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The report covers the waterproofing admixtures market and further segments the market on the basis of type, application, and region. The market data for these types is given with respect to volume (kilotons) and value (USD million). The market size in terms of value of waterproofing admixture is estimated to be USD 2.52 billion in 2015 and is projected to grow at a CAGR of about 8.16% between 2015 and 2020. The data mentioned in the report is based on the global demand for waterproofing admixtures.

The market for waterproofing admixture has been analyzed based on the Porter’s Five Forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the end-user industries. The value chain describes the key contributors to the waterproofing admixtures market at different stages from product development to end use. It represents the top players which are contributing to the waterproofing admixtures industry.

The impact of different market factors, such as drivers, restraints, challenges and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for waterproofing admixtures in Asia-Pacific, especially in China and India where there is a robust growth in the waterproofing admixtures market. The economic slowdown in Europe and U.S. also affected the economies of other developed countries.

The key companies in this market are BASF SE (Germany), W.R. Grace (U.S.), RPM International (U.S.), Sika A.G. (Switzerland), Fosroc International (U.K.), Dow Corning Corporation (U.S.), Wacker Chemie A.G (Germany), Xypex Chemical Corporation (U.S.), Evonik A.G. (Germany), Mapei S.p.A (Italy), and Pidilite Industries (India). These companies are consistently focusing on expanding their production capacities to achieve a competitive advantage and thereby serve the customers more effectively. Expansion was the most preferred strategy by the top players in 2014.


The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, investments and expansions, new product launches, agreements and collaborations undertaken by the leading waterproofing admixtures companies in the past few years. Furthermore, different waterproofing admixtures market participants are also profiled in the report.

Scope of the report
The waterproofing admixtures market is segmented as follows:
The waterproofing admixtures market has been covered in detail in this report. In order to provide an all-round picture, the current market demand, and forecasts have also been included.

On the basis of type:
- Crystalline
- Pore Blocking
- Others


On the basis of application:
- Building & Construction
- Public Infrastructure
- Commercial Space


On the basis of region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
The market is further analyzed for key countries in each of these regions.

Table Of Contents

Waterproofing Admixture Market by Type, by Application - Global Forecast to 2020
TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.2.1 REGIONAL SCOPE 14
1.2.2 MARKETS COVERED 15
1.2.3 YEARS CONSIDERED IN THE REPORT 15
1.3 CURRENCY 15
1.4 LIMITATIONS 15
1.5 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.2 SECONDARY DATA 18
2.2.1.1 Key data from secondary sources 18
2.3 PRIMARY DATA 19
2.3.1.1 Key data from primary sources 19
2.3.1.2 Key industry insights 20
2.3.1.3 Breakdown of primary interviews 20
2.4 MARKET SIZE ESTIMATION 21
2.4.1 BOTTOM-UP APPROACH 21
2.4.2 TOP-DOWN APPROACH 22
2.5 MARKET BREAKDOWN and DATA TRIANGULATION 23
2.6 RESEARCH ASSUMPTIONS and LIMITATIONS 24
2.6.1 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 PREMIUM INSIGHTS 28
4.1 ATTRACTIVE OPPORTUNITIES IN WATERPROOFING ADMIXTURES MARKET 28
4.2 WATERPROOFING ADMIXTURE: LIFECYCLE ANALYSIS, BY REGION 30
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 32
5.2 MARKET SEGMENTATION 32
5.2.1 BY TYPE 32
5.2.2 BY APPLICATION 32
5.3 MARKET DYNAMICS 33
5.3.1 DRIVERS 34
5.3.1.1 High demand in developing countries 34
5.3.1.2 Improving quality and economics of construction 34
5.3.1.3 Growing urbanization trend 34
5.3.2 RESTRAINTS 34
5.3.2.1 Established infrastructure in developed countries 34
5.3.2.2 Unstable economic cycles 34
5.3.3 OPPORTUNITIES 35
5.3.3.1 Utilization of ready-to-mix concrete (RMC) in developing countries 35
5.3.3.2 Development of new products and services 35
5.3.4 CHALLENGES 35
5.3.4.1 Unstable cost of raw materials and energy 35
6 INDUSTRY TRENDS 36
6.1 INTRODUCTION 36
6.2 VALUE-CHAIN ANALYSIS 36
6.3 PORTER'S FIVE FORCES ANALYSIS 37
6.3.1 THREAT 0F NEW ENTRANTS 38
6.3.2 THREAT OF SUBSTITUTES 38
6.3.3 BARGAINING POWER OF BUYERS 38
6.3.4 BARGAINING POWER OF SUPPLIERS 39
6.3.5 DEGREE OF COMPETITION 39
7 WATERPROOFING ADMIXTURES MARKET, BY TYPE 40
7.1 INTRODUCTION 41
7.2 PORE BLOCKING ADMIXTURE 42
7.3 CRYSTALLINE WATERPROOFING ADMIXTURE 43
7.4 OTHER WATERPROOFING ADMIXTURE 45
8 WATERPROOFING ADMIXTURES MARKET, BY APPLICATION 46
8.1 INTRODUCTION 47
8.2 BUILDING and CONSTRUCTION 48
8.3 PUBLIC INFRASTRUCTURE 49
8.4 COMMERCIAL SPACE 50
9 WATERPROOFING ADMIXTURES MARKET, BY REGION 52
9.1 INTRODUCTION 53
9.2 ASIA-PACIFIC 56
9.2.1 CHINA 58
9.2.2 INDIA 59
9.2.3 JAPAN 60
9.2.4 SOUTH KOREA 61

