Waterproofing Chemicals Market size is anticipated to surpass of CAGR 9.86% by 2023, as reported in the latest study by Market Research Future.

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Waterproofing Chemicals Market Research Report-
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Waterproofing Chemicals Market - 2023
Global Waterproofing Chemicals Market
information by Type (bitumen, PVC, TPO, EPDM, and
others), by Application (roofing, walls,
flooring, basement, tunneling, and others), and
by Region (Asia Pacific, Europe, North America,
Latin America, and Middle East Africa,) -
Forecast till 2023 Market Synopsis of Global
waterproofing chemicals market Waterproofing
chemical is a synthetic chemical product that
protect the structure from water penetration and
percolation. Excess water penetration in
buildings can shorten their life span and may
cause an accidental damage to the structure,
apart from electrical, metal and other structural
hazards. It is generally applied to the exterior
of a foundation system or mixed with a
construction application. Application of
waterproofing confer significant advantages to
the building or a substrate such as lower
maintenance cost of buildings, sustainable
edifice and protection from extreme weather
conditions. The global waterproofing chemicals
market has been estimated to grow at CAGR of
9.86 to reach USD 32,915.00 million till 2023.
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. However, the cost
sensitive nature of the market due to the
fluctuating crude oil prices and price conscious
consumers is posing as a substantial bottleneck
in the growth trajectory of the market,
especially in emerging economies. Nevertheless,
the landfill and water management sector is
likely to be the great opportunity for further
application of waterproofing chemicals in near
future.
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Waterproofing Chemicals Market - 2023
Regional Analysis Geographically, the global
waterproofing chemicals market is spanned across
five key regions Asia Pacific, Europe, North
America, Latin America, and the Middle East
Africa. Asia Pacific held the largest share of
the market in 2016, and is projected to grow at
the highest CAGR of 10.88 during the forecast
period. The dominance of Asia Pacific region is
mainly due to the rising urbanization and swift
industrialization of the emerging economies in
this region. Asia Pacific region is followed by
North America, which accounted for the second
largest market share, as of 2016. It is estimated
to reach USD 7,201.60 million by 2023. The U.S
held the largest share of the market in North
America and expected to remain dominant
throughout the forecast period owing to greater
penetration of end user industries in the
country. Europe is another substantial region in
the global waterproofing chemicals market. It
accounted for a considerable market share of 17,
in 2016. Germany is the leading market in this
region dominating the regional market on account
of increasing demand from the roofing and
basement application. Europe is followed by
Middle East Africa and Latin America which
estimated to grow at significant rate during the
review period. Segmentation The global
waterproofing chemicals market is segmented on
the basis of type, application, and region. On
the basis of type, market is categorized into
bitumen, PVC, TPO, EPDM, and others. By
application, the market is divided into roofing,
walls, flooring, basement, tunneling, and
others. Geographically, the global waterproofing
chemicals market is segmented into Asia Pacific,
Europe, North America, Latin America, and the
Middle East Africa.
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Waterproofing Chemicals Market - 2023
Key Players The prominent players in the global
waterproofing chemicals market are Sika AG
(Switzerland), BASF SE (Germany), DowDuPont (The
U.S.), Wacker Chemie AG (Germany), RPM
International Inc. (The U.S.), Pidilite
Industries Ltd. (India), Mapei S.p.A (Italy),
Carlisle Companies Inc. (The U.S.), Fosroc (U.K),
Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd
(India), and Soprema Inc. (The U.S.), among
others. Key Findings The global waterproofing
chemicals market is projected to reach USD
32,915.00 million by the end of 2023 at a CAGR of
9.86. Asia Pacific is accounted for the largest
share due to high penetration of major end use
industries in the region. China is the largest
market not only in Asia Pacific but also in the
global market. Bitumen held over 52 of the
market in 2016 owing to easy availability and
relative low price. Roofing and walls together
holding more over 50 share of the market and is
expected to be the dominant end user for
waterproofing chemicals market across all
regional segments during forecast
period. Geographic Analysis The global
waterproofing chemicals market is projected to
grow at a CAGR of 9.86 during the review period
2017-2023. Asia Pacific accounted for the largest
share due to growth of major end users in the
region. Roofing is the dominant application
segment in the global waterproofing chemicals
market, during forecast period.
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