominate the market. The region demonstrated the largest share and is predicted to expand at 10.88% CAGR. The growth can be ascribed to the surging demand for waterproofing chemicals by the end-user industries like construction coupled with several technological advancements. Also, expansions, mergers and acquisitions, and R&D activities have further contributed to the market growth in this region. Waterproofing chemicals in this region are cost-effective which further propels its growth. Meanwhile, strict government mandates and policies and fluctuations in raw materials are acting as a bottleneck to the growth trajectory of the market in this region.

The North American region is predicted to occupy the second largest spot in the global market. In this region, the U.S. is considered to be dominating one due to the surging demand from the reconstruction activities.

Industry Updates

March 23, 2019: Beijing Oriental Yuhong Waterproof Technology Co., Ltd. and Wacker Chemie AG has recently launched a joint lab project in Beijing which aims at strengthening the upstream-downstream cooperation in the waterproof coatings sector.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Market Research Future

Office No. 524/528, Amanora Chambers

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: [email protected] 

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