Waterproofing Chemicals Market Size Share, Growth, Opportunities & Competitive Analysis and Forecast To 2024
According to Brenda Morle Waterproofing Chemicals Market Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2024
the waterproofing chemicals market was valued at US$ 7.35 Bn in 2016, and is expected to reach US$ 12.48 Bn by 2024, expanding at a CAGR of 8.4% from 2016 to 2024.
Waterproofing Chemicals Market by Product (Bitumen, Polymers, & Others), Technology (Preformed Membranes, Coatings & LAMS, & Integral Systems) and Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Liners, & Others) - Global Opportunity Analysis and Industry Forecast, 2016 To 2024
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
Waterproofing chemicals are a specific set of products that protect the structural integrity of buildings from water penetration. Excess water penetration in buildings can shorten theirlife span, thus leading to electrical, metal and health hazards. Waterproofing chemicals increase the shelf life of concretes and offer durability to infrastructures when applied to the exterior of a foundation system. These functions lower the maintenance cost of buildings. Rise in construction cost and raw material are the driving factors for the waterproofing industry.
Polyurethane, elastomeric coatings, expanded polyethylene, polysulphide sealants, and acrylic polymer are some of the important waterproofing chemicals. These chemicals are available in liquid, solid, and slurry form. Waterproofing chemicals are further segmented into sheet membranes and liquid applied systems. The enduse segments are residential, commercial, and industrial infrastructure development.
With the construction chemical market contributing 9% of global GDP, waterproofing chemical market is set to accelerate itsgrowth in emerging economies including China and India.
With easy availability of raw material and major projects lined up for boosting infrastructure investment, asia pacific is the most profitable market for waterproofing industries. With 26% market share China has overtaken USA in terms of volume. China along with India and other important asia pacific region contributes to half of the global waterproofing market. Asia pacific will see a massive rise in infrastructure owing to China’s main focus on infrastructure under its 12th Five Year Plan and the ‘Make in India’ concept driven by the Indian government. With construction companies flourishing in India due to the rise in skyscrapers and malls, the waterproofing chemical market will gain substantial momentum in the near future. Malaysia is the next potential market for waterproofing chemicalsin the asia pacific region. Malaysian government has allocated US$ 23 billion to boost its infrastructure. These potential market will give steady momentum to waterproofing chemicals.
Europe is the second largest market for waterproofing chemicals. It accounts for nearly one-fourth of the total market share by volume. Europe possesses monumental heritage buildings which need quality care. Also, being an industrialised region, Western Europe will be a profitable destination for waterproofing chemical industries.
North America is the third most profitable destination for chemical industries. This market stumbled after the 21st century economic crisis. Since then it has been witnessing a slow recovery in waterproofing industries. High rise skyscrapers and technological advancement will fuel the growth momentum of waterproofing industries in coming years in this region. Chemical industries and marine industries are the other major sectors which will escalate the demand for waterproofing chemicals.Analysing the profitable trend, this market is set to witness key mergers and acquisitions of small and medium-sized enterprises(SME) companies by big business enterprises.
Latin America is the third most profitable destination for waterproofing chemicals market. Being the next Olympic destination and a key member of BRICS, many new infrastructure investmentshave been lined up in Brazil. This will fuel growth inthe waterproofing chemical market. Though, Latin America will be a major destination for chemical industries in near future, CAGR growth will be moderate in comparison to the asia pacific and European markets.
BASF, SIKA AG, Forsoc, and Pidlite are the major players in waterproofing chemicals segment.
