Global Waterproofing Chemicals Market information by Type (bitumen, PVC, TPO, EPDM, and others), by Application (roofing, walls, flooring, basement, tunneling, and others), and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East &Africa,) - Forecast till 2023
ID: MRFR/CnM/3115-CR | January 2018 | Region: Global | 123 pages
Market Synopsis of Global waterproofing chemicals market:
Waterproofing Chemicals Market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 Million till 2023.
Waterproofing chemical is a synthetic chemical product that protect the structure from water penetration and percolation. Excess water penetration in buildings can shorten their life span and may cause an accidental damage to the structure, apart from electrical, metal and other structural hazards. It is generally applied to the exterior of a foundation system or mixed with a construction application. Application of waterproofing confer significant advantages to the building or a substrate such as lower maintenance cost of buildings, sustainable edifice and protection from extreme weather conditions.
The global waterproofing chemicals market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 million till 2023. Surging demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and growing demand from roofing and walls application are primary factors driving growth of the market. However, the cost sensitive nature of the market due to the fluctuating crude oil prices and price conscious consumers is posing as a substantial bottleneck in the growth trajectory of the market, especially in emerging economies. Nevertheless, the landfill and water management sector is likely to be the great opportunity for further application of waterproofing chemicals in near future.
Waterproofing chemical is a synthetic chemical product that protect the structure from water penetration and percolation. Excess water penetration in buildings can shorten their life span and may cause an accidental damage to the structure, apart from electrical, metal and other structural hazards. It is generally applied to the exterior of a foundation system or mixed with a construction application. Application of waterproofing confer significant advantages to the building or a substrate such as lower maintenance cost of buildings, sustainable edifice and protection from extreme weather conditions.
The global waterproofing chemicals market has been estimated to grow at CAGR of 9.86% to reach USD 32,915.00 million till 2023. Surging demand for waterproofing chemicals from rapidly increasing construction activities in developing countries and growing demand from roofing and walls application are primary factors driving growth of the market. However, the cost sensitive nature of the market due to the fluctuating crude oil prices and price conscious consumers is posing as a substantial bottleneck in the growth trajectory of the market, especially in emerging economies. Nevertheless, the landfill and water management sector is likely to be the great opportunity for further application of waterproofing chemicals in near future.
Global Waterproofing Chemicals Market Share, by Application, 2016 (%):
Sources: MRFR Analysis
Regional Analysis:
Geographically, the global waterproofing chemicals market is spanned across five key regions Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific held the largest share of the market in 2016, and is projected to grow at the highest CAGR of 10.88% during the forecast period. The dominance of Asia Pacific region is mainly due to the rising urbanization and swift industrialization of the emerging economies in this region. Asia Pacific region is followed by North America, which accounted for the second largest market share, as of 2016. It is estimated to reach USD 7,201.60 million by 2023. The U.S held the largest share of the market in North America and expected to remain dominant throughout the forecast period owing to greater penetration of end user industries in the country.
Europe is another substantial region in the global waterproofing chemicals market. It accounted for a considerable market share of 17%, in 2016. Germany is the leading market in this region dominating the regional market on account of increasing demand from the roofing and basement application. Europe is followed by Middle East & Africa and Latin America which estimated to grow at significant rate during the review period.
Europe is another substantial region in the global waterproofing chemicals market. It accounted for a considerable market share of 17%, in 2016. Germany is the leading market in this region dominating the regional market on account of increasing demand from the roofing and basement application. Europe is followed by Middle East & Africa and Latin America which estimated to grow at significant rate during the review period.
Segmentation:
The global waterproofing chemicals market is segmented on the basis of type, application, and region. On the basis of type, market is categorized into bitumen, PVC, TPO, EPDM, and others.
By application, the market is divided into roofing, walls, flooring, basement, tunneling, and others.
Geographically, the global waterproofing chemicals market is segmented into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
Key Players:
The prominent players in the global waterproofing chemicals market are Sika AG (Switzerland), BASF SE (Germany), DowDuPont (The U.S.), Wacker Chemie AG (Germany), RPM International Inc. (The U.S.), Pidilite Industries Ltd. (India), Mapei S.p.A (Italy), Carlisle Companies Inc. (The U.S.), Fosroc (U.K), Drizoro S.A.U. (Spain), Conpro Chemicals Pvt. Ltd (India), and Soprema Inc. (The U.S.), among others.
Key Findings:
The global waterproofing chemicals market is projected to reach USD 32,915.00 million by the end of 2023 at a CAGR of 9.86%. Asia Pacific is accounted for the largest share due to high penetration of major end use industries in the region. China is the largest market not only in Asia Pacific but also in the global market. Bitumen held over 52% of the market in 2016 owing to easy availability and relative low price. Roofing and walls together holding more over 50% share of the market and is expected to be the dominant end user for waterproofing chemicals market across all regional segments during forecast period.
Geographic Analysis:
The global waterproofing chemicals market is projected to grow at a CAGR of 9.86% during the review period 2017-2023. Asia Pacific accounted for the largest share due to growth of major end users in the region. Roofing is the dominant application segment in the global waterproofing chemicals market, during forecast period.
The report covers brief analysis of geographical region includes
World
- Asia PacificChina
- India
- Japan
- Rest of Asia Pacific
- EuropeGermany
- France
- UK
- Russia
- Italy
- France
- Rest of Europe
- North AmericaUS
- Canada
- Middle East & AfricaA.E.
- Saudi Arabia
- Turkey
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
Intended Audience:
- Manufacturers and distributors of waterproofing chemicals.
- Manufacturers and distributors of waterproofing chemicals.
- Suppliers and traders.
- Government, associations and industrial bodies.
- Investors and Trade experts.
- Consulting in chemical experts.
Frequently Asked Questions (FAQ) :
The global waterproofing chemicals market is expected to reach a valuation of USD 32,915 million by 2023.
The global waterproofing chemicals market is expected to exhibit a strong 9.86% CAGR over the forecast period from 2017 to 2023.
The growing construction industry and rapid urbanization in Asia Pacific are the major drivers for the waterproofing chemicals industry.
Roofing applications dominate the global waterproofing chemicals market, followed by walls and flooring.
Asia Pacific is the largest regional market for waterproofing chemicals and is expected to exhibit the largest CAGR, 10.88%, over the forecast period.