9.3 MIDDLE EAST and AFRICA 62
9.3.1 EGYPT 63
9.3.2 IRAN 63
9.3.3 SAUDI ARABIA 64
9.3.4 U.A.E. 65
9.4 EUROPE 67
9.4.1 TURKEY 69
9.4.2 ITALY 70
9.4.3 POLAND 71
9.4.4 SPAIN 72
9.4.5 GERMANY 72
9.4.6 FRANCE 73
9.5 NORTH AMERICA 75
9.5.1 U.S. 76
9.5.2 MEXICO 77
9.5.3 CANADA 78
9.6 SOUTH AMERICA 79
9.6.1 ARGENTINA 80
9.6.2 BRAZIL 81
9.6.3 COLOMBIA 82
10 COMPETITIVE LANDSCAPE 83
10.1 INTRODUCTION 83
10.2 MAXIMUM DEVELOPMENTS BETWEEN 2012 AND 2015 84
10.3 GROWTH STRATEGIES IN THE WATERPROOFING ADMIXTURES MARKET 85
10.4 BASF SE and PIDILITE INDUSTRIES: THE MOST ACTIVE PARTICIPANTS 86
10.5 COMPETITIVE SITUATION and TRENDS 87
10.5.1 NEW PRODUCT DEVELOPMENT and LAUNCH 87
10.5.2 PARTNERSHIPS, AGREEMENTS and COLLABORATIONS 87
10.5.3 EXPANSIONS 88
10.5.4 MERGERS and ACQUISITIONS 88
11 COMPANY PROFILES 89
11.1 INTRODUCTION 89
(Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
11.2 BASF SE 90
11.3 SIKA AG 92
11.4 W.R. GRACE and CO. 95
11.5 WACKER CHEMIE AG 98
11.6 DOW CORNING CORPORATION 101
11.7 RPM INTERNATIONAL INC. 103
11.8 PIDILITE INDUSTRIES 105
11.9 EVONIK INDUSTRIES 107
11.10 FOSROC INTERNATIONAL LTD. 109
11.11 MAPEI S.P.A. 111
11.12 XYPEX CHEMICAL CORPORATION 113
*Details on Business Overview, Products and Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
12 APPENDIX 114
12.1 INDUSTRY INSIGHTS 114
12.2 DEVELOPMENTS 115
12.3 DISCUSSION GUIDE 116
12.4 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 119
12.5 AVAILABLE CUSTOMIZATIONS 120
12.6 RELATED REPORTS 121