With major companies investing 3% of their sales revenue in R&D, this market is set to flourish in emerging economies. The demand for eco-friendly chemicals is further accelerating the waterborne coatings market. Rising population in China and India are the other key drivers for this industry. With low cost and less sophisticated technologies,liquid applied membranes in the waterproofing chemical segment will witness a massive rise among developing economies. Low awareness levels, lack of skilled labour, and inconsistent export policies in some of the major emerging economies will be the major causes of concern among chemical industries.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:
Market outlook of the global waterproofing chemicals market
Technavio’s market research analyst predicts the global waterproofing chemicals market to grow steadily at a CAGR of approximately 6% by 2020. Rapid urbanization and the recent increase in disposable income will lead to augmented spending in the renovation of residential buildings. This increase in the level of spending will foster growth in the waterproofing chemicals market as re-roofing activities involve the extensive use of waterproofing chemicals.
In this market study, analysts estimate eminent factors, such as the rising popularity of green roofing techniques, to drive market growth during the forecast period. The techniq
Building structures
The leakage of water in buildings is a very common issue in the construction industry. It can weaken the structures, eventually decreasing the lifespan of the building. As a solution to this problem, it is important for the structures to be water resistant.
“Dampness also arises in the structures due to the lack of waterproofing. It damages the paint and promotes the growth of fungi and molds, resulting in the decreased lifespan of the building. Advantages of using waterproofing chemicals in building structures are improved adhesion to concrete, asbestos, steel or other metal surfaces, increased durability of the concrete structures, resistant to ultraviolet rays, reduced microorganism and fungal attacks, minimized corrosion, non-toxic and environment-friendly,” adds Shakeel.
Landfills and tunnels
Leakage in tunnels is a very critical concern. It can collapse the ceiling, causing a serious threat to people under it. In the case of landfills, leachates are a very important issue to be concerned about. Modern landfills are constructed with the leachate collection and escaping system. The leakage of leachate proves to be risky as it might lead to the groundwater pollution. Thus, waterproofing solutions are necessary for landfills and tunnels to prevent unexpected accidents and pollution.
Waterproofing in tunnels is quite important. If there is proper waterproofing in tunnels, it prevents penetration of moisture and chemicals inside the concrete and steel components of the tunnel. Waterproofing protects the structure from corrosion and makes the structure durable, leak-free and thus, eventually increasing the life of the tunnel. Waterproofing for tunnels accounts for the minor additional cost.
the waterproofing chemicals market was valued at US$ 7.35 Bn in 2016, and is expected to reach US$ 12.48 Bn by 2024, expanding at a CAGR of 8.4% from 2016 to 2024.
Waterproofing Chemicals Market by Product (Bitumen, Polymers, & Others), Technology (Preformed Membranes, Coatings & LAMS, & Integral Systems) and Application (Roofing & Walls, Floors & Basements, Waste & Water Management, Liners, & Others) - Global Opportunity Analysis and Industry Forecast, 2016 To 2024
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
Waterproofing chemicals are a specific set of products that protect the structural integrity of buildings from water penetration. Excess water penetration in buildings can shorten theirlife span, thus leading to electrical, metal and health hazards. Waterproofing chemicals increase the shelf life of concretes and offer durability to infrastructures when applied to the exterior of a foundation system. These functions lower the maintenance cost of buildings. Rise in construction cost and raw material are the driving factors for the waterproofing industry.
Polyurethane, elastomeric coatings, expanded polyethylene, polysulphide sealants, and acrylic polymer are some of the important waterproofing chemicals. These chemicals are available in liquid, solid, and slurry form. Waterproofing chemicals are further segmented into sheet membranes and liquid applied systems. The enduse segments are residential, commercial, and industrial infrastructure development.
With the construction chemical market contributing 9% of global GDP, waterproofing chemical market is set to accelerate itsgrowth in emerging economies including China and India.
With easy availability of raw material and major projects lined up for boosting infrastructure investment, asia pacific is the most profitable market for waterproofing industries. With 26% market share China has overtaken USA in terms of volume. China along with India and other important asia pacific region contributes to half of the global waterproofing market. Asia pacific will see a massive rise in infrastructure owing to China’s main focus on infrastructure under its 12th Five Year Plan and the ‘Make in India’ concept driven by the Indian government. With construction companies flourishing in India due to the rise in skyscrapers and malls, the waterproofing chemical market will gain substantial momentum in the near future. Malaysia is the next potential market for waterproofing chemicalsin the asia pacific region. Malaysian government has allocated US$ 23 billion to boost its infrastructure. These potential market will give steady momentum to waterproofing chemicals.
