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Global Waterproofing Chemicals Market Size, Share, Development, Growth and Demand Forecast to 2022  Industry Insights by Type by Application

Global Waterproofing Chemicals Market Size, Share, Development, Growth and Demand Forecast to 2022 Industry Insights by Type by Application

  • April 2016
  • 118 pages
  • ID: 4402385
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

The global waterproofing chemicals market was valued at $3,652.5 million in 2015, and it is expected to grow at a CAGR of 6.6% during 2016-2022. The growth in the end-use market, favorable environmental regulation, and increasing compliance with international manufacturing standard are driving the growth of the global waterproofing chemicals market. Asia-Pacific accounted for the largest share (39.2%) in the global waterproofing chemicals market with an estimated $ 1,431.1 million value in 2015.

Waterproofing refers to the process of preventing water leakage from the structure. Waterproofing is one of the most significant factors considered in the construction industry to prevent leakages, dampness etc., and make the structure durable and long lasting. If water penetrates through structures, it may cause electrical, metal damage, or other related hazards. Therefore, these chemicals help to provide protection from such risks. The waterproofing technology is evolving with time, modifications in architectural design, and different types of building materials available in the market. In the early stage of construction industry, when stone was the main construction material for structures, the builders were focused on making structures in such a way that rainwater does not collect on roof. Henceforth, the old structures were mostly of dome shaped or slanting roofs. With time, technology has advanced and the concept of waterproof coating came into application. Waterproofing chemicals have high durability, increases the life of structure, and on the contrary reduces the maintenance cost.

Waterproofing chemicals industry has a good growth potential during the forecast period. The industry needs investments initiatives from leading market players, governments, regulatory bodies, and industrial federations for growth. In developing countries, the government’s initiatives towards infrastructure development are among the major factors driving the growth of the global waterproofing chemicals market. The infrastructure industry has been financially backed-up by The World Bank and The Asian Development Bank, and all these funded projects necessitate the use of waterproofing chemicals.

The different governments across the globe are taking initiatives to fix the loopholes. The governments are focusing on the policy of “Zero Effect and Zero Defect” to establish their manufacturing and construction market, which is anticipated to contribute to the growth of the waterproofing chemicals market.

In developing countries, such as India, Brazil and Indonesia, the main emphasis in the waterproofing industry is the implementation of best industrial practices from across the globe and encouraging consumer standard similar to international standards. This would help the current waterproofing chemicals industry to penetrate deeper; thus increasing the demand for waterproofing chemicals.

Among the various applications, the building structures segment is expected to witness the fastest growth in terms of volume at 6.6% CAGR during 2016 – 2022 in the global waterproofing chemicals market. Among the various types of waterproofing chemicals, the polymer segment is anticipated to witness the highest growth at 7.6% CAGR during 2016 -2022.

Some of the major players operating in the global waterproofing chemicals market include BASF SE, The Dow Chemical Company, Evonik Industries AG, Thermax Limited, Pidilite Industries Limited, Bostik Inc., Fosroc, Mitsubishi Chemical Holdings Corporation, Zeon Corporation, and Sika AG.

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