LIST OF TABLES

TABLE 1 WATERPROOFING ADMIXTURES MARKET, 2015-2020 26
TABLE 2 WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE, 2013-2020 (KILOTON) 41
TABLE 3 WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 42
TABLE 4 PORE BLOCKING ADMIXTURE MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 42
TABLE 5 PORE BLOCKING ADMIXTURE MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 43
TABLE 6 CRYSTALLINE WATERPROOFING ADMIXTURES MARKET SIZE, BY REGION,
2013-2020 (KILOTON) 44
TABLE 7 CRYSTALLINE WATERPROOFING ADMIXTURES MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 44
TABLE 8 OTHER WATERPROOFING MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 45
TABLE 9 OTHER WATERPROOFING ADMIXTURES MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 45
TABLE 10 WATERPROOFING ADMIXTURES MARKET SIZE, BY APPLICATION,
2013-2020 (KILOTON) 48
TABLE 11 WATERPROOFING ADMIXTURES MARKET SIZE, BY APPLICATION,
2013-2020 (USD MILLION) 48
TABLE 12 WATERPROOFING ADMIXTURES MARKET SIZE IN BUILDING and CONSTRUCTION,
BY REGION, 2013-2020 (KILOTON) 48
TABLE 13 WATERPROOFING ADMIXTURES MARKET SIZE IN BUILDING and CONSTRUCTION,
BY REGION, 2013-2020 (USD MILLION) 49
TABLE 14 WATERPROOFING ADMIXTURES MARKET SIZE IN PUBLIC INFRASTRUCTURE,
BY REGION, 2013-2020 (KILOTON) 49
TABLE 15 WATERPROOFING ADMIXTURES MARKET SIZE IN PUBLIC INFRASTRUCTURE,
BY REGION, 2013-2020 (USD MILLION) 50
TABLE 16 WATERPROOFING ADMIXTURES MARKET SIZE IN COMMERCIAL SPACE,
BY REGION, 2013-2020 (KILOTON) 50
TABLE 17 WATERPROOFING ADMIXTURES MARKET SIZE IN COMMERCIAL SPACE,
BY REGION, 2013-2020 (USD MILLION) 51
TABLE 18 WATERPROOFING ADMIXTURES MARKET SIZE, BY REGION, 2013-2020 (KILOTON) 54
TABLE 19 WATERPROOFING ADMIXTURES MARKET SIZE, BY REGION,
2013-2020 (USD MILLION) 55
TABLE 20 ASIA-PACIFIC: WATERPROOFING ADMIXTURES MARKET SIZE, BY COUNTRY,
2013-2020 (KILOTON) 57
TABLE 21 ASIA-PACIFIC: WATERPROOFING ADMIXTURES MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 57
TABLE 22 CHINA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 58
TABLE 23 CHINA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 58
TABLE 24 INDIA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 59
TABLE 25 INDIA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 59
TABLE 26 JAPAN: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 60
TABLE 27 JAPAN: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 60
TABLE 28 SOUTH KOREA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 61
TABLE 29 SOUTH KOREA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 61
TABLE 30 MIDDLE EAST and AFRICA: WATERPROOFING ADMIXTURES MARKET SIZE,
BY COUNTRY, 2013-2020 (KILOTON) 62
TABLE 31 MIDDLE EAST and AFRICA: WATERPROOFING ADMIXTURES MARKET SIZE,
BY COUNTRY, 2013-2020 (USD MILLION) 62
TABLE 32 EGYPT: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 63
TABLE 33 EGYPT: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 63
TABLE 34 IRAN: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 64