Europe is the second largest market for waterproofing chemicals. It accounts for nearly one-fourth of the total market share by volume. Europe possesses monumental heritage buildings which need quality care. Also, being an industrialised region, Western Europe will be a profitable destination for waterproofing chemical industries.
North America is the third most profitable destination for chemical industries. This market stumbled after the 21st century economic crisis. Since then it has been witnessing a slow recovery in waterproofing industries. High rise skyscrapers and technological advancement will fuel the growth momentum of waterproofing industries in coming years in this region. Chemical industries and marine industries are the other major sectors which will escalate the demand for waterproofing chemicals.Analysing the profitable trend, this market is set to witness key mergers and acquisitions of small and medium-sized enterprises(SME) companies by big business enterprises.
Latin America is the third most profitable destination for waterproofing chemicals market. Being the next Olympic destination and a key member of BRICS, many new infrastructure investmentshave been lined up in Brazil. This will fuel growth inthe waterproofing chemical market. Though, Latin America will be a major destination for chemical industries in near future, CAGR growth will be moderate in comparison to the asia pacific and European markets.
BASF, SIKA AG, Forsoc, and Pidlite are the major players in waterproofing chemicals segment.
With major companies investing 3% of their sales revenue in R&D, this market is set to flourish in emerging economies. The demand for eco-friendly chemicals is further accelerating the waterborne coatings market. Rising population in China and India are the other key drivers for this industry. With low cost and less sophisticated technologies,liquid applied membranes in the waterproofing chemical segment will witness a massive rise among developing economies. Low awareness levels, lack of skilled labour, and inconsistent export policies in some of the major emerging economies will be the major causes of concern among chemical industries.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications. The report covers exhaustive analysis on:
Market outlook of the global waterproofing chemicals market
Technavio’s market research analyst predicts the global waterproofing chemicals market to grow steadily at a CAGR of approximately 6% by 2020. Rapid urbanization and the recent increase in disposable income will lead to augmented spending in the renovation of residential buildings. This increase in the level of spending will foster growth in the waterproofing chemicals market as re-roofing activities involve the extensive use of waterproofing chemicals.
In this market study, analysts estimate eminent factors, such as the rising popularity of green roofing techniques, to drive market growth during the forecast period. The techniq
Building structures
The leakage of water in buildings is a very common issue in the construction industry. It can weaken the structures, eventually decreasing the lifespan of the building. As a solution to this problem, it is important for the structures to be water resistant.
“Dampness also arises in the structures due to the lack of waterproofing. It damages the paint and promotes the growth of fungi and molds, resulting in the decreased lifespan of the building. Advantages of using waterproofing chemicals in building structures are improved adhesion to concrete, asbestos, steel or other metal surfaces, increased durability of the concrete structures, resistant to ultraviolet rays, reduced microorganism and fungal attacks, minimized corrosion, non-toxic and environment-friendly,” adds Shakeel.
Landfills and tunnels
Leakage in tunnels is a very critical concern. It can collapse the ceiling, causing a serious threat to people under it. In the case of landfills, leachates are a very important issue to be concerned about. Modern landfills are constructed with the leachate collection and escaping system. The leakage of leachate proves to be risky as it might lead to the groundwater pollution. Thus, waterproofing solutions are necessary for landfills and tunnels to prevent unexpected accidents and pollution.
Waterproofing in tunnels is quite important. If there is proper waterproofing in tunnels, it prevents penetration of moisture and chemicals inside the concrete and steel components of the tunnel. Waterproofing protects the structure from corrosion and makes the structure durable, leak-free and thus, eventually increasing the life of the tunnel. Waterproofing for tunnels accounts for the minor additional cost.
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