Waterproofing Chemicals Market Size, Share | Industry Trends Analysis Report, 2024

Waterproofing Chemicals Market Size, Share | Industry Trends Analysis
Report, 2024
Date: 03-17-2017 04:52 PM CET
Category: Business, Economy, Finances, Banking & Insurance
Press release from: Transparency Market Research
The global waterproofing chemicals market features a highly consolidated competitive landscape, with the top five companies
accounting for over 85% of the overall market in 2015, observes Transparency Market Research in a recent report. These five
companies, namely BASF SE, The Dow Chemical Company, E.I. du Pont de Nemours and Company, Evonik Industries, and
Sika AG hold strong market positions owing to their wide geographical presence and product portfolios that span across a vast
range of industrial applications. Market-oriented research and developments and increased focus on emerging markets such as
Asia Pacific and Middle East and Africa are expected to bolster growth prospects of potential competitors in the near future.
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TMR estimates that in terms of revenue, the market was valued at U.S$7,948.4 mn in 2015 and will reach U.S$12,335.2 mn
by 2024, expanding at a healthy CAGR of 5.1% between 2016 and 2024. In terms of end-use, the construction and
infrastructure sectors cumulatively held more than 70% of the waterproofing chemicals business. These segments are also
expected to retain their positions as the leading consumers of waterproofing chemicals over the forecast period.
Geographically, the market for waterproofing chemicals in Asia Pacific is presently the leading regional market and is
expected to remain the dominant regional market over the forecast period as well.
Healthy Demand across Construction Sector to Help Market Gain Momentum
Sustainable demand across the global construction industry is pivotal to the overall development of the global waterproofing
chemicals market as the former provides the market more than 60% of its business. In the past few years, the rising demand
for a variety of waterproofing chemicals in the ever-expanding construction industry, for purposes such as the protection of
buildings and structures from leakage and seepage caused by water and moisture, has been key to market growth. The demand
for these chemicals has remained strong from new construction projects as well as projects managing refurbishment of existing
buildings.
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The public infrastructure space, including structures such as bridges, tunnels, pavements, roadways, and public utility centers,
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has also been key to the healthy demand for waterproofing chemicals in the global market. Extensive investments and the
rising implementation of development programs in this field across regions such as Asia Pacific and Africa are expected to
fuel the demand for waterproofing chemicals in the next few years.
Low Product Awareness among Consumers could Hinder Market Growth
Waterproofing chemicals are still largely considered a niche product in the construction chemicals segment. This is because
of the understanding of the specific use of these chemicals in high-end applications, which is mostly limited to industry
experts. The high base cost of these chemicals, in addition to the substantial costs incurred for labor have also been key
restraints in terms of product acceptance and use in general consumer markets. As a result, waterproofing chemicals are mostly
used in upscale construction segments.
Waterproofing chemicals have a limited footprint in the global market, with a share of less than 20% of the overall
construction chemicals market due to thier limited use in residential building segment as well as low product marketing and
promotions. These factors are projected to have a sizeable negative impact on the overall development of the market in the
next few years.
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This review of the market is based on a recent market research report published by Transparency Market Research, titled
“Waterproofing Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the global waterproofing chemicals market has been segmented as follows:
Waterproofing Chemicals Market - Product Analysis
Bitumen
PVC
EPDM
TPO
PTFE
Silicone
Waterproofing Chemicals Market - Technology Analysis
Sheet based Membrane
Liquid Coated Membrane
Cementitious Waterproofing
Others (sprays, coatings etc.)
Waterproofing Chemicals Market - End Use Analysis
Construction
Infrastructure
Automotive
Textile and Leather
Others
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and
services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for
thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources
and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest
trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous
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primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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