Waterproofing Chemicals Market Size Share, Growth, Opportunities & Competitive Analysis and Forecast To 2022 – by Credence Research
According to a new market report published by Credence
Research, “Waterproofing Chemicals Market -
Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 -
2022,” the waterproofing chemicals market was valued at US$ 6.35 Bn
in 2015, and is expected to reach US$ 10.46 Bn by 2022, expanding at a CAGR of
7.4% from 2016 to 2022.
Browse the full Waterproofing
Chemicals Market (Bitumen & Polymers) for Roofing, Walls, Buildings,
Tunnels, Landfills and Other Applications- Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/waterproofing-chemicals-market
Market Insights
Waterproof by its name denotes object
which is water resistant or can withstand water under specific conditions. The
chemicals which are used as admixtures in the concrete are known as
waterproofing chemicals. Concrete is the vital building material used on
everything ranging from residential projects to water treatment plants and
tunnels. Concrete is a hard and dense material but still consist of pores which
make it susceptible to deterioration and damage from chemical or water
penetration. In this case, all residential and commercial projects require
waterproofing systems.
Waterproofing chemicals are
categorized as product types into two segments; Bitumen and Polymers. Bitumen
waterproofing chemicals are especially used for maintenance of residential and
commercial buildings. Bitumen waterproofing chemicals are produced using
organic liquids which are highly sticky, waterproof and viscous in nature.
Polymers such as TPO, PVO, EPDM, etc. are used for coating water tanks, slabs,
roof tops, etc. These polymers provide high waterproofing ability, strong
masonry bond and improves the strength and durability of walls, slab, etc.
Bitumen waterproofing is used on a large scale due to its organic nature.
Therefore, bitumen waterproofing chemicals are on high demand in the market.
Growing building and construction
Industry in the emerging economies is expected to boost demand for
waterproofing chemicals market. Asia Pacific is expected to experience the
highest demand as compared to North America, Europe, Latin America and Rest of
the World. Rising demand from the plastic and paints and coatings industry is
projected to fuel growth of global waterproofing chemicals market.
Competitive Insights
Roofing application is expected to
lead the global waterproofing chemicals market in 2015. Waterproofing chemicals
market is mixed with concrete or a layer of waterproofing chemicals is applied
on the roof to make its water resistant and to avoid leakage problems. These
chemicals have served best to their requirement and hence have high demand from
the building and construction industry. One among the driving factors of global
waterproofing chemicals market is use of advanced material in the construction
which ensures high quality of the finished products. Hence, these chemicals are
used for other applications such as buildings, tunnels, walls, landfills, etc.
Building accounted for the second largest application of waterproofing
chemicals market and is expected to retain its position during the forecast
period. Other applications are also anticipated to fuel growth of global
waterproofing chemicals market during the forecast period from 2016 to 2022.
The major players leading the global
waterproofing chemicals market include Pidilite, SIKA AG, BASF and Forsoc among
others. They players dominate the global market in terms of sales, production
and research and development. Hence, high competition is observed in the market
among the key players of global waterproofing chemicals market.
Key Trends
·
Increased globalization
·
Use of advanced materials in
construction
·
Changing government policies
·
Increased focus on quality material
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