Waterproofing Chemicals Market 2021

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Waterproofing Chemicals MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Waterproofing Chemicals MARKET 2020
Waterproofing Chemicals Market 2020 Industry
Survey, Growth, CompetitiveLandscape and
Forecasts to 2023
Waterproofing chemicals are used to prevent
damage to the structure caused by water clogging
and seepage when exposed to extreme weather
condition such as heavy rains. It helps to
enhance the durability and life of an edifice.
Waterproofing chemicals are widely used in the
construction industry either in the form of an
emulsion or as a waterproofing membrane. The
global waterproofing chemicals market is
estimated to reach USD 32,915.00 million by 2023
and is expected to grow at a CAGR of 9.86 during
the forecast period. The prominent factors
favoring the growth of the market are growing
demand for waterproofing chemicals from rapidly
increasing construction and infrastructural
activities in developing countries and growing
demand for the waterproofing chemicals from
roofing and walls application. However, the
growth trajectory of the market is likely to be
hampered by the cost-sensitive nature of the
market owing to the fluctuating crude oil prices
and price-conscious consumers, especially, in
developing countries. Nevertheless, in coming
years, the scope of the application for the
waterproofing chemicals is likely to widen with
its rising use in landfill and water management
applications.
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Waterproofing Chemicals MARKET 2020
Market Segmentation The global waterproofing
chemicals market has been segmented on the basis
of type, application, and region. On the basis of
the type, the market has been classified into
bitumen, PVC, TPO, and EPDM, among others. Other
waterproofing chemicals include polyurethane,
silicone, polyethylene, and acrylic polymer.
Among these types, bitumen held the largest share
of the market in 2016 and is estimated to reach
USD 17192.83 million by 2023. This is attributed
to easy availability and lower price of the
bitumen as compared to its counterparts. However,
TPO has been estimated to grow at the highest
CAGR owing to its maximum recyclability and lower
environmental impact. Based on the applications,
the global waterproofing chemicals market is
segmented into roofing, walls, flooring,
basement, tunneling, and others. Among these
applications, the roofing and walls together hold
over 50 share of the market due to higher
vulnerability of the roof and walls to the
rainwater. During the years to follow, the
roofing application segment is projected to
retain its dominance and is estimated to grow at
the highest CAGR of 11.35 to reach USD 12640.80
million by the end of the review period. Enquiry
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Waterproofing Chemicals MARKET 2020
Regional Analysis
The global waterproofing chemicals market is
spanned across Asia Pacific, Europe, North
America, Latin America, and the Middle East
Africa. As per MRFR analysis, Asia Pacific is
likely to dominate the global market during the
forecast period. In 2016, the region accounted
for the largest share of the market and is
estimated to grow at a CAGR of 10.88. Asia
Pacific market is followed by North America,
which was accounted for the second largest
waterproofing chemicals market in the globe as of
2016. The U.S. is dominating the market on
account of growing demand from surging
reconstruction activities in the country. The
region is estimated to reach USD 7,201.60 million
by the end of 2023. Europe is a substantial
region in the market, which accounted for 17
share of the market as of 2016. Country wise,
China is the leading in the global waterproofing
chemicals market, in terms of value and volume.
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Waterproofing Chemicals MARKET 2020
Application Major Players in this Research
Waterproofing Chemicals Market Prominent
Players Market Research Future (MRFR) recognizes
the following companies as the key players in the
global waterproofing chemicals market that
includes 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.
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