TABLE 35 IRAN: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 64
TABLE 36 SAUDI ARABIA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 64
TABLE 37 SAUDI ARABIA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 65
TABLE 38 U.A.E.: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 65
TABLE 39 U.A.E.: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 USD MILLION) 66
TABLE 40 EUROPE: WATERPROOFING ADMIXTURES MARKET SIZE, BY COUNTRY,
2013-2020 (KILOTON) 68
TABLE 41 EUROPE: WATERPROOFING ADMIXTURES MARKET SIZE, BY COUNTRY,
2013-2020 (USD MILLION) 68
TABLE 42 TURKEY: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 69
TABLE 43 TURKEY: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 69
TABLE 44 ITALY: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 70
TABLE 45 ITALY: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 70
TABLE 46 POLAND: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 71
TABLE 47 POLAND: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 71
TABLE 48 SPAIN: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 72
TABLE 49 SPAIN: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 72
TABLE 50 GERMANY: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 73
TABLE 51 GERMANY: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 73
TABLE 52 FRANCE: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 73
TABLE 53 FRANCE: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 74
TABLE 54 NORTH AMERICA: WATERPROOFING ADMIXTURES MARKET SIZE, BY COUNTRY, 2013-2020 (KILOTON) 76
TABLE 55 NORTH AMERICA: WATERPROOFING ADMIXTURES MARKET SIZE, BY COUNTRY, 2013-2020 (USD MILLION) 76
TABLE 56 U.S.: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 77
TABLE 57 U.S.: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 77
TABLE 58 MEXICO: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 77
TABLE 59 MEXICO: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 78
TABLE 60 CANADA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 78
TABLE 61 CANADA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 78
TABLE 62 SOUTH AMERICA: WATERPROOFING ADMIXTURES MARKET SIZE,
BY COUNTRY, 2013-2020 (KILOTON) 79
TABLE 63 SOUTH AMERICA: WATERPROOFING ADMIXTURES MARKET SIZE,
BY COUNTRY, 2013-2020 (USD MILLION) 79
TABLE 64 ARGENTINA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 80
TABLE 65 ARGENTINA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLIONS) 80
TABLE 66 BRAZIL: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 81
TABLE 67 BRAZIL: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 81
TABLE 68 COLOMBIA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (KILOTON) 82
TABLE 69 COLOMBIA: WATERPROOFING ADMIXTURES MARKET SIZE, BY TYPE,
2013-2020 (USD MILLION) 82
TABLE 70 NEW PRODUCT DEVELOPMENT and LAUNCH, 2012-2015 87
TABLE 71 AGREEMENTS and COLLABORATIONS, 2012-2015 87
TABLE 72 EXPANSIONS, 2012-2015 88
TABLE 73 MERGERS and ACQUISITIONS, 2012-2015 88


