Waterproofing Chemicals Market is expected to reach
US$ 10.46 Bn by 2022
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.
For More
Reports Related to This Category @ http://www.credenceresearch.com/industry/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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Credence
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