LIST OF FIGURES

FIGURE 1 WATERPROOFING ADMIXTURES: MARKET SEGMENTATION 15
FIGURE 2 WATERPROOFING ADMIXTURE: RESEARCH DESIGN 17
FIGURE 3 BOTTOM-UP APPROACH 21
FIGURE 4 TOP-DOWN APPROACH 22
FIGURE 5 DATA TRIANGULATION 23
FIGURE 6 ASSUMPTIONS OF THE RESEARCH STUDY 24
FIGURE 7 WATERPROOFING ADMIXTURES MARKET SNAPSHOT, BY TYPE (2015 VS. 2020) 25
FIGURE 8 GLOBAL WATERPROOFING MARKET SHARE, 2014 (VOLUME) 27
FIGURE 9 WATERPROOFING ADMIXTURES MARKET TO GROW AT HIGHER RATE BETWEEN 2015 AND 2020 28
FIGURE 10 PUBLIC INFRASTRUCTURE TO GROW AT THE FASTEST RATE AMONG ALL APPLICATIONS OF WATERPROOFING ADMIXTURE 28
FIGURE 11 CHINA ACCOUNTS FOR THE LARGEST MARKET SHARE IN ASIA-PACIFIC, 2014 29
FIGURE 12 WATERPROOFING ADMIXTURE MARKET ATTRACTIVENESS 29
FIGURE 13 ASIA-PACIFIC MARKET PROJECTED TO WITNESS HIGHEST GROWTH BETWEEN 2015 and 2020 FOR WATERPROOFING ADMIXTURE 30
FIGURE 14 WATERPROOFING ADMIXTURES MARKET, BY TYPE 32
FIGURE 15 OVERVIEW OF THE MARKET FORCES GOVERNING THE WATERPROOFING ADMIXTURES MARKET 33
FIGURE 16 OVERVIEW OF WATERPROOFING ADMIXTURES VALUE CHAIN 36
FIGURE 17 PORTER'S FIVE FORCE ANALYSIS OF THE WATERPROOFING ADMIXTURES MARKET 37
FIGURE 18 WATERPROOFING ADMIXTURES MARKET, BY TYPE, 2015 VS. 2020 (USD MILLION) 41
FIGURE 19 PUBLIC INFRASTRUCTURE GROWTH TO BE THE HIGHEST IN THE WATERPROOFING ADMIXTURES MARKET, BY APPLICATION, 2015 VS. 2020 (USD MILLION) 47
FIGURE 20 GLOBAL CEMENT MARKET SIZE, 2011-2015 (MILLION TON) 53
FIGURE 21 REGIONAL SNAPSHOT (2015-2020) - UAE, CHINA, AND INDIA ARE EMERGING AS STRATEGIC LOCATIONS 54
FIGURE 22 CHINA AND INDIA ARE THE MAJOR MARKETS FOR WATERPROOFING ADMIXTURES IN THE ASIA-PACIFIC MARKET (2014) 56
FIGURE 23 SPAIN AND GERMANY ARE THE KEY EUROPEAN MARKETS FOR WATERPROOFING ADMIXTURES (2014) 67
FIGURE 24 THE U.S. IS THE MAJOR MARKET FOR WATERPROOFING ADMIXTURES IN THE NORTH AMERICAN MARKET (2014) 75
FIGURE 25 COMPANIES ADOPTED EXPANSIONS AND MERGERS and ACQUISITION AS THEIR KEY GROWTH STRATEGY 83
FIGURE 26 WATERPROOFING ADMIXTURES MARKET WITNESSED MAXIMUM DEVELOPMENTS IN 2014 84
FIGURE 27 EXPANSIONS: THE MOST POPULAR GROWTH STRATEGY 85
FIGURE 28 BASF SE and PIDILITE INDUSTRIES TO LEAD IN TERMS OF MARKET DEVELOPMENT ACTIVITIES BETWEEN 2012 and 2015 86
FIGURE 29 REGIONAL REVENUE MIX OF THE KEY MARKET PLAYERS 89
FIGURE 30 BASF SE: COMPANY SNAPSHOT 90
FIGURE 31 BASF.: SWOT ANALYSIS 91
FIGURE 32 SIKA AG: COMPANY SNAPSHOT 92
FIGURE 33 SIKA AG: SWOT ANALYSIS 94
FIGURE 34 W.R. GRACE and CO.: COMPANY SNAPSHOT 95
FIGURE 35 W.R GRACE CO.: SWOT ANALYSIS 97
FIGURE 36 WACKER CHEMIE AG.: COMPANY SNAPSHOT 98
FIGURE 37 WACKER CHEMIE AG: SWOT ANALYSIS 100
FIGURE 38 DOW CORNING CORPORATION: COMPANY SNAPSHOT 101
FIGURE 39 DOW CORNING CORPORATION: SWOT ANALYSIS 102
FIGURE 40 RPM INTERNATIONAL: COMPANY SNAPSHOT 103
FIGURE 41 PIDILITE INDUSTRIES: COMPANY SNAPSHOT 105
FIGURE 42 EVONIK INDUSTRIES: COMPANY SNAPSHOT 107
FIGURE 43 FOSROC INTERNATIONAL LTD.: COMPANY SNAPSHOT 109
FIGURE 44 MAPEI S.P.A.: COMPANY SNAPSHOT 111

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